Avionics Market to Grow with Increasing Demand for Intelligent Fleet Management

Posted by Rushikesh Pise on January 17th, 2020

Increasing demand for aircraft worldwide will plausibly emerge as the central factor driving the global avionics market growth in the approaching decade. The world economy is progressing at a formidable rate, as per the statistics released by the International Monetary Fund. Rising incomes are likely to fuel the demand for air travel worldwide. According to the International Air Transport Association (IATA), by 2037, air travel passenger number will double from current level to reach 8.2 billion. Asia-Pacific will account for majority of this surge, with China slated to dethrone the US as the world’s largest aviation hub. Moreover, increasing air traffic will create close to 100 million jobs, the IATA states. Accomplishing the mammoth task of managing this soaring number of aircraft will necessitate the deployment of smart, new-age solutions in the aviation industry, generating the demand for avionics.

Browse Report Summary:

https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819

List of Prominent Players Identified in the Avionics Market Report:

  •          Cobham
  •          Curtiss-Wright
  •          Thales
  •          Teledyne Technologies
  •          Honeywell
  •          Garmin
  •          Meggitt
  •          L3 Technologies
  •          Rockwell Collins
  •          United Technologies
  •          GE

Fortune Business Insights™, in its report, titled “Avionics Market Size, Share & Industry Analysis, By System (Navigation System, Central Maintenance System, Surveillance Systems, Cabin Systems), By Platform (Helicopters, Business Jets, Commercial, Defense), By End-user (Original equipment manufacturer, Aftermarket) and Regional Forecast, 2019-2026”, shares the following:

  •          In-depth study of the market segments;
  •          Careful evaluation of the market restraints;
  •          Detailed assessment of the regional developments and competitive dynamics of the market; and
  •          360-degree analysis of the various factors and drivers shaping the size, share, and growth of the market.
 

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
Articles Posted: 81

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