Avionics Market worth $92.85 Billion by 2022

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Avionics Market worth 92.85 Billion by 2022
The report "Avionics Market by Sub-System (CNS,
FCS, FMS, IFE, Monitoring/ Glass Cockpit System,
Military Tactical System, Electrical
Emergency System), Fit (Line-Fit, Retrofit),
Platform (Commercial, Defense, UAV) and Region -
Global Forecast to 2022", The Avionics Market is
projected to grow from USD 62.22 Billion in 2016
to USD 92.85 Billion by 2022, at a CAGR of 6.90
from 2016 to 2022 during the forecast
period. Download Sample of this
Report https//www.marketsandmarkets.com/requests
ample.asp?id138098845 Browse 59 market data
tables and 76 figures spread through 167 pages
and in-depth TOC on "Avionics Market" Early
buyers will receive 10 customization on this
report. The increasing number of aircraft
deliveries, rise in military aircraft spending
by emerging economies, growing trend of
modernization of airspace, and growth of the
general aviation avionics retrofit market are the
major factors expected to drive the growth of
the avionics market. In the coming years, the
avionics market is expected to witness various
technological developments in communication,
navigation surveillance systems flight
control management systems mission/tactical
systems and electrical emergency systems.
Advancements are expected in avionics subsystems
such as the enhanced vision system (EVS),
automatic dependent surveillance- broadcast
(ADS-B), and automated flight control, and
attitude heading reference system (AHRS). The
flight control management system segment is
projected to witness the highest growth during
the forecast period Based on subsystem, the
flight control management system segment of the
avionics market is projected to witness the
highest growth during the forecast period. The
aircraft flight control systems can be
classified into mechanical, hydro-mechanical,
fly-by-wire, and fly-by-light. The current
generation aircraft utilize the fly-by-wire
(FBW) control systems which have helped
significantly reduce the weight of aircraft and
its maintenance costs. Flight management system
(FMS) is one of the most fundamental components
of an aircraft because it serves as the primary
interface for the pilot and enables flight
planning operations.
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The retrofit segment is projected to witness the
highest growth during the forecast period Based
on fit, the retrofit segment is projected to
witness the highest growth during the forecast
period. The growth in the retrofit segment is
influenced by the increase in the retrofit of
business and general aviation avionics. Asia-Paci
fic is projected to be the fastest-growing market
for avionics during the forecast
period Asia-Pacific is projected to be the
fastest-growing market for avionics during the
forecast period. This growth can be attributed
to the high air passenger traffic leading to an
increase in the number of aircraft deliveries in
this region. Key players operating in the
avionics market are Honeywell International Inc.
(U.S.), Rockwell Collins, Inc. (U.S.), Esterline
Technologies Corporation (U.S.), Astronics
Corporation (U.S.), L-3 Communications Holding
Inc. (U.S.), Genesys Aerosystems (U.S.), Aspen
Avionics (U.S.), Avidyne Corporation (U.S.), and
Garmin Ltd. (Switzerland). Inquiry before
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