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The commercial aircraft avionic systems market share is expected to increase by USD 3.33 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (line fit and aftermarket), application (FCS, CN and S, FMS, and AHMS), and geography (North America, Europe, APAC, MEA, and South America).
The commercial aircraft avionic systems market report also offers information on several market vendors, including Cobham Plc, Curtiss-Wright Corp., Elbit Systems Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corp., Safran SA, Teledyne Technologies Inc., and Thales Group among others.
Cobham Plc - The company offers Aircraft Audio and Radio Management Systems and Airborne Servers and Routers. Through the communications and connectivity segment, the company provides critical and innovative technologies to enable resilient connection for complex, harsh, hazardous, and regulated environments, in air and space, on land and at sea, and underground.
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Technavio categorizes the global commercial aircraft avionic systems market as a part of the global aerospace & defense market within the global capital goods market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft avionic systems market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Commercial Aircraft Avionic Systems Market Driver
Key Commercial Aircraft Avionic Systems Market Challenge
This commercial aircraft avionic systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the commercial aircraft avionic systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for commercial aircraft avionic systems in North America. Market growth in this region will be faster than the growth of the market in the European regions.
The growth of the market in North America is primarily supported by the region’s robust aviation infrastructure. The region is home to technologically advanced aerospace companies that largely cater to the regional demand for aircraft parts, systems, and components and have a sturdy base for developing advanced aircraft avionic systems. The rapid increase in the global demand for new aircraft has also triggered investments in the aircraft electronics manufacturing sector and channelized substantial funds for developing avionic components and related technologies in the region. This will facilitate the commercial aircraft avionic systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The commercial aircraft avionic systems market share growth by the line fit segment will be significant during the forecast period. The line fit segment of the global commercial aircraft avionic systems market is primarily driven by the global increase in aircraft deliveries. The consistently increasing number of air passengers is encouraging airline operators to expand their fleets. Technological innovations in the field of aircraft manufacturing have helped in the integration of avionic systems. Rising concerns about aircraft safety and fuel efficiency have resulted in a high expenditure on the development of advanced solutions. These solutions are rapidly penetrating the global commercial aviation industry and broadening the market opportunities for avionic system integrators and their suppliers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft avionic systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Commercial Aircraft Avionic Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2% |
Market growth 2021-2025 |
$ 3.33 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.08 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 36% |
Key countries |
US, France, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Cobham Plc, Curtiss-Wright Corp., Elbit Systems Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corp., Safran SA, Teledyne Technologies Inc., and Thales Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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