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Global Commercial Avionics Systems Market Growth, Share, Size, Trends, and Forecast (2023 - 2032) | BAE Systems PLC, General Electric, Honeywell International Inc., L3 Harris Technologies, Meggitt PLC
Commercial Avionics Systems Market Report
As per the commercial avionics systems market report by The Business Research Company, an increase in the number of airline passengers is expected to propel the growth of the commercial avionics systems market going forward. The avionic systems are the electronic systems used on aircraft that include communications, navigation, the display and management of multiple systems, and other functions. This helps in the better functioning of aircraft, which would result in increased passenger numbers.
The global commercial avionics systems market size grew from $26.96 billion in 2022 to $27.77 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The commercial avionics systems market size is expected to grow to $32.03 billion in 2027 at a CAGR of 3.6%.
Read More On The Commercial Avionics Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-avionics-systems-global-market-report
Major competitors in the commercial avionics systems market include BAE Systems PLC, General Electric, Honeywell International Inc., L3 Harris Technologies, Meggitt PLC, Panasonic Corporation, Raytheon Technologies Corporation, Teledyne Technologies Inc., Thales Group, Universal Avionics Systems Corporation, Curtiss-Wright Corporation, Cobham Limited, Diehl Stiftung & Co. KG, Astronautics Corporation of America, Kontron Sandt AG, Air Data Inc., Astronics Max-Viz, Avidyne Corporation, Bendix/King, EuroAvionics Navigation Systems GmbH Co. KG, and FLIR Systems.
The commercial avionics systems market is segmented -
•By Sub System: Flight Management And Control, Health Monitoring, Electrical And Emergency, Communication Navigation And Surveillance, Other Sub Systems
•By Fit: Retrofit, Forward Fit
•By Aircraft Type: Narrow Body, Wide Body, Regional and Business Jet, Freighter
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the commercial avionics systems market.
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Commercial avionics products include flight controls, flight management equipment, navigation equipment, aircraft sensors, surveillance systems, and other integrated systems. The commercial avionics systems are used in cockpit electronics and airborne equipment specifically designed for use in aviation. Multiple functions are integrated into the most advanced avionics systems to improve performance, simplify maintenance, and keep costs down.
The Table Of Content For The Commercial Avionics Systems Market Include:
1. Executive Summary
2. Commercial Avionics Systems Market Characteristics
3. Commercial Avionics Systems Market Trends And Strategies
4. Commercial Avionics Systems Forwarding Market - Macro Economic Scenario
5. Commercial Avionics Systems Market Size And Growth
……
26. Africa Commercial Avionics Systems Market
27. Commercial Avionics Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Commercial Avionics Systems Market
29. Commercial Avionics Systems Market Future Outlook and Potential Analysis
30. Appendix
The "Global Commercial Avionics Systems Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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