Lucintel’s latest market report analyzed that commercial aerospace avionics provides attractive opportunities in commercial aircraft, regional aircraft, and general aviation. The commercial aerospace avionics market is expected to reach $10.5 billion by 2027 with a CAGR of 6.1%. In this market, communication network and navigation is the largest segment by type. Power saving display systems, better communication devices for air traffic control, integrated avionics, and digitalization provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/commercial-aerospace-avionics-market.aspx Based on type, the commercial aerospace avionics market is segmented into communication network and navigation, display system, control system, and radar and surveillance. The communication network and navigation segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to large number of components and systems.
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4 – Tables
37 – Figures
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The Commercial aerospace avionics Market is marked by the presence of several big and small players. Some of the prominent players offering commercial aerospace avionics include Collins Aerospace, Honeywell, Thales, Garmin, Northrop Grumman, Mitsubishi Heavy Industries, and GE Aviation.
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