Research and Markets: Global Commercial Aircraft Avionics Systems Market 2015-2019 With Cobham, Honeywell, Panasonic Avionics, Rockwell Collins & Thales Dominating

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Research and Markets (http://www.researchandmarkets.com/research/8b56jb/global_commercial) has announced the addition of the “Global Commercial Aircraft Avionics Systems Market 2015-2019” report to their offering.

The global commercial aircraft avionics system market to grow at a CAGR of 4.90% during the period 2014-2019.

Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Avionics are one of the most expensive and highly critical components in modern aircraft. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.

This report covers the current scenario and growth prospects of the global commercial aircraft avionics systems market for the period 2015-2019. It provides a global overview, market shares, market segmentation by aircraft type, and growth prospects by region (APAC, EMEA, and the Americas). It also presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

According to the report, the market has grown significantly because of an increase in new aircraft orders. The number of aircraft sold worldwide is expected grow by 3.6% over the next 20 years. Also, growing demand from emerging markets drives growth. Africa, South America, and APAC are expected to account for the highest growth rates in air passenger traffic and will witness a rapid increase in aircraft fleet. Weight is a critical factor in aviation.

Further, the report states that the introduction of new aviation systems and components, such as avionics systems, encounters various challenges because of strict regulatory requirements. There are design constraints concerning avionics systems as there is a need for highly reliable and efficient systems while considering the need for reduced weight, volume, and cost.

Key Vendors

• Cobham
• Honeywell
• Panasonic Avionics
• Rockwell Collins
• Thales

Other Prominent Vendors

• Curtiss-Wright
• Elbit Systems
• Garmin
• GE Aviation
• L-3 Communications
• Universal Avionics System
• Zodiac Aerospace

For more information visit http://www.researchandmarkets.com/research/8b56jb/global_commercial

View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005220/en/

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Sector: Avionics