© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Aerospace Avionics Market to cross $94 Bn by 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Aerospace Avionics Market to surpass USD 94 billion by 2025Burgeoning production of low- cost aircrafts in emerging nations like China and India will significantly spur the demand for new air carriers. With regards to the end-use application landscape, the OEM segment of the overall aerospace avionics industry outlook is poised to amass substantial gains over the forecast timeline owing to the mounting number of orders from several airline charter companies and service providers. In fact, in August 2019, Air China awarded Chinese production firm COMAC a $1.33 billion contract to supply the 35 ARJ aircraft, the first of which is expected to be delivered by Aerospace Avionics Market  This massive upsurge in wealth levels will boost the business jet & general aviation market segment with an appreciable expected growth rate of over 4% by Industry demand will be further impelled by the growing number of air taxis and air charter firms across the world.  The booming tourism industry is asserting a positive influence on the expansion of commercial aviation. According to the Boeing Outlook of , the APAC region is anticipated to generate over 17,000 aircraft deliveries in order to accommodate passenger growth. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  According to the International Air Transport Association (IATA), the APAC passenger traffic is set to witness annual growth of over 4.7%. This growth is attributed to the rising air traffic levels in the region coupled with the steady advancement of the global economy, which will in turn fuel aerospace avionics market trends over the projected timeline.  The U.S Federal Aviation Administration (FAA), which is responsible for the supervision of aircraft avionics application across the region has initiated several mandates for avionics installation and operation in new aircrafts and the aftermarkets, aimed at providing customers secure and seamless aircraft functions through enhanced avionics solutions.  Aerospace avionics marker growth is bolstered considerably by surging levels of wealth in recent times coupled with growing global demand for advanced commercial and passenger aircrafts. Escalating passenger and cargo air traffic in regions like Asia Pacific and the Middle East is contributing heavily towards augmented demand for new aircrafts, in turn propelling the demand for advanced avionics systems. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Profiled Key Players:-  Airbus S.A.S  Aviation Industry Corporation of China, Ltd. (AVIC)  Astronics Corporation  Boeing  Ball Corporation  BAE Systems  Cobham plc  Curtiss Wright  Elbit System  Gramin Ltd These market players are primarily focusing on development of new technology, launching novel products with innovative variations and adopting partnership and collaboration as key strategies to establish their position in the market. Profiled Key Players:-

© 2016 Global Market Insights, Inc. USA. All Rights Reserved By System By Application By Region Key Segments: Aerospace Avionics Market Aerospace Avionics Market Segmentation :-

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