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Global Commercial Avionics Market to Reach $31.07B by 2024

Dec 13,2017

In 2015, the global market for commercial avionics systems is mainly occupied by top four companies including Thales Group, Honeywell Aerospace, Garmin Ltd. and Rockwell Collins, who collect roughly 77% of the market, reported by transparent market research recently. To grow the competitive in the next few year as leading companies, they will focus on the technology innovation to advance the systems.

The report shows that the global commercial avionics system market revenue will grow at a CAGR 3.5% since 2016 to 2024, which is worth of USD 25.34 billion in 2016 and will be rising up to USD 31.07 billion.

China is the biggest and fastest growing avionics market in the world. In 2014, the Ministry of Industry and Information Technology estimated, the increment of domestic mainline aircraft would reach over 5% of Chinese market share by 2020. The annual revenue of the civil aircraft industry would exceed 100 billion Yuan. In this situation, the avionics system was expected to reach a value of 20 billion Yuan by 2020; the demanding of avionics system will be over 100 billion Yuan in the next following 10 years.

On April 17th -18th 2018, the 7th Civil Avionics International Forum will be held in Shanghai, China, with an Airborne Software and Airborne Electronic Hardware Sub-Forum. To discuss the demand of the Chinese market with global civil avionics industry leaders in this two days event, live presentations, panel discussions, one-to-one business meeting and on-site business docking are involved.


Company Name: Galleon (Shanghai) Consulting Co., Ltd.

Name: Dannie Wang

Email Address: marketing@galleon.cc

Web: http://galleon.cc/conference.asp?id=77

Phone: +86 0 21 5155-9030

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