Avionics Market to Hit USD 75.81 Billion by 2027 | At a
Pune, India, March 02, 2023 (GLOBE NEWSWIRE) -- The global avionics market size is projected to reach USD 75.81 billion by the end of 2027. The increasing product applications will provide a platform for growth for the companies operating in the market. The increasing investments in the research and development of efficient products will have a direct impact on the growth of the market in recent years. According to a report published by Fortune Business Insights, titled “Avionics Market Size, Share & Industry Analysis, and Regional Forecast, 2020-2027,” the market was worth USD 48 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.
The avionics market is a rapidly growing industry that includes all of the electronic systems used in aircraft. These systems include communication, navigation, monitoring, and control systems. The avionics market has been driven by the increasing demand for safer, more efficient, and more reliable aircraft. This demand has led to the development of new and advanced avionics technologies, which are becoming increasingly important in the aviation industry.
Get a Free Sample Research Report:
https://www.fortunebusinessinsights.com/enquiry/sample/avionics-market-101819
One of the key drivers of the avionics market is the growing demand for safety and efficiency in aircraft. As air traffic increases and the demand for air travel continues to rise, safety concerns have become more important than ever. Avionics systems are critical components of aircraft safety, and they play a key role in ensuring that flights are safe and reliable. These systems are constantly evolving to meet the increasing demands of the aviation industry, and they are becoming more sophisticated and advanced with each passing year.
List of companies profiled in the report:
- Avilution LLC (The U.S.)
- BAE Systems (The U.K.)
- CCX Technologies (Canada)
- Cobham PLC (The U.K.)
- Collins Aerospace (The U.S.)
- Garmin Ltd. (The U.S.)
- General Electric (The U.S.)
- Honeywell International Inc (The U.S.)
- L3Harris Technologies, Inc.(The U.S.)
- Meggitt (The U.K.)
- Search Results
- Web results
- Nucon Aerospace(India)
Report Scope & Segmentation:
Report Coverage | Details |
Forecast Period | 2020-2027 |
Forecast CAGR | 9.25% |
2027 Value Projection | USD 75.81 Billion |
Base Year | 2019 |
Avionics Market Size in 2019 | USD 48 Billion |
Historical Data | 2016-2018 |
No. of Pages | 150 |
Segments Covered | By System Analysis, By Platform Analysis, By End-Use Analysis |
Avionics Market Growth Drivers | Improving Aircraft Computing Capabilities are Propelling the Market Growth |
Covid-19 Pandemic to Present Serious Challenges to the Avionics Industry
The recent coronavirus outbreak has created a sense of panic across the world. The rapid spread of the disease has had an adverse effect on several businesses across diverse industries. The efforts taken by governments across several countries to curb the spread of the diseases have forced businesses to shut down completely. It has been a similar scenario in the avionics industry and the past few months have presented several challenges to the businesses in this sector. The rising cases of coronavirus have put people in a state of panic and hesitancy; a primary factor behind the economic downfall in the past few months.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819
Company Mergers are an Increasing Trend Among Major Businesses across the World
The report encompasses several factors that have contributed to the growth of the overall avionics market in recent years. Among all factors, the increasing number of company mergers and acquisitions as well as collaborations among major businesses has made the highest impact on the growth of the market. Accounting to the increasing applications of avionics across the world, companies are looking to collaborate with other large-scale businesses with a bid to maximize the resources of both companies. In June 2019, Pattonair announced that it has signed a contract with Safran Ventilation Systems. This collaboration is aimed at the development as well as distribution of advanced logistical support. This will cover a wide range of ventilation products that can be used for avionics, including interior fans. This collaboration will have a massive global impact on the growth of the market, primarily driven by the wide customer coverage of the company across the world.
North America to Emerge Dominant; Presence of Several Large Scale Companies will Aid Market Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for the product, driven by applications across divers industry verticals will have a huge impact on the growth of the regional market. The presence of several large-scale companies will also bode well for the growth of the market in this region. As of 2019, the market in North America was worth 17.62 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific will also witness considerable growth in the coming years driven by the rising aviation industry in several countries across this region.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/avionics-market-101819
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights-Impact of COVID-19 Pandemic on Global Avionics Market
-
- Impact of COVID-19 Pandemic on Global Avionics Market
- Steps Taken by Industry/Companies/Government to Overcome the Impact
- Key Development in the industry in Response to COVID-19 Pandemic
- Potential Opportunities due to COVID-19 Outbreak
-
TOC Continued…!
Read Related Insights:
With 25.14% CAGR, Connected Aircraft Market to Hit USD 16.58 Billion by 2029 | Fortune Business Insights™
With 6.71% CAGR, Aircraft Antenna Market Size Worth USD 631.1 Million by 2029 | Fortune Business Insights™
5G in Aviation Market to Worth USD 9.92 Billion by (2021-2028) | 5G in Aviation Industry Registering CAGR of 47.03%
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn Facebook Twitter
TIN LIÊN QUAN
Remote Towers Market to Hit USD 584.3 Million by 2027 | At
Companies Covered in Remote Towers Market are Frequentis Group, Saab Group, Searidge Technologies, Indra Systems, Avinor, Thales Group, Harris Corporation,...
Lubricants Market Estimated to Reach $187.9 Billion by 2027
Chicago, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The global lubricants market size is projected to reach USD 187.9 billion by 2027 from USD 164.8 billion in...
Cloud Managed Network Market worth $36.3 billion by 2027,
The need for greater data connectivity with higher security, privacy and control will drive the Cloud Managed Network Market....
Particleboard Market Expected to Grow at 5.2% CAGR Till
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading market research firm, has released its latest report on the global wooden particle board...
Chillers Market Expected to Hit US$ 4.8 Billion by 2026
Chicago, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The global chillers Market is projected to grow from USD 4.1 billion in 2021 to USD 4.8 billion by 2026, at a...
Advancements In Low Light Imaging Technology Drive Growth
Chicago, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The Low-Light Imaging Market by Technology (CMOS and CCD), Application (Photography, Monitoring, Inspection...
Photovoltaic Market Driven by Decreasing Costs of PV
Chicago, March 08, 2023 (GLOBE NEWSWIRE) -- The Photovoltaic Market by Component (Modules, Inverters, BOS), Material (Silicon, Compounds), Installation...
Rugged Tablet Market Size to Grow Worth USD 946 Million |
The global rugged tablet market has seen significant growth, with a market size of USD 599.1 million in 2017. This trend is projected to continue, with the...
THỦ THUẬT HAY
Hướng dẫn đăng nhập, đăng xuất trên Zalo Pc và Zalo Web mới nhất 2021
Đây là phiên bản chính thức của VNG cho máy tính nên sẽ có điểm khác biệt với phiên bản cho điện thoại và bản Web. Đồ họa của ứng dụng sắc nét hơn rất nhiều sử dụng kết nối internet của máy tính nên tốc độ dùng nhanh
Hướng dẫn kích hoạt chế độ bàn phím nổi trên ứng dụng Gboard Android
Trong bản cập nhật được phát hành ngày 8 tháng 10 vừa qua, Google đã bổ sung thêm chức năng Floating Keyboard trong ứng dụng bàn phím Gboard, cho phép người dùng di chuyển bộ gõ tới vị trí bất
Hưỡng dẫn thiết kế bàn phím ảo trên điện thoại độc đáo nhất
Nếu đã nhàm chán với những kiểu bàn phím màu sắc đơn điệu hay những chủ đề có sẵn chưa làm bạn hài lòng? Đừng lo, hôm nay mình sẽ hướng dẫn các bạn một cách đơn giản nhất để tự thiết kế những bàn phím 'có 1 không 2'
Sử dụng CMD để xóa các thư mục lớn trên Windows
Các thư mục lớn trên hệ thống là một trong những thủ phạm 'ngốn' khá nhiều không gian hệ thống. Rất nhiều thư mục mà bạn tạo ra, sau khi xóa thì một thời gian sau nó sẽ trở lại. Có thể đó là các thư mục rác mà bạn cố
Hướng dẫn cách tắt tự động cập nhật iOS trên iPhone
Tuy nhiên thì vẫn có rất nhiều người không muốn nâng cấp lên phiên bản iOS mới do một số lý do như hao pin, máy đời cũ sẽ hoạt động chậm... và rất nhiều lý do khác khiến người dùng không muốn nâng cấp lên phiên bản iOS
ĐÁNH GIÁ NHANH
Trên tay, đánh giá nhanh LG V20: thiết kế được hoàn thiện tốt hơn người tiền nhiệm
Hôm nay, LG đã chính thức trình làng giới công nghệ chiếc V20, kế thừa cho chiếc flagship mạnh mẽ và chắc chắn được ra mắt vào cuối năm ngoái V10. LG V20 vẫn giữ lại những nét đặc trung...
Trên tay MSI P65: Thiết kế Max-Q mỏng nhẹ, cấu hình mạnh nhưng không dành cho game thủ
MSI luôn được biết đến là nhà sản xuất các thiết bị dành cho game thủ nổi tiếng với những sản phẩm thường có thiết kế hầm hố, cấu hình mạnh mẽ đủ sức cân được những tựa game đồ hoạ nặng. Nhưng hãng sẽ không chỉ dừng
Đánh giá loa Bluetooth Tronsmart T6 Pro: Thiết kế đẹp, chống nước tốt, chơi nhạc hay, công suất khủng
Tronsmart T6 Pro là một chiếc loa di động sở hữu thiết kế ấn tượng, công suất chơi nhạc khủng, rất nhiều tính năng, các cổng kết nối đầy đủ, pin 'trâu' có cả khả năng sạc ngược cho thiết bị khác và âm thanh sôi động