(MENAFNEditorial) Avionics are electronic structure used on aircraft, artificial satellites and spacecraft. Avionic system consists of various functions like communication, navigation, management of multiple systems. However, various number of systems are fitted to aircraft to perform individual functions. This system has become the information backbone of aerospace systems which consists of micro-air vehicle and nano-satellite to jumbo jet and advanced spacecraft. According to a new report published by Reports Monitor titled, ' Avionics System market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 20172025, the Avionics System Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Avionics System Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
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Avionics are electronic structure used on aircraft, artificial satellites and spacecraft. Avionic system consists of various functions like communication, navigation, management of multiple systems. However, various number of systems are fitted to aircraft to perform individual functions. This system has become the information backbone of aerospace systems which consists of micro-air vehicle and nano-satellite to jumbo jet and advanced spacecraft.
This technique encompasses components which the pilot directly makes use of, that comprises navigation, climate radar, and radio communication gadget. similarly, they also contain other electronic systems which are not directly used by the pilot that manage and display flight and engine performance. Avionics and aerospace systems lays on a single core processor. Operators are planning for multi-core or manycore processor to build their performance, as these systems become more complicated, their need in terms of computing power cannot be satisfied with a single core approach.
The extensive growth factors of this market include rising aircraft deliveries because of rising air passenger traffic will improve the industry growth. growing trend in modernization in aerospace field is another factor positively impacting the market growth. The modernization includes modern avionics which might be highly used in next generation transportation system released by a single European Sky ATM Research (SESAR), Europe and Federal Aviation Administration (FAA), U.S. Introduction to new participants in the industry will build the market growth.
The market is split into different segments like by subsystem, by fit, by platform, and by region. As per the segmentation the subsystem segment market is differentiated into Flight control & management system, communication, navigation & surveillance systems, monitoring/glass cockpit, electrical & emergency systems, inflight entertainment, and mission/tactical system. By fit market is differentiated into line-fit and retrofit. There are various platforms such as commercial, defense, and UAV.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global avionics system market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
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The major companies profiled in the report include: Honeywell International Inc., Rockwell Collins, Inc., Esterline Technologies Corporation, Astronics Corporation, L-3 Communications Holding Inc., Genesys Aerosystems, Aspen Avionics, Avidyne Corporation, and Garmin Ltd.
Research Scope
The study for Global Avionics System Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015 Base Year Estimate: 2016 Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff's Matrix, PESTEL analysis, Porter's five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.Introduction
1.1.Market Definition
1.2.Market Scope
2.Research Methodology
2.1.Primary Research
2.2.Secondary Sources
2.3.Assumptions & Exclusions
3.Market Overview
3.1.Research Report Segmentation & Scope
3.2.Key Market Trend Analysis
3.2.1.Market Drivers
3.2.2.Market Restraint/Challenges
3.2.3.Market Opportunities
3.3.Porter's Five Forces Analysis
3.4.Potential Venture Avenues
3.5.Market Share Analysis, 2016
4.Subsystem Overview
4.1.Introduction
4.2.Market Size & Forecast, 2015 to 2025
4.2.1.Flight control & Management System
4.2.2.Communication
4.2.3.Navigation & Surveillance Systems
4.2.4.Monitoring/Glass Cockpit
4.2.5.Electrical & Emergency Systems
4.2.6 Inflight Entertainment
4.2.7.Mission/Tactical System
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
5.Fit Overview
5.1.Introduction
5.2.Market Size & Forecast, 2015 to 2025
5.2.1.Smart phone
5.2.2.Wearable device
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
6.Platform Overview
6.1.Introduction
6.2.Market Size & Forecast, 2015 to 2025
6.2.1.Commercial
6.2.2.Defense
6.2.3.UAV
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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