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

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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.

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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. 

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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.

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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/

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SOURCE Technavio

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CHINT Shines on Forbes Global Brand Top 30

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SHANGHAI, Nov. 22, 2024 /PRNewswire/ — The “2024 Forbes China Go-International Brands Top 30” results have been officially announced. CHINT has earned a spot on the prestigious list and is recognized for its outstanding performance and significant contributions on the global stage. This honor highlights CHINT’s high recognition in international markets and marks a solid step forward in advancing Chinese brands globally.

After more than two decades of overseas development, CHINT Group has steadily expanded its business to over 140 countries and regions worldwide, covering key industries such as low-voltage electrical appliances, smart electrical equipment, instrumentation, and green energy. CHINT Global’s globalization strategy is reflected not only in its extensive business layout but also in the localization of talent and R&D.

Globally, CHINT employs over 50,000 people across five business regions and more than 40 subsidiaries, with a local talent rate exceeding 66%. The company has established 20 research institutes worldwide, focusing on the customized development of localized products, investing 3%-12% of its annual sales revenue in R&D, accumulating over 8,000 authorized patents, and participating in the formulation of industry and international standards more than 400 times.

Regarding localized manufacturing, CHINT Group has 28 manufacturing bases globally, including eight overseas, with product lines covering the full range of products. Regarding localized delivery, local logistics centers have been established in all five business continents, increasing international project coverage by over 50% and shortening the average delivery cycle by more than 60 days.

The Forbes Brand Going Global award for CHINT means a high recognition of its efforts in implementing globalization strategies, promoting localized operations, and driving innovative development. This honor is not only an affirmation of the past but also an inspiration for the future. CHINT Global will continue to forge ahead, striving to become a global leader in the full industry chain of smart electrical energy solutions, and will continue to contribute to the development of the global energy and electricity industry.

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View original content:https://www.prnewswire.co.uk/news-releases/chint-shines-on-forbes-global-brand-top-30-302314106.html

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KBR’s Market-Leading Ammonia Technology Selected by AMUFERT, Angola

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HOUSTON, Nov. 22, 2024 /PRNewswire/ — KBR (NYSE: KBR) announced today that it has signed an agreement with AMUFERT for the development of a new ammonia plant in Soyo, Angola.

Under the terms of the contract, KBR will provide a technology license, proprietary engineering design, equipment and catalyst solutions for AMUFERT’s 2,300 metric tons per day ammonia plant. Leveraging KBR’s proprietary technologies and expertise in ammonia, the planned facility will assist Angola and its neighboring countries move towards greater food security and self-sufficiency.

“We are thrilled to be a part of this project and support AMUFERT’s efforts in accelerating sustainable agriculture in Angola through our leading ammonia technology,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “KBR has a proud legacy in Angola, and we look forward to working closely with AMUFERT and our partners to ensure the success of this important project.”

KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered or constructed over 260 grassroot ammonia plants worldwide.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding future project performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.

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At Its European Innovation Day 2024, Huawei Advocates Collaboration to Unlock Europe’s Potential

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PARIS, Nov. 22, 2024 /CNW/ — Huawei hosted the 2024 “Europe Innovation Day” in Paris, an event where European tech leaders, business representatives, and innovation experts explored opportunities for cross-border and cross-industry collaboration. Under this year’s theme of “Unleashing the Potential of European Innovation,” the event addressed critical challenges in Europe’s digital transformation, offering strategies to strengthen regional ecosystems and enhance global competitiveness.

Driving Europe’s Digital Progress through Cooperation

Jesus Contreras, Chief Operations and Financial Officer of EIT Digital, stated: “Innovation is never a solo endeavor; it relies on collaboration and exchange among all parties.” He emphasized that digital innovation flourishes when global partners and customers with diverse perspectives unite, bringing energy and momentum to collaborative efforts.

Nicola Caputo, Regional Minister of Campania (Italy) and Member of the European Committee of the Regions, highlighted the challenges Europe faces in its digital transformation, such as insufficient digital literacy, lagging commercial adoption, and uneven 5G coverage. He called for governments to strengthen cross-border cooperation to boost Europe’s global competitiveness in the digital economy.

Ximo Puig, Spain’s Permanent Representative to the OECD, stated: “Innovation is essentially a framework. Governments, businesses, and society must leverage this framework to collectively foster long-term development and build a fully connected world.”

Laurent Lafforgue, a renowned mathematician at Huawei Technologies France, said: “The rapid advancement of technological innovation relies on solid foundational theories. Robust theoretical research is essential to achieving sustainable and long-term technological progress.”

Huawei’s Commitment to Long-Term Investment

 “Innovation is a long-term process,” remarked Yu Liang, Vice President of Huawei Cloud Global Ecosystem. He affirmed Huawei’s dedication to fostering open collaboration that drives both societal and commercial value. Yu further announced Huawei’s partnership with Station F to launch a sustainability-focused incubation program, aiming to support 10 startups in sectors like retail, automotive, and industrial manufacturing, enabling them to achieve rapid growth within a seven-month incubation period.

Advancing Digital Transformation and Building Europe’s Future

At the “Driving Digital Transformation for Europe’s Emerging Innovators” forum, co-hosted by Euronews and Huawei, participants underscored the necessity of cross-sector collaboration and open ecosystems. Key speakers included Horst Heitz, Chair of SME Connect Steering Committee; Ana Paula Nishio de Sousa, Director of Digital Transformation & AI at the UN Industrial Development Organization; Alexander Pisemskiy, CEO of Zenpulsar; and Gaurav Tripathi, CTO of Partex NV. They emphasized the need for open data-sharing platforms and collaborative ecosystems to cultivate a more inclusive and adaptable innovation environment.

Huawei Cloud will continue to invest in Europe by delivering stable and reliable cloud infrastructure, working with government agencies and universities to cultivate digital talent, and supporting startups to scale across regions,” said Zhu Xiaoming, Vice President of Huawei Cloud Global Industry Development. He noted that Europe’s digital transformation is advancing slower than the targets outlined in the Europe Digital Decade 2030 plan, particularly in areas such as data and artificial intelligence.

Promoting Inclusivity and Women Innovators

Berta Herrero, Head of Diversity, Equality, and Inclusion at Huawei Europe, moderated a panel discussion on empowering women innovators. Panelists included Rebeca de Sancho Mayoral, Senior Adviser on EU Innovation & Access to Finance at the European Commission; Egle Ciuoderiene, Founder of Duevo; Iva Tasheva, Co-Founder and Cybersecurity Lead at CyEn; and Gaia Verzelli, an alumna of Huawei’s Women Leadership School. They shared insights into EU funding and policy initiatives designed to support women entrepreneurs and called for greater female participation in the tech innovation ecosystem to foster an inclusive and diverse environment.

A Call to Action

Closing the event, Tony Yong Jin, Director of Business Environment Affairs of the European Region at Huawei, called on all parties to take decisive action to drive digital innovation and build a more connected, inclusive, and sustainable Europe. He stated, “Today, I call on all of us to embrace digital innovation—not just because of its promises, but because of its profound impact on every individual, family, and community.”

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SOURCE Huawei Technologies Co., Ltd

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