The increasing air traffic and need for modernization of avionics systems to improve aircraft efficiency is driving the growth of the commercial avionics systems market globally. The growing demand for real time data acts as the prime driving factor for the growth of the commercial avionics systems. In addition, the demand for in-flight entertainment and connectivity for crews and passengers in growing worldwide, this is currently boosting the market for avionics in commercial airlines globally. Increasing investments for the adoption of advanced technology in order to develop enhanced avionics systems is also a prime factor of growth for the commercial avionics systems. Along with the forward-fit avionics for new aircrafts, the demand for retrofit avionics systems in old aircrafts is also increasing significantly among the major airlines, globally. Owing to the abovementioned factors, the global market for commercial avionics systems is growing at a significant pace.
Commercial Avionics Systems Market Information:
Based on segmentation by systems, the global commercial avionics systems market has been segmented into: integrated modular avionics, cockpit systems, cabin systems, navigation systems, communication systems, surveillance systems, flight control and emergency systems, electrical systems, central maintenance systems and avionics full duplex switched Ethernet among others. These systems operate under the control of the pilots and also in support of the ground based Air Traffic Control (ATC) to ensure maximum safety of aircrafts during flights.
The demand for communication systems segment is increasing globally at a high pace owing to their importance of enhanced connectivity between the aircraft and the air traffic control, as well as other aircrafts in air. Additionally, the integrated modular avionics and central maintenance systems are gaining importance among the airlines companies, owing to the requirement to ensure maximum efficiency and safety. Similarly, the segmentation based on aircraft type includes, fixed wings and rotary wings. The demand for avionics systems in the fixed wing aircrafts segment is estimated to be leading with the largest market share over the forecast period. However, the demand for avionics systems in rotary wings is also expected to grow considerably over the forecast period.
On the basis of geographical segmentation, the global market for commercial avionics systems has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW region comprises of Middle East and Africa (MEA) and South America. North America accounted to be the largest market for commercial avionics systems and is expected to continue its dominance throughout the forecast period from 2015 to 2021. Following North America, the commercial avionics market in Europe accounted for a significant market share in 2014 and is expected to maintain steady growth over the forecast period. However, Asia Pacific is estimated to be the fastest growing region in the commercial avionics systems market from 2015 to 2021. The countries such as China, India, Japan, South Korea and others are boosting the market demand for commercial avionics in the region.
Brochure Containing Details for Commercial Avionics Systems: http://bit.ly/1ZcbflX
The Rest of the World (RoW) region is currently growing a sluggish pace; however, the market for commercial avionics systems is expected to grow over the forecast period owing to the increasing air traffic in the region. The countries in Middle East are expected to offer growth opportunities for the commercial avionics systems market over the forecast period, owing to the increasing modernization and upgradation initiative being undertaken in the region. The report includes the market revenue of commercial avionics systems in 11 leading countries worldwide.
Key players in the global commercial avionics systems market are Rockwell Collins, Inc., Honeywell Aerospace, Thales Avionics, Panasonic Avionics Corporation, GE Aviation, Garmin Ltd., United Technologies Corporation, L-3 Avionics Systems, Avidyne Corporation and Universal Avionics System Corporation among others.