Press release
Global Commercial Avionics Systems Market Projected to Surpass $43.62 Billion by 2029 with 6.7% Annual Growth
Commercial Avionics Systems
The commercial avionics systems market is projected to grow, driven by an anticipated rise in airline passenger numbers. Avionic systems, comprising electronic systems on the aircraft that manage communication, navigation, display, and other functions, enhance the overall performance of the aircraft and are therefore likely to attract more passengers. As an example, data from the US Bureau of Transportation Statistics, a government agency, revealed that the number of passengers carried by US airlines rose from 658 million in 2021 to 853 million in 2022, a surge attributed to the implementation of these systems. Consequently, this surge in passenger numbers is stimulating the expansion of the commercial avionics systems market.
Get Your Commercial Avionics Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/commercial-avionics-systems-global-market-report
How will the growth rate of the commercial avionics systems market shape industry trends by 2034?
The market size for commercial avionics systems has shown considerable growth in the last few years. Its size is projected to increase from $31.62 billion in 2024 to $33.7 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the historic period include advancements in aircraft technology, regulatory adherence, improved communication systems, demands for fuel efficiency, automation and autonomy, as well as heightened passenger expectations.
The market size of commercial avionics systems is projected to experience significant growth in the upcoming years, estimated to reach a value of $43.62 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. This anticipated growth during the forecast period can be linked to factors such as cybersecurity issues, environmental regulations, remote and condition-oriented upkeep, urban air mobility, and the resurgence of international air travel. Key trends expected during this period encompass next-generation avionics platforms, autonomous flight capabilities, electric and hybrid planes, in-craft entertainment systems, satellite navigation mechanisms, and systems for health monitoring and predictive maintenance.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7075&type=smp
What trends are poised to drive the future success of the commercial avionics systems market?
Many major firms involved in the commercial avionics systems market are working on launching innovative solutions, such as line-fit connectivity solutions, in an effort to remain competitive. Line-fit connectivity solutions involve the integration and factory installation of avionics systems, which are primarily utilized in commercial and military aviation to supply the necessary infrastructure and technology for in-flight connectivity services for passengers. An example of this is the AeroSync Mission (AEC115), which was introduced by the US-based Astronautics Corporation of America in March 2022. The AeroSync Mission (AEC115) is a connectivity resolution devised to enable secure and completely integrated wireless data transmission for aircraft. This air-to-ground data management platform delivers high-speed flight, mission, and maintenance data efficiently and without compromising security. This system is typically employed as an avionics system in both commercial and military aerospace aircraft.
Which primary segments of the commercial avionics systems market are driving growth and industry transformations?
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
Subsegments:
1) By Flight Management And Control: Autopilot Systems, Flight Control Computers, Instrument Landing Systems
2) By Health Monitoring: Engine Health Monitoring Systems, Structural Health Monitoring Systems, System Health Management
3) By Electrical And Emergency: Power Distribution Systems, Backup Power Systems, Emergency Locator Transmitters
4) By Communication Navigation And Surveillance: Communication Systems, Navigation Systems, Surveillance Systems
5) By Other Sub Systems: Cabin Management Systems, Display Systems, Data Recording Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7075
Which geographical regions are pioneering growth in the commercial avionics systems market?
North America was the largest region in the commercial avionics systems market in 2024. 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.
Who are the influential players reshaping the commercial avionics systems market landscape?
Major companies operating in the commercial avionics systems market include 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=7075&type=smp
What Is Covered In The Commercial Avionics Systems Global Market Report?
•Market Size Forecast: Examine the commercial avionics systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the commercial avionics systems market for a structured understanding.
•Key Players Overview: Analyze major players in the commercial avionics systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial avionics systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the commercial avionics systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial avionics systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the commercial avionics systems market.
•Competitive Landscape: Review strategic developments in the commercial avionics systems market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Commercial Avionics Systems Market Projected to Surpass $43.62 Billion by 2029 with 6.7% Annual Growth here
News-ID: 3908323 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for Avionic
The importance of corrosion protection for avionic and electronic components
Corrosion protection for avionic and electronic components involves a combination of design and maintenance considerations and practices. Environmental testing helps to assess the performance of components under various conditions, including temperature extremes, vibration, humidity, chemical contaminants, moisture and salt exposure. Regular inspection can detect any signs of corrosion, allowing preventive maintenance, cleaning, and application of protective coatings. Corrosion protection is crucial for avionic and electronic components for several reasons:
RELIABILITY AND…
Unveiling the Advanced Avionic Communication Systems for Modern Warfare Aircraft …
According to a new report published by Allied Market Research, titled, "Military aircraft communication avionics Market," The military aircraft communication avionics market was valued at $23.9 billion in 2020, and is estimated to reach $35.0 billion by 2030, growing at a CAGR of 4.05% from 2021 to 2030.
Asia Pacific dominated the military aircraft communication avionics market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated…
Military Avionic Systems Market to see Huge Growth by 2029
The Military Avionic Systems Market size is expected to grow at an annual average of CAGR 3% during the forecast period (2023-2029). Military aircraft avionics systems include a number of electronic systems installed on board military aircraft to perform a variety of functions. The market is segmented into subsystems of flight control systems, communication systems, navigation systems, monitoring systems, and other subsystems. Other subsystem segments include condition monitoring/management systems, terrain…
Avionic and electronic component corrosion inhibitor
Super CORR A was originally developed for the U.S. Air Force to comply with Mil-DTL-87177B (formerly Mil-L-87177A) specifications. A water displacing lubricant and corrosion protection compound that prevents avionic as well as electrical and electronic components from systems failures caused by corrosion. It is now the industry standard for electrical corrosion protection, for in service maintenance by both military and commercial aircraft major repair and overhaul (MRO) facilities worldwide.
Super CORR…
Customized Avionic Systems Market: Opportunities and Forecast Assessment, 2017 - …
Avionic Systems, also known as aerospace electronics systems, provide detailed information on aircraft operations and help in the navigation, monitoring and communication of an aircraft. Avionic systems consist of various subsystems such as the fuel management system, the emergency system, the evacuation system and the electrical power system, among others which are integrated together to provide real-time data essential in operating an aircraft safely. The avionic system is installed in…
Releases New Report on the Customized Avionic Systems Market
Avionic Systems, also known as aerospace electronics systems, provide detailed information on aircraft operations and help in the navigation, monitoring and communication of an aircraft. Avionic systems consist of various subsystems such as the fuel management system, the emergency system, the evacuation system and the electrical power system, among others which are integrated together to provide real-time data essential in operating an aircraft safely. The avionic system is installed in…
