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Global Commercial Avionics Systems Market to reach US$29.28 bn by 2021

The global commercial avionics systems market stood at US$23.4 bn in 2014 and is expected to reach US$29.3 bn by 2021. The growth of advanced commercial avionics systems in North America is expected to help the global commercial avionics systems market expand at a 3.10% CAGR during the period from 2015 to 2021.

Browse the full Commercial Avionics Systems Market report at:
http://www.transparencymarketresearch.com/commercial-avionics-systems-market.html

Avionics systems primarily are fitted in aircraft to streamline their operational functions. The growing need to have real-time data in place to improve the operational efficiency of aircraft is the primary factor boosting the global commercial avionics systems market. Growing expectations of the passengers to avail enhanced in-flight entertainment services are expected to boost the development of the global commercial avionics systems market in the coming few years. Additionally, increased investment in advanced research and development technologies and launch of enhanced commercial avionics systems and products is predicted to further propel the global commercial avionics systems market.

Asia Pacific to Register Maximum Demand for Commercial Avionics Systems

The global commercial avionics systems market is segmented on the basis of aircraft type, system, and geography. Based on geography, the global commercial avionics systems market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2014, the global commercial avionics systems market was dominated by North America; the region accounted for more than 40% of the total market revenue. The increasing need to maintain real-time data and growing adoption of advanced technology to enhance the efficiency of aircraft has helped North America to dominate the global commercial avionics systems market.

Asia Pacific is expected to be the fastest growing regional market till 2021, expanding at a 4.0% CAGR. Rockwell Collins, Inc., Thales Avionics, GE Aviation, United Technologies Corporation, Avidyne Corporation, Universal Avionics System Corporation Honeywell Aerospace, Panasonic Avionics Corporation, Garmin Ltd., and L-3 Avionics Systems are some of the leading companies in the global commercial avionics systems market. Tough competition from the emerging companies has led the leading players to introduce cutting-edge advancements to maintain their dominant position.

Get the Free Sample Research Report of Commercial Avionics Systems Market at:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4625

By system type, the global commercial avionics systems market is classified into cabin systems, cockpit systems, integrated modular avionics, avionics full-duplex switched ethernet, navigation, flight control and emergency system, surveillance, electrical systems, communication systems, central maintenance systems, and others. These systems are operated and controlled by the pilots and ground-based air traffic control to maximize aircraft safety. In 2014, in terms of revenue, the global commercial avionics systems market was led by the navigation segment. Due to increased importance of better connectivity between ATC and the aircraft, the communication systems segment is predicted to lead the global commercial avionics systems market during the forecast period.

Fixed Wing Aircraft Segment to Lead till 2021

Based on aircraft type, the global commercial avionics systems market is divided into fixed wing aircraft and rotary wing aircraft. In 2014, the fixed wing aircraft segment accounted for 70% of the market, whereas the rotary wing aircraft segment is predicted to register rapid growth during the forecast period.

Browse the Full Press Release of Commercial Avionics Systems Market at:
http://www.transparencymarketresearch.com/pressrelease/commercial-avionics-systems-market.htm

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
  
 
 

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