Global Avionics Market Growth 2023-2029

Global Avionics Market Growth 2023-2029

The word avionics is portmanteau of aviation and electronics. Avionics comprise electromechanical elements and electronic devices, which are used for the platform operation. They include equipment for communication; cockpit display; control, monitoring, and navigation systems; and other electromechanical systems.

LPI (LP Information)' newest research report, the “Avionics Industry Forecast” looks at past sales and reviews total world Avionics sales in 2022, providing a comprehensive analysis by region and market sector of projected Avionics sales for 2023 through 2029. With Avionics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Avionics industry.

This Insight Report provides a comprehensive analysis of the global Avionics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Avionics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Avionics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Avionics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Avionics.

The global Avionics market size is projected to grow from US$ 56020 million in 2022 to US$ 68460 million in 2029; it is expected to grow at a CAGR of 68460 from 2023 to 2029.

Based on subsystem, the flight control & management system dominates the avionics market, in terms of market size, and is expected to continue its dominance over the next five years. This segment is also projected to grow at the highest CAGR during the forecast period. The key factor driving the growth of flight control & management system segment is increasing requirement of real-time flight plan information sharing.

This report presents a comprehensive overview, market shares, and growth opportunities of Avionics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Flight Control & Management System
Communication, Navigation & Surveillance Systems
Monitoring/Glass Cockpit
Electrical & Emergency Systems
Inflight Entertainment
Mission/Tactical System

Segmentation by application
Commercial
Defense
UAV

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Garmin
GE
Honeywell
Rockwell Collins
Thales
United Technologies
Teledyne Technologies
L3 Technologies
Curtiss-Wright
Meggitt
Cobham

Key Questions Addressed in this Report

What is the 10-year outlook for the global Avionics market?

What factors are driving Avionics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Avionics market opportunities vary by end market size?

How does Avionics break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.