WASHINGON, DC–The global market for commercial avionics equipment is set to grow at a a compound annual growth rate of (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:
- An increase in “current engine” variant aircraft production: 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
- Spares equipment to grow faster than original equipment: 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
- The market for turboprop aircraft equipment to grow 5.5% annually: 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 email@example.com. Visit Avascent Analytics at analytics.avascent.com.
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 www.avascent.com.
For further information, contact: Ms. Christine Vargas at firstname.lastname@example.org.