The global European Avionics MRO market is projected to witness a growth rate of 2.1% annually from 2023 to 2028, with an anticipated size of US$ 945 million by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global European Avionics MRO market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3682/European-avionics-MRO-market.html#form
Report Highlights
|
Market Size in 2028 (million US$) |
945 |
|
Growth (CAGR) |
2.1% during 2023-2028 |
|
Forecast Period |
2023-2028 |
|
Trend Period |
2017-2021 |
|
Base Year |
2022 |
|
Number of Segments Covered |
3 |
|
Number of Tables & Graphs |
100+ |
|
Country-Level Market Assessment |
20 |
Segment Insights on the European Avionics MRO Market:
The report dives deep into the segmentation of the European Avionics MRO market based on critical parameters:
Based on Aircraft Type - The European avionics MRO market is segmented into narrow-body aircraft, wide-body aircraft, regional jets, and turboprops. Narrow-body aircraft is expected to remain the largest and fastest-growing aircraft in the market during the forecast period. Narrow-body aircraft constitute the majority of the commercial aircraft fleet in Europe. Airlines operating in the region rely heavily on these aircraft for their short-haul and regional flight operations. It is anticipated that the production rates of various narrow-body aircraft will witness an upsurge, consequently, leading to a substantial increase in market demand in the forthcoming years, for instance, during the first quarter of 2023, a total of 67 single-aisle aircraft were delivered in the European region.
Based on the Application Type - The market is segmented into navigation/communication, weather/mission radar, flight recorders, electronic flight displays, flight management systems, and others. Navigation/communication is expected to remain the dominant application in the market during the forecast period fuelled by rapidly evolving advancements in communication, navigation, and surveillance (CNS) technologies. In addition to that, Aging aircraft, system upgrades, and strict regulatory requirements are expected to increase the demand for MRO of these components. Electronic flight displays are anticipated to experience rapid growth, primarily due to the growing demand for advanced and high-resolution displays, which enhance readability and reduce pilot workload.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3682/European-avionics-MRO-market.html#form
Which Sub-Region Shows the Most Promising Growth Forecast and Opportunity?
In terms of sub-regions, Western Europe is expected to remain the biggest demand generator for avionics MRO in Europe during the forecast period driven by the presence of a huge number of MRO providers and airlines in the region (more than 30 avionics MRO providers in the UK including big players such as STG Aerospace, Ametek MRO, and Air Atlanta Aviaservices). The Russia-Ukraine war played a major role in the dominance of Western Europe as most of the global players and OEMs backed off from Russia, the biggest market in Eastern Europe to other Eastern and Western European countries.
European Avionics MRO Market Drivers:
Some of the key drivers listed in the report are given below.
Top Companies in the European Avionics MRO Market:
The global market for European Avionics MRO is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:
- Thales Group
- Honeywell International
- Collins Aerospace
- Lufthansa Technik AG
- Panasonic Avionics Corporation
- Ametek MRO
- Cobham Aerospace Communications
- Diehl Aviation
Note: The above list does not necessarily include all the top players in the market.
What Deliverables Will You Get in this Report?
|
Key questions this report answers |
Relevant contents in the report |
|
How big is the sales opportunity? |
In-depth analysis of the European Avionics MRO Market |
|
How lucrative is the future? |
Market forecast and trend data and emerging trends |
|
Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
|
Which are the most attractive market segments? |
Market segment analysis and forecast |
|
Who are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
|
How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
|
What are the factors affecting the market? |
Drivers & challenges |
|
Will I get the information on my specific requirements? |
10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
Are you looking for any specific data customized to your objectives? We are just a mail away.
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
WE ACCEPT
