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(Transportation-News.com, December 09, 2017 ) According to Publisher, the Global Commercial Avionics Systems market is estimated at $22.56 billion in 2016 and is expected to reach $31.23 billion by 2023 growing at a CAGR of 4.7% from 2016 to 2023. Factors such as rising trend of modernization of airspace, increasing passenger traffic in emerging economies and technological advancements in the aviation industry are influencing the market growth. In addition, Cutthroat competition among key players provides huge growth opportunity for the market. However, growing vulnerability of avionics to cyber attacks and strict regulatory framework are some key factors inhibiting the market growth.
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Amongst Subsystems, flight control & management system segment dominated the global market. The growth for this segment is due to increasing requirement of real-time flight plan information sharing. Moreover, flight control & management system segment is anticipated to continue its dominance over the next five years. By Platform, defence segment commanded the largest market share. This is mainly due to growing number of aircraft and defense deals across region. Asia-Pacific region is anticipated to witness the highest growth rate in the global market in the coming years. This is due to the growth of the aviation sector in this region, thereby increasing the demand of market.
Some of the key players in the market include Avidyne Corporation, Air Data Inc., Astronics Max-Viz, BAE Systems Plc., Bendix/King, Cobham PLC, Curtiss-Wright Corporation, Esterline Technologies Corporation, Garmin Ltd., GE Aviation, Honeywell International Inc., L3 Technologies, Inc., Meggitt PLC, Rockwell Collins, Inc., Teledyne Technologies, Inc., Thales Group and United Technologies Corporation.
Aircraft Types Covered:
-Rotary Wing Aircrafts
-Fixed Wing Aircrafts
-Very Large Aircrafts
-Wide Body Aircrafts
-Narrow Body Aircrafts
-Regional aircraft
Components Covered:
-Power Block
-Thermal Energy Storage System
-Solar Field
Systems Covered:
-Integrated Modular Avionics
-Health monitoring systems
-Flight management systems
-Flight control systems
-Electrical & emergency systems
-Communication, Navigation, and Surveillance systems
-Cockpit Systems
-Central Maintenance Systems
-Cabin Systems
-Avionics Full-Duplex Switched Ethernet
Technologies Covered:
-Solar Tower
-Parabolic Trough
-Linear Fresnel
-Dish Stirling
End Users Covered:
-Utilities
-Enhanced Oil Recovery
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Regions Covered:
-North America
-US
-Canada
-Mexico
-Europe
-Germany
-UK
-Italy
-France
-Spain
-Rest of Europe
-Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-Rest of Asia Pacific
-South America
-Argentina
-Brazil
-Chile
-Rest of South America
-Middle East & Africa
-Saudi Arabia
-UAE
-Qatar
-South Africa
-Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Company Profiling
12.1 Avidyne Corporation
12.2 Air Data Inc.
12.3 Astronics Max-Viz
12.4 BAE Systems Plc.
12.5 Bendix/King
12.6 Cobham PLC
12.7 Curtiss-Wright Corporation
12.8 Esterline Technologies Corporation
12.9 Garmin Ltd.
12.10 GE Aviation
12.11 Honeywell International Inc.
12.12 L3 Technologies, Inc.
12.13 Meggitt PLC
12.14 Rockwell Collins, Inc.
12.15 Teledyne Technologies, Inc.
12.16 Thales Group
12.17 United Technologies Corporation
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Rajat Sahni
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Source: EmailWire.Com 
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