According to the most recent report by Emergen Research, the avionics market will have a value CAGR of 8.2% over the forecast period, reaching USD 44.50 billion in 2021. A major component propelling the market's expansion is the steadily improving state of aeroplane computers. The integrated avionics are reducing the price of the electronic control unit while simultaneously improving aeroplane performance. System-Wide Information Management (SWIM), next-generation network-enabled weather, Automated Dependent Surveillance-Broadcast (ADS-B), and next-generation data communications are all included in the final product. The integrated solution improves the aircraft's ability to communicate, regulate air traffic, and keep track of its surroundings.
The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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Competitive Terrain:
The global Avionics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
BAE Systems, Cobham, Garmin Ltd., Collins Aerospace, Meggitt PLC, Curtiss-Wright Corporation, General Electronic, UAVIONIX Corporation, CMC Electronics Inc., Dynon Avionics Inc.
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Additional information offered by the report:
Along with a complete overview of the global Avionics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Avionics market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
Power & Data Management
Communication
Navigation
Flight Management
Weather Detection
Electronic Flight Display
Business Jets
Commercial
General Aviation
Military
OEM
Aftermarket
Radical Highlights of the Avionics Market Report:
Comprehensive overview of the Avionics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Avionics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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