The avionics market size has shown robust growth in recent years, escalating from $84.35 billion in 2024 to pleasantly commendable $91.05 billion in 2025, reflecting an impressive compound annual growth rate (CAGR) of 7.9%. This considerable growth in the historic period can be attributed to the sturdy economic growth, swelling demand for commercial aircraft, thriving aerospace and defense industry, severe environmental regulations, and military modernization.
With a promising future, the avionics market size is geared up for a strong growth in the coming years. It is projected to skyrocket to a staggering $122.96 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The propelling growth in the forecast period can be attributed to breakthroughs in digital transformation, burgeoning disposable income, investments pouring in for aircraft fleet expansion, and a growing demand for unmanned aerial vehicles (UAVs).
Notable trends to keep an eye on the forecast period include AI and machine learning advancements, the advent of advanced cockpit displays, significant strides in data analytics and predictive maintenance, remote and autonomous operations, and the integration of augmented reality (AR) and virtual reality (VR). You may download a free sample of the Global Avionics Market Report from this link: https://www.thebusinessresearchcompany.com/sample.aspx?id=7262&type=smp
What is Driving the Surge in the Avionics Market?
The surge in demand for new commercial aircraft is the driving force propelling the growth of the avionics market. Commercial aircraft, responsible for carrying passengers or goods from one location to another, employ avionics for managing various systems and electronic equipment. As per Airbus, an aerospace corporation based in the Netherlands, Asia-Pacific alone requires 17,620 new passenger and freighter aircraft in February 2022. This vast necessity for new aircraft is driving the demand for avionics markets.
What Are the Key Segments Within the Global Avionics Market?
The avionics market broadens into the following major segments:
1) By Platform: Commercial Aviation, Military Aviation, Business Jets, General Aviation, Helicopters
2) By Sub System: Flight Management and Control, Health Monitoring, Electrical and Emergency, Communication Navigation and Surveillance
3) By End User: Original Equipment Manufacturer (OEM), Aftermarket
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Who Are The Major Players in The Avionics Market?
Pioneers in the avionics market include companies like Safran SA, Honeywell International Inc., Thales Group, L-3 Avionics Systems, Raytheon Technologies Ltd., GE Aviation Inc., BAE Systems plc, Meggitt plc, Rockwell Collins Inc., Panasonic Avionics Corporation, Garmin Ltd., Universal Avionics System Corporation, Airbus SE, The Boeing Company, Cobham Limited, Curtiss-Wright Corporation, Teledyne Technologies Inc., Raytheon Technologies Corp., L3Harris Technologies Inc., Leonardo S.p.A., Moog Inc., Esterline Technologies Corporation, Astronics Corporation, Elbit Systems Ltd., FLIR Systems Inc., Avidyne Corporation, Aspen Avionics Inc., FreeFlight Systems, Mid-Continent Instruments and Avionics, Bendix Aviation Corporation.
What Emerging Trends Are Impacting The Avionics Market?
Technological innovations are emerging as a significant trend influencing the avionics market. Renowned avionics firms are honing their focus on these innovations to bolster their market position. Take for instance Genesys Aero Systems, a US-based avionics components manufacturer that recently launched HeliSAS, a revolutionary helicopter autopilot system in March 2022. This system effectively governs the airspeed allowing pilots to go hands-free while managing cockpit activities.
Which Region Is Experiencing The Fastest Growth in The Avionics Market?
North America took the crown as the largest region in the avionics market in 2024, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The regional coverage in the avionics market report encompasses Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Avionics Market Report 2025 Offer?
Avionics symbolizes a combination of multiple display units outfitted in aircraft to manage flight operations. These systems are deployed in spacecraft, artificial satellites, and aircraft for communication, navigation, and system management. The avionics system integrates various flight sub-systems, such as health monitoring systems, flight management, flight control, navigation & surveillance systems, electrical & emergency, communication, and systems electronics.
The Avionics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Unlock valuable market insights by purchasing the exclusive report here: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7262
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