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.
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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.
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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
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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.
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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.
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