Increasing Expectation for Enhanced in-Flight Services and Solutions Has Boosted Commercial Avionics Systems Market
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- Category: Science
- Date Submitted: 12/15/2015 11:31 PM
- Pages: 3
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The global commercial avionics systems market stood at US$23.4 bn in 2014 and is expected to reach US$29.3 bn by 2021. The growth of advanced commercial avionics systems in North America is expected to help the global commercial avionics systems market expand at a 3.10% CAGR during the period from 2015 to 2021.
Browse the full Commercial Avionics Systems Market report at:
http://www.transparencymarketresearch.com/commercial-avionics-systems-market.html
Avionics systems primarily are fitted in aircraft to streamline their operational functions. The growing need to have real-time data in place to improve the operational efficiency of aircraft is the primary factor boosting the global commercial avionics systems market. Growing expectations of the passengers to avail enhanced in-flight entertainment services are expected to boost the development of the global commercial avionics systems market in the coming few years. Additionally, increased investment in advanced research and development technologies and launch of enhanced commercial avionics systems and products is predicted to further propel the global commercial avionics systems market.
Asia Pacific to Register Maximum Demand for Commercial Avionics Systems
The global commercial avionics systems market is segmented on the basis of aircraft type, system, and geography. Based on geography, the global commercial avionics systems market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2014, the global commercial avionics systems market was dominated by North America; the region accounted for more than 40% of the total market revenue. The increasing need to maintain real-time data and growing adoption of advanced technology to enhance the efficiency of aircraft has helped North America to dominate the global commercial avionics systems market.
Asia Pacific is expected to be the fastest growing regional market till 2021, expanding at a 4.0% CAGR. Rockwell Collins, Inc.,...
Browse the full Commercial Avionics Systems Market report at:
http://www.transparencymarketresearch.com/commercial-avionics-systems-market.html
Avionics systems primarily are fitted in aircraft to streamline their operational functions. The growing need to have real-time data in place to improve the operational efficiency of aircraft is the primary factor boosting the global commercial avionics systems market. Growing expectations of the passengers to avail enhanced in-flight entertainment services are expected to boost the development of the global commercial avionics systems market in the coming few years. Additionally, increased investment in advanced research and development technologies and launch of enhanced commercial avionics systems and products is predicted to further propel the global commercial avionics systems market.
Asia Pacific to Register Maximum Demand for Commercial Avionics Systems
The global commercial avionics systems market is segmented on the basis of aircraft type, system, and geography. Based on geography, the global commercial avionics systems market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2014, the global commercial avionics systems market was dominated by North America; the region accounted for more than 40% of the total market revenue. The increasing need to maintain real-time data and growing adoption of advanced technology to enhance the efficiency of aircraft has helped North America to dominate the global commercial avionics systems market.
Asia Pacific is expected to be the fastest growing regional market till 2021, expanding at a 4.0% CAGR. Rockwell Collins, Inc.,...