Helicopter Avionics Market – Overview
The technological breakthroughs in avionics are motivating the market considerably. Reports that explore the aerospace and defense industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to attain a CAGR of 9.76 % approximately in the forecast period.
The significant companies boosting the helicopter avionics market are Astronautics Corporation of America (U.S.), Cobham Plc (U.K), Avidyne Corporation (U.S.), Elbit Systems Ltd (Israel), Honeywell International Inc. (U.S.), Esterline Technologies Corporation (U.S.), Garmin Ltd (U.S.), Rockwell Collins (U.S.), Leonardo S.p.A. (Italy), and Thales Group (France).
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The modernization initiatives being undertaken for helicopter avionics is expected to create a beneficial outlook for market growth. The improved availability of autopilots and cockpit displays is anticipated to generate favorable prospects for progress in the upcoming period.
Industry Updates:
May 2019 Spokespersons of the Air Force Materiel Command at Robins Air Force, have announced a USD 74.9 million contract to Sierra Nevada recently to put in degraded visual environment systems (DVES) on 85 HH-60G Pave Hawk helicopters to expand situational alertness for pilots and aircrew working in DVE conditions. Sierra Nevada’s DVES will enhance new helicopter avionics competences to the Air Force HH-60G. This contract covers installation, procurement, and integration of the DVES on 85 HH-60G helicopters.
Competitive Analysis
The market is well-armed to find the way throughout the unstable tides, unforeseen turmoil, and unexplored waters in the international economy. The profit generation streams in the market are optimized to yield maximum benefits in the coming years. The alternatives present for growth in the market are lucrative to long term growth of the market. The opportunity costs in the market are not elevated and are beneficial to progress in the market. The benefits to the economy from the development of the market are high. The current economic climate is promoting stable development in the market by favorable availability of resources. The market has accomplished a superior stride in the past couple of years, which is underscored by the events with regards to valuation. The increase in sponsors in the market plays an essential role in the progress of the market. The reduction in the barriers to trade is anticipated to embody cutting-edge areas for expansion in the approaching years. The augmentation of the resources important to endure competition has enhanced broadly directed to a top development rate of the market.
Segmental Analysis
The segmental evaluation of the Helicopter Avionics Market is segmented on the basis of system, engine type, and region. Based on the Engine Type, the helicopter avionics market is segmented into Twin Engine and Single Engine. On the basis of system, the helicopter avionics market is segmented into the health monitoring system, flight management system, navigation & surveillance system, communication system, electrical & emergency system. Based on the region, the helicopter avionics market is segmented into North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Detailed Regional Analysis
The regional examination of the helicopter avionics market covers regions such as the Middle East, Africa, North America, Europe, Asia Pacific, and South America. The North American region was credited for the principal market segment of 38.53% in 2016, with a market worth of USD 522.3 million and is anticipated to observe a CAGR of 10.72% throughout the forecast period. The region is a favorable base to a few of the world’s most well-known civil, commercial, and military helicopter builders. In addition, the region also leads in the global technological developments and, therefore, produces very high demand for helicopter avionics systems.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued……..
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List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Major Granted Patents on Helicopter Avionics (19th April 2013 – 19th April 2017)
Table 4 Global Helicopter Avionics Market, by Engine Type, 2015 – 2023 (Usd Million)
Table 5 Global Helicopter Avionics Market, by System, 2015 – 2023 (Usd Million)
Table 6 Global Helicopter Avionics Market, by Region, 2015-2023 (Usd Million)
Continued…….
List of Figures
Figure 1 Global Helicopter Avionics Market: Market Structure
Figure 2 Key Takeaways From Helicopter Avionics Market
Figure 3 Key Buying Criteria of Helicopter Avionics
Figure 4 Research Process of Mrfr
Figure 5 Top Down & Bottom Up Approach
Continued…..
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