Avionics Market Expected to Grow at a Steady CAGR by 2022
Increasing technological advancements in navigation systems, emerging economies in developing nations, and adoption of next-generation aircrafts are driving the growth of the market. Moreover, requirement for real time data and emergence of new players could also fuel the growth of the market. However, unstable economic problems and growing cyber threats could hinder the growth of the market. Desire for glass cockpits and untapped markets could provide an opportunity for this market.
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