Selbyville, Delaware, Oct. 02, 2019 (GLOBE NEWSWIRE) --
The aerospace avionics market from business jet & general aviation segment is expected to have substantial growth during the forecast period, registering a growth of over 4% by 2025. The demand is fueled by increasing charter companies and growth of air taxi.
The OEM is expected to witness significant growth in the aerospace avionics market over the forecast period with the rise in the number of orders from airline service providers and charter companies. The increasing low-cost carriers in countries including China and India are expected to enhance the new aircraft demand.
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The flight management system is expected to witness significant gains over the forecast period with the rise in new aircraft deliveries. This system is a multipurpose aircraft computer used for providing various operational and virtual data between open and closed elements of flight. The system collects information for navigation, surveillance, and communication system and helps in streamlining operations of the aircraft. Major manufacturers are focusing on developing the next-generation flight management system to facilitate advancement in the air traffic management system.
The aerospace avionics market is consolidated with the presence of major industry participants including Raytheon, Harris Corporation, Thales Group, Saab AB, and Northrop Grumman Corporation, strengthening their R&D capabilities for developing innovative solutions incorporating advanced technologies.
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North America dominates the aerospace avionics market size due to the increasing number of new aircraft deliveries and presence of major avionics and aircraft manufacturers supporting the demand for the market in this region. For instance, in May 2019, Boeing announced agreements with Jet Aviation and HK Bellawings Jet for deliveries of Jeppesen Operator and Jeppesen JetPlanner Pro digital solutions. This avionics system will enhance efficiency, safety, and conveyance of operators.
The Asia Pacific aerospace avionics market will witness a growth of over 4% during the study timeframe due to the increase in tourism and growing electronics industry in the region. The demand from regions including India and China is supporting the growth of the market.
Browse key industry insights spread across 320 pages with 335 market data tables & 33 figures & charts from the report, “Aerospace Avionics Market By System (Flight Management, Communication, Navigation, Surveillance, Electric, Emergency, Collision Avoidance, Weather, Health Monitoring, Tactical, In-Flight Entertainment), Application (Commercial Aviation, Military Aviation, Business Jet & General Aviation, Helicopters), End Use (OEM, Aftermarket), Regional Outlook, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerospace-avionics-market
Table of Contents (ToC) of the report:
Chapter 3. Aerospace Avionics Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014 – 2025
3.4. Evolution of aerospace avionics technology
3.5. Industry ecosystem analysis
3.6. Technology landscape
3.7. Regulatory landscape
3.8. Vertical Take-off and Landing (VTOL) market analysis
3.9. Industry impact forces
3.10. Porter's analysis
3.11. PESTEL analysis
3.12. Growth potential analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/aerospace-avionics-market
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