Global Avionics Systems Market Growth 2023-2029

Global Avionics Systems Market Growth 2023-2029

Avionics are electronics systems used in aircraft for communication, navigation, and various other flight critical applications. Modern avionics also aid in improved navigation and routing, provide enhanced situational awareness to pilots, and improve the ATM process.

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

This Insight Report provides a comprehensive analysis of the global Avionics Systems 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 Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Avionics Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Avionics Systems 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 Systems.

The global Avionics Systems market size is projected to grow from US$ 31260 million in 2022 to US$ 43330 million in 2029; it is expected to grow at a CAGR of 43330 from 2023 to 2029.

North America is the largest producer of Avionics Systems, with a market share about 45%. It was followed by Europe with 40%. Rockwell Collins, Honeywell Aerospace, Thales Group and GE Aviation are the top 4 manufacturers of industry, and they had more than 80% combined market share.

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

Market Segmentation:

Segmentation by type

Flight Control System

Flight Management System

Health Monitoring System

Others

Segmentation by application

Commercial Use

Military Use

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.

Rockwell Collins

Honeywell Aerospace

Thales Group

Garmin Ltd

Cobham

GE Aviation

BAE Systems

Lockheed Martin

Northrop Grumman

Raytheon

Key Questions Addressed in this Report

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

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

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

How do Avionics Systems market opportunities vary by end market size?

How does Avionics Systems 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.