PUBLISHER: TechSci Research | PRODUCT CODE: 1886426
PUBLISHER: TechSci Research | PRODUCT CODE: 1886426
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The Global Aerospace Avionics Market, valued at USD 65.40 Billion in 2024, is projected to experience a CAGR of 6.02% to reach USD 92.85 Billion by 2030. Aerospace avionics encompasses the electronic systems employed in aircraft, including communication, navigation, flight control, and surveillance equipment. The global aerospace avionics market experiences robust growth, primarily driven by ongoing fleet modernization initiatives, increasing demand for enhanced operational efficiency and safety features, and the expanding global air travel sector necessitating new aircraft deliveries.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 65.40 Billion |
| Market Size 2030 | USD 92.85 Billion |
| CAGR 2025-2030 | 6.02% |
| Fastest Growing Segment | Commercial Aviation |
| Largest Market | North America |
Key Market Drivers
The Global Aerospace Avionics Market is significantly influenced by two primary factors: growing commercial aircraft production and fleet expansion, alongside global military aviation modernization programs. Increased commercial aircraft production and the ongoing expansion of airline fleets are direct catalysts for the demand for new avionics systems. Each new aircraft requires a comprehensive suite of electronic equipment for essential functions such as navigation, communication, and flight control. The continuous delivery of new airplanes, driven by increasing air travel demand and the need to replace aging models, inherently stimulates the market for advanced digital cockpit systems and integrated avionics designed for enhanced operational efficiency and safety.
Key Market Challenges
Persistent supply chain disruptions, particularly concerning critical components and skilled labor availability, significantly impede the growth of the Global Aerospace Avionics Market. Shortages of essential electronic parts and raw materials directly lead to production delays for avionics manufacturers. According to the Aerospace Industries Association, in 2023, the aerospace sector experienced an average delay of 8.5 weeks in the delivery of critical components, affecting the timely integration of avionics systems into new aircraft and existing fleet modernization programs.
Key Market Trends
The aerospace industry is increasingly prioritizing environmental sustainability, driving a pronounced emphasis on green and sustainable avionics solutions. This trend fosters demand for advanced avionics that facilitate fuel efficiency, support lighter aircraft designs, and integrate with alternative energy systems. The European Union Aviation Safety Agency (EASA) reported in December 2024 that sustainable aviation fuel (SAF) represented only 0.53% of global jet fuel use in 2024, with a mandatory target of 2% for supply at European airports beginning in 2025, underscoring the critical role of avionics in this transition.
In this report, the Global Aerospace Avionics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Aerospace Avionics Market.
Global Aerospace Avionics Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: