Avionics Market Share, Size, Trends, Industry Analysis Report, By System; By Fit; By Platform (Commercial, Military, General); By Region; Segment Forecast, 2022 - 2030

Avionics Market Share, Size, Trends, Industry Analysis Report, By System; By Fit; By Platform (Commercial, Military, General); By Region; Segment Forecast, 2022 - 2030

The global avionics market size is expected to reach USD 83.49 billion by 2030, according to a new study by Polaris Market Research. The report “Avionics Market Share, Size, Trends, Industry Analysis Report, By System; By Fit; By Platform (Commercial, Military, General); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The continuous modernization of existing avionics with a next-generation integrated system and growing R&D spending by governments drives the market growth. Furthermore, the rising demand for fuel-efficient aircraft with the advanced aircraft computer system is a key driving factor of market growth.

In addition, the rising demand for military aircraft in emerging economies such as China & India will spur the market. Governments in these nations are heavily invested in advanced aircraft systems. For instance, In September 2016, the Indian government signed a contract with the French government to supply 36 Rafale fighter jets.

The COVID-19 pandemic had a negative impact on the demand for the market owing to a high decline in passenger traffic with stringent government regulations across the globe. Moreover, a steep decrease in government investment also hampered the market.

Avionics Market Report Highlights

The growing demand for navigation systems is due to the improvement of aircraft fleets by many airline players with the latest electronic equipment for safety and fuel efficiency.

The line fit segment accounted for the highest revenue share in 2021 and is expected to continue its dominance because it is directly installed into aircraft cockpits by OEMs. It offers a new level of operability.

North America is expected to dominate the market over the forecast period on account of high investments by domestic players, availability of raw materials, and advanced technologies in aerospace manufacturing facilities are collectively increasing the market demand.

Major players operating in the industry include General Electric Company, Raytheon Technologies, L3Harris Technologies Inc., Honeywell International Inc., Curtiss-Wright Corporation, Safran SA, BAE Systems PLC, Meggitt PLC, and Garmin Limited.

Polaris Market Research has segmented the avionics market report based on system, fit, platform, and region:

Avionics, System Outlook (Revenue – USD Billion, 2018 – 2030)

Flight Management

Communication

Navigation

Weather Detection

Traffic and Collision Management

Others

Avionics, Fit Outlook (Revenue – USD Billion, 2018 – 2030)

Retrofit

Line Fit

Avionics, Platform Outlook (Revenue – USD Billion, 2018 – 2030)

Commercial

Military

General

Avionics, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa