It is a trend I have been tracking closely, keeping pace with and reporting on technology advances – from innovators such as Teradata and The Weather Company, an IBM business – and early adopters, like The Boeing Company and the U.S. Air Force, using Big Data, data analytics, the Cloud, and the Internet of Things (IoT) to optimize efficiency and productivity. (Read that coverage here: http://www.intelligent-aerospace.com/_search?q=big+data&x=0&y=0.)
The global commercial avionics systems market is projected to grow at a compound annual growth rate (CAGR) of 3.5% from $25.34 billion at the end of 2016 to $31.07 billion by 2024, according to a new research report released by Transparency Market Research (TMR) in Albany, New York. High demand for real-time data processing and analytics is a big part of the anticipated growth.
Read more on aerospace innovators and Big Data, data processing, data analytics, the Cloud, and the Internet of Things (IoT)
"Technological advancements in the aviation industry are playing a big role in the growth of the global commercial avionics systems market. Of the many improvements made in the recent past within this industry, concepts such as the glass cockpit and the massive room for improvements in in-flight entertainment are some of the key factors promoting the growth of the global commercial avionics systems market,” a TMR analyst explains. “The top driver for the market, however, is the intense demand for real-time data analytics from the aviation industry. This is especially prominent in the developed economies from North America and Europe, where the aviation industry is advanced enough to incorporate such technologies.
“Real-time data analytics can prove to be invaluable for the industry as it allows for a much quicker rate of data processing upon which necessary actions can be taken. The impact of this driver is expected to remain very high for the coming years," the TMR analyst adds.
Greater demand for data means more connected aircraft systems, which in turn grows the cybersecurity challenge. “The high need for Internet connectivity for commercial avionics systems allows for a greater window of opportunity for malicious activities. This scare has especially been restrictive for developed economies after aviation industry-based terrorist attacks that have occurred in the past two decades,” a TMR analyst says.
The global aviation industry is, nonetheless, marching ahead with modernization. "The aviation industry is currently doing all it can to make sure modern implementations such as commercial avionics systems take full effect despite whatever issues they hold for now,” the analyst concludes. Is that wise? Are you concerned about cybersecurity, interoperability, or other issues? Will the “constant pursuit of improving the national aviation industry… through the implementation of programs” such as the U.S. FAA’s NextGen Air Transportation System or Single European Sky European Commission initiative prove problematic down the road? Weigh in on the debate.
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Intelligent Aerospace, the global aerospace technology network, reports on the latest tools, technologies, and trends of vital importance to aerospace professionals throughout the industry and around the globe, including engineers, engineering managers, and other key decision-makers involved in the research & development, design, test, manufacture, maintenance, upgrade and retrofit, management, and acquisition of electronics hardware and software components, tools, and systems for commercial and military fixed-wing, rotor-wing, and unmanned aircraft, air traffic control, airport operations, satellites, and space.