ALBANY, New York, March 06, 2017 - MarketResearchReports.biz has announced the addition of a report, titled “Global Commercial Aircraft Avionic Systems Market 2017-2021” to its offering. The in-depth study on the global commercial aircraft avionic systems provides a detailed analysis of the current market dynamics, emerging trends and opportunities, and market share and size of key application segments. The study evaluates major technological advancements, such as aircraft flight control systems that are expected to contribute significant revenue to the global market in the coming years.
The research analysis takes a closer look at various airspace modernization programs, which are expected to unlock exciting opportunities for the market players in the U.S. and Europe. Recent upgrades in various avionic systems for commercial airlines are analyzed in the study and their impact on competitive dynamics evaluated. The research study offers insights into the changes in regulatory framework and their influence on key offerings of manufacturers. The global market for commercial aircraft avionics systems is expected to rise at a CAGR of 6.39% from 2017 to 2021.
The global commercial aircraft avionic systems market is majorly driven by the increasing number of commercial aircrafts in operation and soaring demand for flight safety, coupled with the introduction of smart and automated flight control systems. The emergence of automatic ground collision avoidance system (Auto-GCAS) and synthetic vision avionics backbone (SVAB) system has spurred investment in the commercial aircraft avionic systems market. In addition, owing to significant enhanced regulatory flexibility, the market has witnessed a marked adoption of advanced avionics systems in commercial aircrafts. Furthermore, to augment safety features old aircrafts are opting for retrofit operations that will expectedly boost the global market.
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Recent technological advancements in avionic systems have led to the emergence of the SVAB with pre-installed databases and multiple advanced sensors, which offer pilots with integrated 3D environment. This has resulted in enhanced situational awareness of the pilots and ensures a better control of the aircraft. Furthermore, various airspace modernization programs in developed regions, such as the U.S. and Europe, make manufacturers mandatory for aircraft manufacturers to include safety features for various avionic systems in commercial airlines. This will open new revenue streams for the market players.
The report provides a detailed snapshot of the competitive dynamics in the global commercial aircraft avionic systems market. The market is fairly competitive and diversified with the presence of a numerous vendors across the globe. Prominent vendors are launching innovative product s, investing in in-house manufacturing capabilities, and pursuing R&D activities on the promising technologies to consolidate their market shares in major regions. Key market players extensively profiled in the report include Cobham plc, Honeywell International Inc., Rockwell Collins, and Thales Group.
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