The term commercial avionics system comprises
the study of several subsystems which include flight management, health
monitoring, electrical & emergency, navigation & surveillance system
and communication. In addition, there are different key advantages of
commercial avionics such as it may be utilized to decrease the fuel burn and
extend structural life, it depletes the pilot workload, it can also improve the
safety and reliability through reconfiguration following damages or failures
and it also supports in escaping accidents by finishing the loop around
aircraft performance. Not only has this, the players of this market are
registering the significant market growth more actively while developing the
working technologies for doing effective management and monitoring for
providing better consumer satisfaction and offering effective communications
services which further become effective for dominating the highest value of
market share across the globe in the coming years more increasingly.
According to the report analysis, ‘Global
Commercial Avionics Systems Market Size study, by Sub-System (Flight Management
System, Flight Control System, Health Monitoring System, Electrical &
Emergency System, Communication, Navigation and Surveillance Systems), by
Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Regional Jets) and
Regional Forecasts 2018-2025’ states that there are several key players
which are presently functioning in this sector more enormously for registering
the highest market growth and acquiring the handsome amount of market share
while improving the techniques of producing the product and outcomes for
increasing the digits of the revenue across the globe includes United
Technologies Corporation, Thales Group, GE Aviation, Garmin Ltd., Rockwell
Collins, Honeywell International Inc., L-3 Communication Holdings Inc.,
Panasonic Avionics Corporation, Universal Avionics System Corporation, Teledyne
Technologies Inc., and several others. Moreover, many of the focused players of
this market are benefitted with the strategies of joint ventures, partnerships
and mergers and acquisitions for ruling across the globe and dominating the
handsome amount of share in the short span of time more enormously which
further increase the amount of profit.
On the basis of region, the market is spread
across the globe which includes Asia Pacific, North America, Europe, Latin
America and Rest of the World. While, the North America is the
leading/significant region across the globe in terms of market share 42.4% in
2015 owing to technological advancements and a development state of economic
development. Moreover, the Europe also contributes a satisfactory growth in the
global commercial avionics system market. Asia Pacific also expected to exhibit
higher growth rate / CAGR over the forecast period of 2018-2025 owing to
increasing awareness about the commercial avionics. Furthermore, the major
fueling factor of global Commercial Avionics Systems market are increase in
numbers of aircraft deliveries and surging requirement for the real time data.
In addition, technological advancement and new innovations is also a foremost
driving factor in the market of commercial avionics. Therefore, in the near
future, it is anticipated that the market of commercial avionics systems will
increase across the globe more positively over the recent coming years.
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