Global Commercial Aircraft Avionic Systems Market 2024-2028
The commercial aircraft avionic systems market is forecasted to grow by USD 3624.5 mn during 2023-2028, accelerating at a CAGR of 1.68% during the forecast period. The report on the commercial aircraft avionic systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for commercial aircraft, development of technologically advanced next-generation aircraft components, and lower operational and maintenance cost and better safety due to integration of advanced electronic technologies.
Technavio's commercial aircraft avionic systems market is segmented as below:
By Application
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the preference for satellite-based cockpit connectivity as one of the prime reasons driving the commercial aircraft avionic systems market growth during the next few years. Also, development of electric aircraft and emergence of blockchain in aviation will lead to sizable demand in the market.
The report on the commercial aircraft avionic systems market covers the following areas:
- Commercial aircraft avionic systems market sizing
- Commercial aircraft avionic systems market forecast
- Commercial aircraft avionic systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial aircraft avionic systems market vendors that include Airbus SE, Avidyne Corp., Avilution, LLC, BAE Systems PLC, Curtiss Wright Corp., Field Aerospace, Garmin Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Meggitt PLC, Northrop Grumman Corp., Panasonic Avionics Corporation., Safran SA, Sagetech Avionics Inc., Samtel Avionics., Teledyne Technologies Inc., Thales Group, The Boeing Co., and Universal Avionics Systems Corporation. Also, the commercial aircraft avionic systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.