Global Avionics Market Poised for Strong Growth Driven by Rising Aircraft Demand and Technological Advancements

The global avionics market size reached USD 44.50 Billion in 2021 and is expected to register a revenue CAGR of 8.2% during the forecast period. The global avionics market is witnessing significant growth, fueled by increasing demand for military aircraft from emerging economies, growing aircraft deliveries, and the rising need for advanced flight systems. Emerging nations are expanding their defense capabilities, which has led to a surge in military aircraft procurement-one of the key drivers boosting revenue in the avionics sector.

Avionics, or aviation electronics, are essential systems used in modern aircraft to manage communications, navigation, flight control, weather detection, and power management. These systems are critical to both military and commercial aircraft, helicopters, business jets, drones, and spacecraft. As aircraft become more advanced, the need for sophisticated avionics systems to ensure safety, efficiency, and performance continues to grow.

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One of the major growth factors in the market is the increasing adoption of flight management systems, which help streamline operations and enhance fuel efficiency. These systems allow aircraft to maintain accurate and timely flight paths, reducing overall operational costs. The global push to modernize aircraft hardware such as communication and navigation tools is also helping to drive demand in the market.

The International Civil Aviation Organization (ICAO) estimates that by 2035, both passenger and cargo air traffic will double. This forecast, along with rising disposable income and expanding population density, is contributing to a surge in global air travel. As a result, commercial aircraft deliveries are on the rise, further supporting avionics market expansion.

However, certain regulatory and technical challenges are expected to slow growth. Avionics systems must comply with strict government regulations to ensure flight safety. For example, the U.S. Federal Aviation Administration (FAA) requires aircraft to be equipped with certified display systems that meet detailed specifications. The process of obtaining certification is both time-consuming and costly, often involving extensive testing and research.

In terms of market segmentation, the navigation systems category generated the highest revenue in 2021. These systems, which include GPS, inertial navigation tools, and radio-based systems, are crucial for both air and ground navigation. They help pilots stay on course and ensure safe travel even under challenging conditions.

From a platform perspective, the military aviation segment held the largest share of the market. This is largely due to growing defense budgets in countries like the United States, China, and Russia, as well as advancements in military aircraft technology. Modern fighter jets now rely heavily on avionics to manage tasks that once required additional crew members, cutting down on training and operational costs while improving performance and safety.

When analyzing market end-users, original equipment manufacturers (OEMs) accounted for the largest revenue share in 2021. OEMs play a central role in aircraft design, production, and data monitoring, enabling them to enhance maintenance planning and system reliability. Their ability to implement performance improvements across the aircraft lifecycle makes them a key contributor to market growth.

With over eight years of expertise in aviation market research, Emergen Research highlights that the global avionics market is on a strong growth trajectory. Backed by innovation, increased aircraft demand, and rising investments in aviation infrastructure, the sector is set to play a pivotal role in shaping the future of air travel and defense operations.

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Avionics Market Top Companies and Competitive Landscape

The avionics is fairly consolidated with few small and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market.

Some major players included in the global Avionics market report are:

BAE Systems

Cobham

Garmin Ltd.

Collins Aerospace

Meggitt PLC

Curtiss-Wright Corporation

General Electronic

UAVIONIX Corporation

CMC Electronics Inc.

Dynon Avionics Inc.

Avionics Market Latest Industry Updates

On June 01, 2022, The FlightHub Electronic Flight Folder offers access to a fresh fuel-savings program that was launched by Collins Aerospace. For pilots and airlines, FlightHub centralizes data sources and workflows, coordinating the full flight lifecycle from beginning to end.

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Avionics Market Segmentation Analysis

For the purpose of this report, Emergen Research has segmented the global avionics market on the basis of system, platform, end-use, and region:

System Outlook (Revenue, USD Billion; 2019-2030)

Power & Data Management

Communication

Navigation

Flight Management

Weather Detection

Electronic Flight Display

Platform Outlook (Revenue, USD Billion; 2019-2030)

Business Jets

Commercial

General Aviation

Military

End-Use Outlook (Revenue, USD Billion; 2019-2030)

OEM

Aftermarket

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2024-2033. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Benefits of Buying the Global Avionics Report:

Comprehensive analysis of the changing competitive landscape

Assists in decision making processes for the businesses along with detailed strategic planning methodologies

The report offers an 8-year forecast and assessment of the Global Avionics Market

Helps in understanding the key product segments and their estimated growth rate

In-depth analysis of market drivers, restraints, trends, and opportunities

Comprehensive regional analysis of the Global Avionics Market

Extensive profiling of the key stakeholders of the business sphere

Detailed analysis of the factors influencing the growth of the Global Avionics Market

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