The growing demand for calculating real time data for the aviation industry is largely driving the global commercial avionics systems market. Largely, developed economies of North America and Europe are providing scope for improvement and development to players from the global commercial avionics systems. Better in-flight entertainment systems, and modern glass cockpit, the market is profiting from such technological advancements in aviation. The market players are in intense competition owing to the improved economy, growing appeal, and ease of air travel. The booming market is all set to witness more competition in the years to come.
Navigation Systems Assist Growth of Commercial Avionics Systems
The global commercial avionics systems market is led by navigation systems for its component and development value. The upgraded older ground and air systems technology is anticipated to become the prime driver for the global commercial avionics systems market. With increase in the use of GPS, multi-mode receivers, and flight management systems, the demand is expected to rise for navigation systems.
Real-time Data Processing Invaluable for Aviation Industry
The technological advancements in the aviation industry is the chief reason for the growth of global commercial avionics systems market. The key factor being the intense demand for real-time data analytics from the aviation industry. The developed economies of North America and Europe has already incorporated such advanced technologies. The faster rate of data processing makes the real-time data analytics an invaluable asset for the aviation industry.
Cyber-attacks to Limit Development of Commercial Avionics Systems Market
The on-going high level of cyber-attacks restricts the development of global commercial avionics systems. Commercial avionics systems depend highly on the internet connectivity, and this in turn leads to opportunity for malicious activities. High maintenance cost of the systems and increasing fuel prices are another factors that limit the adoption of these expensive systems.