Commercial Aircraft NextGen Avionics Market size is expected to grow at a CAGR of 8.3% from 2021 to 2027 - PowerPoint PPT Presentation

About This Presentation
Title:

Commercial Aircraft NextGen Avionics Market size is expected to grow at a CAGR of 8.3% from 2021 to 2027

Description:

The global commercial aircraft nextgen avionics market size is expected to grow from USD 1,531.6 million in 2020 to USD 4,103.6 million by 2027, at a CAGR of 8.3% from 2021 to 2027. The Federal Aviation Administration and the Radio Technical Commission for Aeronautics have defined NextGen avionics' equipment aspects in North America. They include increased use of portable or installed electronic flight bags and leveraging existing aircraft capabilities such as WAAS/ GPS, localizer performance with vertical guidance, area navigation and terminal required navigation performance, vertical navigation, and flight information system broadcast. The new aircraft equipment capabilities targeted are data communications via flight management system integration, global navigation satellite system, landing systems, automatic dependent surveillance-broadcast, and traffic information service – broadcast for aircraft without traffic collision avoidance systems. – PowerPoint PPT presentation

Number of Views:2
Date added: 15 November 2022
Slides: 15
Provided by: vipinmsg
Category:
Tags:

less

Transcript and Presenter's Notes

Title: Commercial Aircraft NextGen Avionics Market size is expected to grow at a CAGR of 8.3% from 2021 to 2027


1
Market Research Report EXCLUSIVE EDITION
Global Commercial Aircraft NextGen Avionics
Market Report Opportunities, and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
2022-2030
Slalsville Consulling Píivale
Limiled www.maíkelslalsville.com
sales_at_maíkelslalsville.com 1 (646) 663-5829
91-702-496-8807
2
Commercial Aircraft NextGen Avionics Market
2020 Statsville Consulting Private Limited
Market Statsville Group (MSG) A part of
Statsville Consulting Private Limited American
Office 800 Third Avenue Suite A 1519 New
York, NY 10022 EMEA 1165 Budapest 16 Diósy
Lajos u. 24., Europe Asia-Pacific Office F-178
Subhash Marg C Scheme, Ashok Nagar, Jaipur,
Rajasthan, 302001 www.marketstatsville.com Discla
imer Any information and/or material provided by
Statsville Consulting Private Limited, including
any and all the analysis and/or research from
Market Statsville Group (MSG), is offered to a
selected group of customers in response to orders
for such information, material, analysis, and/or
research. As a customer of Statsville Consulting,
you acknowledge that our information, material,
and/or services are for your internal use only,
and not for any external use and/or
dissemination, or general publication, and/or
disclosure to any third parties. Any and all the
information and/or material provided by
Statsville Consulting are based on primary
interviews and/or secondary research, and are,
therefore, subject to fluctuation and variance.
Statsville Consulting takes no responsibility
for any incorrect information and/or material
supplied to us by sources we rely on, and no part
of our analysis or research may be given, lent,
resold, or disclosed to any third parties,
including non-customers, without explicit or
written permission from Statsville Consulting.
Unauthorized reproduction and/or transmission of
our information, material, analysis, and/or
research in any form and by any means, including
photocopying, mechanical/electronic recording,
or otherwise, without the explicit and written
permission of Statsville Consulting, is expressly
and clearly prohibited. Any use of the
information, material, analysis, and/or research
provided by Statsville Consulting is at your sole
risk you acknowledge that the information,
material, analysis, and/or research is provided
as is and that Statsville Consulting provides
no warranty of any kind, express or implied, with
regard to the information, material, analysis,
and/or research, including but not limited to,
merchantability and fitness for any purpose
and/or use. At the end, Statsville Consulting
will be responsible for the final decision of any
action.
www.maíkelslalsville.com
3
ABOUT MARKET STATSVILLE GROUP (MSG)
Market Statsville Group (MSG) partners with
companies and society to confront their essential
risks and challenges to capture the enormous
opportunities for them. MSG was initiated its
working in 2017, and since then, the brand is
moving to become a pioneer in business advisory
and market research services. Market Statsville
is the leading market research and strategy
builder with the depth and breadth of solutions
that perfectly suit your every need. MSG
provides solutions in a wide range of industry
verticals in the form of market sizing, analysis,
and incisive business insights. MSG experienced
research analysts are proficient at digging deep
and providing a variety of customizable data that
help you make decisions with clarity,
confidence, and impact. Market Statsville is your
global data intelligence partner for reliable
market research data, data gathering, and
analytical services. MSG also has an extensive
network of top-flight domestic and global
research personals around the world, enabling us
to provide high-quality worldwide research
solutions that cater to a well-established
company, government organizations, or a startup.
MSG's clients have the authority to work
directly with one or more of our researchers to
gather the most useful data knowledge and
analytical plan to formulate it in the actual
practice. Market Statsville Group believes that
to succeed, companies or individuals must blend
digital and human capabilities most efficiently.
MSG diverse and experienced global team of
business consultants and market researchers will
ensure the valuable reports for our clients
through digging in-depth market information and
functional expertise to continuously spark the
changes and real-time valuation of variation in
the market/industry. MSG works in a uniquely
collaborative model throughout the business
process across the globe to assist the client's
company with the most accurate information that
they are aiming for in the reports.
www.maíkelslalsville.com
4
RESEARCH PROCESS
Our research is an optimum culmination of
secondary and primary research, with the latter
playing a major role. We also have an in-house
repository and access to a number of external
regional and global paid databases to help
address specific requirements of our clients. The
research process begins with a holistic
secondary research, followed by expert
interviews. The information gathered is then
comprehensively analyzed by our highly
experienced in-house research panel
www.maíkelslalsville.com
5
Commercial Aircraft NextGen Avionics Market Share
2022 COVID-19 Impact and Regional Outlook 2030
Commercial Aircraft NextGen Avionics Market by
System (Flight Management System, Communication
System, Electric and Navigation System), by
Installation Stage (Forward Fit and Retrofit),
by Aircraft Type, by Region Global Share and
Forecast to 2027 Description The global
commercial aircraft nextgen avionics market size
is expected to grow from USD 1,531.6 million in
2020 to USD 4,103.6 million by 2027, at a CAGR of
8.3 from 2021 to 2027. The Federal Aviation
Administration and the Radio Technical Commission
for Aeronautics have defined NextGen avionics'
equipment aspects in North America. They include
increased use of portable or installed
electronic flight bags and leveraging existing
aircraft capabilities such as WAAS/ GPS,
localizer performance with vertical guidance,
area navigation and terminal required navigation
performance, vertical navigation, and flight
information system broadcast. The new aircraft
equipment capabilities targeted are data
communications via flight management system
integration, global navigation satellite system,
landing systems, automatic dependent
surveillance-broadcast, and traffic information
service broadcast for aircraft without traffic
collision avoidance systems.
www.maíkelslalsville.com
6
The use of data in the aviation sector to make
critical flying choices is rapidly growing. The
latest aircraft designs, adopted by new aircraft
fleets, are equipped with technology that allows
for excellent data collection and transmission.
The latest generation of aircraft produces a huge
amount of data through thousands of sensors and
advanced digitalized systems. In response to the
advancement of NextGen avionics, certain major
aerospace companies have used various techniques
to succeed in the market throughout the years.
For example, to gain traction in the market,
Curtiss-Wright used agreement, contract, and
product launch as key developmental strategies
Honeywell International Inc. used agreement,
partnership, and product launch and Raytheon
Technologies Corporation used to contract,
agreement, investment, and product development
as key developmental strategies. The growing
endeavor by global companies to produce more
dependable and efficient avionics systems is
likely to increase the worldwide commercial
aircraft NextGen avionics market during the
forecast period. Request Sample Copy of this
Report https//www.marketstatsville.com/request-
sample/commercial-aircraft-nextgen-avionics-market
COVID-19 Impact on the Global Commercial
Aircraft NextGen Avionics In December 2019, cases
of pneumonia with unknown ethology were found in
Wuhan city, China. It was observed that initial
patients visited some wet seafood markets where
other wildlife species were also sold. Molecular
analysis and isolation of the virus from human
patients unveiled that this new pathogen was a
new coronavirus, first named 2019-nCoV and later
named COVID-19 by the World Health Organization
(WHO). SARS-CoV-2 is the seventh coronavirus
known to infect humans.
www.maíkelslalsville.com
6
7
The novel SARS-CoV-2 coronavirus (COVID-19) that
emerged in Wuhan, China, in December 2019 has
since caused a large-scale COVID-19 epidemic and
spread to more than 218 other countries.
Attributed to international travel, the virus
spread from Wuhan, China, to the rest of the
countries in the world, with more than 59,653,413
people being infected with 1,404,725 deaths
across 218 countries and territories (according
to data provided by the World Health
Organization (WHO), as of November 24th,
2020). Global Commercial Aircraft NextGen
Avionics Market Dynamics Drivers Initiatives by
government administrations to make aerospace
safer and more efficient FAA produces new unified
systems that primarily change and enhance
navigation, communications, and surveillance in
the National Airspace System. In terms of
communication, aircraft will obtain dynamic and
intricate commands from ground systems that can
detect the aircrafts exact location and time in
a modernized NAS. Navigation-wise, the FAA has
switched to a satellite-enabled navigation system
that is more accurate than conventional
ground-based navigation supports. The continuing
implementation of NextGen offers air traffic
controllers the precise position of aircraft and
a clear vision of immediate surroundings,
including weather conditions and other aircraft.
www.maíkelslalsville.com
7
8
With improvement in these three essential areas,
NextGen considerably improves the overall
efficiency, capacity, performance, and
predictability throughout the NAS. The
implementation of NextGen would require the
improvement of avionics systems that will enable
integrate of commercial space operations, data
communications and enhance decision support
software applications, among other
developments. Restraints Cybersecurity issues
with NextGen avionics systems Modern airplanes
are fitted with systems and networks that
exchange data with air-traffic controllers,
maintenance crews, pilots, passengers, and other
aircraft, in a manner that was not earlier
possible. Thus, if the electronic systems are not
aptly secured, they could expose themselves to
the risks of a wide range of possible
cyberattacks. Vulnerabilities could occur for
several reasons not applying patches to
commercial software, outdated systems on
outdated airplanes, malicious software uploads,
flight data spoofing, and insecure supply
chains. Wide-ranging cybersecurity controls were
executed, and there have not been any instances
of cyberattacks on an aircrafts avionics
systems. Still, increasing linkage amongst
airplanes and other systems and the developing
cyber threat landscape could result in growing
risks for future aircraft security.
www.maíkelslalsville.com
8
9
Opportunities Increase in air passenger traffic
across the globe According to International Civil
Aviation Organizations yearly worldwide
statistics, the total number of commuters
carried on scheduled flights rose to 4.38 billion
in 2019, which was 3.65 higher than the
previous year. The most increased passenger
traffic was witnessed in the Asia-Pacific
region. In October 2018, the International Air
Transport Association publicized that current
air transport projects could double the passenger
count to 8.2 billion in 2037. The COVID-19
pandemic led to a severe downfall in air traffic
figures. However, recently, in May 2021, the IATA
stated that the global air passenger traffic is
anticipated to recover to almost 88 of
pre-COVID-19 levels during 2022 and is projected
to outdo this level in 2023. This signifies a
robust demand for air travel globally. This rise
in air passenger traffic is expected to result in
the procurement of new aircraft on a large scale
across the world, which is expected to generate
huge demand for the whole supply chain of the
aircraft, including avionic components. Moreover,
with the announcement by the FAA and European
Union Aviation Safety Agency regarding the
upgrade of avionics components, new aircraft must
be installed with NextGen avionics. This is
expected to lead to significant growth of the
global commercial aircraft NextGen avionics
market during the forecast timeline.
www.maíkelslalsville.com
10
  • Scope of the Report
  • The study categorizes the commercial aircraft
    nextgen avionics market based on system,
    installation stage, and aircraft type at the
    regional and global levels.
  • Direct Purchase
  • Report https//www.marketstatsville.com/buy-
    now/commercial-aircraft-nextgen-avionics-
    market?opt2950
  • By System Outlook (Sales/Revenue, USD Million,
    2017-2027)
  • Flight Management System
  • Communication System
  • Electric and Navigation System
  • Surveillance and Emergency System
  • Collision Avoidance System
  • Weather System
  • Others
  • By Installation Stage Outlook (Sales/Revenue, USD
  • Million, 2017-2027)
  • Forward Fit
  • Retrofit

www.maíkelslalsville.com
11
  • By Aircraft Type Outlook (Sales/Revenue, USD
    Million,
  • 2017-2027)
  • Narrow Body
  • Wide Body
  • By Region Outlook (Sales/Revenue, USD Million,
    2017- 2027)
  • North America (US, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru,
    Rest of
  • Latin America)
  • Europe (Germany, Italy, France, UK, Spain,
    Poland, Russia, Slovenia, Slovakia, Hungary,
    Czech Republic, Belgium, the Netherlands,
    Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea,
    Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
    Cambodia, the Philippines, Singapore, Australia
    New Zealand, Rest of Asia Pacific)
  • The Middle East Africa (Saudi Arabia, UAE,
    South Africa, Northern Africa, Rest of MEA)
  • Access full Report Description, TOC, Table of
    Figure, Chart, etc https//www.marketstatsville.
    com/table- of-content/commercial-aircraft-nextgen
    -avionics- market

www.maíkelslalsville.com
12
By system, the communication system segment is
projected to account for the largest market
share On the basis of system, the global
commercial aircraft NextGen avionics market is
segmented into the flight management system,
electric and navigation system, surveillance and
emergency system, communication system, collision
avoidance system, weather system, and others.
The communication system segment was the highest
contributor, with 24.0 of the market share in
2020. A communication system enables the
exchange of data through a system of automated
ground stations integrating internal computers.
An increasing number of airports have installed
data communication capabilities developed under
Federal Aviation Administrations NextGen
upgrading initiative, which permits text-based
supplementary communications systems for aircraft
air traffic controllers and pilots. The
next-generation technology supports radio voice
communication, allowing pilots and controllers to
convey vital data, such as revised flight plans,
clearances, and advisories, with just the touch
of a button. The growing demand for improved
communication systems is anticipated to drive
the growth of this segment during the forecast
timeframe.
www.maíkelslalsville.com
13
Asia Pacific accounts for the highest CAGR during
the forecast period Based on the regions, the
global commercial aircraft nextgen avionics
market has been segmented across North America,
Asia-Pacific, Europe, South America, and the
Middle East Africa. Globally, Asia Pacific is
estimated to hold the highest CAGR of 10.0 in
the global commercial aircraft nextgen avionics
market during the forecast period. The Asia-
Pacific region includes China, India, Japan,
South Korea, and the rest of Asia-Pacific. The
growing air traffic in Asia-Pacific, together
with rising demand for modernization and
enhancement of existing aircraft infrastructure
in the region, is expected to offer lucrative
opportunities for the growth of the commercial
aircraft NextGen avionics market in the region
during the forecast period. Request For
Report Description https//www.marketstatsville.c
om/commercial-aircraft- nextgen-avionics-market
www.maíkelslalsville.com
14
lhank You
Maíkel Slalsville Gíoup (MSG)
F-178 Subhash Maíg C Scheme, Ashok Nagaí,
Jaipuí, Rajaslhan, 302001 Phone 91 702 496
8807 Mail sales_at_maíkelslalsville.com
800 lhiíd Avenue Suile A 1519 New Yoík, NY
10022 Phone 1 (646) 663-5829 Mail
sales_at_maíkelslalsville.com
Write a Comment
User Comments (0)
About PowerShow.com