Global Commercial Aircraft Avionic Systems Markets to 2023 - ResearchAndMarkets.com
Sep. 12, 2018
DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The "Global Commercial Aircraft Avionic Systems Market - Segmented by Aircraft Type, Subsystem, Fit and Geography - Forecast And Global Analysis (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market for commercial aircraft avionics systems is projected to grow at a CAGR of 5.55% during the forecast period.
In-flight aircraft warning, navigation and control systems are gaining acceptance and popularity in the regions with increasing air traffic and aging ground-based infrastructure.
The market for aircraft avionics system is expected to grow faster with new technologies in advanced avionics made available for commercial aviation.
The aviation industry is currently under an expansion process to accommodate the new additional traffic since most ground based systems at airports have already reached their limit of handling traffic. An increase of an additional 4 billion passengers, annually, is seen in the future and the present airport ground control systems are not equipped to handle this influx. Avionics installed in the aircraft is the only possible affordable solution to keep up with this fast-paced growth.
The commercial aviation market would need 11,000 new aircraft to handle the growing traffic by 2020, and hence 11,000 new avionics systems. Most of these systems will be for narrow body aircraft followed by wide-body and regional jets.
The market demand for very large body aircraft - A380, B777, is limited, yet the demand for these aircraft is expected to reach at least 400 by 2020.
Key Market DevelopmentsEsterline Cooperation showcased its cockpit avionics displays and high-reliability Human Machine Interface (HMI) products for aerospace and defence during Paris International Airshow. Universal Avionics and Heli-One have announced cockpit upgrades to the fleet of Sikorsky S-61A-4 NURI helicopters for an Asian operator, featuring Universal's EFI-890H Advanced Flight Displays and Multi-Missions Management System (MMMS).
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Commercial Aircraft Avionic Systems Market, Segmented by Aircraft Type
6. Commercial Aircraft Avionic Systems Market, Segmented by Subsystem
7. Commercial Aircraft Avionic Systems Market, Segmented by Fit
8. Commercial Aircraft Avionic Systems Market, Segmented by Geography
9. Competitive Landscape
10. Company ProfilesHoneywell International Inc. Rockwell Collins Inc. Thales S.A. BAE Systems PLC Cobham PLC Esterline Technologies Corporation General Electric Company L-3 Communications Holdings Inc. United Technology Corporation Universal Avionics Systems Corporation Panasonic Avionics Corporation Teledyne Technologies Inc. Garmin Ltd. Diehl Aerospace
For more information about this report visit https://www.researchandmarkets.com/research/zb79jm/global_commercial?w=4
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Related Topics:Avionics ,Aircraft
INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/12/2018 07:58 AM/DISC: 09/12/2018 07:58 AM