Global Commercial Aircraft Avionics Systems Market by Sub-System (FMS, FCS, HMS, Navigation, CNS, and Electrical and Emergency Systems), by Platform (Fixed-wing Aircraft and Rotary-wing Aircraft) by Fit (Line-Fit and Retrofit), and by Region - Forecast To 2021
Market Synopsis of Global Commercial Aircraft Avionics Systems Market:
The Global Commercial Aircraft Avionics Systems Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are demand for lightweight avionics systems, growing fleet size & aircraft orders, increase in demand from emerging economies, and regulation related to aviation safety.
As per the MRFR analysis, the growing concern over cyber-attacks, the high maintenance cost, rising expense of training air crew, and the economic turbulence in several countries are factors restraining the market growth of commercial aircraft avionics systems markets.
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Commercial Aircraft Avionics Systems Market – Segmentation
The Global Commercial Aircraft Avionics Systems Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Sub-System : Comprises FMS, FCS, HMS, Navigation, CNS and Electrical and Emergency Systems
Segmentation by Platform : Comprises Fixed-wing Aircraft and Rotary-wing Aircraft
Segmentation by Fit : Comprises Line-Fit and Retrofit
Segmentation by Regions : Comprises Geographical regions - Americas, EMEA and APAC
Commercial Aircraft Avionics Systems Market: Regional Analysis
European market is dominating the market of commercial aircraft avionics systems market due to growth in next generation air transport modernization program. Development of commercial aircraft avionics systems market in European region such as Switzerland are driving the market for commercial aircraft avionics systems.
America is referred to as the second-largest commercial aircraft avionics systems market due to factors such as pioneer in terms of avionics research and availability of major vendors have fuelled the demand for commercial aircraft avionics systems market in the country.
Key Players
Cobham, Honeywell, Panasonic Avionics, Rockwell Collins, Thales, Curtiss-Wright, Elbit Systems, Garmin, GE Aviation, L-3 Communications, Universal Avionics System, and Zodiac Aerospace and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Commercial Aircraft Avionics Systems Market.
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Global Commercial Aircraft Avionics Systems Market by Sub-System (FMS, FCS, HMS, Navigation, CNS, and Electrical and Emergency Systems), by Platform (Fixed-wing Aircraft and Rotary-wing Aircraft) by Fit (Line-Fit and Retrofit), and by Region - Forecast To 2021Global Commercial Aircraft Avionics Systems Market – OverviewThe Global Commercial Aircraft Avionics Systems Market is growing with the rapid pace.
According to a recent study report published by the Market Research Future, The global market of commercial aircraft avionics systems market will grow at a rapid pace over the forecast period.
The market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2021).
Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the avionics systems for commercial aircraft.
Thus, the increasing or decreasing demand of the aircrafts directly has an impact on the market.
Another factor responsible for the increase in commercial aircraft avionics systems market is the growing demand for lightweight avionics systems, increase in new aircraft orders and need for improvement in aviation safety.
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The major players in the drone avionics systems market include Altavian, Innocon, Adsys Controls, Airborne Technologies, BlueBear Systems Research, Embention, Prioria Robotics, Silvertone Electronics, Threod Systems, UAS Europe and UAV Navigation.
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The drone industry has experienced continuous growth in the development of avionic systems.
However, increase in cost of raw materials needed to manufacturer the sensors or the avionic system is increasing the cost of the final product and this is hindering the market for the avionic systems.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
