Avionics Market to Grow with Increasing Demand for Intelligent Fleet Management Systems: Fortune Business Insights™ - PowerPoint PPT Presentation

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Avionics Market to Grow with Increasing Demand for Intelligent Fleet Management Systems: Fortune Business Insights™

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Avionics Market to Gain Traction; US Air Force Awards $437 Million Contract to GE to Implement Next-generation Adaptive Propulsion Systems: Fortune Business Insights™ – PowerPoint PPT presentation

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Title: Avionics Market to Grow with Increasing Demand for Intelligent Fleet Management Systems: Fortune Business Insights™


1
  • Title 1 Global Avionics Market to Grow with
    Increasing Demand for Intelligent Fleet
    Management Systems Fortune Business Insights
  • Title 2 Global Avionics Market to Expand as
    Demand for Business Jets and Commercial
    Helicopters Gathers Momentum Fortune Business
    Insights
  • Title 3 Global Avionics Market to Gain Traction
    US Air Force Awards 437 Million Contract to GE
    to Implement Next-generation Adaptive Propulsion
    Systems Fortune Business Insights
  • Title 4 Global Avionics Market to Benefit as
    Consumers Show Greater Willingness to Spend on
    Air Travel Pune, India, 31st December 2019
  • Avionics Market Size, Share, Trends, Research
    Report 2020-2026
  • Increasing demand for aircraft worldwide will
    plausibly emerge as the central factor driving
    the global avionics market growth in the
    approaching decade. The world economy is
    progressing at a formidable rate, as per the
    statistics released by the International Monetary
    Fund. Rising incomes are likely to fuel the
    demand for air travel worldwide. According to the
    International Air Transport Association (IATA),
    by 2037, air travel passenger number will double
    from current level to reach 8.2 billion.
    Asia-Pacific will account for majority of this
    surge, with China slated to dethrone the US as
    the worlds largest aviation hub. Moreover,
    increasing air traffic will create close to 100
    million jobs, the IATA states. Accomplishing the
    mammoth task of managing this soaring number of
    aircraft will necessitate the deployment of
    smart, new-age solutions in the aviation
    industry, generating the demand for avionics.
  • Browse Report Summary
  • https//www.fortunebusinessinsights.com/industry-r
    eports/avionics-market-101819
  • List of Prominent Players Identified in the
    Avionics Market Report
  • Cobham
  • Curtiss-Wright
  • Thales
  • Teledyne Technologies
  • Honeywell
  • Garmin
  • Meggitt
  • L3 Technologies

2
  • Platform (Helicopters, Business Jets, Commercial,
    Defense), By End-user (Original equipment
    manufacturer, Aftermarket) and Regional Forecast,
    2019-2026, shares the following
  • In-depth study of the market segments
  • Careful evaluation of the market restraints
  • Detailed assessment of the regional developments
    and competitive dynamics of the market and
  • 360-degree analysis of the various factors and
    drivers shaping the size, share, and growth of
    the market.
  • Growing Applicability of Data Analytics in
    Aviation to Fuel the Market
  • Prominent among the avionics market trends is the
    widening range of applications of data analytics
    solutions in flight management. For instance,
    predictive analysis could help the maintenance
    crew to accurately identify the problem areas in
    an aircraft and resolve as effectively as
    possible. Weather information can be used more
    skilfully to alter flightpaths during inclement
    conditions.
  • Furthermore, advanced avionic systems can aid in
    significantly enhancing a passengers travel
    experience. For example, Miami International
    Airport launched a Big Data-powered app that
    passengers can use for accessing the necessary
    flight information and support and enrich their
    real-time travel experience. Another example is
    the tie-up between United Airline and Amazon
    under which the airliner employed the AI
    assistant, Alexa, to manage the entire flight
    experience of passengers. These advantages of
    data analytics will considerably expand the
    avionics market size.
  • Asia-Pacific to Exhibit Highest CAGR North
    America to Lead the Pack
  • Among regions, North America is projected to
    dominate the avionics market share owing to the
    gradual escalation in the number of aircraft
    deliveries in the region. Besides this, presence
    of leading market players, increasing RD
    investment by OEMs, and ready adoption of
    intelligent software in aviation will drive the
    market in North America. On the other hand,
    Asia-Pacific will surge at an impressive CAGR on
    account of rising demand for Low Cost Carriers
    (LCCs), expanding aviation industry, and
    government policies promoting domestic air
    travel in India and China.
  • Request a Sample Copy of the Market Research
    Report
  • https//www.fortunebusinessinsights.com/enquiry/re
    quest-sample-pdf/avionics-market-101819

3
  • avionics in Embraers Praetor 500 midsize and
    Praetor 600 super-midsize business jets. The
    system will feature 15-inch LCDs which will
    provide pilots with an extensive range of
    information.
  • September 2018 Heliconia of Morocco, Caverton of
    Nigeria, and Titan Helicopters of South Africa,
    the top helicopter operators in Africa, selected
    Honeywell Internationals Avionics Protection
    Plan. The maintenance service plan will enable
    the operators to reduce their maintenance costs
    arising from unforeseen situations and better
    manage their annual maintenance budgets.
  • Have Any Query? Ask Our Experts
  • https//www.fortunebusinessinsights.com/enquiry/sp
    eak-to-analyst/avionics-market-101819
  • About Us
  • Fortune Business Insights offers expert
    corporate analysis and accurate data, helping
    organizations of all sizes make timely
    decisions. We tailor innovative solutions for our
    clients, assisting them address challenges
    distinct to their businesses. Our goal is to
    empower our clients with holistic market
    intelligence, giving a granular overview of the
    market they are operating in.
  • Our reports contain a unique mix of tangible
    insights and qualitative analysis to help
    companies achieve sustainable growth. Our team
    of experienced analysts and consultants use
    industry-leading research tools and techniques
    to compile comprehensive market studies,
    interspersed with relevant data.
  • At Fortune Business Insights, we aim at
    highlighting the most lucrative growth
    opportunities for our clients. We therefore
    offer recommendations, making it easier for them
    to navigate through technological and
    market-related changes. Our consulting services
    are designed to help organizations identify
    hidden opportunities and understand prevailing
    competitive challenges.
  • Contact Us
  • Fortune Business Insights Pvt. Ltd. 308,
    Supreme Headquarters, Survey No. 36, Baner,
  • Pune-Bangalore Highway,
  • Pune - 411045, Maharashtra, India.

4
Shantanu Ayachit is part of a talented team of
content writers working in Fortune Business
Insights, one of the most promising market
research firms in the industry. He has experience
in developing quality content and is currently
involved in writing articles, press releases, and
blogs for the company. He is highly motivated
and enjoys putting ideas and thoughts into words
to enable the reader to experience a seamless
perusal.
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