Commercial Avionics Systems Market- Analysis, Trends and Forecast upto 2023: Transparency Market Research

Albany – NY, Oct. 20, 2015 (GLOBE NEWSWIRE) — Avionics is a term used to define all systems related to aviation electronics. Commercial avionics systems use the expertise of primary flight displays (PFD), heads up displays (HUD), navigation displays (ND), multi-functional displays (MFD), mode control panel (MCP) engine indicating and crew alert systems (EICAS), and control display unit (CDU) among others to significantly improve issues with regard to situation awareness and better assistance to the pilot. Commercial avionics systems through high performance engineering are built so as to suit critical computer deployment in harsh environments. These systems comprise integrated hardware components to enable use of broadband services such as VPN access, Internet, multimedia capabilities, e-mail, games and video-on-demand among others. Moreover, these systems also comprise of systems fitted in the cockpit used for navigation, control, monitoring, weather, anti-collision and communication by the pilot.

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Some of the major factors driving the growth of commercial avionics worldwide are increasing demand for aircraft orders and deliveries. With advancement of technology the demand for modern avionics within the aircraft is on the rise, which has a significant impact on the growth of this market. With increasing air traffic and concerns by aircraft manufacturers to offer optimum safety to its customers, there has been an increase in demand for latest avionics systems. Avionics systems are known to offer integration of advanced computing such efficient integration of networks, computers and host of electronics to commercial aircrafts. Flight management systems which are a part of avionics systems enhance ways to manage air traffic, improve complete flight plan, reduce noise and minimize CO2 emission. All this will help aircraft companies to save on fuel which is major factor for growth of this market.

With increasing air traffic and demand for quality services by the customers North America holds the largest market share in terms of revenue. With significant number of aircraft deliveries and existence of strong markets such as India and China in the Asia Pacific region, it is the fastest growing market for commercial avionics systems.

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As these systems are connected to the Internet it is vulnerable to hacking and attacks by anyone from within the aircraft which is one of the challenges that poses hindrance to the growth of this market. However, commercial avionics system providers ensure that there is protection and security measures in place that safeguards maintenance and navigation data. And though there exists minor problems within the software firewalls avionic companies are increasingly working towards separating Wi-Fi network from critical communication ecosystem within the aircrafts. For instance, Elnfochips a company offering engineering solutions across various industries is has launched elnfochips ARINC 429 VIP that will help to maintain secure communication between transfer of digital information and data within commercial aircrafts.

Commercial avionics system providers adopt strategies like agreements, joint ventures, partnerships, acquisitions, launch of new products and mergers to maintain their position in this competitive market. Some key players in the commercial avionics systems market include Thales, Inc., Garmin Ltd., Universal Avionics Systems Corporation, Zodiac Aerospace SA, Esterline Technologies Corporation and Panasonic Avionics Corporation among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

    North America

    Asia Pacific

    Europe

    Middle East and Africa

    Latin America

This report provides comprehensive analysis of

    Market growth drivers

    Factors limiting market growth

    Current market trends

    Market structure

    Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

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