The competitive landscape of the next-generation avionics market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by next-generation avionics providers are contracts, agreements, new product launches, business expansions, and partnerships, and collaborations. Among all the strategies adopted, contracts, agreements, partnerships, and collaborations have been most prominent.
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Innovation and development have been the key factors for large-scale growth in this market. To increase their overall global footprint, the next-generation avionics providers are expanding their businesses and are also entering strategic partnerships to increase their customer base.
The next-generation avionics market research study offers a broad perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
The report is a compilation of various segmentations, including market breakdown by application, product, and region. The report highlights the key driving and restraining forces for the market as well as the opportunities in different applications across leading countries. In the extensive primary research process undertaken for this study, the sources include industry experts and key executives from prominent companies and organizations across the next-generation avionics supply chain.
The report also provides a country-based analysis for all the leading countries in every region, including the U.S., the U.K., China, Japan, Canada, Russia, France, and Germany, among others. Each regional analysis details an individual push-and-pull force, in addition to the key players and applications in that region.
The aviation industry, particularly, is focusing on adopting these technologies due to the growing need for increased intelligence of automated systems. For instance, as of June 2019, Gulfstream is developing AI using the existing data concentration network for the G500. It is being developed as an upgrade for future special mission aircraft and business jets manufactured at its Savannah, Georgia facility. The company also stated that L3Harris Technologies would be developing specific AI for applications on special missions aircraft. Currently, L3 Technologies is modifying four G550s to make it the next-generation electronic warfare fleet for the Royal Australian Air Force.
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Moreover, AI and ML have become essential when used for evaluating the lifecycle of aircraft parts. Here, AI works as a predictive maintenance tool. Airlines are increasingly connecting AI to their MRO strategies. Despite being at a nascent stage for commercial airlines, predictive maintenance is expected to evolve into intelligent maintenance for large-fleet commercial operators in the coming years.
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