Deep Dive into Avionics System Market to observe latest trends, market dynamics and future growth from 2017 to 2025
According to a new report published by Reports Monitor titled, “Avionics System Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Avionics System Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Avionics System Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Avionics are electronic structure used on aircraft, artificial satellites and spacecraft. Avionic system consists of various functions like communication, navigation, management of multiple systems. However, various number of systems are fitted to aircraft to perform individual functions. This system has become the information backbone of aerospace systems which consists of micro-air vehicle and nano-satellite to jumbo jet and advanced spacecraft.
This technique encompasses components which the pilot directly makes use of, that comprises navigation, climate radar, and radio communication gadget. similarly, they also contain other electronic systems which are not directly used by the pilot that manage and display flight and engine performance. Avionics and aerospace systems lays on a single core processor. Operators are planning for multi-core or manycore processor to build their performance, as these systems become more complicated, their need in terms of computing power cannot be satisfied with a single core approach.
The extensive growth factors of this market include rising aircraft deliveries because of rising air passenger traffic will improve the industry growth. growing trend in modernization in aerospace field is another factor positively impacting the market growth. The modernization includes modern avionics which might be highly used in next generation transportation system released by a single European Sky ATM Research (SESAR), Europe and Federal Aviation Administration (FAA), U.S. Introduction to new participants in the industry will build the market growth.
The market is split into different segments like by subsystem, by fit, by platform, and by region. As per the segmentation the subsystem segment market is differentiated into Flight control & management system, communication, navigation & surveillance systems, monitoring/glass cockpit, electrical & emergency systems, inflight entertainment, and mission/tactical system. By fit market is differentiated into line-fit and retrofit. There are various platforms such as commercial, defense, and UAV.
Key Question Answered:
•What will be the market size in 2025 and at what rate it will grow?
•Who are the major key players in global avionics system market and what are their strategies?
•Which vertical industry is expected to show major growth?
•What segment and region will lead the market and why?
The major companies profiled in the report include: Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, and Garmin Ltd.
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