Future of Commercial Aircraft Nextgen Avionics Market: Size, Share & Forecasts to 2029

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What Is the Projected Market Size Valuation of the Commercial Aircraft Nextgen Avionics Market by 2025?
In recent years, the market for nextgen avionics in commercial aircraft has experienced rapid expansion. Its growth is forecasted to continue, rising from a market value of $3.39 billion in 2024 to $3.76 billion in 2025. This indicates a compound annual growth rate (CAGR) of 11.0%. Factors contributing to this consistent growth during the historic period include a surge in air traffic, a boom in travel and tourism, population expansion, increase in disposable income, and growth within the aviation sector.

What Is the Estimated Market Growth Value for the Commercial Aircraft Nextgen Avionics Industry in 2029?
The size of the commercial aircraft nextgen avionics market is projected to experience a swift expansion in the upcoming years, rising to $5.66 billion by 2029 with a compound annual growth rate (CAGR) of 10.7%. Factors contributing to this growth in the projected period include growing market needs, fuel efficiency innovations in airframe designs, the use of sustainable materials in aviation, the emergence of new market entrants, and the increased demands for commercial aircraft. Noteworthy trends of the forecast period consist of modernizing digital cockpits, progress in connectivity and communications, autonomous flight technologies, the implementation of artificial intelligence and machine learning, and developments in human-machine interfaces (hmi).

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What Are the Growth Drivers and Opportunities in the Commercial Aircraft Nextgen Avionics Market?
The commercial aircraft NextGen avionics market's growth is projected to be fueled by an increase in global air passenger traffic. This includes both domestic and international passengers transported by nationally registered airlines. The rising volume of air passengers globally necessitates efficient air traffic management, which is facilitated by commercial aircraft NextGen avionics. These systems assist air traffic controllers and pilots in proactively identifying and addressing weather and other hazards. As an example, a May 2022 report from the International Civil Aviation Organization (ICAO), a United Nations agency responsible for developing international civil aviation regulations and supervising their application, revealed that from January to April 2022, the number of air passengers increased by 65% compared to the same period in 2021. Furthermore, aircraft departures increased by 30%. Hence, the global rise in air passenger traffic is contributing to the expansion of the commercial aircraft NextGen avionics market.

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What Are the Primary Segments Covered in the Global Commercial Aircraft Nextgen Avionics Market Report?
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

What Are the Top Growth Trends in the Commercial Aircraft Nextgen Avionics Market?
The rise in technological innovations is a notable trend in the commercial aircraft next-gen avionics industry. To maintain their standing in the market, key players are taking advantage of these cutting-edge technologies. One example is the emission-free, silent, and efficient urban air traveling solution, the electric CityAirbus NextGen. This ground-breaking vehicle, equipped with superior electric propulsion technology, promises environmentally-friendly urban transportation. For instance, in March 2024, Airbus SE, a Dutch aircraft manufacturing firm, unveiled its fully electric CityAirbus NextGen prototype to the public. The CityAirbus weighs two tonnes and has a 12-meter wingspan, capable of covering a distance of 80 km and cruising at a speed of 120 km/h, making it a versatile asset for various urban tasks. This groundbreaking development underscores Airbus SE's commitment to reimagine urban air travel through sustainable, emission-free transit solutions.

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Which Companies Are Shaping the Future of the Commercial Aircraft Nextgen Avionics Market?
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 Region Holds the Largest Market Share in the Commercial Aircraft Nextgen Avionics Industry?
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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