The global avionics market is estimated to be valued at US$ 54.9 billion in 2024 and is likely to rise to US$ 117.0 billion by 2034. It is expected to register a CAGR of 7.9% during the forecast period.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2024) | US$ 54.9 billion |
| Anticipated Forecast Value (2034) | US$ 117.0 billion |
| Estimated Growth (2024 to 2034) | 7.9 % CAGR |
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While the avionics market is experiencing growth, several restraining factors can adversely affect its development and expansion.
Based on the system, flight management dominates the global avionics market with a CAGR of 7.7% through 2034. This rising popularity is attributed to:
| Attributes | Details |
|---|---|
| System | Flight Management |
| CAGR (2024 to 2034) | 7.7% |
Based on the fit, retrofit is likely to be preferred and its demand is likely to rise at 7.5% CAGR by 2033. This rising popularity is attributed to:
| Attributes | Details |
|---|---|
| Fit | Retrofit |
| CAGR (2024 to 2034) | 7.5% |
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The section analyses the global avionics market by country, including the United States, the United Kingdom, China, Japan, and South Korea. The table presents the CAGR for each country, indicating the expected market growth through 2034.
| Countries | CAGR |
|---|---|
| The United States | 8.0% |
| The United Kingdom | 9.0% |
| China | 8.5% |
| Japan | 9.3% |
| South Korea | 10.0% |
The United States dominates the global avionics market in the North American region. It is expected to exhibit promising growth opportunities with a CAGR of 8.0% through 2034.
The United Kingdom is the leading European country in the global avionics market. Demand for avionics is likely to rise at a CAGR of 9.0% through 2034.
The market in China is estimated to register a CAGR of 8.5% through 2034, owing to the following dynamics:
The market in Japan is anticipated to register a CAGR of 9.3% through 2034. Collaborations with global aerospace leaders and domestic manufacturers enhance competitiveness, while Japan's reputation for precision engineering and quality control ensures reliability in avionics systems.
South Korea is estimated to register promising growth in the global avionics market. The South Korean market is anticipated to register a CAGR of 10.0% through 2034.
Major companies and manufacturers, such as General Electric (GE), are contributing to the growth of the avionics market globally by creating new technologies that enhance fuel efficiency and performance. GE Aviation, a significant player in the aerospace industry, invests a lot in research and development to develop advanced avionic systems designed for both commercial and military aviation.
These systems incorporate cutting-edge technologies, such as digital flight controls, advanced navigation systems, and predictive maintenance solutions, that ensure optimal performance and safety.
By leveraging their expertise and partnerships with airlines and defense organizations worldwide, companies like GE are advancing avionics technology to meet the evolving demands of the aviation industry while addressing sustainability and operational efficiency concerns.
Recent Developments
The global avionics market is predicted to be worth US$ 54.9 billion by 2024.
The avionics market is expected to reach US$ 117.0 billion by 2034.
The avionics market is growing at a CAGR of 7.9% from 2024 to 2034.
The major players in the market are L3Harris Technologies Inc., Honeywell International Inc., Curtiss-Wright Corporation, Safran SA, and BAE Systems PLC.
Retrofit is the top fit, with a 7.5% CAGR annual growth rate.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By System
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By System, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By System, 2024 to 2034
5.3.1. Flight Management
5.3.2. Communication
5.3.3. Navigation
5.3.4. Weather Detection
5.3.5. Traffic and Collision Management
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By System, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By System, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fit
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Fit, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Fit, 2024 to 2034
6.3.1. Retrofit
6.3.2. Line Fit
6.4. Y-o-Y Growth Trend Analysis By Fit, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Fit, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Platform
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Platform, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Platform, 2024 to 2034
7.3.1. Commercial
7.3.2. Military
7.3.3. General
7.4. Y-o-Y Growth Trend Analysis By Platform, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Platform, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By System
9.2.3. By Fit
9.2.4. By Platform
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By System
9.3.3. By Fit
9.3.4. By Platform
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By System
10.2.3. By Fit
10.2.4. By Platform
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By System
10.3.3. By Fit
10.3.4. By Platform
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By System
11.2.3. By Fit
11.2.4. By Platform
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By System
11.3.3. By Fit
11.3.4. By Platform
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By System
12.2.3. By Fit
12.2.4. By Platform
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By System
12.3.3. By Fit
12.3.4. By Platform
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By System
13.2.3. By Fit
13.2.4. By Platform
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By System
13.3.3. By Fit
13.3.4. By Platform
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By System
14.2.3. By Fit
14.2.4. By Platform
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By System
14.3.3. By Fit
14.3.4. By Platform
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By System
15.2.3. By Fit
15.2.4. By Platform
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By System
15.3.3. By Fit
15.3.4. By Platform
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By System
16.1.2.2. By Fit
16.1.2.3. By Platform
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By System
16.2.2.2. By Fit
16.2.2.3. By Platform
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By System
16.3.2.2. By Fit
16.3.2.3. By Platform
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By System
16.4.2.2. By Fit
16.4.2.3. By Platform
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By System
16.5.2.2. By Fit
16.5.2.3. By Platform
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By System
16.6.2.2. By Fit
16.6.2.3. By Platform
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By System
16.7.2.2. By Fit
16.7.2.3. By Platform
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By System
16.8.2.2. By Fit
16.8.2.3. By Platform
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By System
16.9.2.2. By Fit
16.9.2.3. By Platform
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By System
16.10.2.2. By Fit
16.10.2.3. By Platform
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By System
16.11.2.2. By Fit
16.11.2.3. By Platform
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By System
16.12.2.2. By Fit
16.12.2.3. By Platform
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By System
16.13.2.2. By Fit
16.13.2.3. By Platform
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By System
16.14.2.2. By Fit
16.14.2.3. By Platform
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By System
16.15.2.2. By Fit
16.15.2.3. By Platform
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By System
16.16.2.2. By Fit
16.16.2.3. By Platform
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By System
16.17.2.2. By Fit
16.17.2.3. By Platform
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By System
16.18.2.2. By Fit
16.18.2.3. By Platform
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By System
16.19.2.2. By Fit
16.19.2.3. By Platform
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By System
16.20.2.2. By Fit
16.20.2.3. By Platform
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By System
16.21.2.2. By Fit
16.21.2.3. By Platform
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By System
16.22.2.2. By Fit
16.22.2.3. By Platform
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By System
16.23.2.2. By Fit
16.23.2.3. By Platform
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By System
17.3.3. By Fit
17.3.4. By Platform
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. L3Harris Technologies Inc
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Honeywell International Inc
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Curtiss-Wright Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Safran SA
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. BAE Systems PLC
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. General Electric Company
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Raytheon Technologies
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Meggitt PLC
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Garmin Limited
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Astronautics Corporation of America
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Avionics Market
