Aviation

Aviation segment encompasses several sub-categories including aircraft engines, avionics, aircraft components, unmanned aerial vehicles, in-flight systems, and materials. The aviation industry is continuously showcasing upward trend in production of products and components in each of the sub-categories. The commercial and business aviation sectors are expected to showcase strong growth owing to rise in demand for air Aviation segment encompasses several sub-categories including aircraft engines, avionics, aircraft components, unmanned aerial vehicles, in-flight systems, and materials. The aviation industry is continuously showcasing upward trend in production of products and components in each of the sub-categories. The commercial and business aviation sectors are expected to showcase strong growth owing to rise in demand for air travel in the developed countries as well as developing countries. The emphasis toward lightweight aircraft and electric aircraft is soaring in the current scenario among the aircraft manufacturers which is pressurizing the engine, avionics, and other component manufacturers to design and develop lightweight systems. This factor is boosting the aviation industry. The military aviation sector's growth in the current scenario is significant and the growth trend is anticipated to remain constant over the decade. The military aircraft contractors are focusing heavily on the development of technologically advanced aircraft and unmanned aerial vehicles in order to support the growing demand for mission-ready aircraft.

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