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Global avionics market explored in latest research

Automotive and Transportation Market Research

The avionics market is experiencing a shift to a satellite based system from a ground-based air traffic control system and is in the direction of more high-speed, high-bandwidth, and compute-intensive avionics.

Market Highlights

Further, the increase in growth is highly attributed to an increase in aircraft deliveries particularly, in developing nations; need for improved flight operations through real-time data; as well as enhanced decision making, and adoption of avionics systems to fulfill advanced aircraft and regulatory requirements.

The global avionics market is expected to soar high in the forecast period. Factors such as rise in the number of aircraft deliveries, increased military aircraft spending by emerging countries, and the recent trend of airspace modernization are propelling the growth of this market.