Global Commercial Aircraft Next-Gen Avionics Market 2015-2019
About nextgen avionics
Next-generation avionics are electronic equipment incorporated in aircraft to help pilots maneuver efficiently. They include communication systems, autopilot systems, sensors, transponders, flight management systems, navigational systems, displays, and anti-collision systems. The next-generation avionics market is heavily influenced by the number of operational aircraft. The introduction of A320neo, A350XWB, and B737max has led for upgrades of many existing fleets, as they try to adopt the latest technologies incorporated in these new aircraft. Also, development of light-weight avionics has led to the achievement of optimum payload to range ratio.
Technavio's analysts forecast the global commercial aircraft next-gen avionics market to grow at a CAGR of 3.7% over the period 2014-2019.
Covered in this report
The report includes the present scenario and growth prospects of the global commercial aircraft next-gen avionics market for the period 2015-2019. The market can be segmented into three: flight management systems, flight navigation systems, and flight instruments.
Technavio's report, Global Commercial Aircraft NextGen Avionics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global commercial aircraft next-gen avionics market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft NextGen Avionics Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Commercial Aircraft NextGen Avionics Market: BAE Systems, Cobham, General Electric, Honeywell International and Rockwell Collins
Other Prominent Vendors in the market are: Esterline Technologies, Global AirWorks, Navtech, Sagem and Zodiac Aerospace
Commenting on the report, an analyst from Technavio’s team said: “A next-gen ERAM was developed with an investment of $2.48 billion in 2015, which replaced the en route host system and back-up system. ERAM processes the radar data and generates it to the ATC. Earlier, ERAM was only able to process data from 24 radars, but the next-gen ERAM will be able to process data from 64 radars.”
According to the report, the growing global air traffic has raised concerns for aircraft manufacturers to provide safety and comfort to its customers, which has resulted in a rise in demand for avionics systems. These systems offer advanced computing, which helps in efficient flight management.
Further, the report states that new-generation aircraft are equipped with latest systems such as in-flight entertainment systems and other avionics systems. These systems are prone to hacking, which acts as a challenge to the market.
BAE Systems, Cobham, General Electric, Honeywell International, Rockwell Collins, Esterline Technologies, Global AirWorks, Navtech, Sagem, Zodiac Aerospace