How Much Will The Aerospace Avionics Market Grow?
The size of the Aerospace Avionics Market has witnessed a steady increase in recent years, growing from $81.3 billion USD in 2024 to an estimated $84.84 billion USD in 2025 at a compound annual growth rate (CAGR) of 4.4%. The increase can primarily be attributed to the continuous evolution of aircraft, rising military sector demand, transition to digital cockpits, safety enhancements, and advances in surveillance, and air traffic control.
Continued expansion on a global scale is expected, with the Aerospace Avionics Market predicted to increase to $101.77 billion by 2029 at a compound annual growth rate (CAGR) of 4.7%. Factors contributing to the projected growth include the rising demand in emerging markets, advances in electrical aircraft systems, defense sector expansion, modernisation of legacy aircraft, and integration of AI systems.
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What’s Powering the Aerospace Avionics Market’s Upward Trajectory?
The surge in global air travel is seen as a major driver pushing the Aerospace Avionics Market forward. Air travel, including both local and overseas passengers carried by airlines with national registrations, has seen a significant increase globally. As reported by the International Air Transport Association in June 2022, international air traffic saw an astonishing growth of 229.5% in 2022 compared to the previous year. The exponential rise in air travel demand undeniably contributes to the expansion of the Aerospace Avionics Market.
What Are The Key Segmentations In The Aerospace Avionics Market?
The market report covers the following segments in the Aerospace Avionics Market:
1) By Systems: Flight Control System, Communication System, Navigation System, Monitoring System, Others Systems
2) By Application: Commercial Aviation, Military Aviation, Business Jets And General Aviation
3) By Distribution Channel: OEM, Aftermarket
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Who Are The Major Players In The Aerospace Avionics Market?
Major companies operating in the Aerospace Avionics Market include Thales Group, L3Harris Technologies Inc., Airbus SAS, Boeing Co., BAE Systems Inc., Northrop Grumman Corporation, Saab AB, Leonardo S.p.A., Elbit Systems Ltd., General Dynamics Corporation, General Electric Company, Cobham PLC, Honeywell International Inc., Raytheon Technologies, Safran S.A., Lockheed Martin Corporation, Garmin Ltd., Meggitt PLC, Curtiss-Wright Corporation, Teledyne Technologies Incorporated, Moog Inc., Astronics Corporation, TransDigm Group Incorporated, Kratos Defense & Security Solutions Inc., Universal Weather and Aviation Inc., Avidyne Corporation, FreeFlight Systems, Becker Avionics International Group, Flight Data Systems Pty. Ltd., Innovative Solutions & Support Inc.
What Are The Current Trends In The Aerospace Avionics Market?
Innovation is key in the Aerospace Avionics Market as product advancements continue to emerge. For instance, in March 2022, Flightcell International, Ltd., a New Zealand-based leader in airborne communications launched ‘SmartHUB,’ an innovative cockpit recording solution offering HD video and audio, USB and IP device access point, and a flight data recorder, putting the future of aerospace avionics at the forefront.
How Does The Aerospace Avionics Market Performance Vary By Region?
North America emerged as the dominant region in the Aerospace Avionics Market in 2024, while Asia-Pacific is predicted to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Insights Will The Aerospace Avionics Market Report Offer?
Aerospace avionics refers to the electronic systems utilised in aircraft and spacecraft for navigation, communication, and monitoring various operations. This report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities in the Aerospace Avionics Market.
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