Commercial Avionics Systems Market

Transparency Market

Research

Commercial Avionics Systems Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 – 2021

Published Date

2015-11-24

97 Page Report

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Press Release

Led by North America, Global Commercial Avionics Systems

Market to reach US$29.28 bn by 2021

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Commercial Avionics Systems

Market

REPORT DESCRIPTION

Commercial Avionics Systems Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 – 2021

According to a new market report published by Transparency Market Research “Commercial

Avionics Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2021,” global commercial avionics systems market was valued at US$23.40 bn in 2014, at

a CAGR of 3.1% from 2015 to 2021 to account for US$29.28 bn in 2021.

Browse the full Commercial Avionics Systems Market report at:

http://www.transparencymarketresearch.com/commercial-avionics-systemsmarket.html

The global market for commercial avionics systems is chiefly driven by increasing need for real

time data to improve aircraft’s efficiency. The increasing concerns to improve the safety and

surveillance in aircrafts is also influencing the growth of global commercial avionics systems

market. Modern commercial avionics systems provide advantages to the pilot and the crew in

terms of streamlined and easy control, display and communication functions, thereby reducing

risks associated with human errors during flight. The increasing expectation of the air passengers

for enhanced in-flight services has boosted the demand for in-flight entertainment (IFE) systems,

which in turn is pushing the global market for commercial avionics systems forward.

Among all avionics systems, the navigation segment held the highest revenue share of the...