Dublin | May 22, 2019–The “Global Commercial Aircraft Passenger Service Unit (PSU) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The commercial aircraft passenger service unit (PSU) market will register a CAGR of about 7% by 2023.

The growing initiatives of prominent OEMs for enhancing the production activities for achieving higher performance levels are expected to trigger the market growth during the forecast period. OEMs are adopting integration and full cross-functional alignment for managing industrial activities and achieving a high-performance level. In addition, the market players are defining and deploying industrial strategies for ensuring the best industrial standards. As a result, such initiatives will further boost the commercial aircraft passenger service unit market during the forecast period.

Market Overview

Growing demand for new generation aircraft

The global commercial aviation industry is growing steadily amid rapidly increasing air traffic, at the international, regional and domestic levels. The growing adoption of wide-body aircraft, especially in the middle east, is also promoting the growth of the global commercial aircraft PSU market during the forecast period.

Stringent legal norms and quality standards in the aviation industry

The global aviation industry is governed by numerous laws and regulations, which in a way define aviation industry. The increased costs of complying with such stringent regulations challenge the mass-scale production of commercial aircraft components and parts.

Competitive Landscape

The market appears to be highly concentrated and with the presence of a few market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Narrow-body aircraft – Market size and forecast 2018-2023
  • Wide-body aircraft – Market size and forecast 2018-2023
  • Regional aircraft – Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2018-2023
  • Europe – Market size and forecast 2018-2023
  • APAC – Market size and forecast 2018-2023
  • South America – Market size and forecast 2018-2023
  • MEA – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Development of PSUs with display
  • Development of personalized PSUs
  • Growing consolidation in aviation supply chain

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Astronics Corporation
  • Luminator Technology Group
  • Safran
  • Triumph Group
  • United Technologies

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/rplbrd

Micro vacations and trips planned with shorter notice are on trend for 2019

Riverwoods, IL | May 24, 2019–More Americans will pack their bags for a summer vacation this year, but most are keeping their trips short, according to a new national survey from Discover. The survey found 71 percent of consumers plan to take a vacation this summer (from May through September), compared to just 58 percent in 2018.

The survey found that most consumers plan to take micro vacations (shorter trips of one to three days) this summer. Fifty-five percent of respondents said their summer trips will last one to three days, compared to 21 percent who said four to six days, 12 percent who said one week, 6 percent who said 8 to 13 days and 5 percent who said their trip will last two weeks or more.

In addition, consumers are planning their summer vacations with relatively shorter notice. Forty-six percent of respondents said they plan their trips three months or less in advance, compared to 26 percent who said four to six months, 11 percent who said seven to nine months, 10 percent who said 10 to 12 months and 8 percent who said more than one year in advance.

Younger Generations Travel Differently

While more consumers plan to travel overall, younger generations are more likely to take a vacation this summer than older generations, as 77 percent of Gen Z and 76 percent of millennials are planning summer trips, compared to 67 percent of baby boomers and 60 percent of the Silent Generation.

When it comes to accommodations, younger generations, 21 percent of Gen Z and 16 percent of millennials, are more open to staying in home rentals compared to other generations, 8 percent of baby boomers and 5 percent of the Silent Generation.

Younger generations also have different priorities about what they want most out of their vacations. Twenty-five percent of Gen Z and 25 percent of millennials are looking to spend time with their friends and family, while 41 percent of baby boomers want to relax on their trips.

Younger consumers are also most likely to splurge on activities while on vacation (36 percent of millennials and 30 percent of Gen Z), whereas older consumers said they would rather splurge on food and dining (43 percent of the Silent Generation and 37 percent of baby boomers).

Consumers Prefer to Use Credit Cards When Traveling

Credit cards are the leading form of payment while on vacation, with 39 percent saying they prefer to use their credit card to other forms of payment when traveling.

More consumers plan to cash in credit card points for their summer vacations, as 18 percent will use points entirely to pay for their trips, up from 13 percent in 2018. Younger generations are more likely to use points for their vacations than older generations – 38 percent of millennials and 35 percent of Gen Z, compared to 28 percent of Gen X, 18 percent of baby boomers and 15 percent of the Silent Generation.

There is a knowledge gap when it comes to booking trips with points, as 41 percent of consumers feel they do not know what they are doing when they book trips with credit card points. When asked how they feel about doing so, 29 percent of Gen X and 27 percent of millennials said they feel restricted in their ability to book because points dictate their airline and hotel choices.

“The core value of a travel credit card should be simplicity, especially in earning rewards while traveling, or redeeming your rewards to take a road trip or fly cross-country to visit family and friends,” said Laks Vasudevan, vice president of card programs, strategy and marketing at Discover. “That’s why our Discover it® Miles card offers a simple rewards structure – 1.5x Miles on every dollar spent on purchases. Plus no airline restrictions or blackout dates. You can easily redeem Miles as a statement credit for travel purchases, all without an annual fee1.”

EAST AURORA, USA | November 5, 2018 – Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, today reported financial results for the three and nine months ended September 29, 2018. Results for the quarter and the first nine months of 2018 include the results of Telefonix PDT, which was acquired on December 1, 2017 and Custom Control Concepts (“CCC”), which was acquired on April 3, 2017. Earnings per share for all periods are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 12, 2018.

Read the full release here.

2018 to 2026: Increasing Demand for Satellite-Based Navigation System – ResearchAndMarkets.com

Dublin | June 22, 2018–The “Aircraft Communication System – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

The Global Aircraft Communication System Market accounted for $3.62 billion in 2017 and expected to grow at a CAGR of 12.6% to reach $10.59 billion by 2026.

Increasing demand for satellite-based navigation system, increasing use of the Commercial Off-The-Shelf (COTS) technology and increase in air passenger traffic are driving the market growth.

Moreover, demand for next-generation IP systems and commercialization of unmanned aerial vehicles (UAVS) surge opportunity for the market to sustain.

However, issues with radio spectrum and high costs for development are impeding the market growth.

Coverage

  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Companies Mentioned

  • Iridium Communications Inc.
  • L-3 Technologies
  • Cobham Plc
  • General Dynamics Corporation
  • Harris Corporation
  • Honeywell International Inc
  • Lockheed Martin
  • Northrop Grumman Corporation
  • Raytheon Corporation
  • Rockwell Collins
  • Rohde & Schwarz Gmbh & Co. KG
  • Thales Group
  • UTC Aerospace Systems
  • Viasat Inc

For more information about this report visit https://www.researchandmarkets.com/research/kqzdpr/global_aircraft?w=4

Dublin, Ireland | May 11, 2018–The “Global Airport Baggage Handling Systems Market – Segmented By Airport Capacity And Geography – Growth, Trends, And Forecast (2018 – 2023)” report has been added to ResearchAndMarkets.com’s offering.

Airport terminal extensions and new terminal development ventures globally, owing to increased air passenger traffic are driving the airport baggage handling systems market.

Recently developed and modernized air terminals have to be supplied with the interlinked baggage conveyor system, which is expected to drive the baggage handling systems market. With terrorist threats around the globe, airplane terminals have stepped up their luggage security. The security procedure is highly time-intensive and influences the general proficiency of baggage handling operations. The increasing number of air passengers coupled with existential security threats is expected to increase the demand for these systems.

Establishment of New Airports and the Expansion of Existing Projects is Expected to Drive the Market

The growth in middle-class population in the developing countries, such as China and India has increased the air passenger traffic, and this trend is expected to continue. To handle the growth in the air traffic, many airports in different parts of the world have been undergoing expansions creating demand for airport baggage handling systems. Airport expansion projects are underway across the world.

All the countries that are part of Gulf Cooperation Council are in the midst of expanding their airports, as the region has few of the world’s busiest airports the growth in the air traffic will necessitate expansion of capacity to provide seamless travel experience. India under its regional connectivity scheme has envisaged developing the underserved and unserved airports to boost domestic air travel. The Heathrow airport in London, the busiest in the European continent is undergoing expansion. The construction of both Greenfield and Brownfield airports is expected to drive the demand for such systems.

Recent Developments

  • March 2018: Vanderlande signs strategic baggage cooperative agreement with Vancouver Airport Authority for the design and execution of baggage handling projects in order to reach the capacity, redundancy and flexibility required for future growth

Companies Mentioned

  • Vanderlande Industries
  • Daifuku
  • Siemens
  • Pteris Global
  • Glidepath
  • Crisplant
  • G&S Airport Conveyor
  • Aversan Inc
  • Logpan
  • Babcock Airports Ltd

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Trends

5. Market Dynamics

6. Global Airport Baggage Handling Systems Market Segmentation

7. Competitive Landscape

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/s9xmd5/global_airport?w=4

In 2009 the average aircraft utilization for the world’s commercial fleet is expected to drop by 4% compared to 2008, according to the latest Commercial Aircraft Fleets and Utilization Forecast from OAG (www.oagaviation.com), the world’s
leading aviation data business.

This is revealed in OAG’s most recent study of the global MRO (maintenance, repair and overhaul) service demand projection for the next decade, developed in partnership with AeroStrategy. The
utilization forecast, which drives MRO demand, takes into consideration the significant global downsizing in schedules frequency and capacity that have been filed with OAG in the past six months. Global aircraft utilization typically grows at an average of 3.4% per year.

John Weber, Managing Director, OAG Aviation, said: “Scheduled airline frequency and capacity cutbacks made over the past six months will have a significant impact on planned aircraft utilization, with a corresponding short-term downturn in demand for MRO services. We are projecting a worldwide drop of -4% in average aircraft utilization in 2009 compared to 2008, with only modest recovery in 2010. Normal levels of aircraft utilization growth are not expected to return until 2011.”

The regions worst affected this year by a reduction in aircraft utilization will be North America (-7%) and Western Europe (-5%). Least affected will be China, Eastern Europe, Africa, India and Latin America. North American and European operators accounted for 61% of global aircraft utilization in 2008. The forecast trend indicates a gradual shift of this market dominance to other regions. By 2018, Asia is projected to increase its share of the world’s global aircraft utilization by 2.8% to 25.4%, driving up demand for MRO services in that
region.

Over the next 10 years, OAG forecasts that aircraft retirements will peak in 2016 – 1017 at double the average retirement rates of 2009 – 2013. The global installed base of active aircraft will grow 38% by 2018 compared with 2008.

OAG’s Commercial Aircraft Fleet and Utilization Forecast is a 47-page in-depth report tracking 10 year future trends. It is one of six reports produced by OAG on the Commercial Aviation MRO (“CAMRO”) sector covering airframe, engine, components, modifications and line/field maintenance.

To view or download a copy of the report’s executive summary and illustrative graphs, please visit
http://www.oagaviation.com/aviation-reports/reports-camro.htm.

OAG, part of UBM Aviation (www.ubmaviation.com), provides essential aviation workflow data and analytics sourced from its comprehensive proprietary airline schedules, fleet and MRO databases. UBM Aviation is a division of United Business Media Limited (www.unitedbusinessmedia.com)