PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1745105
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1745105
The avionics market is expected to grow from USD 56.22 billion in 2025 to USD 82.33 billion by 2030, registering a CAGR of 16.8%. Market growth can be mainly attributed to the rising demand for safer, more efficient aircraft across commercial and defense sectors. Airlines are upgrading old fleets with modern avionics systems to meet regulatory standards and improve fuel efficiency. Moreover, there is a steady rise in new aircraft production worldwide. Growing air traffic and increasing demand for real-time data and automation further push aircraft operators to invest more in advanced avionics.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Fit, Platform, and System and region |
Regions covered | North America, Europe, APAC, RoW |
"Commercial aviation is expected to be the largest platform in the avionics market during the forecast period."
Globally, major industry players are actively engaged in developing advanced commercial aviation avionics systems to explore emerging opportunities in the avionics market. The evolution of air traffic management systems, including initiatives such as SESAR (Single European Sky ATM Research) and NextGen in the US, is driving the need for commercial avionics systems that can support more efficient and streamlined air traffic operations. With a growing emphasis on passenger comfort and entertainment, avionics systems that contribute to enhanced in-flight experience, such as advanced in-flight entertainment systems and connectivity solutions, are key drivers for the commercial aviation segment.
"Navigation systems are expected to hold the highest share in the avionics market during the forecast period."
Advancements in global navigation satellite system (GNSS) technologies, including new satellite constellations and improved signal accuracy, have increased the demand for navigation avionics systems that can leverage these enhancements for more precise and reliable navigation. The critical importance of terrain awareness in enhancing flight safety further drives the need for sophisticated terrain awareness and warning systems (TAWS). These systems are essential for providing timely and accurate alerts about potential terrain conflicts, thereby improving aviation safety. Additionally, systems that integrate communication and navigation functions promote more efficient and interconnected flight operations.
"North America is expected to dominate the avionics market during the forecast period."
Robust defense budgets in North America support military modernization efforts, leading to the incorporation of advanced avionics systems in military aircraft. With a substantial existing fleet, the North American aviation industry emphasizes avionics upgrades and retrofits. Airlines and operators seek modernization solutions for older aircraft, driving the demand for retrofit avionics systems to enhance performance and compliance with evolving regulations. Additionally, prominent aircraft manufacturers like Boeing and Airbus continually invest in next-generation aircraft programs. The development of advanced platforms, such as the Boeing 737 MAX and Airbus A320neo families, creates opportunities for avionics systems with enhanced capabilities and features. Strategic partnerships and collaborations between avionics manufacturers and aerospace giants also contribute to the growth of the avionics market.
Breakdown of Primaries
RTX (US), Honeywell International Inc. (US), L3Harris Technologies, Inc. (US), General Electric Company (US), and Thales (France) are among the leading players operating in the avionics market.
Research Coverage
The study covers the avionics market across various segments and subsegments. It aims to estimate the size and growth potential of this market across different segments based on platform, system, fit, and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their solutions and business offerings, recent developments, and growth strategies.
This report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the avionics market and its subsegments. The report covers the entire ecosystem of the avionics market. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.