Avionics Market Size to Reach USD 81.50 Billion by 2026; Market to Witness Remarkable Growth on Account of Adoption of Internet of Things, Says Fortune Business Insights™

PUNE, India, Jan. 8, 2020 /PRNewswire/ -- The global Avionics Market size is likely to gain impetus from the advent of IoT in the aviation industry worldwide. Fortune Business Insights™ in their report titled, "Global Avionics Market Size, Share & Industry Analysis, By System (Hardware Systems (Flight Management System (FMS), Communication, Navigation, and Surveillance (CNS), Electrical System, Emergency System, Mission & Tactical System, Health Monitoring System, Inflight Entertainment System, Collision Avoidance System, Weather System) and Software Systems), Platform (Commercial, Military, Business Jets, General Aviation, and Helicopters), End-Use (OEM and Aftermarket), and Regional Forecast, 2019-2026," elaborately discusses the market and its major growth trajectories in details.

According to the current Avionics Market trends, the global Avionics Market size is projected to rise from USD 57.71 Billion in 2018 to reach a value of USD 81.50 Billion by 2026. The forecast period is set from 2019 to 2026, and the market is anticipated to rise at a CAGR of 7.86%.

To gain more insights into the Avionics Market with detailed table of content and figures,
Click Here: https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819

List of significant players mentioned in Avionics Market research report include;

• Transdigm Group
• Teledyne Technologies
• NUCON AEROSPACE
• L3Harris Technologies
• GE
• Collins Aerospace
• CCX Technologies
• Avilution
• uAvionix
• Thales Group
• Safran
• Meggitt
• Honeywell International
• Garmin
• Cobham
• BAE Systems
  

Advent of Internet of Things in Aviation Industry to Bode Well for Market

The adoption of next-generation flight management system providing mission planning capabilities with improved air traffic management functionality and reduction in operation cost is a major factor promoting the Avionics Market growth. Additionally, the advancement of IoT in aviation technology, the rise in the number of up-gradation programs from leading OEMs, is further prognosticated to promote the Avionics Market growth in the coming years.

Get Sample PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/avionics-market-101819

Asia Pacific to Register Faster Growth Rate on Account of Increasing Number of Air Passengers

From a geographical perspective, North America is anticipated to hold the leading global Avionics Market share on account of the rising demand for aircraft for both commercial and defense purposes. Besides this, there is a surge in demand for advanced helicopters and fighter aircraft from the US defense sector will help to augment the regional Avionics Market size in the coming years. Furthermore, the presence of major manufacturers such as Honeywell, Esterline Technologies, and United Technologies Corporation, I further expected to help North America continue its dominance in the coming years as well. However, there is a huge decline in the aircraft market due to production cutting, especially in North America.  In 2019, Boeing have shut down the production of 737 max aircraft models, which has affected the overall demand for avionics systems in the region.

On the other side, Asia Pacific Avionics Market growth rate is likely to rise at a rapid pace during the forecast period on account of the increase in the number of passengers traveling by air, rise in disposable incomes of people and rapid urbanization especially in the developing nations such as China and India. Furthermore, the rise in investments made in the aviation sector from countries such as Australia, South Korea, Singapore, and others is likely to help this region attract high Avionics Market revenues at a rapid pace in the future.

Joint Development and Business Expansion Strategies to Intensify Market Competition

Players are adopting strong strategies such as the adoption of IoT, geographical expansion, and others to gain a competitive edge in the market. Market vendors are also investing in research and development, joint development, long terms agreements and contracts, and other strategies to attract high Avionics Market revenue in the forecast period.

Get Discount: https://www.fortunebusinessinsights.com/enquiry/check-discount/avionics-market-101819 

Highlights of the Report:

• A comprehensive analysis of the Avionics Market with base and forecast figure and CAGRs
• Growth drivers, restraints, challenges, and opportunities of the market.
• List of significant players and important strategies adopted by them
• In-detailed segmentation of the market and names of leading segments
• Key industry insights
• Major Industry developments
• Other Avionics Market trends

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
• Recent Industry Developments - Mergers & Acquisitions
• Overview of Avionics Market by Key Countries, 2018
• Technological Advancements in Avionics Systems
• Porter Five Forces of the Global Avionics Market
• Supply Chain/ Value Chain Analysis
• Global Avionics Market Analysis, Insights and Forecast, 2015-2026
• Key Findings / Summary
• Market Analysis, Insights and Forecast – By System
• Hardware
• Flight Management System (FMS)
• Communication, Navigation, Surveillance (CNS)
• Electrical System
• Emergency System
• Mission &Tactical System
• Inflight Entertainment System
• Health Monitoring System
• Collision Avoidance System
• Weather System
• Software
• Safety-Critical Airborne Software
• Mission Flight Management Software
• Flight Management Software
• Aircraft Health Diagnostic Software
• Training & Simulation Software
• Others
• Market Analysis, Insights and Forecast – By Platform
• Commercial
• Military
• Business Jets
• General Aviation
• Helicopters
• Market Analysis, Insights and Forecast – By End-Use
• OEM
• Aftermarket
• Market Analysis, Insights and Forecast – By Region
• North America
• Europe
• Asia pacific
• Rest of the World

TOC Continued…!

Request for Customization https://www.fortunebusinessinsights.com/enquiry/customization/avionics-market-101819

Some of the key industry developments in the Avionics Market are:

April 2018 –  A contract worth more than USD25 million was signed to supply advanced FliteLineTM navigation and communication radios to Boeing by Cobham plc. These radios are meant for utilization by the United States Air Force for retrofit in more than 450 Northrop T-38c military trainer aircraft.

March 2019 – A USD 43.3 Million was signed by Harris Corporation with the government of Kuwait for providing electronic warfare (EW) avionics. This will help to protect the Kuwaiti combat aircraft from missiles.

Order Single Or Multi-User License Copy: https://www.fortunebusinessinsights.com/checkout-page/101819

Browse Releated Reports

Aerostructures Market Size, Share & Industry Analysis, By Component (Wings, Nose, Fuselage, Nacelle, Empennage & Pylon and Others), By Material (Metals, Composites and Alloys), By Platform (Fixed-wing aircraft (Commercial Aircraft, Military Aircraft, and UAV's) and Rotary-wing Aircraft (Commercial Aircraft, Military Aircraft, and UAV's)), and Regional Forecast 2019-2026

Business Jet Market Size, Share & Industry Analysis, By Aircraft Type (Light, Mid-sized, Large, and Airliner), Point of Sale (OEMs, and Aftermarket), Systems (Aerostructures, Avionics, Propulsion Systems, Aircraft Systems, Cabin Interiors, Landing Gears and others), By End User (Private and Operator), and Regional Forecast 2019-2026

Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026

Aerospace Fasteners Market Size, Share & Industry Analysis, By Material (Aluminum, Steel, Superalloys, and Titanium), By Product (Rivets, Screws, Nuts & Bolts and others), By Platform (Fixed-wing aircraft (Commercial Aircraft, Business Aircraft, Military Aircraft, and General Aviation Aircraft) and Rotary-wing Aircraft (Civil Helicopter and Military Helicopter)), and Regional Forecast 2019-2026

Unmanned Aerial Vehicle (UAV) Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2019-2026

Aerospace 3D Printing Market Size, Share & Industry Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft, and Spacecraft), By Application Type (Engine Components, Space Components, and Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS and Others), and Regional Forecast 2019-2026

5G in Aviation Market Size, Share & Industry Analysis, By Platform (5G Airport and 5G Aircraft), Technology (FWA, URLLC/MMTC, and eMBB), Communication Infrastructure (Small Cell, Radio Access Network (RAN) and Distributed Antenna Systems (DAS)), 5G Services (Airport Operations, and Aircraft Operations), and Regional Forecast 2019-2026

Aircraft Engine Market Size, Share & Industry Analysis, By Engine Type (Turboprop, Turboshaft, Turbofan, Piston Engine), By Technology (Conventional Engine and Electric/Hybrid Engine), By End-user (Commercial, Military, and General Aviation), By Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System, and Others), and Regional Forecast 2018-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: sales@fortunebusinessinsights.com 
Fortune Business Insights™ 
Linkedin | Twitter | Blogs 
Read Press Release on Global Avionics Market: https://www.fortunebusinessinsights.com/press-release/avionics-market-9480

Photo: https://mma.prnewswire.com/media/1063372/Avionics_Market.jpg

Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg