Avionics Systems Market

Global Avionics Systems Market Size (2024 to 2029)

The global avionics systems market size was worth USD 75.11 billion in 2023. The global market size is expected to be valued at USD 99.91 billion by 2029 from USD 78.77 billion in 2024, growing at a CAGR of 4.87% from 2024 to 2029.

An avionics system is an electronic device used in aircraft for smooth operation. The enormous increase in air travel for business and the shift in people's perception of more leisure travel generate the need for commercial avionics systems in the industry. In-flight entertainment (IFE) has been implemented to increase the aspirations of air travellers for better amenities, services, and solutions. Equipment functions as an individual unit offering a software screen and multiple interfaces to other avionics. It can also be integrated as a feature on various platforms, such as integrated modular avionics (IMA) cabinets. The Control Display Unit (CDU or MCDU) provides the primary human/machine interface for data entry and display of information. Hardware provides primary navigation, flight planning, and optimized route guidance and guidance to aircraft. This performs tasks such as navigation, flight planning, trajectory forecasting, performance computing, and guidance. To execute these tasks, the flight management system communicates with several other avionics devices.

MARKET DRIVERS

Cutthroat competition among key players is expected to boost the market growth in global commercial avionics systems. Improving economy and secure air travel has generated a high buzz for the major companies in the global market, which is expected to increase the rate of the global market. The demand for avionics systems is expected to proliferate soon due to its increase in the competitive index. The entry cost for market players is comparatively low, making the market more attractive to new entrants. Technological advancement is a crucial factor in the demand for international avionics systems. Some developments in the past, such as ample space and a glass cockpit for enhanced in-flight entertainment, are factors driving the global market growth.

MARKET RESTRAINTS

The lack of willingness of clients to introduce modern systems due to the increased risk of cyber-attacks

REPORT COVERAGE

REGIONAL ANALYSIS

North America is likely to remain the market leader for commercial avionics systems in the coming years. Among all these regions, North America dominated the global market, accounting for 42.4% of the total share in 2023. The area is also expected to continue its global dominance over the forecasting timeframe.

KEY PLAYERS IN THE GLOBAL AVIONICS SYSTEMS MARKET

Companies playing a notable role in the global avionics systems market include Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), Thales Group (France), United Technologies Corporation (Collins Aerospace) (US) and Thales (France).

RECENT HAPPENINGS IN THE MARKET

• In April 2019, the US Coast Guard awarded UTC a contract to provide aircraft avionics for maritime law enforcement.
• In March 2019, Honeywell developed a new communication technology, the Aspire 200 satellite communications system, for use on the Bell B429 helicopter.
• In March 2017, Thales received a contract from Air Asia to supply avionics such as FMS, T3CAS, a Low-Range Radio Altimeter, and Emergency Location Transmitters for A320neos aircraft.

DETAILED SEGMENTATION OF THE GLOBAL AVIONICS SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global avionics systems market has been segmented and sub-segmented based on systems, platform, end-user and region.

By Systems

• FMS
• CNS
• Health Monitoring
• Electrical & Emergency and Software

By Platform

• Commercial
• Military
• Business Jets & General Aviation
• Helicopters

By End User

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa