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AVIONICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Avionics Market, By Product (Flight Control Systems, Communication, Navigation & Surveillance, Flight Management Systems, Cockpit Displays & EFIS, Sensors & Avionics Subsystems, Flight Data Recorders, Avionics Software, Power Management, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

  • Published In : Sep 2025
  • Code : CMI8672
  • Pages :168
  • Formats :
      Excel and PDF
  • Industry : Aerospace and Defense
    • 역사적 범위: 2020 - 2024
    • 예측 기간: 2025 - 2032
Ingographics Image

The global avionics market is estimated to be valued at USD 54.28 Bn in 2025 and is expected to reach USD 92.43 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2025 to 2032. The global avionics market represents a critical segment within the aerospace and defense industry, encompassing sophisticated electronic systems that serve as the backbone of modern aircraft operations. Avionics systems integrate various electronic components including navigation, communication, flight management, weather radar, collision avoidance systems, and autopilot functions that collectively ensure safe, efficient, and reliable aircraft performance across commercial, military, and general aviation sectors. These advanced technological systems have evolved significantly from traditional analog instruments to highly sophisticated digital platforms incorporating artificial intelligence, machine learning, and Internet of Things (IoT) capabilities. The market encompasses both line-fit avionics installed during aircraft manufacturing and retrofit solutions for existing aircraft fleets seeking technological upgrades. As aviation continues to expand globally with increasing passenger traffic, cargo transportation demands, and military modernization programs, the avionics market plays an instrumental role in supporting next-generation aircraft capabilities including autonomous flight operations, enhanced situational awareness, improved fuel efficiency, and advanced connectivity features. The integration of cutting-edge technologies such as synthetic vision systems, enhanced flight vision systems, and satellite-based navigation has transformed traditional cockpit environments into highly automated digital ecosystems, driving substantial growth opportunities across diverse aviation applications and geographical markets worldwide.

Market Dynamics

The global avionics market is propelled by several key drivers that collectively fuel substantial growth prospects across the forecast period. The primary growth driver stems from the unprecedented expansion of commercial aviation, with airlines worldwide increasing fleet sizes to accommodate rising passenger traffic and cargo demands, particularly in emerging economies where air travel adoption continues accelerating rapidly. Additionally, the ongoing modernization of military aircraft fleets globally, driven by geopolitical tensions and defense spending increases, creates substantial demand for advanced avionics systems including mission-critical communication, surveillance, and weapon management systems. The regulatory mandate for NextGen air traffic management systems and compliance with evolving safety standards further accelerates market growth as aircraft operators must upgrade legacy systems to meet stringent operational requirements. However, the market faces significant restraints including the exceptionally high costs associated with avionics system development, certification, and installation, which can represent substantial capital investments for aircraft operators and manufacturers. The lengthy and complex certification processes required by aviation authorities create extended development timelines and increase market entry barriers for new technologies and suppliers. Furthermore, the intricate integration challenges associated with incorporating new avionics systems into existing aircraft architectures often result in operational disruptions and additional costs. Despite these challenges, substantial opportunities emerge from the growing adoption of electric and hybrid aircraft platforms, which require entirely new avionics architectures optimized for alternative propulsion systems. The increasing focus on autonomous flight operations and urban air mobility solutions creates demand for advanced artificial intelligence-enabled avionics systems capable of supporting unmanned and optionally piloted aircraft configurations across diverse operational environments.

Key Features of the Study

  • This report provides in-depth analysis of the global avionics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global avionics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include RTX Corporation, Honeywell International Inc., Thales Group, L3Harris Technologies, Safran, Garmin Ltd., BAE Systems, General Electric, Moog Inc., Cobham, CMC Electronics, Panasonic Avionics, RUAG, Curtiss-Wright Corporation, and Meggitt PLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global avionics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global avionics market

Market Segmentation

  • Product Insights (Revenue, USD Bn, 2020 - 2032)
    • Flight Control Systems
    • Communication, Navigation & Surveillance
    • Flight Management Systems
    • Cockpit Displays & EFIS
    • Sensors & Avionics Subsystems
    • Flight Data Recorders
    • Avionics Software
    • Power Management
    • Others
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Key Players Insights
    • RTX Corporation
    • Honeywell International Inc.
    • Thales Group
    • L3Harris Technologies
    • Safran
    • Garmin Ltd.
    • BAE Systems
    • General Electric
    • Moog Inc.
    • Cobham
    • CMC Electronics
    • Panasonic Avionics
    • RUAG
    • Curtiss-Wright Corporation
    • Meggitt PLC

Market Segmentation

  • Product Insights (Revenue, USD Bn, 2020 - 2032)
    • Flight Control Systems
    • Communication, Navigation & Surveillance
    • Flight Management Systems
    • Cockpit Displays & EFIS
    • Sensors & Avionics Subsystems
    • Flight Data Recorders
    • Avionics Software
    • Power Management
    • Others
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
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