DUBLIN–(BUSINESS WIRE)–The “Avionics Market Based on System, Platform, and Geography – Global Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering.

The Avionics Market is projected to grow at the rate of 9.26% CAGR by 2026.

The key factors responsible for the avionics market are increasing deployment of flight management systems as avionics system caters better safety, augment the operational dependability and flexibility, and minimizes the crew’s work. Additionally, the advanced next-generation flight management system will boost dispatch and makes maintenance easy. On the other hand, the issues regarding cyber-attacks are restricting the avionics market growth.

Avionics are technically advanced systems that are majorly used in aircraft, spacecraft, and helicopters. The aircraft computer system comprises different display units which are installed to perform the particular flight operations. The avionics system consists of navigation which navigates the aircraft, communication, surveillance, and automatic flight management systems. Moreover, these systems need frequent maintenance of several systems and software upgrades.

Companies Mentioned

Garmin Ltd Honeywell International Inc. Cobham Defense Communications United Technologies Corporations General Electric Company Rockwell Collins Thales Group Curtiss-Wright Teledyne Technologies L3 Technologies Meggitt Avionics Market based on System

Software Training & Simulation Software Flight Management Software Safety-Critical Airborne Software Aircraft Health Diagnostic Software Mission Flight Management Software Hardware Weather System In-flight Entertainment System Health Monitoring System Mission & Tactical System Surveillance System Emergency System Electrical System Navigation System Communication System Flight Management System Avionics Market based on Platform

Commercial Aviation Military Aviation Business Jets & General Aviation Helicopters Avionics Market based on Geography

North America Europe Asia Pacific Rest of the World On the basis of the system, the market is furcated into software and hardware. The hardware segment is expected to hold the highest share in the market. The hardware is again divided into various systems. The hardware system performs multiple functions such as flight planning, trajectory prediction, navigation, performance computations, and guidance. It can also be incorporated as a function on several platforms, such as integrated modular avionics cabinets (IMA).

As per the platform, the market is divided into Commercial Aviation, Military Aviation, Business Jets & General Aviation, and Helicopters. The commercial aviation segment has occupied a significant share of the market. This is due to the growing air travel, increased disposable income, and exponential growth in international trade and tourism worldwide. Moreover, the robust expansion of the avionics sector has resulted in a rising number of aircraft orders to increase air passenger traffic. The manufacturers are focusing on avionic components to develop more reliable, precise, and efficient products.

In this market, the North American region held the maximum share of the market. The maximum share is attributed to the increasing demand for commercial aircraft, and their rising usage in the defense sector to carry out activities such as transport and surveillance are the factors supporting the market growth in this region.

Increasing retrofitting aircraft to minimize emission, upsurge fuel efficiency, etc., is the factor fueling the global market’s growth. The rising adoption of avionics worldwide is majorly ascribed to the crew members’ minimized workload, which is accelerating the growth of the avionics market.

For more information about this report visit https://www.researchandmarkets.com/r/xnk3va

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