China civil avionics market is expected to exceed one trillion yuan in the next 20 years. According to the prediction of COMAC, based on global economic growth of 2.8%, the global Revenue Passenger Kilometers (RPK) will increase at an average annual rate of 4.4% over the next 20 years. Delivery of each class passenger jets will reach 43,013, valued at about $5,787.7 billion. About 5,255 turbofan regional aircraft will be delivered, worth more than $242.3 billion; 28,718 single-aisle jet aircraft will be delivered, worth $2.83 trillion; 9,040 double-aisle jet aircraft will be delivered, worth about $2.72 trillion. Chinese airlines will receive 8,575 new planes, with a market value of about $1,210.4 billion. If avionics systems account for 15% of the total value of civil aircraft, the China civil avionics market will reach about us $181.6 billion (1.23 trillion yuan) in the next 20 years.
In recent years, China continues to promote large aircraft major projects and vigorously pushes the development of domestic civil aircraft avionics system industry. In the future, with vast civil aircraft avionics market, domestic avionics related enterprises are facing unprecedented development opportunities.
Company name: Galleon (Shanghai) Consulting Co., Ltd.
Name: Sara LIU
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