Commercial Avionics Systems Market 2014-2020 with Honeywell International, Thales, Rockwell Collins, United Technologies & GE Aviation Dominating the $15 Billion Industry
DUBLIN, Sept. 10, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/h7zsvw/commercial) has announced the addition of the "Commercial Avionics Systems Market by Sub-systems, by Platform and by Geography - Forecast & Analysis (2014 - 2020) " report to their offering.
The commercial avionics systems market was estimated at $15.74 Billion in 2014 and is projected to register a CAGR of 7.06% to reach $23.71 Billion by 2020.
Avionics play a vital role in an aircraft to transmit data for purposes, such as communication, monitoring, and navigation. Avionics systems are those electronic systems that are responsible for carrying out individual functions for aircraft operations. They include all systems fitted in the cockpit of the aircraft, such as control, navigation, monitoring, communication, weather, and anti-collision systems. It is not easy to set up avionics systems as it takes at least a year to develop a system and a few more years to test it and get the required certifications. This is also one of the major obstacles of this capital-intensive market.
This report describes the analysis and forecast of the commercial avionics systems market. It is segmented on the basis of platform, sub-systems, and geography. The report highlights the factors driving the market, along with the restraints. It addition to this, it contains a brief about the recent technologies, market & industry trends.
The commercial avionics systems market covers five major systems, namely, Flight Control Systems, Communication, Navigation & Surveillance systems, Flight Management Systems, Health Monitoring Systems, and Aircraft Electrical & Emergency Systems. Adjacent to this, the geographical analysis embodies the market forecast of the major regions, which include North America, Europe, APAC, and Rest of the World; amongst which, North America and Europe are currently dominating the market while the APAC market is expected to grow at the highest CAGR by 2020.
The report offers the leading competitors in the commercial avionics systems market the general overview of companies, and also provides their financial position, key products, and market sizes.
The increase in aircraft orders and deliveries and need for real-time data are major drivers of the commercial avionics systems market. The challenges faced in this market include training for pilots and adherence to the mandatory certifications.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Commercial Avionics Systems Market, By Platform
8 Commercial Avionics Systems Market, By Sub-Systems
9 Commercial Avionics Systems Market, Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Cobham PLC.
- Curtiss-Wright Corporation
- Esterline Technologies Corporation
- GE Avaition
- Garmin, Ltd.
- Honeywell International, Inc.
- Jeppesen
- L-3 Communications Holdings, Inc.
- Meggitt PLC
- Panasonic Avionics Corporation
- Rockwell Collins, Inc.
- Teledyne Technologies, Inc.
- Thales Group
- United Technologies Corporation
- Universal Avionics System Corporation
- Zodiac Aerospace SA
For more information visit http://www.researchandmarkets.com/research/h7zsvw/commercial
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
Share this article