Technavio, a tech-focused market research firm, has published a new report on the global commercial aircraft avionics systems market, which is expected to grow at a CAGR of more than 6% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global commercial aircraft avionics systems market into the following key regions: the Americas, APAC, and EMEA.
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Commercial aircraft avionic systems market in Americas: The growing demand for air travel in the Americas is augmenting the implementation of efficient avionic systems that ensure compliance with all the safety standards. The growing security threats and passenger traffic will encourage vendors to introduce cockpit technology that helps in improving the efficiency of the avionics systems in the region. The US will emerge as the highest revenue generator in the region and the hub for avionics research and development that will help manufacturers to introduce new products in the American market.
According to Avimanyu Basu, a lead analyst at Technavio, specializing in research on aerospace, “The US is adopting and encouraging the use of technologies such as synthetic vision system in modern aircraft to prevent accidents. The companies are also investing in advanced avionics to enhance their flight safety and operations. Development in South American countries especially Brazil will fuel the growth of the market in the Americas.”
Commercial aircraft avionic systems market in EMEA: The development of the aerospace industry with the launch of new routes and business models will encourage the efficient use of fleet and acquisition of new aircraft in the EMEA market. The acquisition new aircraft will encourage vendors to install innovative avionic systems to attract more consumers in this region. The manufacturers are also developing new approaches and landing solutions based on five different technologies. These new technologies include synthetic vision guidance system (SVGS), curved required navigation performance (RNP) paths, ground-based augmentation system (GBAS), satellite-based augmentation system (SBAS), and enhanced flight vision system.
Commercial aircraft avionic systems market in APAC: The number of new aircraft, construction and expansion of airports, and the growing passenger traffic will propel the evolution of the APAC market. The economic development will result in the growth of aerospace industry and drive the commercial aircraft avionic systems market in this region. Furthermore, the formulation of stringent safety regulations and increasing investments in efficient autopilot systems will fuel the adoption of advanced avionic systems in the APAC market.
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The top vendors operating in the global commercial aircraft avionics systems market are:
- Cobham
- Honeywell International
- Rockwell Collins
- Thales
Other prominent vendors in the market include Curtiss-Wright, Elbit Systems, Garmin, GE Aviation, L-3 Communications, Universal Avionics Systems, and Zodiac Aerospace.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Aircraft Avionics Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Aircraft Video Surveillance Systems Market 2016-2020
- Global Commercial Aircraft Cockpit Display System Market 2016-2020
- Global Commercial Aircraft MRO Market 2016-2020
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