Aerospace and Defense

According to a new market report published by Lucintel, the future of the global commercial aerospace avionics market looks promising with opportunities in  commercial aircraft, regional aircraft, and general aviation. The global commercial aerospace avionics market is expected grow with a CAGR of 6.1% from 2021 to 2027. The major growth drivers for this market are increasing aircraft deliveries, replacement of ageing aircraft, and growing demand for better safety and digital communication devices.

In this market, communication network and navigation, display system, control system, and radar and surveillance are the segments. Lucintel forecasts that communication network and navigation is expected to remain the largest segment due to large number of components and systems.

Europe is expected to remain the largest region during the forecast period due to growing aircraft deliveries, developed economies and mature market.

Emerging trends, which have a direct impact on the dynamics of the industry, include power saving display systems, better communication devices for air traffic control, integrated avionics, and digitalization. Rockwell Collins, Honeywell, Thales, Garmin, Northrop Grumman, Mitsubishi Heavy Industries, and GE Aviation are among the major suppliers of commercial aerospace avionics market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global commercial aerospace avionics market by aircraft type, type, and region and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Commercial Aerospace Avionics Market 2022-2027: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global commercial aerospace avionics market by aircraft type, type, and region as follows:

This 77- page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/commercial-aerospace-avionics-market.aspx or write us at helpdesk@lucintel.com. About Lucintel Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com. This report answers the following 11 key questions: Q.1 What are some of the most promising, high-growth opportunities for the global  commercial aerospace avionics market by aircraft type (commercial aircraft, regional aircraft, and general aviation), type (communication network and navigation, display system, control system, and radar and surveillance), and by region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market? Q.5 What are the business risks and threats of this market? Q.6 What are emerging trends in this market and reasons behind them? Q.7 What are some of the changing demands of customers in the market? Q.8 What are the new developments in the market? Which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution? Q.11 What M&A activity has occurred in the last 5 years?