Avionics Market Size and Share Forecast Outlook (2024 to 2034)

The global avionics market is estimated to be valued at USD 54.9 billion in 2024 and is likely to rise to USD 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) USD 54.9 billion
Anticipated Forecast Value (2034) USD 117.0 billion
Estimated Growth (2024 to 2034) 7.9 % CAGR

Lucrative Opportunities Driving Demand Growth in the Avionics Market

  • Increasing demand for commercial aircraft due to higher air travel, particularly in emerging economies, is driving the growth of the avionics systems market.
  • Technological advancements in avionics technology, including more advanced navigation, communication, and flight management systems, enhance aircraft safety, efficiency, and capabilities and drive market growth.
  • The need to modernize and upgrade existing aircraft with highly developed avionics systems is growing as airlines strive to improve efficiency, reduce operational costs, and comply with new regulations.
  • Avionics play a critical role in ensuring flight safety and security. With growing concerns in the aviation industry, investing in advanced avionics systems has become a priority to enhance situational awareness, communication, and navigation capabilities.
  • Defense organizations worldwide are investing in modernizing their fleets with advanced avionics systems to enhance operational capabilities, including communication, surveillance, and mission management.
  • The increasing demand for uncrewed aerial vehicles (UAVs) for various military, commercial, and recreational applications drives the demand for avionics systems tailored for these unmanned platforms.
  • Governments worldwide are implementing regulations and initiatives to improve aviation safety, efficiency, and environmental sustainability, often requiring advanced avionics technologies.

Sales Trend Analysis and Consumption Patterns in the Avionics Market

  • The aviation industry demands more advanced and efficient avionics systems to enhance aircraft capabilities and improve operational efficiency for both commercial and military sectors.
  • Avionics systems sales are consistently increasing as aircraft manufacturers incorporate these systems into new aircraft models and offer avionics upgrade packages for existing fleets.
  • The adoption of avionics technology is rising as more airlines, military agencies, and operators recognize the benefits of upgrading to advanced systems. This is driven by factors such as regulatory requirements, the need for improved efficiency, and the desire to enhance flight safety and situational awareness.
  • Avionics systems are crucial in improving flight operations, navigation accuracy, communication capabilities, and overall flight experience. This makes them popular among aircraft operators, pilots, and passengers.
  • The emergence of innovative technologies such as digital cockpits, integrated flight management systems, and enhanced connectivity solutions is further fueling the popularity of avionics systems.
  • Avionics manufacturers are expanding their sales channels and partnerships to reach a broader customer base globally, making these advanced systems more accessible and desirable to aviation stakeholders worldwide.

Key Restraints Impacting the Growth of the Avionics Industry

While the avionics market is experiencing growth, several restraining factors can adversely affect its development and expansion.

  • Stringent regulations and certifications can make it difficult to adopt new avionics technologies.
  • The high research, development, and testing costs can deter avionics systems' market growth.
  • Dependence on complex global supply chains can lead to delays and uncertainties in avionics production.
  • Increasing vulnerabilities to cyber threats pose risks to the integrity and security of avionics systems, leading to potential setbacks.
  • Compatibility issues and challenges in integrating new avionics systems with existing aircraft platforms can slow adoption.
  • Economic downturns can impact investment in avionics upgrades and new installations, especially due to fluctuations in airline profitability.
  • Pressure to reduce emissions and fuel consumption may divert resources from avionics innovation towards environmental compliance measures.

Avionics Industry Analysis by Top Investment Segments

Flight Management System Streamlines Flight Operations, Enhances Efficiency, and Ensures Safety

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:

  • The flight management system is vital to modern aircraft operations and continues to dominate the avionics market.
  • The flight management system's advanced capabilities enable precise route optimization, fuel management, and performance monitoring, contributing to cost savings for airlines while improving operational efficiency.
  • Integrating flight management systems with other avionics systems, such as autopilot and navigation aids, allows for seamless coordination and control, further solidifying its market dominance.
  • With continuous technological advancements that enhance functionality, such as real-time data sharing, improved situational awareness, and enhanced decision-making capabilities for pilots, flight management systems remain a preferred choice for both commercial and military aviation sectors.
  • As aviation trends toward increased automation and digitization, FMS's importance in optimizing flight operations and ensuring safety is expected to solidify its dominance in the avionics market further.
Attributes Details
System Flight Management
CAGR (2024 to 2034) 7.7%

Retrofitting Ensures Aircraft Stay Updated with the Latest Avionics

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:

  • Retrofit eliminates the need to purchase new aircraft by allowing operators to upgrade existing ones with the latest avionics technology. This cost-effective solution saves on the investment required to buy new aircraft models with installed advanced avionics systems.
  • Retrofitting offers flexibility as operators can customize upgrades to suit their needs and budget constraints.
  • Retrofitting addresses the challenge of fleet modernization by ensuring compliance with current safety standards and operational requirements.
Attributes Details
Fit Retrofit
CAGR (2024 to 2034) 7.5%

Analysis of Top Countries Developing, Certifying, and Integrating Avionics Systems

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%

United States Advanced Technology and Research Institutions

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 States has a strong and competitive aerospace industry, with companies like Boeing and Lockheed Martin leading the way in avionics innovation and production.
  • With extensive military and commercial aviation, the United States dominates the global avionics market.

The United Kingdom’s Aerospace Expertise and Innovation

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 United Kingdom has a long history of aviation innovation, with companies like BAE Systems and Rolls-Royce leading in avionics development.
  • The United Kingdom invests heavily in research and development, supported by academic institutions and government initiatives, driving technological advancements.
  • Collaborations with international aerospace firms and participation in major aviation projects enhance the country's global partnerships and influence in the avionics market.

China's Rapidly Growing Aviation Industry and Increasing Defence Spending

The market in China is estimated to register a CAGR of 8.5% through 2034, owing to the following dynamics:

  • The government provides strategic initiatives and investments to support domestic avionics development and reduce reliance on foreign suppliers.
  • China's emerging markets offer opportunities for market expansion as the demand for commercial aircraft and military modernization efforts continues to grow.

Japan is known for its Advanced Engineering Capabilities and Strong Electronics Industry

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's Increasing Government Support and Investment in Aerospace Technology

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.

  • South Korean companies excel in electronics manufacturing, providing critical components for avionics systems.
  • With its strategic location and partnerships with global aviation players, South Korea is enhancing its regional influence in the global avionics market.

Competitive Landscape of the Avionics Market

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

  • On February 12, 2024, in Huntsville, Alabama, AMETEK Abaco Systems announced that its FORCE2C mission computer had received FAA approval. After completing Service of Interest (SOI) reviews, the system met DO-254 and DO-178C standards for crewed and uncrewed fixed-wing and rotary-wing aircraft.
  • On February 8, 2024, AIN reported that Ireland-based start up Future Energy Global aimed to boost the sustainable aviation fuel (SAF) market. Backed by Aviation Partners, it targeted over USD 1 trillion in investment to achieve the aviation industry's net-zero emissions goal. The company aimed to scale SAF production significantly by 2050, using pre-purchasing ecosystems to unite investors, suppliers, and buyers.
  • On February 5, 2024, Boeing, headquartered in St. Louis, Missouri, USA, secured a USD 61 million contract modification for upgrading the F-15 Advanced Display Core Processor II (ADCP II) system. This pivotal modification facilitated the integration of ADCP II systems into the F-15 platform.
  • On October 23, 2023, De Havilland Canada announced two significant developments: a partnership with Universal Avionics and the acquisition of Mid-Canada Mod Centre. Universal Avionics became the lead supplier of integrated flight decks for De Havilland Canada's CL-215T and CL-415 firefighting aircraft, supporting aerial firefighting operations with NextGen systems.

Leading Companies Profiled in the Avionics Market Report

  • L3Harris Technologies Inc.
  • Honeywell International Inc.
  • Curtiss-Wright Corporation
  • Safran SA
  • BAE Systems PLC
  • General Electric Company
  • Raytheon Technologies
  • Meggitt PLC
  • Garmin Limited
  • Astronautics Corporation of America

Scope and Coverage of the Avionics Market Report

  • Commercial Aircraft Avionics Systems Market Analysis
  • Demand Analysis for Commercial and Military Avionics Interconnect Applications
  • Global Market and Regional Analysis of Avionics Market for Aerospace
  • Top Aircraft Parts and Supplies in Avionics Market
  • Ongoing Trends in Europe's Civil Avionics Market
  • Insights into Standards for Avionics

Top Segments Studied in the Avionics Market Report

By System:

  • Flight Management
  • Communication
  • Navigation
  • Weather Detection
  • Traffic and Collision Management
  • Others

By Fit:

  • Retrofit
  • Line Fit

By Platform:

  • Commercial
  • Military
  • General

By Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By System
    • 5.1. Flight Management
    • 5.2. Communication
    • 5.3. Navigation
    • 5.4. Weather Detection
    • 5.5. Traffic and Collision Management
    • 5.6. Others
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fit
    • 6.1. Retrofit
    • 6.2. Line Fit
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Platform
    • 7.1. Commercial
    • 7.2. Military
    • 7.3. General
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. L3Harris Technologies Inc
    • 18.2. Honeywell International Inc
    • 18.3. Curtiss-Wright Corporation
    • 18.4. Safran SA
    • 18.5. BAE Systems PLC
    • 18.6. General Electric Company
    • 18.7. Raytheon Technologies
    • 18.8. Meggitt PLC
    • 18.9. Garmin Limited
    • 18.10. Astronautics Corporation of America
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 4: Global Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 6: North America Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 7: North America Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 8: North America Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 10: Latin America Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 11: Latin America Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 12: Latin America Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 14: Western Europe Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 15: Western Europe Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 16: Western Europe Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 18: Eastern Europe Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 19: Eastern Europe Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 20: Eastern Europe Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: East Asia Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 27: East Asia Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 28: East Asia Market Value (US$ Million) Forecast by Platform, 2019 to 2034

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Fit, 2019 to 2034

Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Platform, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by System, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Fit, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Platform, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 9: Global Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 10: Global Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 11: Global Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 12: Global Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 14: Global Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 17: Global Market Attractiveness by System, 2024 to 2034

Figure 18: Global Market Attractiveness by Fit, 2024 to 2034

Figure 19: Global Market Attractiveness by Platform, 2024 to 2034

Figure 20: Global Market Attractiveness by Region, 2024 to 2034

Figure 21: North America Market Value (US$ Million) by System, 2024 to 2034

Figure 22: North America Market Value (US$ Million) by Fit, 2024 to 2034

Figure 23: North America Market Value (US$ Million) by Platform, 2024 to 2034

Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 28: North America Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 29: North America Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 30: North America Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 31: North America Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 32: North America Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 34: North America Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 37: North America Market Attractiveness by System, 2024 to 2034

Figure 38: North America Market Attractiveness by Fit, 2024 to 2034

Figure 39: North America Market Attractiveness by Platform, 2024 to 2034

Figure 40: North America Market Attractiveness by Country, 2024 to 2034

Figure 41: Latin America Market Value (US$ Million) by System, 2024 to 2034

Figure 42: Latin America Market Value (US$ Million) by Fit, 2024 to 2034

Figure 43: Latin America Market Value (US$ Million) by Platform, 2024 to 2034

Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 48: Latin America Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 49: Latin America Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 51: Latin America Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 54: Latin America Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 57: Latin America Market Attractiveness by System, 2024 to 2034

Figure 58: Latin America Market Attractiveness by Fit, 2024 to 2034

Figure 59: Latin America Market Attractiveness by Platform, 2024 to 2034

Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 61: Western Europe Market Value (US$ Million) by System, 2024 to 2034

Figure 62: Western Europe Market Value (US$ Million) by Fit, 2024 to 2034

Figure 63: Western Europe Market Value (US$ Million) by Platform, 2024 to 2034

Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 68: Western Europe Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 69: Western Europe Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 71: Western Europe Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 74: Western Europe Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 77: Western Europe Market Attractiveness by System, 2024 to 2034

Figure 78: Western Europe Market Attractiveness by Fit, 2024 to 2034

Figure 79: Western Europe Market Attractiveness by Platform, 2024 to 2034

Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 81: Eastern Europe Market Value (US$ Million) by System, 2024 to 2034

Figure 82: Eastern Europe Market Value (US$ Million) by Fit, 2024 to 2034

Figure 83: Eastern Europe Market Value (US$ Million) by Platform, 2024 to 2034

Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 88: Eastern Europe Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 97: Eastern Europe Market Attractiveness by System, 2024 to 2034

Figure 98: Eastern Europe Market Attractiveness by Fit, 2024 to 2034

Figure 99: Eastern Europe Market Attractiveness by Platform, 2024 to 2034

Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 101: South Asia and Pacific Market Value (US$ Million) by System, 2024 to 2034

Figure 102: South Asia and Pacific Market Value (US$ Million) by Fit, 2024 to 2034

Figure 103: South Asia and Pacific Market Value (US$ Million) by Platform, 2024 to 2034

Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 117: South Asia and Pacific Market Attractiveness by System, 2024 to 2034

Figure 118: South Asia and Pacific Market Attractiveness by Fit, 2024 to 2034

Figure 119: South Asia and Pacific Market Attractiveness by Platform, 2024 to 2034

Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 121: East Asia Market Value (US$ Million) by System, 2024 to 2034

Figure 122: East Asia Market Value (US$ Million) by Fit, 2024 to 2034

Figure 123: East Asia Market Value (US$ Million) by Platform, 2024 to 2034

Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 128: East Asia Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 129: East Asia Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 130: East Asia Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 131: East Asia Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 132: East Asia Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 134: East Asia Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 137: East Asia Market Attractiveness by System, 2024 to 2034

Figure 138: East Asia Market Attractiveness by Fit, 2024 to 2034

Figure 139: East Asia Market Attractiveness by Platform, 2024 to 2034

Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 141: Middle East and Africa Market Value (US$ Million) by System, 2024 to 2034

Figure 142: Middle East and Africa Market Value (US$ Million) by Fit, 2024 to 2034

Figure 143: Middle East and Africa Market Value (US$ Million) by Platform, 2024 to 2034

Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Fit, 2019 to 2034

Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Fit, 2024 to 2034

Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Fit, 2024 to 2034

Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Platform, 2019 to 2034

Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Platform, 2024 to 2034

Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Platform, 2024 to 2034

Figure 157: Middle East and Africa Market Attractiveness by System, 2024 to 2034

Figure 158: Middle East and Africa Market Attractiveness by Fit, 2024 to 2034

Figure 159: Middle East and Africa Market Attractiveness by Platform, 2024 to 2034

Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

What is the avionics market currently worth?

The global avionics market is predicted to be worth USD 54.9 billion by 2024.

What is the sales forecast for the avionics market through 2034?

The avionics market is expected to reach USD 117.0 billion by 2034.

At what rate is the avionics market growing globally?

The avionics market is growing at a CAGR of 7.9% from 2024 to 2034.

Who are the major players in the avionics market?

The major players in the market are L3Harris Technologies Inc., Honeywell International Inc., Curtiss-Wright Corporation, Safran SA, and BAE Systems PLC.

Which is the top fit in the avionics market?

Retrofit is the top fit, with a 7.5% CAGR annual growth rate.

Future Market Insights

Avionics Market