Future of the Commercial Aircraft Nextgen Avionics Market: Strategic Analysis and Forecast to 2034

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Commercial Aircraft Nextgen Avionics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for nextgen avionics in commercial aircraft has witnessed quick expansion in the past few years. The growth trajectory predicts a rise from $3.39 billion in 2024 to $3.79 billion in 2025, showing a compound annual growth rate (CAGR) of 11.8%. Factors contributing to this growth throughout the historical period includes a surge in air traffic, growing travel and tourism industry, population increase, escalation in disposable income, and expansion of the aviation sector.

Commercial Aircraft Nextgen Avionics Market Size Forecast: What's the Projected Valuation by 2029?
The market size of nextgen avionics in commercial aircraft is predicted to experience a speedy expansion in the coming years. By 2029, it's projected to reach a value of $5.81 billion, growing at a Compound Annual Growth Rate (CAGR) of 11.3%. The anticipated surge in the forecast period can be linked to factors such as growing demand in emerging markets, more fuel-economic airframe designs, the use of sustainable materials in aviation, the introduction of new players in the market, and an escalating requirement for commercial aircraft. Key trends to watch for during the forecast period are the modernization of digital cockpits, developments in connectivity and communication, the growth of independent flight technologies, the introduction of artificial intelligence and machine learning, and progress in the human-machine interface.

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What Are the Drivers Transforming the Commercial Aircraft Nextgen Avionics Market?
The commercial aircraft NextGen avionics market is expected to experience growth driven by the expected surge in air passenger traffic. This traffic refers to national and international passengers who use airlines with national registration. A global increase in air passenger traffic necessitates effective air traffic management, made possible through NextGen avionics in commercial aircrafts, which proactively address and mitigate weather and other flight hazards. In May 2022, the International Civil Aviation Organization (ICAO), a UN agency responsible for creating and enforcing international civil aviation regulations and observing their implementation, reported that there was a 65% increase in air travel between January and April 2022 compared to the same period in 2021, and a 30% increase in aircraft departures. Hence, the rise in global air passenger traffic is fueling the expansion of the commercial aircraft NextGen avionics market.

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What Long-Term Trends Will Define the Future of the Commercial Aircraft Nextgen Avionics Market?
The commercial aircraft next-gen avionics market is witnessing a rising trend of technological advancements. To strengthen their footing in the market, top players are tapping into modern technology in their operations. The electric CityAirbus NextGen, designed for emission-free, low-noise, and efficient city flights, employs cutting-edge electric propulsion technology for eco-friendly urban transport. For example, Airbus SE, a Dutch commercial aircraft manufacturer, unveiled its completely electric CityAirbus NextGen prototype to the public in March 2024. The two-ton CityAirbus, featuring a 12-meter wingspan, is engineered for an 80 km range and a cruising speed of 120 km/h, making it suitable for a wide range of urban tasks. This launch signifies a crucial stride in Airbus SE's initiative to transform urban air mobility using sustainable, emission-free transport solutions.

Which Segments in the Commercial Aircraft Nextgen Avionics Market Offer the Most Profit Potential?
The commercial aircraft nextgen avionics market covered in this report is segmented -

1) By Systems: Flight Management System, Communication System, Electric and Navigation System, Surveillance and Emergency System, Collision Avoidance System, Weather System, Others Systems
2) By Installation Stage: Forward Fit, Retrofit
3) By End User: Regional, Narrow Body, Wide Body

Subsegments:
1) By Flight Management System: Flight Planning and Optimization, Performance Management, Automatic Flight Control
2) By Communication System: Cockpit Voice Recorder (CVR), Data Link Communication, Satellite Communication Systems
3) By Electric and Navigation System: Inertial Navigation Systems (INS), Global Positioning System (GPS), Attitude and Heading Reference Systems (AHRS)
4) By Surveillance and Emergency System: Traffic Collision Avoidance System (TCAS), Emergency Locator Transmitter (ELT), Terrain Awareness and Warning System (TAWS)
5) By Collision Avoidance System: Ground Proximity Warning System (GPWS), Airborne Collision Avoidance System (ACAS)
6) By Weather System: Weather Radar Systems, Lightning Detection Systems, Turbulence Detection Systems
7) By Other Systems: Engine Indication and Crew Alerting System (EICAS), Aircraft Condition Monitoring System (ACMS), Integrated Modular Avionics (IMA) Systems

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Which Firms Dominate the Commercial Aircraft Nextgen Avionics Market by Market Share and Revenue in 2025?
Major companies operating in the commercial aircraft nextgen avionics market include Cobham Limited, Curtiss-Wright Corp., General Electric Company, Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corporation, Safran S.A, Teledyne Technologies Incorporated, Thales Group, Elbit Systems of America LLC, Esterline Technologies Corporation, Garmin International Inc., Panasonic Avionics Corporation, Universal Avionics Systems., BAE Systems plc, Garmin Ltd., Meggitt plc, UAVIONIX Corporation, CMC Electronics Inc., Astronics Corporation, GE Aviation LLC, Avidyne Corporation, Becker Avionics GmbH, Cobham Aerospace Communications, Comant Industries Inc., DAC International, FreeFlight Systems, Genesys Aerosystems, Honeywell Aerospace Ltd., Innovative Solutions & Support Inc., Mid-Continent Instruments and Avionics, NavWorx Inc., Sandel Avionics Inc.

Which Regions Offer the Highest Growth Potential in the Commercial Aircraft Nextgen Avionics Market?
Asia-Pacific was the largest region in the commercial aircraft nextgen avionics market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft nextgen avionics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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