DALLAS, May 18, 2015 /PRNewswire/ --
According to the new market research report "Glass Cockpit for Aerospace Market by Aircraft Type (Cargo, Fighter, Helicopter, Air Transport, Trainer, General Aviation, & Business Jet), Display Type (PFD, MFD, Backup, & Mission), Display Size, & Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, the Glass Cockpit Market is estimated to grow at a CAGR of 2.2% in terms of value expecting to reach $1,818.7 Million by 2020 and 5.3% in terms of volume from 2014 to 2020, which includes an in-depth analysis of the aircraft types, display types, sizes, and geography.
Browse 81 market data Tables and 110 Figures spread through 175 Pages and in-depth TOC on "Glass Cockpit Market".
Early buyers will receive 10% customization on this report.
This market is expected to reach $1,818.7 Million by 2020, growing at a CAGR of 2.2% from 2014 to 2020.
Glass cockpit displays have a huge potential in the aerospace market as they are used in various types of aircraft. These displays are a prominent technology in the aerospace industry. Factors such as light weight with increased functionalities and better accuracy; enhanced safety, situational awareness, and efficiency; and automation of the flight controls are driving the growth of the glass cockpit displays market.
The report describes the market trends, drivers, and challenges with respect to the Glass Cockpit Market and forecasts the market till 2020. This global report gives a detailed view of the market across four regions, namely the Americas, Europe, the APAC, and RoW. The Americas and Europe are the largest regions in terms of market value. However, APAC has been identified as the fastest-growing region. The report profiles the 12 most promising players in the glass cockpit displays market.
The competitive landscape of the market presents an interesting picture, wherein market players from the OEM block of the Glass Cockpit Market value chain has gotten together to become a force to reckon with. The market is witnessing large scale contracts and new product launches across the value chain with a number of tier one players around the globe.
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Major players in Glass Cockpit Market include Aspen Avionics, Inc. (U.S.), Avidyne Corporation (U.S.), Dynon Avionics (U.S.), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (U.S.), Garmin Ltd. (Switzerland), Honeywell Aerospace, Inc. (U.S.), L-3 Communication Holdings, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Thales SA (France), and Universal Avionics Systems Corporation (U.S.).
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