$20B Global Commercial Avionics Market to Grow 3% Annually Through 2020 Says Avascent Analytics
(firmenpresse) - WASHINGTON, DC -- (Marketwired) -- 07/20/15 -- The global market for commercial avionics equipment is set to grow at a compound annual growth rate (CAGR) of 3.0% through 2020, with $20 billion to be spent on avionics systems for fixed-wing commercial aircraft in 2015 alone. Avascent, a strategy and management consulting firm, recently released the latest iteration of its Commercial Aircraft Systems module, a toolkit feature containing key industry data that has also forecasted the following, notable trends:
Avascent''s 20-year delivery forecast reflects greater confidence in aircraft manufacturers'' ability to fill delivery slots for last off-the-line, "current engine" narrowbody aircraft during the 2016-2019 timeframe, extending the transition period to new-engine variants such as the A320neo and 737MAX
The market for avionics spares equipment for air transport aircraft is forecasted to grow at a 5.3% CAGR during 2015-2020 to reach roughly $4.2 billion in 2020
Original equipment for air transport aircraft will exhibit a more modest growth rate of 2.3% to reach $11.3 billion in 2020
Turboprop aircraft original avionics equipment is projected to total $350 million in 2020
Additional market projections can be found in the overall Avascent Analytics Commercial Aircraft Systems toolkit. This product''s data and analysis offer business development and strategy teams a comprehensive view of the avionics market for fixed-wing commercial aircraft, and other aircraft components such as engines, cabin interiors, and airframe structures. For subscription information or to request a product demonstration, contact Doug Berenson at . Visit Avascent Analytics at .
Avascent is the leading strategy and management consulting firm serving clients operating in government-driven markets, including aerospace & defense, national security, government IT, health care, and numerous others. Working with corporate leaders and financial investors, Avascent delivers sophisticated, fact-based solutions in the areas of strategic growth, value capture, and mergers and acquisitions support. With deep sector expertise, analytically rigorous consulting methodologies, and a uniquely flexible service model, Avascent provides clients with the insights and advice they need to succeed in dynamic customer environments. Visit Avascent at .
For further information, contact:
Ms. Christine Vargas
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Datum: 20.07.2015 - 05:30 Uhr
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News-ID 1373177
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