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.
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.
The lack of willingness of clients to introduce modern systems due to the increased risk of cyber-attacks
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
4.87% |
Segments Covered |
By End User, Systems, Platform and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Market Leaders Profiled |
Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), Thales Group (France), United Technologies Corporation (Collins Aerospace) (US), Thales (France). |
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.
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).
By Systems
By Platform
By End User
By Region
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