Press release
Astronautics Corporation Unveils Aerosync Mission (AEC115) As A Pioneering Line-Fit Solution For Enhanced In-Flight Connectivity Industry Trends Gaining Momentum in the Global Commercial Avionics Systems Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Commercial Avionics Systems Market Through 2025?
In the recent past, the commercial avionics systems market has seen robust growth. It is set to increase from $31.62 billion in 2024 to $33.7 billion in 2025, marking a compound annual growth rate (CAGR) of 6.6%. The expansion during the historical period can be linked to factors such as aircraft upgrades, regulatory adherence, improved communication systems, calls for fuel efficiency, automation, independence, and a rise in passenger expectations.
What's the Projected Size of the Global Commercial Avionics Systems Market by 2029?
The market size of commercial avionics systems is predicted to witness significant expansion in the upcoming years. It is expected to reach $43.62 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. Factors such as cybersecurity issues, environmental rules, remote and condition-based upkeep, urban aerial transportation, and the recovery of international air travel are responsible for this predicted growth during the forecast period. Key tendencies during this period incorporate next-generation avionics platforms, self-governing flight technologies, electric and hybrid aircraft, in-flight amusement systems, satellite navigation systems, plus health monitoring and predictive maintenance.
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Top Growth Drivers in the Commercial Avionics Systems Industry: What's Accelerating the Market?
The commercial avionics systems market is anticipated to expand, spurred by an expected rise in airline passengers. Avionic systems refer to the electronic components employed in aircraft for navigation, communication, and the administration and display of various systems, among other functions. They enhance aircraft operations, leading to a growth in passenger volume. For example, data from the Bureau of Transportation Statistics, a US government agency, indicates that US airlines transported 853 million passengers in 2022, an upshot from 658 million passengers in 2021. Hence, the swell in airline passengers underpins the progression of the commercial avionics systems market.
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What Trends Will Shape the Commercial Avionics Systems Market Through 2029 and Beyond?
Dominant corporations in the commercial avionics systems market are striving to introduce innovative solutions like the line-fit connectivity solution, in a bid to gain a competitive advantage in the market. These line-fit connectivity solutions, which are integrated and come factory-installed, are tailored for use in both commercial and military aircraft, offering the necessary setup and technology for in-flight connectivity services for passengers. For example, Astronautics Corporation of America, a manufacturer of avionics equipment based in the US, unveiled AeroSync Mission (AEC115) in March 2022. This connectivity solution offers secure and unified wireless data transmission for aircraft. AeroSync Mission (AEC115) functions as an all-in-one air-ground data management platform, securely and simply transferring information to and from the aircraft. Besides providing high-speed flight data, it also handles mission and maintenance data. AeroSync Mission (AEC115) is deployed as an avionics system in aircraft for both commercial and military aerospace realms.
What Are the Main Segments in the Commercial Avionics Systems Market?
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 Top Companies are Driving Growth in the Commercial Avionics Systems Market?
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.
Which Regions Will Dominate the Commercial Avionics Systems Market Through 2029?
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.
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