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

By Type;

Narrow-body, Wide-body, and Regional Aircraft.

By Application;

Linefit, and Retrofit.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn840319314 Published Date: February, 2024 Updated Date: March, 2024

Introduction

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

In the year 2023, the Global Commercial Aircraft Avionics Market was valued at USD 39,573.04 million. The size of this market is expected to increase to USD 56,055.52 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The Global Commercial Aircraft Avionics Market stands at the forefront of innovation and advancement within the aviation industry. Avionics, a fusion of aviation and electronics, encompasses a wide array of electronic systems crucial for the operation, navigation, communication, and safety of commercial aircraft. From flight management systems to weather radar, avionics technology plays a pivotal role in ensuring the efficiency, safety, and reliability of modern air travel.

In recent years, the commercial aircraft avionics market has witnessed significant growth driven by several factors. Rapid advancements in technology, including the integration of artificial intelligence, machine learning, and advanced sensor systems, have revolutionized avionics capabilities, enhancing aircraft performance, safety, and passenger experience. Moreover, the increasing demand for fuel-efficient aircraft, coupled with stringent regulatory standards for safety and navigation, has fueled the adoption of state-of-the-art avionics solutions by airlines worldwide.

This market is characterized by intense competition and continuous innovation as industry players strive to develop cutting-edge avionics systems that meet the evolving needs of airlines and passengers. Furthermore, the emergence of trends such as electric aviation, urban air mobility, and autonomous aircraft presents new opportunities and challenges for avionics manufacturers, driving further investment in research and development.

As the aviation industry continues to evolve and adapt to changing market dynamics and technological advancements, the global commercial aircraft avionics market is poised for continued growth, offering immense opportunities for innovation, collaboration, and sustainable development in the years to come.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Commercial Aircraft Avionics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for In-Flight Connectivity
        2. Focus on Fuel Efficiency
        3. Increasing Aircraft Deliveries
        4. Growth of Low-Cost Carriers
      2. Restraints
        1. Long Certification Cycles
        2. Market Consolidation
        3. High Development Costs
      3. Opportunities
        1. Modernization and Retrofitting
        2. Urban Air Mobility (UAM) and Unmanned Aerial Vehicles (UAVs)
        3. Next-Generation Connectivity
    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 Commercial Aircraft Avionics Market, By Type, 2022 - 2032 (USD Million)
      1. Narrow-body
      2. Wide-body
      3. Regional Aircraft
    2. Global Commercial Aircraft Avionics Market, By Application, 2022 - 2032 (USD Million)
      1. Linefit
      2. Retrofit
    3. Global Commercial 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. Honeywell International Inc.
      2. General Electric Company
      3. Thales Group
      4. BAE Systems PLC
      5. Cobham PLC
      6. Esterline Technologies Corporation
      7. Diehl Stiftung & Co. KG
      8. L3Harris Technologies Inc.
      9. Collins Aerospace (Raytheon Technologies Corporation)
      10. Meggitt PLC
      11. Teledyne Technologies Incorporated
      12. Safran SA
  7. Analyst Views
  8. Future Outlook of the Market

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