Global Avionics Market Trends, Emerging Technologies, Growth Drivers, Challenges, Business Growing Strategies
Avionics are the electronic systems that are used in aircraft, such as navigation systems, communication systems, display systems, and control systems. In recent years, the avionics market has grown steadily, owing to factors such as rising demand for commercial and military aircraft, increased adoption of advanced avionics technologies, and increased investment in the aviation sector. According To Market.Biz the global avionics market was valued at USD 45.12 billion in 2022 and is projected to reach USD 87.30 billion by 2030, growing at a cagr 8.6% from 2023 to 2030. The increasing demand for commercial and military aircraft is one of…
- Date: March 15, 2023
- Author: William Tatum
- Category: Taiwan News