USD 584.70 mn growth in Helicopter Avionics Market from 2020 to
NEW YORK, Nov. 30, 2021 /PRNewswire/ — The helicopter avionics market share growth by the monitoring systems segment has been significant for revenue generation. The helicopter avionics market estimates a market value of USD 584.70 million from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 7.37%. The report offers a detailed analysis of the market and the new opportunities that market players can expect.
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Helicopter Avionics Market: Drivers & Challenges
The increase in adoption of helicopters in multiple applications & the introduction of new and modernized helicopters are notably driving the helicopter avionics market growth. However, factors such as overdependence on automation systems harmful for pilots may impede the market growth. The in-depth analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge. Technavio report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.
Helicopter Avionics Market: Key Vendors Analysis
The helicopter avionics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The helicopter avionics market report also offers information on several market vendors, including Aspen Avionics Inc., Avidyne Corp., Garmin Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corp., Safran SA, Thales Group, and The Boeing Co. among others
Helicopter Avionics Market: Segmentation Analysis
This market research report segments the helicopter avionics market by Component (Monitoring systems, Communication and navigation systems, and Flight control systems) and Geography (North America, Europe, APAC, South America, and MEA).
33% of the market’s growth will originate from North America. The US and Canada are the key markets for helicopter avionics market in North America. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
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Helicopter Blades Market –The helicopter blades market has the potential to grow by USD 122.26 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.50%.
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