According to the research report titled ‘Europe Aerospace Avionics Market Value, By End-Use, System, Application, Industry Analysis Report, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, Europe aerospace avionics market is projected to surpass a valuation of USD 26 billion by the year 2025.
 

As per the report findings, rising per capita income, growing tourism industry, and increasing cross-border trade are the major growth catalysts of Europe aerospace avionics market. Increasing defense budget in tandem with upgradation of aging aircrafts and procurement of military & special purpose aircrafts are adding momentum to the industry expansion.
 

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Based on system, in-flight entertainment segment in Europe aerospace avionics market is anticipated to record 5% growth by the end of the analysis period. Escalating demand for in-flight connectivity, technological innovations, and focus towards improved passenger experience are demanding the product integration in aircrafts. Deployment of advanced systems like 5G connectivity and eye-tracking by major airlines to not only address the passenger interests but also generate non-aeronautical revenues will further increase the market share.
 

Speaking of the application scope, helicopter segment is projected to record a y-o-y growth rate of 4% through 2025. The growth can be credited to rising applications of helicopters in defense as well as in commercial sector. Their ability for vertical take-off and landing has impelled their demand for search & rescue operations, surveillance, and defense purposes. Active participation of several governments in procurement of helicopters with a advanced avionics will foster the segment growth.
 

Leading players in Europe aerospace avionics market are Dassault Aviation SA, Thales Group, Chobham plc, Airbus SE, Leonardo S.p.A., Safran, and Rolls-Royce plc.