(Aviation-NewsWire.Com, January 11, 2018 ) According to Publisher, the Global Glass Cockpit for Aerospace Market is valued at $1,526.6 million in 2015 and is expected to reach $1,992.4 million by 2022 growing at a CAGR of 3.8% from 2015 to 2022. In the aerospace market there is a huge perspective for glass cockpit displays as they are used in several types of aircrafts. Features such as light weight with augmented functionalities and better precision, superior safety, situational awareness and competence and automation of the flight controls are driving the growth of the glass cockpit display for aerospace market. Technological advancements such as touch screen displays are providing vast opportunities for the market growth.
North America accounted for largest share in the global market. But falling defense expenditure in North America would reduce its market share during the forecast period. However, the Asia-Pacific ranks as the fastest growing market with a comparatively higher growth rate. In Asia Pacific the share would be captured by the Japan, China, and India over the forecast period. Africa is currently a very small market, but the growing prosperity in this region would make it one of the fastest growing markets in the next 10 years.
Some of the key players in the market include Aspen Avionics, Inc, Avidyne Corporation, Dynon Avionics, Elbit Systems Ltd, Esterline Technologies Corporation, Garmin Ltd, Honeywell Aerospace, Inc, L-3 Communication Holdings, Inc, Northrop Grumman Corporation, Rockwell Collins, Inc, Universal Avionics Systems Corporation, Thales SA, Lockheed Martin and GE Aviation.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
11 Company Profiling 11.1 Aspen Avionics, Inc 11.2 Avidyne Corporation 11.3 Dynon Avionics 11.4 Elbit Systems Ltd 11.5 Esterline Technologies Corporation 11.6 Garmin Ltd 11.7 Honeywell Aerospace, Inc 11.8 L-3 Communication Holdings, Inc 11.9 Northrop Grumman Corporation 11.10 Rockwell Collins, Inc 11.11 Universal Avionics Systems Corporation 11.12 Thales SA 11.13 Lockheed Martin 11.14 GE Aviation
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