Commercial Avionics Market, Size, Share, Dynamics, Trends, Forecast, Growth, and Industry Analysis
The commercial avionics market is estimated to grow at a healthy CAGR of 16.4% during the forecast period.
Market Drivers:
The growth of the commercial avionics market is primarily driven by:
The mandate for automatic dependent surveillance and strong growth in the retrofit aircraft market.
Also, robust growth in emerging countries, the advent of advanced avionic systems for next-gen aircraft, rising need for real-time data, and growing number of aircraft orders.
However, the rising vulnerability of the avionic systems to cyberattacks.