Significant Business Opportunities in Global Avionics Market

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Significant Business Opportunities in Global
Avionics Market

• 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.
• The avionics market has been segmented based on
  subsystem, fit,

platform, and International Technologies
region. Honeywell
Inc. (U.S.), Corporation
United (U.S.), Thales
Rockwell Collins, Inc. (U.S.),

• Group (France), and GE Aviation
• (U.K.), among others, are some of the
  manufacturers in this market. Contracts, new
  product launches, agreements, and acquisitions
  are the major strategies adopted by the key
  players in the avionics market.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id138098845 Target
  Audience for this Report
• Manufacturers of Avionics System
• Original Equipment Manufacturers (OEMs)
• Subcomponent Manufacturers
• Technology Support Providers
• System Integrators

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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 deve
lopments 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). Based
on subsystem, the avionics market has been
segmented into flight control management
system, communication, navigation surveillance
systems, monitoring/glass cockpit, electrical
emergency systems, inflight entertainment, and
mission/tactical system. The flight control
management system dominates the avionics market,
in terms of market size, and is expected to
continue its dominance over the next five years.
This segment is also projected to grow at the
highest CAGR during the forecast period. The key
factor driving the growth of flight control
management system segment is increasing
requirement of real-time flight plan information
sharing. Based on fit, the avionics market has
been segmented into line-fit and retrofit. The
line- fit segment dominates the avionics market,
in terms of market size. This segment is
expected to continue its dominance over the next
five years. However, the retrofit segment is
projected to grow at the highest CAGR during the
forecast period. Based on platform, the avionics
market has been segmented into commercial,
defense, and UAV. The defense segment dominates
the avionics market, in terms of market size,
and is expected to continue its dominance over
the next five years. However, the UAV segment is
projected to grow at the highest CAGR during the
forecast period. Key factors fueling the growth
of the UAV avionics market include increasing
demand for UAVs for
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commercial applications, advancements in
technologies of drone payloads, and increasing
defense budgets of emerging economies. North
America led the avionics market in 2016. The
North America avionics market has been studied
for the U.S. and Canada. The major factor for the
dominance of North America is the significant
investments by OEMs and component manufactures
in research and development of advanced
avionics. Dont miss out on business
opportunities in Avionics Market. Speak to our
analyst and gain crucial industry insights that
will help your business grow. About
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