Commercial Avionics Systems Market Research Report and Forecast Commercial Avionics Systems Market - Global Indust

Commercial Avionics Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
Global Commercial Avionics Systems Market: Snapshot
The primary driver augmenting the global commercial avionics systems market is
the growing demand for systems that can calculate real time data for the aviation
industry. The overall impact of this demand is expected to be very high over the
coming years and is expected to mold the market to its specific way. Another driver
for the global commercial avionics systems market is the rate at which the aviation
industry is evolving within the developed economies of North America and Europe.
They are giving a much larger room for improvements and development to players
from the global commercial avionics systems market than other regions. The market
is also benefitting from other technological advancements in aviation such as the
modern glass cockpit and the use of better in-flight entertainment systems.
However, the global commercial avionics systems market is currently being
restricted by the reluctance of players to engage in larger activities due to the high
costs of system maintenance. The use of modern commercial avionics systems also
makes aviation vehicles more susceptible to online hacks.
The global commercial avionics systems market is expected to reach US$31.07 bn
by the end of 2024, by expanding at a CAGR of 3.5% within a forecast period from
2016 to 2024. At the end of 2016, the global commercial avionics systems market is
expected to reach US$25.34 bn.
View Report @ http://www.transparencymarketresearch.com/commercial-
avionics-systems-market.html
Navigation a Key Sales Component of Commercial Avionics Systems
The global commercial avionics systems market is segmented on the basis of the
common systems available, into cabin systems, integrated modular avionics,
surveillance systems, avionics full duplex switched Ethernet, cockpit systems,
navigation systems, flight control and emergency system, communication systems,
electrical systems, and central maintenance systems. Of these, navigation systems
are expected to lead the global commercial avionics systems market as a key
component in terms of both demand and development value. Older ground and air
systems tech is being upgraded and this is expected to become the prime driver for
the global commercial avionics systems market.