Commercial Aircraft Avionic Systems Market- Roadmap for Recovery from COVID-19 | Development of Electric Aircraft to Boost the Market Growth | Technavio
Technavio has been monitoring the commercial aircraft avionic systems market and it is poised to grow by USD 11.97 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
What are the major trends in the market?
The adoption of advanced next-generation aircraft components is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.78% and the incremental growth of the market is anticipated to be $ 11.97 bn.
Who are the top players in the market?
Cobham Plc, Curtiss-Wright Corp., Elbit Systems Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Safran SA, Teledyne Technologies Inc., Thales Group, and United Technologies Corp, are some of the major market participants.
What are the key market drivers and challenges?
The development of electric aircraft will offer immense is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 33% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Cobham Plc, Curtiss-Wright Corp., Elbit Systems Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Safran SA, Teledyne Technologies Inc., Thales Group, and United Technologies Corp. are some of the major market participants. The development of electric aircraft will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Commercial Aircraft Avionic Systems Market 2020-2024: Segmentation
Commercial Aircraft Avionic Systems Market is segmented as below:
Commercial Aircraft Avionic Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial aircraft avionic systems market report covers the following areas:
Commercial Aircraft Avionic Systems Market Size
Commercial Aircraft Avionic Systems Market Trends
Commercial Aircraft Avionic Systems Market Industry Analysis
This study identifies the adoption of advanced next-generation aircraft components as one of the prime reasons driving the commercial aircraft avionic systems market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Commercial Aircraft Avionic Systems Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist commercial aircraft avionic systems market growth during the next five years
Estimation of the commercial aircraft avionic systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the commercial aircraft avionic systems market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial aircraft avionic systems market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Preface
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Value Chain Analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
FCS - Market size and forecast 2019-2024
CN&S - Market size and forecast 2019-2024
FMS - Market size and forecast 2019-2024
AHMS - Market size and forecast 2019-2024
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Market segmentation by distribution channel
Comparison by distribution channel
Line fit - Market size and forecast 2019-2024
Aftermarket - Market size and forecast 2019-2024
Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Preference for satellite-based cockpit connectivity
Development of electric aircraft
Emergence of blockchain in aviation
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Cobham Plc
Curtiss-Wright Corp.
Elbit Systems Ltd.
General Electric Co.
Honeywell International Inc.
L3Harris Technologies Inc.
Safran SA
Teledyne Technologies Inc.
Thales Group
United Technologies Corp.
PART 15: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
About Us
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