Global Aircraft Avionics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By System;

Hardware, and Software.

By Platform;

Commercial Aviation, Business Jets and General Aviation, Military Aviation, and Helicopters.

By End-Use;

Original Equipment Manufacturer, Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn138755055 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Aircraft Avionics Market (USD Million), 2020 - 2030

In the year 2023, the Global Aircraft Avionics Market was valued at USD 45,006.35 million. The size of this market is expected to increase to USD 69,025.03 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.

Global aircraft avionics market is experiencing steady growth driven by several factors such as the increasing demand for new aircraft, advancements in avionics systems, and the rising need for fuel-efficient aircraft. Avionics systems play a crucial role in modern aircraft, providing essential functions such as communication, navigation, and monitoring of aircraft systems. With the aviation industry witnessing significant technological advancements, the market for aircraft avionics is expected to expand further in the coming years.

One of the key trends shaping the aircraft avionics market is the integration of advanced technologies such as artificial intelligence, machine learning, and automation. These technologies are being incorporated into avionics systems to enhance operational efficiency, improve safety, and reduce pilot workload. Additionally, the increasing focus on enhancing passenger experience and comfort is driving the demand for advanced in-flight entertainment and connectivity systems, further boosting the growth of the aircraft avionics market.

Growing adoption of electric and hybrid-electric aircraft is also expected to drive the demand for innovative avionics solutions. These aircraft require sophisticated avionics systems to manage their propulsion, power distribution, and energy storage systems. As a result, avionics manufacturers are focusing on developing advanced solutions to meet the specific requirements of electric and hybrid-electric aircraft, driving further growth in the aircraft avionics market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By System
    2. Market Snapshot, By Platform
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Aircraft Avionics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Next-Generation Aircraft
        2. Technological Advancements in Avionics Systems
        3. Focus on Fuel Efficiency and Operational Cost Reduction
        4. Regulatory Mandates and Safety Requirements
      2. Restraints
        1. High Initial Investment
        2. Complex Certification Process
        3. Cybersecurity Concerns
        4. Impact of COVID-19 Pandemic
      3. Opportunities
        1. Rising Demand for Military UAVs
        2. Emergence of Urban Air Mobility (UAM)
        3. Growing Demand for Business Jets
        4. Focus on Sustainable Aviation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aircraft Avionics Market, By System, 2022 - 2032 (USD Million)
      1. Hardware
      2. Software
    2. Global Aircraft Avionics Market, By Platform 2022 - 2032 (USD Million)
      1. Commercial Aviation

      2. Business Jets and General Aviation

      3. Military Aviation

      4. Helicopters

    3. Global Aircraft Avionics Market, By End-Use, 2022 - 2032 (USD Million)

      1. Original Equipment Manufacturer
      2. Aftermarket
    4. Global Aircraft Avionics Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Teledyne Technologies Inc
      2. General Electric
      3. Panasonic Corporation
      4. L3 Harris Technologies
      5. Universal Avionics Systems Corporation
      6. BAE Systems PLC
      7. Meggitt PLC
      8. Raytheon Technologies Corporation
      9. Thales Group
      10. Honeywell International Inc
  7. Analyst Views
  8. Future Outlook of the Market

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