- The key vendors in the global commercial next-gen avionics market 2015-2019 are BAE Systems, Cobham, General Electric, Honeywell and Rockwell Collins.
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global commercial next-gen avionics market 2015-2019. Enhanced in-flight entertainment and connectivity (IFEC) systems is a key trend being witnessed in this market. Companies such as Honeywell and Rockwell Collins are introducing solutions that can make these systems affordable for maximized revenue and optimized flight operations. The shift toward electronic flight bags allows pilots to access the latest navigation charts, monitor weather, and adjust flight plans to optimize fuel use. Cabin crew uses mobile devices with in-flight connectivity for passenger services, on-board sales, crew communication, and crew reporting. The global commercial next-gen avionics market is expected to grow at a CAGR of 3.7% during the forecast period of 2014-2019.
Various technological developments such as enhanced transmitters, collision avoidance systems, gyroscopes, and early warning systems is expected to increase the demand for next generation avionics over the next four years. Also, the next generation aircraft are equipped with the latest avionics systems such as FMS, RNP, and in-flight entertainment and connectivity (IFEC).
“The need for safety in aviation and determination of the accurate position of aircraft have led to the development of satellite-based navigation systems,” says Faisal Ghaus, Vice President of Technavio Research.
“The introduction of Automatic Dependent Surveillance-Broadcast (ADS-B) in the aircraft helps the air traffic control (ATC) to determine the accurate position of the aircraft to reduce the distance between two aircraft and utilize more airspace.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Commercial Next-Gen Avionics Market 2015-2019, please send an e-mail to media@TechNavio.com
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