Global Avionics - Military and Commercial Aircrafts Market
Avionics are electronic systems used in aviation to communicate, navigate, and support various complex flight applications. The Avionics Market is projected to reach a value of US dollar 92.85 Billion by 2022 from US dollar 62.22 Billion in 2016, at a CAGR of 6.90% from 2016 to 2022.
The key factor that can influence the growth of the Avionics market is greater focus on flight safety.
The other major factors that are expected to drive the growth of the avionics market are the rapid increase in number of aircraft deliveries, growing trend of modernization of airspace, rise in military aircraft spending by emerging economies and growth of the general aviation avionics retrofit market. In the near future various technological developments in communication, mission/tactical systems, navigation and surveillance systems, flight control and management systems and electrical and emergency systems are expected to take place in the avionics market. The major challenge for the market are the challenges faced with retrofitting.
> On the basis of the subsystem, the Avionics Market has been segmented into Flight Control and Management System, Communication, Navigation and Surveillance Systems, Monitoring or Glass Cockpit, Electrical and Emergency Systems, Inflight Entertainment and Mission or Tactical System. The flight control and management system segment of the avionics market is dominating the market and is expected to continue its dominance during the forecast timeframe.
> On the basis of fit, Avionics Market can be segmented into Retrofit and Line-fit. Among the segments based on fit, the retrofit segments projected to witness the highest growth rate during the forecast timeframe.
Avionics Market can be geographically segmented into the regions of North America, Europe, Asia-Pacific and Rest of the World. During 2016, America is the largest market for military avionics and is expected to continue its market dominance until the end of 2020. Large sums of money have been invested by US Department of Defence to modernize and upgrade its fleet of military aircraft with modern aircraft systems and components. High air passenger traffic leading to an increase in the number of aircraft deliveries is the main reason for Asia-Pacific being the fastest-growing market for avionics during the forecast period.
Key players in the globalavionics market are Avidyne, GE, Honeywell Aerospace, Rockwell Collins and Thales. Some other prominent vendors in the market are Aspen Avionics, ENSCO Avionics, ForeFlight, Hilton Software Sagetech, Curtiss-Wright, Elbit Systems, L-3 Avionic systems and Xavion.
> Global Avionics - Military and Commercial Aircrafts Market segments
> Global Avionics - Military and Commercial Aircrafts Market Drivers, Restraints and Opportunities
> Global Avionics - Military and Commercial Aircrafts Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Global Avionics - Military and Commercial Aircrafts Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players
> North America
>>US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Westren Europe
> Eastern Europe
>> Rest of Eastren Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Global Avionics - Military and Commercial Aircrafts Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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