Panasonic Avionics Corporation

Aerospace Avionics Market to Reach $111.58 Billion, Globally, by 2032 at 8.9% CAGR: Allied Market Research

Retrieved on: 
Wednesday, March 20, 2024

PORTLAND, Ore., March 20, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Aerospace Avionics Market, by Subsystem (Flight Management Systems, Flight Control Systems, Health Monitoring Systems, Electrical & Emergency Systems and Communication, Navigation, and Surveillance Systems), Platform (Military Aviation, Commercial Aviation, General Aviation, and Special Mission Aviation), Fit (Retrofit and Forward Fit), and End-Use (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2022–2032". the global aerospace avionics market size was valued at $48.74 billion in 2022, and is projected to reach $111.58 billion by 2032, registering a CAGR of 8.9% from 2023 to 2032.

Key Points: 
  • Increase in traffic densities, increase in need to utilize RF spectrum, and improved safety nets have elevated the demand for surveillance systems.
  • This upgrade replaces legacy Pro Line 4 avionics with cutting-edge displays and synthetic vision, addressing obsolescence issues, improving operational efficiency, and enhancing safety.
  • Rigorous safety standards and a growing emphasis on aviation cybersecurity are prompting investments in avionics technology, thus driving the market.
  • The aerospace avionics market analysis spans across more than 16 countries, offering a detailed breakdown of each country's value ($million) from 2022 to 2032.

Aerospace Avionics Market to Reach $111.58 Billion, Globally, by 2032 at 8.9% CAGR: Allied Market Research

Retrieved on: 
Wednesday, March 20, 2024

PORTLAND, Ore., March 20, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Aerospace Avionics Market, by Subsystem (Flight Management Systems, Flight Control Systems, Health Monitoring Systems, Electrical & Emergency Systems and Communication, Navigation, and Surveillance Systems), Platform (Military Aviation, Commercial Aviation, General Aviation, and Special Mission Aviation), Fit (Retrofit and Forward Fit), and End-Use (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2022–2032". the global aerospace avionics market size was valued at $48.74 billion in 2022, and is projected to reach $111.58 billion by 2032, registering a CAGR of 8.9% from 2023 to 2032.

Key Points: 
  • Increase in traffic densities, increase in need to utilize RF spectrum, and improved safety nets have elevated the demand for surveillance systems.
  • This upgrade replaces legacy Pro Line 4 avionics with cutting-edge displays and synthetic vision, addressing obsolescence issues, improving operational efficiency, and enhancing safety.
  • Rigorous safety standards and a growing emphasis on aviation cybersecurity are prompting investments in avionics technology, thus driving the market.
  • The aerospace avionics market analysis spans across more than 16 countries, offering a detailed breakdown of each country's value ($million) from 2022 to 2032.

HEAR360 Brings Spatial Audio to Panasonic Avionics X Series and Next IFE Systems

Retrieved on: 
Thursday, September 28, 2023

LOS ANGELES, Sept. 28, 2023 /PRNewswire-PRWeb/ -- HEAR360 Inc., a leader in advanced audio solutions, today announced that Spatial Audio – a 3D theatrical surround sound experience – will be supported on nearly all Panasonic Avionics eX1 and eX3 systems, and all of the company's NEXT solutions installed on aircraft worldwide, complementing the capabilities of the new Astrova IFE system rolling out next year.

Key Points: 
  • HEAR360 brings a first-class spatial audio experience to nearly all Panasonic Avionics eX1 and eX3 systems, and all of the company's NEXT solutions installed on aircraft worldwide.
  • LOS ANGELES, Sept. 28, 2023 /PRNewswire-PRWeb/ -- HEAR360 Inc., a leader in advanced audio solutions, today announced that Spatial Audio – a 3D theatrical surround sound experience – will be supported on nearly all Panasonic Avionics eX1 and eX3 systems, and all of the company's NEXT solutions installed on aircraft worldwide, complementing the capabilities of the new Astrova IFE system rolling out next year.
  • We look forward to building on our work with Panasonic Avionics to help set the standard for the next generation of IFE audio experiences.
  • Overall, as consumer expectations increase, Spatial Audio is becoming essential for all media and content whether in the air or on the ground.

In-Flight Entertainment Market is Forecast to Reach US$ 3.2 Billion in 2028, Says Stratview Research.

Retrieved on: 
Wednesday, July 26, 2023

DETROIT, July 26, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the in-flight entertainment market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • Based on aircraft type- The aircraft in-flight entertainment market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
  • Based on product type - The market is bifurcated into seatback IFE, overhead IFE, fixed IFE, and portable IFE.
  • Seatback IFE is expected to maintain its dominance, whereas portable IFE is likely to be the fastest-growing product type in the market during the forecast period.
  • The report suggests that North America is expected to maintain its supremacy in the market for in-flight entertainment during the forecast period.

In-Flight Entertainment Market is Forecast to Reach US$ 3.2 Billion in 2028, Says Stratview Research.

Retrieved on: 
Wednesday, July 26, 2023

DETROIT, July 26, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the in-flight entertainment market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • Based on aircraft type- The aircraft in-flight entertainment market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
  • Based on product type - The market is bifurcated into seatback IFE, overhead IFE, fixed IFE, and portable IFE.
  • Seatback IFE is expected to maintain its dominance, whereas portable IFE is likely to be the fastest-growing product type in the market during the forecast period.
  • The report suggests that North America is expected to maintain its supremacy in the market for in-flight entertainment during the forecast period.

PANASONIC AVIONICS AND UNITED AIRLINES SIGN DEAL TO INSTALL THE TRANSFORMATIVE ASTROVA IN-FLIGHT ENTERTAINMENT SYSTEM ON NEW LONG-HAUL INTERNATIONAL AIRCRAFT

Retrieved on: 
Tuesday, June 6, 2023

AIRCRAFT INTERIORS EXPO, HAMBURG, Germany, June 6, 2023 /PRNewswire/ -- Panasonic Avionics Corporation (Panasonic Avionics) has today announced an agreement with United Airlines (United) as its first customer in the Americas for its new Astrova in-flight engagement (IFE) solution.

Key Points: 
  • United plans to install Astrova on select new Boeing 787 and Airbus A321XLR aircraft beginning in 2025.
  • This agreement builds upon the airline's previous commitment in 2021 to install Panasonic Avionics' X Series and NEXT IFE systems on both widebody and narrowbody aircraft.
  • With this latest agreement around Astrova, United's program represents the largest ever investment in Panasonic Avionics' IFE by any airline.
  • Panasonic Avionics will perpetually update the passenger experience, introducing new products that bring enormous value and a major competitive advantage to United Airlines."

Seamless Air Alliance Launches First-of-its-Kind Certified Service Quality Program for Inflight Connectivity

Retrieved on: 
Thursday, June 1, 2023

Seamless Air Alliance , the leading developer of global standards for Inflight Connectivity (IFC), today announced launch of the Seamless-Certified Service Quality program for connectivity service providers and the first member company to achieve Seamless-Certification.

Key Points: 
  • Seamless Air Alliance , the leading developer of global standards for Inflight Connectivity (IFC), today announced launch of the Seamless-Certified Service Quality program for connectivity service providers and the first member company to achieve Seamless-Certification.
  • The Seamless-Certified Service Quality program enhances the airline’s ability to track the inflight connectivity experience that is delivered to passengers.
  • “This is the industry's most comprehensive program for ensuring that inflight connectivity service providers are held to the highest standards of quality,” stated Jack Mandala, CEO of the Seamless Air Alliance.
  • Seamless Air Alliance will be hosted by Panasonic Avionics, a member of the Seamless Air Alliance, in the Panasonic Avionics booth (Hall B4, Stand 4A10).

Wireless In-Flight Entertainment Market Analysis Report 2023: A Global $6+ Billion Market by 2030 - Growing Adoption of Bring Your Own Device (BYOD) Elevating Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 15, 2023

The global wireless in-flight entertainment market size is anticipated to reach USD 6,011.6 million by 2030, growing at a CAGR of 17.3% from 2023 to 2030.

Key Points: 
  • The global wireless in-flight entertainment market size is anticipated to reach USD 6,011.6 million by 2030, growing at a CAGR of 17.3% from 2023 to 2030.
  • The rise of wireless connectivity and the growing adoption of Bring Your Own Device (BYOD) trend are contributing to the growth.
  • The enormous technological development in the aviation sector is leading to market participants implementing new products and services.
  • This, in turn, is fueling the growth of the wireless in-flight entertainment industry over the forecast period.

Essentium Expands Global Executive Leadership

Retrieved on: 
Tuesday, January 17, 2023

AUSTIN, Texas, Jan. 17, 2023 /PRNewswire/ -- Essentium, Inc., a worldwide leader in industrial additive manufacturing (AM), today announced the appointment of Edna Garcia as Chief Financial Officer and Will Chiang as Chief Operations Officer. The executives will lead the commercial and operational success of the organization and oversight of new key strategic initiatives to fuel the continued growth and value of AM.

Key Points: 
  • Said Blake Teipel, Ph.D., CEO, Essentium, "Edna and Will are seasoned executives with an exemplary track record of driving operational and financial performance.
  • Their experience, discipline, and performance-driven leadership will be instrumental in executing our strategy and driving long-term value for our customers.
  • As COO, Will Chiang will be responsible for building frictionless global operations to deliver a seamless experience to Essentium's customers.
  • Will joined Essentium in 2017 and was previously Vice President of Global Supply Chain.

Streaming Video Technology Alliance Announces Recipients of Sixth Annual Membership Grant Program

Retrieved on: 
Tuesday, January 10, 2023

The Streaming Video Technology Alliance (SVTA), a global technical association developing solutions to address critical technical challenges in delivering a high-quality video experience at scale, today announced the recipients of its 2023 Membership Grant Program as well as extended support for all existing grant members.

Key Points: 
  • The Streaming Video Technology Alliance (SVTA), a global technical association developing solutions to address critical technical challenges in delivering a high-quality video experience at scale, today announced the recipients of its 2023 Membership Grant Program as well as extended support for all existing grant members.
  • Now in its sixth year, the Membership Grant Program sponsors select companies, who meet the financial requirements, with a one-year Principal membership.
  • “We are grateful and excited to be selected as a recipient of the Streaming Video Technology Alliance’s 2023 Membership Grant Program.
  • “We are thrilled to be selected as a recipient of the Streaming Video Technology Alliance's 2023 Membership Grant Program.