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Next-generation avionics are electronic equipment incorporated in aircraft to help pilots maneuver efficiently. They include communication systems, autopilot systems, sensors, transponders, flight management systems, navigational systems, displays, and anti-collision systems. The next-generation avionics market is heavily influenced by the number of operational aircraft. The introduction of A320neo, A350XWB, and B737max has led for upgrades of many existing fleets, as they try to adopt the latest technologies incorporated in these new aircraft. Also, development of light-weight avionics has led to the achievement of optimum payload to range ratio.
Technavio's analysts forecast the global commercial aircraft next-gen avionics market to grow at a CAGR of 3.7% over the period 2014-2019.
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