Aerospace Avionics Industry to Achieve $99.71 Billion Growth by 2029

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How Will the Aerospace Avionics Market Grow by 2025 in Terms of Size and Growth?
In the past few years, the aerospace avionics market value has seen consistent growth. The market, which was worth $80.71 billion in 2024, is expected to increase to $84.08 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.2%. The growth observed in the historical period can be linked to the progression in aircraft technology, rising demand in the military sector, the shift towards digital cockpits, advancements in safety, as well as surveillance and air traffic control.

What Are the Estimated Growth Rates for the Aerospace Avionics Industry Through 2029?
The market size of aerospace avionics is predicted to experience constant expansion in the upcoming years. It's projected to reach $99.71 billion in 2029 with a compound annual growth rate (CAGR) of 4.4%. The growth anticipated during this period is likely due to several factors such as the expansion of emerging markets, electrical aircraft systems, growth in the defense sector, modernizing old aircraft, and incorporation of artificial intelligence. Key trends expected in this period include enhanced flight management systems, increased demand for next-generation aircraft, autonomous systems and unmanned aerial vehicles (UAVs), advancements in digital cockpit, along with improvements in communication and connectivity.

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What Are the Strategic Drivers Boosting Aerospace Avionics Market Performance?
The growth in the aerospace avionics market is projected to be driven by the increasing need for air travel. This type of travel encompasses air vehicles such as airplanes, jets, and helicopters, and includes both domestic and international passengers travelled by carriers with national registrations. The global surge in air travel occasions the need for aerospace avionics. For example, a report from the International Air Transport Association (IATA), an organization representing the world's airlines, noted a 229.5% increase in global air traffic in 2022 compared to the previous year. Hence, the burgeoning demand for air travel is fuelling the expansion of the aerospace avionics market.

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What Are the Segments in the Aerospace Avionics Market?
The aerospace avionics market covered in this report is segmented -

1) By Systems: Flight Control System, Communication System, Navigation System, Monitoring System, Others Systems
2) By Application: Commercial Aviation, Military Aviation, Business Jets And General Aviation
3) By Distribution Channel: OEM, Aftermarket

Subsegments:
1) By Flight Control System: Autopilot Systems, Fly-By-Wire Systems, Flight Management Systems (FMS)
2) By Communication System: Radio Communication Systems, Satellite Communication Systems, Data Link Communication Systems
3) By Navigation System: Global Navigation Satellite Systems (GNSS), Inertial Navigation Systems (INS), Ground-Based Navigation Systems
4) By Monitoring System: Engine Monitoring Systems, Environmental Control Systems, Health Management Systems
5) By Other Systems: Surveillance Systems, Display Systems, Electronic Warfare Systems

What Are the Key Adoption Trends in the Aerospace Avionics Market?
Increasing advancements in product technology have emerged as a key trend in the aerospace avionics market. To gain a competitive edge, prominent companies in the market are focusing their efforts on the development of groundbreaking products. For instance, in March 2022, Flightcell International, Ltd, a New Zealand corporation leading in the field of airborne communications in the aerospace avionics industry, introduced an inventive cockpit recording solution referred to as ''SmartHUB.'' This solution boasts unique functionalities such as HD video and audio, a USB and IP device access point, and a flight data recorder. The system has been designed to track various values, including GPS location data, pressure, altitude, speed, turn rate, g-force, and roll.

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Which Companies Lead the Competitive Landscape of the Aerospace Avionics Industry?
Major companies operating in the aerospace avionics market are Thales Group, L3Harris Technologies Inc., Airbus SAS, Boeing Co., BAE Systems Inc., Northrop Grumman Corporation, Saab AB, Leonardo S.p.A., Elbit Systems Ltd., General Dynamics Corporation, General Electric Company, Cobham PLC, Honeywell International Inc., Raytheon Technologies, Safran S.A., Lockheed Martin Corporation, Garmin Ltd., Meggitt PLC, Curtiss-Wright Corporation, Teledyne Technologies Incorporated, Moog Inc., Astronics Corporation, TransDigm Group Incorporated, Kratos Defense & Security Solutions Inc., Universal Weather and Aviation Inc., Avidyne Corporation, FreeFlight Systems, Becker Avionics International Group, Flight Data Systems Pty. Ltd., Innovative Solutions & Support Inc.

Where Are the Key Aerospace Avionics Market Opportunities by Region?
North America was the largest region in the aerospace avionics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace avionics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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