PUBLISHER: Grand View Research | PRODUCT CODE: 1530235
PUBLISHER: Grand View Research | PRODUCT CODE: 1530235
Avionics Market Size, Share & Trends Analysis Report By System (Navigation Systems, Communication, Flight Management), By Component (Hardware, Software), By Platform, By Region, And Segment Forecasts, 2024 - 2030
Avionics Market Size & Trends
The global avionics market size was estimated at USD 44.68 billion in 2023 and is expected to grow at a CAGR of 9.7% from 2024 to 2030. The market growth can be attributed to increased demand for connected and economical aircraft systems. The rising global demand for domestic and international air travel across developing countries has increased orders for new commercial aircraft. This demand fuels the need for advanced avionics systems that ensure compliance with stringent safety regulations and enhance passenger experience. Airlines are investing in modernizing their fleets with updated and innovative avionics to remain competitive, improve fuel efficiency, and reduce operational costs. Thus, the expansion of the commercial aviation sector significantly boosts the market growth.
Moreover, the ongoing advancements in avionics technology, including integrating touchscreen interfaces, next-generation flight management systems, and advanced connectivity solutions, are significant growth drivers. These upgrades enhance aircraft operations' safety, efficiency, and performance, compelling both commercial and military sectors to update their avionics systems. This constant evolution and upgrade in technology attract airline companies to upgrade their fleets, driving market growth.
Stringent regulatory standards and safety requirements imposed by aviation authorities like the FAA (Federal Aviation Administration) and EASA (European Union Aviation Safety Agency) drive the demand for advanced avionics. These regulations mandate adopting cutting-edge avionics systems to ensure safety, reliability, and compliance. For instance, mandates such as ADS-B (Automatic Dependent Surveillance-Broadcast) equipage for enhanced air traffic management compel airlines and aircraft manufacturers to upgrade their avionics. This regulatory pressure accelerates the adoption of new technologies, contributing to market growth.
In addition, with growing geopolitical tensions globally, defense spending has significantly increased, particularly in upgrading and expanding military aircraft capabilities. This investment in enhanced avionics systems for surveillance, communication, and combat missions is a significant driver for the market. It signifies a shift towards implementing the latest and upgraded avionics that provide a strategic advantage, thereby boosting market growth.
Furthermore, the growing adoption of unmanned aerial vehicles (UAVs) for various applications, including surveillance, reconnaissance, and commercial uses, is a considerable growth driver for the market. UAVs require advanced avionics for navigation, control, and communication to perform their missions effectively. The increasing utilization of UAVs in sectors like agriculture, logistics, and defense stimulates demand for specialized avionics systems, fostering market expansion. The rapid development and deployment of UAV technology are expected to contribute to the continued market growth in the coming years.
Global Avionics Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels and provides an analyzes of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global avionics market report based on system, component, platform, and region:
- System Outlook (Revenue, USD Million, 2018 - 2030)
- Navigation Systems
- Communication
- Flight Management
- Traffic and Collision Management
- Weather
- Others
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software
- Platform Outlook (Revenue, USD Million, 2018 - 2030)
- Commercial Aviation
- Military Aviation
- Business and General Aviation
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
Germany
UK
France
Italy
- Asia Pacific
Japan
China
India
Australia
South Korea
- Latin America
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Avionics Market Snapshot
- 2.2. Avionics Market- Segment Snapshot (1/2)
- 2.3. Avionics Market- Segment Snapshot (2/2)
- 2.4. Avionics Market- Competitive Landscape Snapshot
Chapter 3. Avionics Market - Industry Outlook
- 3.1. Market Overview
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.4. Technology Landscape
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's analysis
- 3.5.2. Macroeconomic analysis
Chapter 4. Avionics Market: System Estimates & Trend Analysis
- 4.1. System Movement Analysis & Market Share, 2023 & 2030
- 4.2. Avionics Market Estimates & Forecast, By System (USD Billion)
- 4.2.1. Navigation Systems
- 4.2.2. Communication
- 4.2.3. Flight Management
- 4.2.4. Traffic and Collision Management
- 4.2.5. Weather
- 4.2.6. Others
Chapter 5. Avionics Market: Component Estimates & Trend Analysis
- 5.1. Component Movement Analysis & Market Share, 2023 & 2030
- 5.2. Avionics Market Estimates & Forecast, By Component (USD Billion)
- 5.2.1. Hardware
- 5.2.2. Software
Chapter 6. Avionics Market: Platform Estimates & Trend Analysis
- 6.1. Platform Movement Analysis & Market Share, 2023 & 2030
- 6.2. Avionics Market Estimates & Forecast, By Platform (USD Billion)
- 6.2.1. Commercial Aviation
- 6.2.2. Military Aviation
- 6.2.3. Business and General Aviation
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Avionics Market by Region, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Avionics Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.2.2. U.S.
- 7.2.3. Canada
- 7.2.4. Mexico
- 7.3. Europe
- 7.3.1. Europe Avionics Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.3.2. Germany
- 7.3.3. UK
- 7.3.4. France
- 7.3.5. Italy
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Avionics Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.4.2. Japan
- 7.4.3. China
- 7.4.4. India
- 7.4.5. South Korea
- 7.4.6. Australia
- 7.5. Latin America
- 7.5.1. Latin America Avionics Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.5.2. Brazil
- 7.6. Middle East & Africa (MEA)
- 7.6.1. MEA Avionics Market Estimates & Forecasts, 2018 - 2030, (USD Billion)
- 7.6.2. Saudi Arabia
- 7.6.3. UAE
- 7.6.4. South Africa
Chapter 8. Avionics Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion/Divestiture
- 8.8.2. Collaborations/Partnerships
- 8.8.3. New Product Launches
- 8.8.4. Research & Development
- 8.9. Company Profiles
- 8.9.1. Thales S.A.
- 8.9.1.1. Participant's Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Recent Developments
- 8.9.2. Honeywell International Inc.
- 8.9.2.1. Participant's Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Recent Developments
- 8.9.3. RTX Corporation
- 8.9.3.1. Participant's Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Recent Developments
- 8.9.4. L3Harris Technologies, Inc.
- 8.9.4.1. Participant's Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Recent Developments
- 8.9.5. Leonardo S.p.A.
- 8.9.5.1. Participant's Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Recent Developments
- 8.9.6. General Electric Company
- 8.9.6.1. Participant's Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Recent Developments
- 8.9.7. BAE Systems plc
- 8.9.7.1. Participant's Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Recent Developments
- 8.9.8. Northrop Grumman
- 8.9.8.1. Participant's Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Recent Developments
- 8.9.9. Elbit Systems Ltd.
- 8.9.9.1. Participant's Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Recent Developments
- 8.9.10. Safran S.A.
- 8.9.10.1. Participant's Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Recent Developments
- 8.9.1. Thales S.A.
List of Tables
- Table 1 Key market driver impact
- Table 2 Key market restraint impact
- Table 3 Avionics Market Revenue Estimates and Forecast, By System, 2018 - 2030 (USD Billion)
- Table 4 Avionics Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Billion)
- Table 5 Avionics Market Revenue Estimates and Forecast, by Platform, 2018 - 2030 (USD Billion)
- Table 6 Recent Developments & Impact Analysis, By Key Market Participants
- Table 7 Company Heat Map Analysis
- Table 8 Key companies launching new products
- Table 9 Key companies pursuing expansions
- Table 10 Key companies pursuing mergers & acquisitions
- Table 11 Key companies striking collaborations/partnerships
List of Figures
- Fig. 1 Avionics Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Avionics Market Value, 2023 & 2030 (USD Billion)
- Fig. 11 Industry Value Chain Analysis
- Fig. 12 Market Dynamics
- Fig. 13 PORTER's Analysis
- Fig. 14 PESTEL Analysis
- Fig. 15 Avionics Market, by System: Key Takeaways
- Fig. 16 Avionics Market, by System: Market Share, 2023 & 2030
- Fig. 17 Navigation Systems Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Flight Management Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Traffic and Collision Management Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 Weather Management Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Avionics Market, by Component: Key Takeaways
- Fig. 23 Avionics Market, by Component: Market Share, 2023 & 2030
- Fig. 24 Hardware Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Software Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Avionics Market, by Platform: Key Takeaways
- Fig. 27 Avionics Market, by Platform: Market Share, 2023 & 2030
- Fig. 28 Commercial Aviation Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Military Aviation Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Business and General Aviation Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Avionics Market Revenue by Region, 2023 & 2030 (USD Billion)
- Fig. 32 Regional Marketplace: Key Takeaways
- Fig. 33 North America Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 U.S. Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Canada Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Mexico Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 Europe Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 38 Germany Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 UK Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 France Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 Italy Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 Asia Pacific Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 China Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Japan Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 South Korea Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 India Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 Australia Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 Latin America Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 Brazil Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 Middle East & Africa Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 UAE Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 Saudi Arabia Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 South Africa Avionics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Key Company Categorization
- Fig. 55 Company Market Positioning
- Fig. 56 Strategic framework
