Commercial Avionics Systems Market Research Report and Forecast Commercial Avionics Systems Market - Global Indust | Page 2

Global navigation satellite systems are expected to slowly replace ground support
systems and become a positive source of revenue and market influence on the
global field. Additionally, an increase in the use of GPS, multi-mode receivers, and
flight management systems is expected to propel the demand for refined navigation
systems. The growth in the use of glass cockpit is the leading factor driving the
cockpit systems segment of the global commercial avionics systems market. These
cockpits allow pilots to focus on pertinent data, making operations easier.
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North America Demand for Commercial Avionics Systems to Surge
On the basis of geography, the global commercial avionics systems market is
categorized into North America, Europe, Asia Pacific, and the rest of the world. In
2015, North America led the global commercial avionics systems market in terms of
revenue generation and demand growth rate, followed by Europe. Both regions
attribute a healthy market for commercial avionics systems to the recent rates of
improvements in economy as well as a high level of acceptance for modern
technology. In 2015, North America accounted for 42.4% of the global market, and
is forecasted to maintain its lead till 2024. The introduction of the NextGen Avionics
program by the U.S. FAA has also been another factor expected to drive global
commercial avionics systems market over the coming years.
The leading players in the global commercial avionics systems market till 2015,
include Honeywell Aerospace, Thales Group, Rockwell Collins Inc., L-3 Avionics
System, United Technologies Corporation, Avidyne Corporation, GE Aviation,
Panasonic Avionics Corporation, Garmin Ltd., and Universal Avionics System
Corporation.
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