Commercial Aircraft NextGen Avionics Market: Growth Analysis, Trends and Scope T

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2. Commercial Aircraft NextGen Avionics Market The COVID-19 outbreak proved very drastic for a variety of businesses and forced governments across the globe to implement strict lockdowns and led to social distancing being made mandatory to contain the spread of the virus. As a result, people started avoiding visiting places, and the demand for any means of transportation, including air travel, observed a huge decline in 2020. As a result, thousands of airplanes were grounded worldwide, and the industry witnessed a huge slump in revenues. The aviation sector is expected to witness significant losses in the current year, 2021 owing to the uncontrolled situation of the pandemic across several parts globally. The losses witnessed by the aviation sector have impacted the adoption of innovative technologies such as AI in avionics systems. Airports and airlines suffered to a large scale by the pandemic that stopped the companies and authorities to invest in advanced nextgen avionics systems. Request Customization

3. Commercial Aircraft NextGen Avionics Market The global commercial aircraft nextgen avionics market was valued at $4,420.0 million in 2020 and is projected to reach $9,150.5 million in 2030, registering a CAGR of 8.3%. The avionics equipment elements of nextgen avionics have been defined in North America through efforts led by the Federal Aviation Administration (FAA) and Radio Technical Commission for Aeronautics (RTCA). They include leveraging existing aircraft capabilities, such as GPS/WAAS, localizer performance with vertical guidance (LPV), area navigation (RNAV) and terminal required navigation performance (RNP), vertical navigation (VNAV) and flight information system broadcast (FIS-B), as well as increased use of portable or installed electronic flight bags (EFBs). Connect Analyst

4. Commercial Aircraft NextGen Avionics Market Key Benefits For Stakeholders • This study presents analytical depiction of the global commercial aircraft nextgen avionics market analysis along with current trends and future estimations to depict imminent investment pockets. • The overall commercial aircraft nextgen avionics market opportunity is determined by understanding profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities of the global commercial aircraft nextgen avionics market with a detailed impact analysis. • The current commercial aircraft nextgen avionics market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. Purchase Enquiry

5. Commercial Aircraft NextGen Avionics Market Major Companies:  BAE Systems PLC  Cobham Limited  Curtiss-Wright  General Electric Company  Honeywell International Inc.  L3Harris Technologies Inc.  Raytheon Technologies Corporation  Safran  Teledyne Technologies Incorporated  Thales Group Request Customization [ "COVID-19 impact" ]

6. Commercial Aircraft NextGen Avionics Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 States TollFree (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446- 1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20- 66346060 Fax: +1⟨855⟩550- 5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com United