“Commercial Aircraft NextGen Avionics market is projected to reach US$6 billion in 2020” says new Visiongain report
23 March 2020
Visiongain has launched a new aviation report Commercial Aircraft NextGen Avionics Market Report 2020-2030: Forecasts by Installation Stage (Forward Fit and Retrofit), by Aircraft Type (Regional Jets, Narrow Body and Wide Body), by Avionics System (Integrated Flight Management Systems, Air Flight Navigation Systems and Flight Instruments) Including Analysis of Leading Companies.
This report encompasses the global market for commercial aircraft Nextgen avionics. It provides a comprehensive and critical analysis of the market, including the subsectors of various types of avionics systems. Introduction of enhanced avionics systems have improved the operational efficiency of aircraft and manufacturers in the market are constantly investing substantial amount on R&D to launch innovative avionics systems.
In terms of geography, the majority of sales for next generation avionics is projected to come from the Asia Pacific region, with increased demand in both narrow-body and wide-body fleet within the region. The main driving force in this area is the growing percentage of middle-class families with surplus income to spend on travel.
The Visiongain report analyst commented "Growing need for enhanced avionics systems especially in developing countries of Asia Pacific and Latin America region is accelerating the growth of the market. Additionally, key manufacturers in the industry are inclined towards developing lightweight avionics components to improve the performance of aircraft and reduce the consumption of fuel. Further, introduction of enhanced situational awareness solutions will increase the safety and reliability. This in turn will create healthy growth opportunities in the market. According to Visiongain nextgen avionics technology in the aerospace industry is anticipated to play crucial role and the outlook for this market is positive throughout the forecast period."
Leading companies featured in the report who are offering commercial aircraft nextgen avionics market include BAE Systems PLC, Cobham PLC, General Electric, Honeywell, Rockwell Collins, Thales S.A., Zodiac Aerospace SA, Esterline Technologies Corp, L-3 Communications, United Technology Corporation, Universal Avionics Systems, Saab AB System, Panasonic Avionics Corporation, Astronautics Corporation of America, Curtiss-Wright Corporation, Garmin International Inc., Inmarsat PLC, Diehl Aerospace GmbH, Iridium Communications Inc., Jeppesen Sanderson Inc., Moog Inc., Northrop Grumman Corporation, Raytheon Company, ADS-B Technologies LLC, AMETEK Aerospace & Defense, Astro-Med Inc., Astronics Max-Viz Inc., Aviation Industry Corporation of China (AVIC), and Sagem S.A..
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@Visiongain.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
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