In recent years, with the implementation of a number of key projects and major projects of large aircraft in China, a series of major achievements have been made in the field of avionics of various aircraft in, but there is still a gap compared with developed countries in key equipment R&D, system integration verification and product airworthiness certification.
China Aviation Industry Development and Research Center foresees that the scale of civil helicopters in China will reach more than 3,500 by 2027 and market capability of helicopter production and sales alone will probably reach USD14.4 billion, which will stimulate nearly trillion market with reference to the ratio of input and output 1:8, and the sales growth of 1% in helicopters will pull 0.714% of the Gross Domestic Product growth.
During the 14th Five-Year Plan period, the strategic role of civil aviation industry in national economic and social development will become more prominent. China's civil aviation will enter a period of transformation, quality development and pattern expansion, with both opportunities and challenges.
With the rapid growth of China's civil aviation market, the civil aviation industry has gradually integrated into the world aviation industry chain. China attaches great importance to its development. The R&D and operation of domestic civil aircraft models such as CR929, C919, ARJ21, MA series regional jet and AC series helicopter provide important support for the development of China's civil aviation transportation industry and transformation and upgrading of industries.
With the development of China's air transport industry, China is expected to deliver 9,205 passenger aircraft in the next two decades, worth about 1400 billion dollars, of which the aero engine market size will reach 210 to 420 billion dollars, the average annual market size will reach 10.5 billion to 21 billion dollars, accounting for about 20% of the global market.