TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Avionics Systems Market: Honeywell International Inc., Panasonic Avionics Corp., Rockwell Collins Inc., and Thales SA.
Commenting on the report, an analyst from TechNavio’s team said: “In 2012, the overall MRO cost in the Aviation industry was US$49.6 billion. Since airlines have to bear huge MRO costs for maintaining their aircraft every year, most airlines are trying to operate low-maintenance aircraft, which will help reduce the MRO costs. Hence, they are increasingly opting for low-maintenance avionics systems as this will help reduce the operating cost of these systems.”
According to the report, one of the major drivers in this market is the increasing demand for aircraft in the APAC region. Owing to 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 raw material prices. The rise in raw material prices has resulted in pricing pressure for the manufacturers of aircraft avionics systems, which are then forced to pass on the increased cost to the customers.
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-avionics-syst…
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 Avionics Systems Market 2012-2016
