Connect with us

Technology

Commercial Aircraft Avionic Systems Market to grow by USD 3.6 billion from 2024-2028, driven by demand for commercial aircraft, AI-powered insights

Published

on

NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global commercial aircraft avionic systems market  size is estimated to grow by USD 3.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 1.68%  during the forecast period. Increasing demand for commercial aircraft is driving market growth, with a trend towards preference for satellite-based cockpit connectivity. However, complications associated with malfunctioning  poses a challenge. Key market players include Airbus SE, Avidyne Corp., Avilution, LLC, BAE Systems Plc, Curtiss Wright Corp., Field Aerospace, Garmin Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Meggitt Plc, Northrop Grumman Corp., Panasonic Avionics Corporation., Safran SA, Sagetech Avionics Inc., Samtel Avionics., Teledyne Technologies Inc., Thales Group, The Boeing Co., and Universal Avionics Systems Corporation.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Application (FCS, CN and S, FMS, and AHMS), Distribution Channel (Line fit and Aftermarket), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Airbus SE, Avidyne Corp., Avilution, LLC, BAE Systems Plc, Curtiss Wright Corp., Field Aerospace, Garmin Ltd., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Meggitt Plc, Northrop Grumman Corp., Panasonic Avionics Corporation., Safran SA, Sagetech Avionics Inc., Samtel Avionics., Teledyne Technologies Inc., Thales Group, The Boeing Co., and Universal Avionics Systems Corporation

Key Market Trends Fueling Growth

The Commercial Aircraft Avionic Systems Market refers to the industry that produces and installs advanced electronic systems in commercial aircraft. These systems include navigation aids, communication equipment, and surveillance systems. The market is driven by increasing demand for safer and more efficient air travel. Key players include Honeywell, Rockwell Collins, and Thales. Growth is expected due to rising air traffic and technological advancements. 

The Commercial Aircraft Avionic Systems Market is experiencing significant growth in the aviation industry, driven by trends such as defense organizations’ use of uncrewed aerial vehicles and aviation safety initiatives. Regulations and certifications play a crucial role, with regulatory requirements for flight safety, situational awareness, and cybersecurity. Avionics upgrade packages are in demand as aircraft operators seek to enhance their fleet’s capabilities. Military agencies and aircraft manufacturers collaborate to develop innovative technologies like digital cockpits and connectivity solutions. Avionics manufacturers face challenges such as stringent regulations, compatibility issues, and economic downturns. Key players include FAA, Aircraft OEMs, MRO providers, and automotive electronics market. The market is segmented by aircraft models, with widebody jets and narrowbody segments leading the way. Low-cost carriers prioritize flight management, while pilots and passengers focus on emissions, fuel consumption, and comfort features. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The Commercial Aircraft Avionic Systems Market refers to the sale and supply of advanced electronic systems used in the operation and navigation of commercial aircraft. These systems include communication, navigation, surveillance, and weather radar systems. The market is driven by factors such as increasing air traffic, technological advancements, and growing demand for safety and efficiency in air travel. Major players in this market include Honeywell, Rockwell Collins, and Thales.The Commercial Aircraft Avionic Systems Market is experiencing significant growth due to increasing passenger traffic and aircraft demand. Aircraft Original Equipment Manufacturers (OEMs) and Maintenance, Repair, and Overhaul (MRO) providers are under pressure to deliver advanced avionic systems for both widebody and narrowbody jets. The Federal Aviation Administration (FAA) and regulatory frameworks in emerging economies are driving fleet expansion and the integration of new technologies. Challenges include the vulnerability to cyber-attacks, real-time data requirements, and the need for systems that fit next-generation aircraft and commercial aviation networks. Sub-systems like flight management, flight control, navigation & surveillance, electrical & emergency, communication, systems electronics, engine controls, and aircraft operations computer are essential for all types of aircraft, including freighters, narrow body, wide body, regional & business jets. Low-cost carriers are driving demand for cost-effective solutions, while in-flight entertainment and advanced air mobility are emerging trends. The market is expected to continue growing due to the increasing middle-class population and freight volume. However, system expenditure and network capacities remain key concerns. Mosaic ATM and Nextgen aircraft are expected to revolutionize the industry, but the regulatory framework and cybersecurity vulnerabilities must be addressed.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This commercial aircraft avionic systems market report extensively covers market segmentation by

Application 1.1 FCS1.2 CN and S1.3 FMS1.4 AHMSDistribution Channel2.1 Line fit2.2 AftermarketGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 FCS-  The Commercial Aircraft Avionic Systems Market refers to the business sector that produces and supplies advanced electronic systems for the aviation industry. These systems enhance aircraft safety, navigation, and communication capabilities. Market growth is driven by increasing air traffic, technological advancements, and regulatory requirements. Key players include Honeywell, Rockwell Collins, and Thales. Companies invest in research and development to offer innovative solutions and maintain their competitive edge.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data ( – )

Research Analysis

The Commercial Aircraft Avionic Systems Market is driven by increasing passenger traffic and aircraft demand. Aircraft OEMs are integrating advanced avionic systems in new aircraft models to meet the needs of airlines and passengers. Regulatory bodies like the FAA are pushing for fleet expansion and the adoption of modern avionic systems for safety and efficiency. Widebody jets and narrowbody segments are witnessing significant growth due to their fuel efficiency and low operating costs. Flight management, flight control, navigation & surveillance systems, electrical & emergency systems, and innovative technologies like digital cockpits and connectivity solutions are key avionic systems in demand. Avionics manufacturers face challenges such as stringent regulations, certifications, cyber threats, compatibility issues, economic downturns, emissions, and fuel consumption. The automotive electronics market is also influencing the avionics industry with advancements in technology and cost savings.

Market Research Overview

The Commercial Aircraft Avionic Systems Market is experiencing significant growth due to increasing passenger traffic and aircraft demand. Avionic systems play a crucial role in aircraft operations, including flight management, flight control, navigation & surveillance, electrical & emergency, communication, systems electronics, engine controls, and in-flight entertainment. The market is segmented into widebody jets, narrowbody segment, freighters, regional & business jets, and sub-systems. Factors driving market growth include fleet expansion, MRO providers, and regulatory framework. However, vulnerability to cyber-attacks, regulatory requirements, and economic downturns pose challenges. Next-generation aircraft, advanced air mobility, and unmanned aerial vehicles are emerging trends. The market comprises airlines, aviation industry players, defense organizations, and avionics manufacturers. Key trends include real-time data, network capacities, system expenditure, and innovative technologies like digital cockpits and connectivity solutions. The market is subject to stringent regulations and certifications, as well as concerns over cyber threats, compatibility issues, and environmental sustainability.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationFCSCN And SFMSAHMSDistribution ChannelLine FitAftermarketGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/commercial-aircraft-avionic-systems-market-to-grow-by-usd-3-6-billion-from-2024-2028–driven-by-demand-for-commercial-aircraft-ai-powered-insights-302261075.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

Published

on

By

Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

View original content to download multimedia:https://www.prweb.com/releases/as-2025-irs-mileage-rate-hits-70-cents-expert-warns-ditch-risky-apps-for-secure-paper-tracking-302337779.html

SOURCE Gig economy expert Ed Ryder

Continue Reading

Technology

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

Published

on

By

NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-ascension-health-customers-whose-data-may-have-been-compromised-302337976.html

SOURCE Edelson Lechtzin LLP

Continue Reading

Technology

Earth’s pulse monitored: a review highlights remote sensing time series progress

Published

on

By

As urbanization accelerates and environmental dynamics shift, the need for accurate and timely terrestrial monitoring has never been more urgent. A review has introduced a novel approach to remote sensing time series analysis, integrating multi-source data to enable near real-time monitoring. This innovative methodology promises to transform environmental conservation and urban planning by providing unprecedented insights into terrestrial changes and offering a more precise understanding of environmental dynamics.

GUANGZHOU, China, Dec. 22, 2024 /PRNewswire-PRWeb/ — An international team of researchers from South China Normal University, the University of Connecticut, and the Chinese Academy of Sciences has made a significant breakthrough in remote sensing. Their review, published (DOI: 10.34133/remotesensing.0285) in the Journal of Remote Sensing on December 11, 2024, addresses key challenges in remote sensing, such as incomplete data and noise interference. The team’s new time series analysis technique leverages advanced data reconstruction and fusion methods, significantly enhancing the precision and efficiency of remote sensing for monitoring environmental changes.

The research team has developed an advanced time series analysis technique that combines deep learning algorithms with traditional remote sensing methods to integrate data from various remote sensing sources. This innovative approach allows for the extraction of subtle patterns from large, complex datasets, which is crucial for monitoring critical environmental parameters such as land use and vegetation health. Unlike conventional techniques that struggle with incomplete or noisy data, this new methodology offers enhanced accuracy and more reliable insights into terrestrial dynamics, paving the way for more effective environmental monitoring.

Central to the study’s success is the integration of Long Short-Term Memory (LSTM) networks and Generative Adversarial Networks (GANs) to address the challenges posed by missing or noisy data. The LSTM networks capture temporal trends over time, while the GANs generate synthetic data that mimics real-world observations to fill gaps and correct for atmospheric distortions. This dual approach has resulted in a cleaner, more accurate time series dataset, which was validated against independent ground truth measurements. The researchers demonstrated significant improvements in key vegetation indices, such as the Normalized Difference Vegetation Index (NDVI), setting a new benchmark in the field of remote sensing.

Experts in the field have lauded the study’s potential to revolutionize remote sensing applications. They see the method as a transformative tool for enhancing high-resolution monitoring and extending its coverage, particularly in agricultural surveillance, urban planning, and environmental management. “This method represents a crucial advancement in our ability to monitor environmental changes,” says Professor Fu. “As it evolves, it could play a key role in addressing climate change and other global challenges.”

The methodology’s future applications are vast, especially in global environmental monitoring and supporting sustainable development goals. By integrating multi-temporal data from Landsat and Sentinel-2 satellites, the team has created a framework for accurate and continuous terrestrial analysis. As computational power advances and algorithms improve, this technology is expected to become a vital tool for natural resource management, disaster response, and climate change mitigation. In the years to come, it could provide critical data to help policymakers address pressing environmental issues on a global scale.

References

DOI

10.34133/remotesensing.0285

Oiginal Source URL

https://doi.org/10.34133/remotesensing.0285

Funding information

This work was supported by the National Nature Science Foundation of China (grant numbers 42425001 and 42071399).

About Journal of Remote Sensing

The Journal of Remote Sensing, an online-only Open Access journal published in association with AIR-CAS, promotes the theory, science, and technology of remote sensing, as well as interdisciplinary research within earth and information science.

Media Contact

George Hua, Chuanlink Innovations, 1 8656606278, TranSpread1@gmail.com, http://chuanlink-innovations.com/

View original content to download multimedia:https://www.prweb.com/releases/earths-pulse-monitored-a-review-highlights-remote-sensing-time-series-progress-302337250.html

SOURCE Journal of Remote Sensing

Continue Reading

Trending