TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Electrical Systems Market: Honeywell International Inc., Liebherr-International AG, Thales S.A., and UTC Aerospace Systems.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the demand for no-frills airlines has been increasing, especially in the APAC region. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the market. The major reason for the increased demand is that the no-frills business model airlines fly only on short-haul routes and do not provide specific services such as in-flight entertainment, catering, and beverages to the passengers on board. These airlines generally tap passengers who either use roads or railways as their main mode of transportation. The travel cost for no-frills airlines is almost the same as that of other modes of transportation, while saving time and effort for the traveler.”
According to the report, one of the major drivers in this market is the increasing demand for aircraft in the APAC region. As a result of the advent of the no-frills business model, the demand for new aircraft has increased in the APAC region.
Further, the report states that one of the major challenges in this market is the increase in the raw material prices. The rise in the raw material prices has resulted in pricing pressure for the aircraft electrical systems manufacturers since they are forced to pass on the increased cost to the customers.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Fairchild Control, and Maggitt plc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-commercial-aircraft-electrical-sy…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Commercial Aircraft Electrical Systems Market 2012-2016
