Commercial avionics systems are the electronic systems used on a commercial aircraft for navigation, monitoring, and other functions. The growing adoption of next-generation flight management systems is one of the major factors driving the growth of the commercial avionics system market. The commercial avionics system market is highly competitive owing to the presence of some of the well-established players operating in the commercial avionics system market.
MARKET DYNAMICS
The mandate for automatic dependent surveillance and growth in retrofit aircraft market are the major factors supporting the growth of the commercial avionics system market. However, the growing vulnerability of the avionics systems to the cyberattacks might hinder the growth of the commercial avionics system market. The implementation of ACAS in general aviation aircraft is creating lucrative business opportunities for the companies operating in the market. North America is expected to hold a significant share of the commercial avionics system market owing to the growing demand for commercial aircraft for different applications in the region.
MARKET SCOPE
The "Global Commercial Avionics System Market Analysis to 2028" is a specialized and in-depth study of the commercial avionics system market with a special focus on the global market trend analysis. The report aims to provide an overview of commercial avionics system market with detailed market segmentation by system, aircraft type, and geography. The global commercial avionics system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial avionics system market players and offers key trends and opportunities in the commercial avionics system market.
MARKET SEGMENTATION
The global commercial avionics system market is segmented on the basis of system and aircraft type. Based on system, the market is segmented as hardware and software. On the basis of aircraft type, the market is segmented as civil aviation aircraft and business aviation aircraft.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global commercial avionics system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial avionics system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting commercial avionics system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces Analysis.
MARKET PLAYERS
The reports cover key developments in the commercial avionics system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from commercial avionics system market are anticipated to lucrative growth opportunities in the future with the rising demand for commercial avionics system market. Below mentioned is the list of few companies engaged in the commercial avionics system market.
The report also includes the profiles of key commercial avionics system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BAE Systems
- Cobham Limited
- GE Aviation
- Honeywell International Inc.
- Kontron Sandt AG
- Meggitt PLC
- Safran
- Teledyne Controls LLC
- Thales Group
- Universal Avionics Systems Corporation, An Elbit Systems Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.