London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global commercial aircraft electrical and environmental systems market 2015-2019, which is expected to grow at a CAGR of 6.43% during the period 2014-2019.
The demand for commercial aircraft electrical and environmental systems has been increasing along with the increase in demand for aircraft. The global demand for commercial aircraft electrical and environmental systems is being further stimulated by new aircraft development programs. New aircraft electrical and environmental systems are being developed to suit respective aircraft configurations.
“Original equipment manufacturers are now trying to capture more market share in the lucrative aircraft aftermarket parts business with the introduction of total care programs, which include an integrated core set of services covering key aspects of component management and maintenance that can be combined with a range of optional services tailored to an individual customer’s requirements,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Demand for Improved and Low-Maintenance Aircraft Electrical and Environmental Systems
- Growing Aircraft Fleet and New Aircraft Models
- Growth in PMA Strength
- Increased Focus on Passenger Comfort
- More Electric Aircraft
Key Market Trends
- Growing Availability of E-platforms for Aftermarket Parts
- Introduction of Total Care Programs
- Market Consolidation
- Improvements to Reduce Aircraft Fuel Consumption
Key Market Vendors
- Fairchild Controls
- Honeywell International
- Liebherr Group
- Thales
- United Technologies
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
