Commercial Aircraft NextGen Avionics Market: Growth Analysis, Trends and Scope Till 2030

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Commercial Aircraft NextGen Avionics Market
The COVID-19 outbreak proved very drastic for a
variety of businesses and forced governments
across the globe to implement strict lockdowns
and led to social distancing being made mandatory
to contain the spread of the virus. As a result,
people started avoiding visiting places, and the
demand for any means of transportation, including
air travel, observed a huge decline in 2020. As a
result, thousands of airplanes were grounded
worldwide, and the industry witnessed a huge
slump in revenues. The aviation sector is
expected to witness significant losses in the
current year, 2021 owing to the uncontrolled
situation of the pandemic across several parts
globally. The losses witnessed by the aviation
sector have impacted the adoption of innovative
technologies such as AI in avionics systems.
Airports and airlines suffered to a large scale
by the pandemic that stopped the companies and
authorities to invest in advanced nextgen
avionics systems.
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Commercial Aircraft NextGen Avionics Market
The global commercial aircraft nextgen avionics
market was valued at 4,420.0 million in 2020 and
is projected to reach 9,150.5 million in 2030,
registering a CAGR of 8.3.   The avionics
equipment elements of nextgen avionics have been
defined in North America through efforts led by
the Federal Aviation Administration (FAA) and
Radio Technical Commission for Aeronautics
(RTCA). They include leveraging existing aircraft
capabilities, such as GPS/WAAS, localizer
performance with vertical guidance (LPV), area
navigation (RNAV) and terminal required
navigation performance (RNP), vertical navigation
(VNAV) and flight information system broadcast
(FIS-B), as well as increased use of portable or
installed electronic flight bags (EFBs).
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Commercial Aircraft NextGen Avionics Market

• Key Benefits For Stakeholders
• This study presents analytical depiction of the
  global commercial aircraft nextgen avionics
  market analysis along with current trends and
  future estimations to depict imminent investment
  pockets.
• The overall commercial aircraft nextgen avionics
  market opportunity is determined by understanding
  profitable trends to gain a stronger foothold.
• The report presents information related to key
  drivers, restraints, and opportunities of the
  global commercial aircraft nextgen avionics
  market with a detailed impact analysis.
• The current commercial aircraft nextgen avionics
  market is quantitatively analyzed from 2020 to
  2030 to benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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Commercial Aircraft NextGen Avionics Market

• Major Companies
• BAE Systems PLC
• Cobham Limited
• Curtiss-Wright
• General Electric Company
• Honeywell International Inc.
• L3Harris Technologies Inc.
• Raytheon Technologies Corporation
• Safran
• Teledyne Technologies Incorporated
• Thales Group

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Commercial Aircraft NextGen Avionics Market
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