- The key vendors in the global commercial aircraft avionics systems market 2015-2019 are Cobham plc, Honeywell International Inc., Panasonic Avionics Corp., Rockwell Collins and Thales Group
London, 18 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global commercial aircraft avionics systems market 2015-2019. Changing regulatory scenario is one the major trends being witnessed in the market. With the growth in acceptance and utilization of avionics system such as SVS for aviation applications, the regulatory scenario has also improved. The global commercial aircraft avionics systems market is expected to grow at a CAGR of 4.90% during the forecast period of 2014-2019.
“Many airlines worldwide are replacing their old and aging fleet with new, more efficient aircraft. For example, the Monarch Group has recently chosen Boeing for its narrowbody fleet replacement plan,” says Faisal Ghaus, Vice President of Technavio Research.
“The Boeing 737 MAX has the latest CFM International LEAP-1B engines, which provide greater efficiency, reliability, and passenger comfort than other aircraft in the single aisle market.”
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
