Commercial Avionics Systems Market: Comprehensive Analysis of Market Size, Trends, Key Drivers, and Technological Innovations

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Commercial Avionics Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $42.02 billion In 2028 At A CAGR Of 6.8% :

The commercial avionics systems market size has grown strongly in recent years. It will grow from $30.23 billion in 2023 to $32.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to aircraft modernization, regulatory compliance, enhanced communication systems, fuel efficiency demands, automation and autonomy, increased passenger expectations.

The commercial avionics systems market size is expected to see strong growth in the next few years. It will grow to $42.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to cybersecurity concerns, environmental regulations, remote and condition-based maintenance, urban air mobility, and international air travel recovery. Major trends in the forecast period include next-gen avionics platforms, autonomous flight technologies, electric and hybrid aircraft, in-flight entertainment systems, satellite navigation systems, health monitoring and predictive maintenance.

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Commercial Avionics Systems Market Major Segments
The commercial avionics systems market covered in this report is segmented -

1) By Sub System: Flight Management And Control, Health Monitoring, Electrical And Emergency, Communication Navigation And Surveillance, Other Sub Systems
2) By Fit: Retrofit, Forward Fit
3) By Aircraft Type: Narrow Body, Wide Body, Regional and Business Jet, Freighter

Key Driver - Surging Airline Passenger Numbers Propel Growth In The Commercial Avionics Systems Market

An increase in the number of airline passengers is expected to propel the growth of the commercial avionics systems market going forward. The avionic systems are the electronic systems used on aircraft that include communications, navigation, the display and management of multiple systems, and other functions. This helps in the better functioning of aircraft, which would result in increased passenger numbers. For instance, in March 2023, according to Bureau of Transportation Statistics, a US-based government agency, the United states airlines carried 853 million airline passengers in 2022 increased from 658 million airline passengers in 2021.. Therefore, the increasing number of airline passengers is driving the commercial avionics systems market growth.

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Prominent Trend - Astronautics Corporation Unveils Aerosync Mission (AEC115) As A Pioneering Line-Fit Solution For Enhanced In-Flight Connectivity

Major companies operating in the commercial avionics systems market are focused on introducing advanced solutions, such as the line-fit connectivity solution, to provide a competitive edge in the market. Line-fit connectivity solutions are integrated and factory-installed avionics systems designed for use in commercial and military aircraft to provide the necessary infrastructure and technology to offer in-flight connectivity services to their passengers. For instance, in March 2022, Astronautics Corporation of America, a US-based manufacturer of avionics equipment, launched AeroSync Mission (AEC115). AeroSync Mission (AEC115) is a connectivity solution designed to provide secure and integrated wireless data transmission for aircraft. It is a complete air-to-ground data management platform that simply and securely gets information on and off the aircraft. It provides high-speed flight, mission, and maintenance data. AeroSync Mission (AEC115) is used in aircraft as an avionics system for commercial and military aerospace.

Commercial Avionics Systems Market Players
Major companies operating in the commercial avionics systems market report are General Electric Company, Raytheon Technologies Corporation, The Boeing Company, Panasonic Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems PLC, Safran, Thales Group, L3Harris Technologies Inc., Collins Aerospace a Raytheon Technologies Corporation, Teledyne Technologies Incorporated, Garmin Ltd., Diehl Stiftung & Co. KG, Kontron Sandt AG, Moog Inc., Curtiss-Wright Corporation, Cobham Limited, Meggitt PLC, FLIR Systems Inc., Esterline CMC Electronics Inc., Astronics Max-Viz, Astronautics Corporation of America, Universal Avionics Systems Corporation, Avidyne Corporation, EuroAvionics Navigation Systems GmbH & Co. KG, Sagetech Avionics Inc., UAVIONIX Corporation, BendixKing, Air Data Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., GE Aviation a division of General Electric Company

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Largest And Fastest Growing Region In The Market
North America was the largest region in the commercial avionics systems market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the commercial avionics systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Commercial Avionics Systems Market Report Structure
3. Commercial Avionics Systems Market Trends And Strategies
4. Commercial Avionics Systems Market - Macro Economic Scenario
5. Commercial Avionics Systems Market Size And Growth
…..
27. Commercial Avionics Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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