Lucintel Forecasts Commercial Aerospace Avionics Market to Reach $10.5 Billion by 2027


According to the recent study the commercial aerospace avionics market is projected to reach an estimated $10.5 billion by 2027 from $7.4 billion in 2021, at a CAGR of 6.1% from 2021 to 2027. Growth in this market is primarily driven by increasing aircraft deliveries, replacement of ageing aircraft, and growing demand for better safety and digital communication devices.

Browse 37 figures / charts and 4 tables in this 77 -page report to understand trends, opportunities and forecast in commercial aerospace avionics market by aircraft type (commercial aircraft, regional aircraft, and general aviation), type (communication network and navigation, display system, control system, and radar and surveillance), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/commercial-aerospace-avionics-market.aspx

“Communication network and navigation market is expected to remain the largest segment during the forecast period.”

Based on type, the commercial aerospace avionics market is segmented into communication network and navigation, display system, control system, and radar and surveillance. Lucintel forecasts that the communication network and navigation market is expected to remain the largest segment due to large number of components and systems.

“Europe will dominate the commercial aerospace avionics market in near future”

Europe is expected to remain the largest region during the forecast period due to growing aircraft deliveries, developed economies and mature market.

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Major players of commercial aerospace avionics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Collins Aerospace, Honeywell, Thales, Garmin, Northrop Grumman, Mitsubishi Heavy Industries, and GE Aviation are among the major commercial aerospace avionics providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/commercial-aerospace-avionics-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:

Brandon Fitzgerald

Lucintel

Dallas, Texas, USA

Email:

brandon.fitzgerald@lucintel.com

Tel. 972.636.5056

Cell: 303.775.0751

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