Projects A CAGR Of 6.9 Percent Over the Next Five Years
According to a new report "Avionics Market by Sub-System (CNS, FCS, FMS, IFE, Monitoring/ Glass Cockpit System, Military & Tactical System, Electrical & Emergency System), Fit (Line-Fit, Retrofit), Platform (Commercial, Defense, UAV) and Region - Global Forecast to 2022" published by ASDReports, the Avionics Market is projected to grow from $62.22 billion in 2016 to $92.85 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 6.9 percent during the forecast period.