Selbyville, DE -- (SBWIRE) -- 02/20/2019 -- Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.
North America was the largest production market with a market share of 45.30% in 2012 and 45.71% in 2017 with a decrease of 0.44%. Europe ranked the second market with the market share of 42.02% in 2016.

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Vendors discussed with company profiles, details on their offerings, contact information and more include: Rockwell Collins, Honeywell Aerospace, Thales Group, Garmin Ltd, Cobham, GE Aviation, BAE Systems, Lockheed Martin, Northrop Grumman

The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency. Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.

The emerging nations such as China, India, Japan, Singapore, Australia, UAE, Saudi Arabia, South Africa and Brazil are expected to generate further demand in commercial avionics systems market over the forecast period. With increasing investments in the research and development in avionics industry, enhanced products are being launched by the manufacturers to improve the aircraft's performance, reduce environmental pollution and minimize risks associated with human error during flights. However, the threats of cyber-attacks and the economic turmoil in various countries globally is hindering the growth of this market.

According to this study, over the next five years the Avionics Systems market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 35100 million by 2024, from US$ 26800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Avionics Systems business, shared in Chapter 3.

Avionics Systems Market Report – Quick Rundown:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

- Flight Control System
- Flight Management System
- Health Monitoring System
- Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

- Commercial Use
- Military Use

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With an objective to help understand the development plans and policies, manufacturing processes, cost structures of Avionics Systems market, this report lists and profiles leading players with top level information on them. Wherever applicable, it also focuses on the details like supply chain, market statistics, product images, development plan outlook, consumption (where available), growth rates, contact details and much more.

Sub-segments of the Avionics Systems market are expansively analyzed covering industry dynamics, help on a feasibility study, vendor strategies, growth prospects and market share of the industry. Growth projections for next few years form an important aspect of this 2018 Avionics Systems report.

Apart from whatever is already offered in this Avionics Systems market research, the report can be customized to meet your needs – be it additional company coverage or country coverage or anything specific that you need.

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Table OF Content:

2019-2024 Global Avionics Systems Consumption Market Report

1 Scope of the Report

2 Executive Summary

3 Global Avionics Systems by Players

4 Avionics Systems by Regions

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Marketing, Distributors and Customer

11 Global Avionics Systems Market Forecast

12 Key Players Analysis

13 Research Findings and Conclusion

Related Report:

Global Avionics Systems Market Insights, Forecast to 2025

The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft's operational efficiency. Additionally, the increasing expectation of the air passengers for enhanced in-flight services and solutions has boosted the demand for in-flight entertainment (IFE), which in turn is pushing the market for commercial avionics systems forward. Owing to these factors, the market for commercial avionics systems is growing at a significant pace globally.

https://www.marketstudyreport.com/reports/global-avionics-systems-market-insights-forecast-to-2025

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