The Avionics market is expected to grow from USD 72.61 billion in 2019 to USD 103.20 billion by 2026 at a CAGR of 5.15% from 2019 to 2026.
The Avionics Market has come across important development ended the recent years and is expected to raise tremendously over the estimate period. Avionics is a term made using two words electronics and aviation. It is an electronics context utilized helicopters, planes, spacecraft, and artificial satellites. Flight frameworks incorporate administration of different frameworks, presentations, route, and correspondence of flying machine. Aircraft astronautics hold navigation, communication, show associate degreed management varied of varied of assorted systems and over many such systems area unit tailored in a craft that perform various individual functions. These systems will be easy furthermore as advanced. Fundamentally, the term astronautics could be a mixture of the word aviation and physical science. The cockpit of associate degree craft is that the main location for the position of the astronautics instrumentality like management, monitoring, communication, weather, navigation and anti-collision systems.
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The global Avionics market has been segmented as below:
By Platform
Business Jets & General Aviation
Helicopters
Commercial Aviation
Military Aviation
By System
Software
Aircraft Health Diagnostic Software
Training & Simulation Software
Others
Safety-critical Airborne Software
Mission Flight Management Software
Flight Management Software
Hardware
Emergency Systems
Mission & Tactical Systems
Inflight Entertainment Systems
Health Monitoring Systems
Collision Avoidance Systems
Weather Systems
Flight Management Systems
Communication Systems
Navigation Systems
Surveillance Systems
Electrical Systems
By End User
Aftermarket
OEM
By Region
North America
Europe
Asia-Pacific
Rest of the World
Competitive Rivalry
Safran (France), GE Aviation (US), UTC (Collins Aerospace) (US), Honeywell International (US), Thales (France), Curtiss-Wright (US), L3 Communications (US), Meggitt (UK), and others are among the major players in the global Avionics market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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