Global Commercial Avionics Systems Market to Reach $26.1 Billion by 2030
The global market for Commercial Avionics Systems estimated at US$22.2 Billion in the year 2023, is expected to reach US$26.1 Billion by 2030, growing at a CAGR of 2.3% over the period 2023-2030. Avionics Systems for Fixed Wing Aircrafts, one of the segments analyzed in the report, is expected to record 2% CAGR and reach US$17.7 Billion by the end of the analysis period. Growth in the Avionics Systems for Rotary Wing Aircrafts segment is estimated at 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.9 Billion, While China is Forecast to Grow at 4.1% CAGR
The Commercial Avionics Systems market in the U.S. is estimated at US$5.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.
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