Commercial Avionics Systems Market
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<strong>Commercial</strong> <strong>Avionics</strong> <strong>Systems</strong><br />
<strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Commercial</strong> <strong>Avionics</strong> <strong>Systems</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share,<br />
Growth, Trends and Forecast 2015 – 2021<br />
According to a new market report published by Transparency <strong>Market</strong> Research “<strong>Commercial</strong><br />
<strong>Avionics</strong> <strong>Systems</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and Forecast<br />
2015 - 2021,” global commercial avionics systems market was valued at US$23.40 bn in 2014, at<br />
a CAGR of 3.1% from 2015 to 2021 to account for US$29.28 bn in 2021.<br />
Browse the full <strong>Commercial</strong> <strong>Avionics</strong> <strong>Systems</strong> <strong>Market</strong> report at:<br />
http://www.transparencymarketresearch.com/commercial-avionics-systemsmarket.html<br />
The global market for commercial avionics systems is chiefly driven by increasing need for real<br />
time data to improve aircraft’s efficiency. The increasing concerns to improve the safety and<br />
surveillance in aircrafts is also influencing the growth of global commercial avionics systems<br />
market. Modern commercial avionics systems provide advantages to the pilot and the crew in<br />
terms of streamlined and easy control, display and communication functions, thereby reducing<br />
risks associated with human errors during flight. The increasing expectation of the air passengers<br />
for enhanced in-flight services has boosted the demand for in-flight entertainment (IFE) systems,<br />
which in turn is pushing the global market for commercial avionics systems forward.<br />
Among all avionics systems, the navigation segment held the highest revenue share of the<br />
overall market in 2014. With the various ongoing initiatives to improve the avionics in modern<br />
aircrafts, the market for navigation systems is increasing significantly. Additionally, the<br />
communication, surveillance, flight control and emergency, cockpit and cabin systems also<br />
registered significant market share in the global commercial avionics systems market. Based on<br />
aircraft type, the commercial avionics systems used in fixed wing aircrafts accounted for more<br />
than 70% in 2014. Rotary wings aircraft segment is growing at a slower pace at present, but is<br />
expected to gain pace over the forecast period.<br />
Geographically, North America accounted for the largest share in the global commercial avionics<br />
systems market with more than forty percent revenue share in 2014 and is expected to continue<br />
its dominance throughout the forecast period. The key drivers influencing the growth of the<br />
Transparency <strong>Market</strong> Research<br />
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