5:06 AM Air Data Systems Market to experience an impressive growth of 7.2% during 2020-2025 |
Air Data Systems Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. Air Data Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Growth in the number of aircraft orders and deliveries and escalating demand for large military UAVs are the major factors expected to underpin the growth of the global air data systems market during the forecast period. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/685/air-data-systems-market.html Air Data Systems Market Segment Insights: By End-User Type:The civil segment owns a larger market size and is also estimated to register a higher growth during the forecast period. Fueled by factors, such as increase in air travel, rise in disposable income, and growth in international tourism, among others, the civil aviation industry across the globe has been witnessing robust growth in recent years. By Aircraft Type: The narrow-body aircraft segment led the market in 2018, and is expected to continue its dominance during the forecast period as well. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a collective share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. By Component Type:The electronic unit segment is estimated to register the highest growth during the forecast period. The growth is owing to the compliance with the FAA-RVSM mandate, there should be an RVSM (Reduced Vertical Separation Minimum) compliant electronic unit for every aircraft flying between flight level (FL) 290 and 410 (inclusive). By Region: North America led the global air data systems market in 2018, and is expected to continue its dominance during the forecast period. The aviation industry is one of the most lucrative industries in North America, with giant aircraft manufacturers, such as Boeing (U.S.), Lockheed Martin (U.S.), Bell Helicopter (U.S.), Sikorsky Aircraft (U.S.), and Bombardier (Canada) present in the region. These manufacturers facilitate in generating demand for air data systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/685/air-data-systems-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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