ID :
195863
Tue, 07/19/2011 - 14:52
Auther :
Shortlink :
https://oananews.org//node/195863
The shortlink copeid
RISING AIRCRAFT ORDERS BOOSTS ASIA PACIFIC AVIONICS MARKET, SAYS FROST & SULLIVAN
By Tengku Noor Shamsiah Tengku Abdullah
SINGAPORE, July 19 (Bernama) -- The Asia Pacific region has been
experiencing phenomenal growth in air traffic over the past decade, with research showing that in the next two decades, Asia Pacific will
account for approximately 30 per cent of the global aircraft deliveries, says industry analyst.
Along with this, low cost carriers in the region have also redefined air travel and increased competition, bringing a rise to aircraft sales, said Cheong Chern Wai, Senior Consultant for Frost & Sullivan’s Asia Pacific Aerospace & Defense team.
Recently, Malaysia-based low cost carrier AirAsia also made a significant order for 200 aircraft with Airbus, signifying their confidence in the growth potential in the region.
Amid this growth, significant opportunities are being offered to the avionics market, Cheong told Bernama in an interview.
"Avionics account for about 11 per cent-12 per cent of an aircraft value, and research shows that the Asia Pacific market is forecast to grow at an estimate of 7.4 per cent from 2011 to 2015," he said.
Against this, the developments of next generation air traffic technologies will require airlines to upgrade existing avionics and ensure that new aircrafts are fully equipped with new technology such as ADS-B (Automatic Dependent Surveillance–Broadcast), datalinks, electronic flight instrument system (EFIS) and more, he said.
There are challenges nevertheless for industry stakeholders, he said.
They include the slower adoption of next generation air navigation
requirements such as Required Area Navigation, ADS-B, and Satellite navigation in the region as compared to western nations.
Airlines would also face the challenge of integrating next generation avionics with existing avionics.
Besides Honeywell, Rockwell Collins and Thales which are major avionics suppliers globally and in Asia Pacific, there are also upcoming companies tapping into the growing market such as the recently established joint-venture initiative between GE Aviation and China’s AVIC (Aviation Industry Corp of China).
Besides providing services to China’s COMAC C919 airliner, which is expected to enter service by 2016, the joint-venture also intends to compete with major global suppliers for a share in the avionics market.
SINGAPORE, July 19 (Bernama) -- The Asia Pacific region has been
experiencing phenomenal growth in air traffic over the past decade, with research showing that in the next two decades, Asia Pacific will
account for approximately 30 per cent of the global aircraft deliveries, says industry analyst.
Along with this, low cost carriers in the region have also redefined air travel and increased competition, bringing a rise to aircraft sales, said Cheong Chern Wai, Senior Consultant for Frost & Sullivan’s Asia Pacific Aerospace & Defense team.
Recently, Malaysia-based low cost carrier AirAsia also made a significant order for 200 aircraft with Airbus, signifying their confidence in the growth potential in the region.
Amid this growth, significant opportunities are being offered to the avionics market, Cheong told Bernama in an interview.
"Avionics account for about 11 per cent-12 per cent of an aircraft value, and research shows that the Asia Pacific market is forecast to grow at an estimate of 7.4 per cent from 2011 to 2015," he said.
Against this, the developments of next generation air traffic technologies will require airlines to upgrade existing avionics and ensure that new aircrafts are fully equipped with new technology such as ADS-B (Automatic Dependent Surveillance–Broadcast), datalinks, electronic flight instrument system (EFIS) and more, he said.
There are challenges nevertheless for industry stakeholders, he said.
They include the slower adoption of next generation air navigation
requirements such as Required Area Navigation, ADS-B, and Satellite navigation in the region as compared to western nations.
Airlines would also face the challenge of integrating next generation avionics with existing avionics.
Besides Honeywell, Rockwell Collins and Thales which are major avionics suppliers globally and in Asia Pacific, there are also upcoming companies tapping into the growing market such as the recently established joint-venture initiative between GE Aviation and China’s AVIC (Aviation Industry Corp of China).
Besides providing services to China’s COMAC C919 airliner, which is expected to enter service by 2016, the joint-venture also intends to compete with major global suppliers for a share in the avionics market.
