Published On : 27 Jul 2016
A new market intelligence report, titled “Global Display for Avionics Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,” has recently been added by QYReseachReports.com to its comprehensive collection of research reports. The research report analyzes the major drivers, barriers, and potential opportunities in the overall market.
The increasing demand for multipurpose helicopters in the military sector and rising demand for automation across the globe are the prominent factors estimated to augment the growth of the global display for avionics market throughout the forecast period. In addition, the growing need to enhance the safety standards is estimated to drive the overall market in the next few years. The influx of auto-GCAS and growing adoption of head-up displays for advanced surface movement, guidance and control systems (A-SMGCS) are creating potential opportunities for the major players in the market. The emergence of advanced micro-display technologies is estimated to fuel the growth of the global display for avionics market in the next few years.
On the flip side, the cyclical nature of the aviation industry and rising safety concerns with the digital cockpit systems are among the major challenges that are estimated to hamper the growth of the market in the forecast period. The reduction in defense expenditure is also projected to curtail the growth of the display for avionics market across the globe.
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In-flight displays are considered as one of the key products in the global display for avionics market. The in-flight displays offer several advantages by presenting the flight details such as air pressure, fuel status, airport traffic details, altitude, temperature, navigational position, and weather condition. These benefits offered by in-flight displays are projected to propel the global display for avionics market in the coming years.
The U.S. is estimated to account for the largest share in the global display for avionics market in the near future. The rapid growth of this region can be attributed to the increased spending of the U.S. government to improve the operational efficiency of the airlines. In addition, the rising number of commercial aircraft in the U.S. are estimated to boost the demand for avionics displays in the forecast period.
The global display for avionics market is quite competitive in nature and is projected to get intense in the next few years. The prominent players operating in the global display for avionics market are competing with each other on the basis of the quality of product, cost, and aftersales services. In addition, these players are emphasizing on developing high-quality and cost-effective cockpit display systems, which are equipped with high-end technology. Some of the players analyzed in the research study are BAE Systems, Rockwell Collins, Elbit Systems, Saab, Honeywell Aerospace, Esterline Technologies, and Thales.