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Avionics Market Report : By Size, Trends And Forecast 2023-2032 | Safran S.A., Honeywell Aerospace, GE Aviation, BAE Systems plc, Meggitt plc
Avionics Market Analysis
As per the avionics market report by The Business Research Company, The increase in demand for new commercial aircraft is expected to propel the growth of the avionics market going forward. Commercial aircraft refers to a plane that carries passengers or goods from one place to another.
The global avionics market size grew from $72.51 billion in 2022 to $78.46 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The avionics market size is expected to grow to $99.87 billion in 2027 at a CAGR of 6.2%.
Read More On The Avionics Market Report Here:
https://www.thebusinessresearchcompany.com/report/avionics-global-market-report
Major competitors in the Avionics market include Safran S.A., Honeywell Aerospace, Thales Group, L-3 Avionics Systems, Raytheon Technologies, GE Aviation, BAE Systems plc, Meggitt plc, Rockwell Collins Inc., Panasonic Avionics Corporation, Garmin Ltd., Universal Avionics System Corporation, Airbus SE, The Boeing Company, Cobham Limited, Curtiss-Wright, and Teledyne Technologies.
The Avionics market is segmented -
By Platform: Commercial Aviation, Military Aviation, Business Jets, General Aviation, Helicopters
By Sub System: Flight Management and Control, Health Monitoring, Electrical and Emergency, Communication Navigation and Surveillance
By End User: Original Equipment Manufacturer (OEM), Aftermarket
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Avionics market.
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Avionics refers to a combination of multiple display units which are equipped in the aircraft to perform the flight operation. The avionics are used in spacecraft, artificial satellites, and aircraft for communication, navigation, and managing multiple systems. The avionics system includes various flight sub-systems, including health monitoring systems, flight management, flight control, navigation & surveillance systems, electrical & emergency, communication, and systems electronics.
The Table Of Content For The Avionics Market Include:
1. Executive Summary
2. Avionics Market Characteristics
3. Avionics Market Trends And Strategies
4. Avionics Forwarding Market - Macro Economic Scenario
5. Avionics Market Size And Growth
……
26. Africa Avionics Market
27. Avionics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Avionics Market
29. Avionics Market Future Outlook and Potential Analysis
30. Appendix
The "Global Avionics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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