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Avionics Market

Global Avionics Market Size, Share, Analysis: By End-Use: OEM, Aftermarket; By System: Hardware, Software; By Platform: Commercial Aviation, Military Aviation, Business Jets and General Aviation, Helicopters; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape: Industry Events and Developments; 2024-2032

Global Avionics Market Outlook

The global avionics market size was estimated to hold a value of around USD 76.74 billion in 2023. The market is further projected for steady growth over the forecast period of 2024-2032 at a CAGR of 4.50%.

 

avionics-market

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Increasing Demand for Hardware Components in Aircrafts is Driving the Global Avionics Industry

Hardware components of an aircraft, such as flight management systems and communication systems, are extremely crucial for safe and smooth flying. Flight management systems bolster the operational harmony between the integral elements of the aircraft linked with a flight from take-off to landing. A flight management system pre-programs the travel route of an aircraft which makes the journey accurate and timely. Hence, over the forecast period, the anticipated increase in incorporation of flight management systems in commercial and military aircrafts is likely to be a major driving factor for the global avionics market.

 

Meanwhile, communication systems are integral hardware in an aircraft as they improve the coordination between crew members and ground personnel. Therefore, the increasing need for efficient communication systems in commercial aircrafts is anticipated to propel the segment’s growth in the coming years.

 

Asia Pacific Accounts for a Significant Share in the Market for Avionics

The market in the region is being driven by the robust expansion of medium and large business which are generating a high demand for helicopters and aircrafts. Countries like China and India account for a combined share of approximately 20% in the global military spending. In this regard, these countries are likely to witness a significant demand for military aircrafts, thereby, propelling the demand for avionics.

 

Moreover, there is a growing affordability of helicopters for religious tourism in India. They are used to visit pilgrimage sites located in mountains or hostile zones, and are likely to be a crucial driving factor for the market in the region. Furthermore, the avionics market is anticipated to be aided by the strong foothold of major players.

 

Market Segmentation

Avionics refers to a combination of aviation and electronics. Avionics are the electronic equipment or control systems installed in an aircraft such as navigation, flight recorders, and lighting systems, among others. Avionics help an aircraft improve its performance, carry out the flight management tasks efficiently, and un-complicate the maintenance.

 

avionics-market-by-segmentation

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Based on end-use, the market can be segmented into:

  • OEM
  • Aftermarket

 

On the basis of system, the avionics market has been divided into:

  • Hardware
  • Flight Management Systems
  • Communication Systems
  • Navigation Systems
  • Surveillance Systems
  • Electrical Systems
  • Emergency Systems
  • Mission and Tactical Systems
  • Inflight Entertainment Systems
  • Health Monitoring Systems
  • Collision Avoidance Systems
  • Weather Systems
  • Software
  • Safety-Critical Airborne Software
  • Mission Flight Management Software
  • Flight Management Software
  • Aircraft Health Diagnostic Software
  • Training and Simulation Software
  • Others

 

The market can be broadly categorised based on platform into:

  • Commercial Aviation
  • Business Jets and General Aviation
  • Military Aviation
  • Helicopters

 

The regional markets for avionics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

avionics-market-by-region

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Technological Advancements in the Military Aviation Sector to Boost the Growth of the Avionics Industry

The global avionics market is being driven by technological advancements in the military aviation sector, which is propelling the incorporation of attack helicopters and combat aircraft. This is augmenting the demand for avionics. There is an increasing aerospace and defence expenditure leading to heightened research and development activities aimed towards expanding the fleet and installing advanced features in aircrafts such as missiles.

 

The increasing expenditure of governments of emerging economies to improve the commercial aviation network is likely to bolster the demand for avionics in the coming years. Over the forecast period, the increasing demand for fuel-efficient aircrafts, owing to the increasing process of fuel are likely to offer lucrative opportunities to the aircraft aftermarket. Moreover, the market is anticipated to be aided by the increasing incorporation of choppers by mobility service providers.

 

Key Players in the Global Avionics Market

The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • BAE Systems plc
  • CCX Technologies
  • Safran Group 
  • Curtiss-Wright Corporation
  • Garmin Ltd 
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End-Use
  • System
  • Platform
  • Region
Breakup by End-Use
  • OEM
  • Aftermarket
Breakup by System
  • Hardware
    • Flight Management Systems
    • Communication Systems
    • Navigation Systems
    • Surveillance Systems
    • Electrical Systems
    • Emergency Systems
    • Mission and Tactical Systems
    • Inflight Entertainment Systems
    • Health Monitoring Systems
    • Collision Avoidance Systems
    • Weather Systems
  • Software
    • Safety-Critical Airborne Software
    • Mission Flight Management Software
    • Flight Management Software
    • Aircraft Health Diagnostic Software
    • Training and Simulation Software
    • Others
Breakup by Platform
  • Commercial Aviation
  • Military Aviation
  • Business Jets and General Aviation
  • Helicopters
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BAE Systems plc
  • CCX Technologies
  • Safran Group
  • Curtiss-Wright Corporation
  • Garmin Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface          
2    Report Coverage – Key Segmentation and Scope
3    Report Description 
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Avionics Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Avionics Historical Market (2018-2023) 
    8.3    Global Avionics Market Forecast (2024-2032)
    8.4    Global Avionics Market by End-Use
        8.4.1    OEM
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Aftermarket
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Avionics Market by System
        8.5.1    Hardware
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
            8.5.1.3    Breakup by Type
                8.5.1.3.1    Flight Management Systems
                8.5.1.3.2    Communication Systems
                8.5.1.3.3    Navigation Systems
                8.5.1.3.4    Surveillance Systems
                8.5.1.3.5    Electrical Systems
                8.5.1.3.6    Emergency Systems
                8.5.1.3.7    Mission and Tactical Systems
                8.5.1.3.8    Inflight Entertainment Systems
                8.5.1.3.9    Health Monitoring Systems
                8.5.1.3.10    Collision Avoidance Systems
                8.5.1.3.11    Weather Systems
        8.5.2    Software
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
            8.5.2.3    Breakup by Type
                8.5.2.3.1    Safety-Critical Airborne Software
                8.5.2.3.2    Mission Flight Management Software
                8.5.2.3.3    Flight Management Software
                8.5.2.3.4    Aircraft Health Diagnostic Software
                8.5.2.3.5    Training and Simulation Software
                8.5.2.3.6    Others  
    8.6    Global Avionics Market by Platform
        8.6.1    Commercial Aviation
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Military Aviation
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Business Jets and General Aviation
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Helicopters 
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032) 
    8.7    Global Avionics Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Avionics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Avionics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Avionics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    15.2    Japan
        15.2.1    Historical Trend (2018-2023) 
        15.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Avionics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Avionics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    BAE Systems plc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    CCX Technologies
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Safran Group 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Curtiss-Wright Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Garmin Ltd 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Avionics Market: Key Industry Highlights, 2018 and 2032
2.    Global Avionics Historical Market: Breakup by End-Use (USD Million), 2018-2023
3.    Global Avionics Market Forecast: Breakup by End-Use (USD Million), 2024-2032
4.    Global Avionics Historical Market: Breakup by System (USD Million), 2018-2023
5.    Global Avionics Market Forecast: Breakup by System (USD Million), 2024-2032
6.    Global Avionics Historical Market: Breakup by Platform (USD Million), 2018-2023
7.    Global Avionics Market Forecast: Breakup by Platform (USD Million), 2024-2032
8.    Global Avionics Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Avionics Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Avionics Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Avionics Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Avionics Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Avionics Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Avionics Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Avionics Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Avionics Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Avionics Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Avionics Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Avionics Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Avionics Market Structure

Key Questions Answered in the Report

What was the global avionics market size in 2023?

In 2023, the global market attained a value of nearly USD 76.74 billion.

What is the expected rate of growth for the market?

The market is expected to witness steady growth at a CAGR of 4.50% between the forecast period of 2024 and 2032.

What are the major regional markets for avionics, according to the EMR report?

The major regions in the industry are the Asia Pacific, North America, Europe, Latin America, Africa, and the Middle East.

What are the major industry drivers?

The major drivers of the market include the rising expenditure in commercial aviation, increasing incorporation of aircrafts in the military sector, and growing expansion of the aircraft aftermarket.

What are the key industry trends affecting the market globally?

Technological advancements in the military and defence industry are likely to be the key trends in the market.

What are the different end-uses based on which the market has been bifurcated?

OEM and aftermarket are the are the different deployment types based on which the market has been bifurcated.

What is the market bifurcation based on system?

Hardware and software are the market bifurcation based on system.

What are the significant platforms included in the market report?

The significant platforms included in the market report comprise of military aviation, commercial aviation, general aviation, business jets, and helicopters.

Who are the key industry players, according to the report?

The major players in the industry are BAE Systems plc, CCX Technologies, Safran Group, Curtiss-Wright Corporation, and Garmin Ltd, among others.

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