Emergen Research’s latest market research report focuses on the global Avionics Market, and the report provides in-depth analysis of each of its major segments. Reports about the global Avionics market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfoliosAvionics industry projections and qualitative and quantitative assessments have been provided by the report's authors.
According to the most recent report by Emergen Research, the avionics market will have a value CAGR of 8.2% over the forecast period, reaching USD 44.50 billion in 2021. A major component propelling the market's expansion is the steadily improving state of aeroplane computers. The integrated avionics are reducing the price of the electronic control unit while simultaneously improving aeroplane performance. System-Wide Information Management (SWIM), next-generation network-enabled weather, Automated Dependent Surveillance-Broadcast (ADS-B), and next-generation data communications are all included in the final product. The integrated solution improves the aircraft's ability to communicate, regulate air traffic, and keep track of its surroundings.
Recent years have seen rapid developments in the information and communication technology sector, with the industry projected to grow substantially in revenue over the next five years. ICT industry technology advancements, increasing adoption of advanced and latest devices, an increasing number of consumers using these devices, and high internet penetration worldwide are expected to drive global market revenue growth throughout the forecast period. The global market is expected to grow as a result of factors such as a growing risk of data leakage, an increasing use of advanced technologies like artificial intelligence (AI), the Internet of Things, and cloud services to manage large amounts of data, as well as a growing investment in research and development activities for developing advanced devices and solutions.
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- Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
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- It contains in-depth analysis of global, regional and national sales and growth.
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Market Overview:
The report bifurcates the Avionics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Based on the types, the market is segmented into:
System Outlook (Revenue, USD Billion; 2019–2030)
- Power Data Management
- Communication
- Navigation
- Flight Management
- Weather Detection
- Electronic Flight Display
Platform Outlook (Revenue, USD Billion; 2019–2030)
- Business Jets
- Commercial
- General Aviation
- Military
End-Use Outlook (Revenue, USD Billion; 2019–2030)
- OEM
- Aftermarket
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Regional Landscape section of the Avionics report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Companies Profiled in the Report are:
BAE Systems, Cobham, Garmin Ltd., Collins Aerospace, Meggitt PLC, Curtiss-Wright Corporation, General Electronic, UAVIONIX Corporation, CMC Electronics Inc., Dynon Avionics Inc.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Avionics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
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