What is the global market size of Avionics Market?

Global Avionics Market size was valued at USD 43.92 billion in 2021 and is poised to grow from USD 47.18 billion in 2022 to USD 78.57 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

Avionics Companies

Avionics Market Competitive Landscape

Global avionics market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Avionics Market Top Player's Company Profiles

Avilution LLC (US)
Honeywell Aerospace
Rockwell Collins
Thales Group
Garmin Ltd.
Cobham Plc
BAE Systems
United Technologies Corporation
Safran Electronics & Defense
General Electric
L3Harris Technologies Inc.
Esterline Technologies Corporation
Curtiss-Wright Corporation
Elbit Systems Ltd.
Leonardo S.p.A.
Meggitt PLC
Raytheon Technologies Corporation
Moog Inc.
Astronics Corporation
Teledyne Technologies Incorporated
Northrop Grumman Corporation

Avionics Market

FAQs

Avionics Market size was valued at USD 43.92 billion in 2019 and is poised to grow from USD 47.18 billion in 2023 to USD 78.57 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

avionics market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Avilution LLC (US)', 'Honeywell Aerospace', 'Rockwell Collins', 'Thales Group', 'Garmin Ltd.', 'Cobham Plc', 'BAE Systems ', 'United Technologies Corporation', 'Safran Electronics & Defense', 'General Electric', 'L3Harris Technologies Inc.', 'Esterline Technologies Corporation', 'Curtiss-Wright Corporation', 'Elbit Systems Ltd.', 'Leonardo S.p.A.', 'Meggitt PLC', 'Raytheon Technologies Corporation', 'Moog Inc.', 'Astronics Corporation', 'Teledyne Technologies Incorporated', 'Northrop Grumman Corporation'

The avionics systems market was profoundly impacted by technological advancements. Additionally, advancements in in-flight entertainment, glass cockpits, and health monitoring systems helped the market expand. The market is expanding primarily due to an increase in demand for data analytics in the aviation sector, especially in North America and Europe where the sector is sufficiently developed to support such improvements. Faster data processing speed made possible by real-time data analytics helps in industry decision-making. This component is anticipated to have a big impact in the future.

The development and integration of cutting-edge flight control systems onboard the next-generation aircraft, which are expected to enter service in the upcoming years, is being done in collaboration between the aircraft OEMs and the avionics makers. In order to improve the autonomous operations of manned and unmanned aircraft, firms are also concentrating on integrating cutting-edge technology like artificial intelligence (AI) and large data into computers.

North America is expected to control the Avionics market share. Factors impacting the growth of the avionics market in the North American area include the rising demand for aircraft for commercial purposes and their expanding value in the defense sector to conduct transport and surveillance duties.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Avionics Market Size, Share, Growth Analysis, By System(Hardware, Software), By Platform(Commercial, Military, Business Jets & General Aviation, Helicopters), By Region - Industry Forecast 2024-2031

Avionics Market Competitive Landscape

Avionics Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Avionics Market Size, Share, Growth Analysis, By System(Hardware, Software), By Platform(Commercial, Military, Business Jets & General Aviation, Helicopters), By Region - Industry Forecast 2024-2031

Avionics Market Competitive Landscape

Avionics Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Avionics Market?

Who are the key vendors in the Avionics Market?

What is the key driver of Avionics Market?

What is the key market trend for Avionics Market?

Which region accounted for the largest share in Avionics Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300