Avionics Market

Avionics Market by Systems (Navigation, Payload & Mission Management, Traffic and Collison Management, Communication, Weather Detection, Flight Management, Electronic Flight Display), Platform, Fit, and Region - Global Forecast to 2030

Report Code: AS 3373 Feb, 2024, by marketsandmarkets.com

[284 Pages Report] The Avionics market is estimated to be USD 43.4 billion in 2023 and is projected to reach USD 81.8 billion by 2030, at a CAGR of 9.5 % from 2023 to 2030. The market is driven by factors such as demand for modern connected aircraft and need of more fuel-efficient solutions. Technological advancements, the growing trend towards autonomous and electric aircraft contributes to innovation in avionics, fostering a dynamic industry landscape. Overall, the demand for sophisticated avionic systems to improve aircraft performance and meet evolving industry standards fuels the market's growth.

Avionics Market

Avionics Market

Avionics Market Forecast to 2029

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Avionics Market Dynamics

Driver: Escalating Aircraft Production Driving Avionics Market

The rise in aircraft manufacturing significantly impacts advancements in avionics systems. Growing aircraft production drives demand for advanced avionics technologies, including precise navigation systems, improved communication systems, and overall performance upgrades. This synergy between increased aircraft production and avionics development shapes a dynamic business landscape. Avionics innovators consistently work to introduce cutting-edge solutions that meet the evolving needs of the modern aviation industry. This collaborative effort not only addresses current requirements but also fosters continuous improvement and adaptation to emerging trends in the aerospace sector. Anticipated increases in aircraft deliveries in the coming years, as manufacturers ramp up production rates and the international aviation sector continues its post-pandemic recovery, underscore the significance of this market. In 2023, Boeing and Airbus collectively delivered 528 and 735 aircraft, surpassing their respective 2022 figures of 480 and 661 deliveries. Airbus reported record annual jet orders and confirmed an 11% rise in 2023 deliveries. The International Air Transport Association (IATA) predicts that the number of air passengers will reach 4.7 billion in 2024, surpassing the 4.5 billion passengers who traveled in 2019, indicating a demand for new aircraft in the upcoming years.

Restraints: Stringent Regulatory Compliance

Stringent regulatory compliance poses a notable impediment to avionics systems within the business landscape of the aviation industry. This constraint is intricately woven into the operational fabric of companies navigating the complex regulatory framework set forth by entities like the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA).

While these regulations are crucial for upholding safety and reliability standards in aviation, they introduce formidable challenges from a business perspective. The approval processes for avionics technologies involve meticulous scrutiny of design, performance, and safety aspects. This scrutiny, though essential, contributes to prolonged development timelines, impacting a company's agility in responding to market demands and gaining a competitive edge.

The extensive documentation and testing required for compliance lead to increased development costs. Companies must allocate substantial resources to ensure avionics systems meet the exact standards set by regulatory bodies. This financial strain can be particularly challenging for smaller players or startups in the avionics sector, acting as a barrier to entry and limiting their ability to compete effectively.

Moreover, the dynamic nature of regulatory standards necessitates frequent updates or modifications to existing avionics systems, adding to the strain on a company's resources. Successfully navigating this delicate balance requires strategic planning, streamlined processes, and collaborative engagement with regulatory bodies to ensure the seamless integration of avionics systems into the market. In essence, the regulatory landscape, while imperative for safety, demands a strategic business approach to navigate complexities and sustain competitiveness within the avionics industry.

Opportunity: Advanced Connectivity Solutions

The pursuit of Advanced Connectivity Solutions in avionics systems offers a strategic opportunity in response to the surging demand for enhanced connectivity options in the aviation industry. This opportunity revolves around implementing state-of-the-art communication technologies, notably high-speed satellite connectivity and the integration of 5G networks into avionics infrastructure.

Embracing these advanced connectivity solutions enables avionics systems to facilitate seamless data exchange between aircraft, ground systems, and other airborne platforms. This not only amplifies real-time monitoring capabilities but also contributes to refined air traffic management, bolstering operational efficiency and safety. The integration of high-speed satellite connectivity ensures uninterrupted and reliable communication, even in remote or challenging airspace, promoting effective coordination and data sharing.

Furthermore, this opportunity extends to elevating passenger experiences through connected air travel. The incorporation of advanced connectivity technologies enables in-flight internet access, entertainment, and real-time communication, aligning with the evolving expectations of modern travelers for a connected and digitally immersive air travel experience. As aviation undergoes digital transformation, avionics systems capitalizing on advanced connectivity solutions position themselves at the forefront of meeting industry demands for heightened operational efficiency, safety, and passenger satisfaction.

Challenges: Cybersecurity Vulnerabilities

In the dynamic landscape of aviation, the escalating connectivity and digitalization of avionics systems give rise to a critical challenge-Cybersecurity Vulnerabilities. As aircraft systems become more intricately interconnected, the industry faces an intensified risk of cyber threats targeting essential flight systems and sensitive data. This vulnerability is exacerbated by the expanding attack surface presented by digital interfaces and the growing reliance on communication networks. Safeguarding avionics systems against potential breaches is imperative for preserving the integrity and safety of flight operations. This challenge demands a proactive strategy, encompassing continuous monitoring, integration of threat intelligence, and the implementation of cutting-edge encryption protocols. Collaboration among aviation stakeholders, regulatory bodies, and cybersecurity experts is essential to establish and enforce industry-wide cybersecurity standards. In navigating the evolution of avionics systems, staying ahead of cyber threats is paramount. Innovative strategies are required to fortify the resilience of aviation infrastructure and uphold the ongoing safety and security of air travel in an era marked by rapid technological advancement.

Avionics Market Ecosystem

In the avionics market ecosystem, key stakeholders range from major avionics providers to private enterprises, distributors, suppliers, retailers, and end customers like airlines and air forces. Influential forces shaping the industry include investors, funders, academic researchers, distributors, service providers, and defense procurement authorities. This intricate network of participants collaboratively drives Market Dynamics

, innovation, and strategic decisions, highlighting the complexity and vitality of the avionics sector.

Avionics Market by Ecosystem

Based on the platform, the commercial aviation segment is estimated to lead the avionics market in 2023

Based on the platform, the avionics market has been segmented broadly into commercial aviation, military aviation, special mission aircraft, and general aviation. Here commercial aviation is leading this segment in 2023. The commercial aviation segment in avionics is experiencing robust growth driven by technological innovations, heightened safety standards, and a surge in air travel demand. Modern avionic systems, incorporating state-of-the-art communication, navigation, and surveillance technologies, are pivotal in enhancing operational efficiency and passenger safety.

Based on the fit, the line fit segment is estimated to lead the avionics market in 2023

Based on the fit, the avionics market has been segmented broadly into line fit, and retro fit. Here line fit is leading this segment in 2023. The line fit segment in avionics is thriving due to a growing demand for aircraft equipped with integrated and advanced avionic systems straight from the manufacturing line. Airlines are increasingly prioritizing efficiency, safety, and compliance with evolving industry standards. Manufacturers are responding by offering cutting-edge avionics solutions during the initial assembly process, streamlining operations and reducing retrofitting costs.

Based on the systems, the navigation segment is estimated to lead the avionics market in 2023

Based on the systems, the avionics market has been segmented broadly into navigation, communication, flight management, power & data management, payload & mission management, traffic & collision management, weather detection, and electronic flight display. Here navigation is leading this segment in 2023. The navigation systems segment in avionics is flourishing as air travel demands precision, efficiency, and safety. Advanced navigation technologies, including GPS, inertial navigation, and synthetic vision systems, are crucial for optimizing routes, reducing fuel consumption, and enhancing overall flight operations. As the aviation industry continues to evolve, the navigation systems segment stands out as a pivotal driver in elevating navigation accuracy and operational effectiveness.

Avionics Market
 by Region

Avionics Market by Region

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The North America market is projected to have the largest share in 2023 in the avionics market

Based on region, the avionics market has been segmented into North America, Europe, Asia Pacific the Middle East and Rest of the World (RoW). North America's avionics sector is thriving due to a combination of factors. The region's robust aviation industry, marked by major players and a high concentration of airlines, drives consistent demand for advanced avionic technologies. The region's emphasis on modernizing aging fleets, coupled with a growing trend toward automation and connectivity, further propels the avionics market. The market is characterized by a surge in investments in research and development, fostering the evolution of state-of-the-art avionics tailored to meet the specific technical requirements of diverse platforms.

Key Market Players

Major players in the avionics companies include Honeywell International, Inc. (US), L3harris Technologies, Inc. (US), Raytheon Technologies Corporation (US), General Electric (US), and Thales (France) to enhance their presence in the market. The report covers various industry trends and new technological innovations in the avionics market.

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Scope of the Report

Report Metric

Details

Market size available for years

2019-2030

Base year considered

2022

Forecast period

2023-2030

Forecast units

Value (USD)

Segments Covered

By Fit, Platform, and Systems

 

Geographies covered

North America, Europe, Asia Pacific, the Middle East & ROW (Africa, and Latin America)

Companies covered

Raytheon technologies Corporation (US), Honeywell International, Inc. (US), L3Harris Technologies, Inc. (US), General Electric (US), BAE systems (UK), Meggitt PLC.(UK), Thales Group (France), Curtiss-Wright Corporation (US), Northrop Grumman (US), Garmin International (US), TransDigm Group, Inc.(US), Leonardo S.p.A. (Italy), Astronautics Corporation of America (US), Safran SA (France), Elbit Systems Ltd. (Israel).

Avionics Market Highlights

Segment

Subsegment

By Fit

  • Line Fit
  • Retrofit

By Platform

  • Commercial Aviation
  • Military Aviation
  • General Aviation
  • Special Mission Aviation

By Systems

  • Communication
  • Navigation
  • Electronic Flight Displays
  • Flight Management
  • Power & Data Management
  • Payload & Mission Management
  • Traffic & Collision Management
  • Weather Detection

By Region

  • North America
  • Europe
  • Asia Pacific
  • The Middle East
  • ROW 

Recent Developments

  • In October 2023, Garmin entered into a lasting agreement to supply BETA Technologies with its cutting-edge Garmin G3000® integrated flight deck for the CX300 electric fixed-wing and A250 electric vertical takeoff and landing (eVTOL) aircraft. The G3000® offers high-resolution displays and advanced communication, navigation, and surveillance air traffic management capabilities. Its lightweight, flexible open system architecture seamlessly integrates with BETA's flight control, propulsion, and battery management systems.
  • In May 2023, Honeywell International, Inc. has been selected by AIBOT to provide its Compact Fly-By-Wire (cFBW) system to support AIBOT's fully electric vertical takeoff and landing (eVTOL) aircraft. This Honeywell technology will empower the next generation of aircraft avionics and create a sustainable transportation ecosystem for the future.

Frequently Asked Questions (FAQs) Addressed by the Report:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 36)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 AVIONICS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY CONSIDERED 
           TABLE 2 USD EXCHANGE RATES
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Key data from primary sources
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
           2.2.4 RECESSION IMPACT ANALYSIS
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to arrive at market size using bottom-up analysis
                               FIGURE 5 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    FIGURE 8 NAVIGATION TO BE LARGEST SEGMENT DURING FORECAST PERIOD
    FIGURE 9 COMMERCIAL AVIATION TO ACCOUNT FOR MAXIMUM MARKET SHARE IN 2030
    FIGURE 10 LINE FIT TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    FIGURE 11 NORTH AMERICA TO BE LARGEST MARKET FOR AVIONICS DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AVIONICS MARKET 
           FIGURE 12 INCREASE IN DEMAND FOR INTEGRATED AVIONICS TO DRIVE GROWTH
    4.2 AVIONICS MARKET, BY SYSTEM 
           FIGURE 13 NAVIGATION SURPASSED OTHER SYSTEMS IN 2023
    4.3 AVIONICS MARKET, BY FIT 
           FIGURE 14 LINE FIT TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD
    4.4 AVIONICS MARKET, BY COUNTRY 
           FIGURE 15 SOUTH KOREA TO BE FASTEST-GROWING COUNTRY DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 AVIONICS MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising aircraft production
                               FIGURE 17 AIRCRAFT DELIVERIES BY BOEING AND AIRBUS, 2019–2023
                    5.2.1.2 Growing fleet of commercial and military aircraft
                               TABLE 3 GROWTH OF AIR TRAFFIC, AIRCRAFT FLEET, AND AIRCRAFT DELIVERIES, BY REGION
                               FIGURE 18 AIRCRAFT FLEET SIZES, BY REGION, 2022
                               FIGURE 19 AIRCRAFT ACTIVE FLEET, BY AIRCRAFT TYPE, 2022
                    5.2.1.3 Increasing adoption of flight management and advanced aircraft computing systems
                    5.2.1.4 Need for enhanced safety and situational awareness in aircraft
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulatory compliance
                    5.2.2.2 High development costs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of artificial intelligence in avionics systems
                    5.2.3.2 Advent of advanced connectivity solutions
                    5.2.3.3 Incorporation of airborne collision avoidance systems in general aviation aircraft
           5.2.4 CHALLENGES
                    5.2.4.1 Complexity of modern avionics systems
                    5.2.4.2 Risk of technological obsolescence
                    5.2.4.3 Vulnerability to cyber threats
    5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 TRADE ANALYSIS 
           FIGURE 21 IMPORT DATA, BY COUNTRY, 2019–2022 (USD THOUSAND)
           FIGURE 22 EXPORT DATA, BY COUNTRY, 2019–2022 (USD THOUSAND)
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE TREND, BY REGION
                    FIGURE 23 AVERAGE SELLING PRICE TREND, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 4 AVERAGE SELLING PRICE TREND, BY REGION (USD MILLION)
           5.5.2 INDICATIVE PRICING ANALYSIS
    5.6 ECOSYSTEM MAPPING 
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 END USERS
                    FIGURE 24 ECOSYSTEM MAPPING
                    TABLE 5 ROLE OF COMPANIES IN ECOSYSTEM
    5.7 VALUE CHAIN ANALYSIS 
           FIGURE 25 VALUE CHAIN ANALYSIS
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 DATA ANALYTICS
           5.8.2 NEXT-GEN DATA LINK COMMUNICATIONS SYSTEMS
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 27 BUYING CRITERIA, BY PLATFORM
                    TABLE 7 BUYING CRITERIA, BY PLATFORM
    5.10 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 8 KEY CONFERENCES AND EVENTS, 2024–2025
    5.11 REGULATORY LANDSCAPE 
           TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 12 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.12 USE CASE ANALYSIS 
           5.12.1 INTEGRATION OF MISSION COMPUTERS IN MARITIME PATROL AND SURVEILLANCE AIRCRAFT
           5.12.2 INTEGRATION OF AIR DATA SOLUTIONS IN ROTORCRAFT
    5.13 OPERATIONAL DATA 
           TABLE 13 OPERATIONAL DATA, BY AIRCRAFT TYPE, 2019–2022
 
6 INDUSTRY TRENDS (Page No. - 80)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           6.2.1 3D PRINTING AND ADVANCED MATERIALS
           6.2.2 ARTIFICIAL INTELLIGENCE
           6.2.3 INTERNET OF THINGS
           6.2.4 ENHANCED VISION SYSTEMS
           6.2.5 ADVANCED FLIGHT CONTROL SYSTEMS
    6.3 IMPACT OF MEGATRENDS 
           6.3.1 AUTONOMOUS AIRCRAFT
           6.3.2 QUANTUM COMPUTING
    6.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 28 SUPPLY CHAIN ANALYSIS
    6.5 PATENT ANALYSIS 
           FIGURE 29 PATENT ANALYSIS
           TABLE 14 PATENTS ANALYSIS
    6.6 TECHNOLOGICAL ROADMAP OF AVIONICS MARKET 
           FIGURE 30 INTRODUCTION TO TECHNOLOGICAL ROADMAP
           FIGURE 31 EVOLUTION OF KEY TECHNOLOGIES
           FIGURE 32 EMERGING TRENDS RELATED TO AVIONICS
 
7 AVIONICS MARKET, BY SYSTEM (Page No. - 91)
    7.1 INTRODUCTION 
           FIGURE 33 AVIONICS MARKET, BY SYSTEM, 2023–2030
           TABLE 15 VOLUME DATA: AVIONICS MARKET, BY SYSTEM, 2024 (UNITS)
           TABLE 16 AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
           TABLE 17 AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
    7.2 NAVIGATION 
           7.2.1 NEED FOR PRECISE NAVIGATION SYSTEMS TO DRIVE MARKET
                    TABLE 18 NAVIGATION SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 19 NAVIGATION SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.2.1.1 Altimeters
                    7.2.1.2 Analog turn indicators
                    7.2.1.3 Analog heading indicators
                    7.2.1.4 Inertial reference units
                    7.2.1.5 Air data computers
                    7.2.1.6 Others
    7.3 PAYLOAD & MISSION MANAGEMENT 
           7.3.1 MODERNIZATION INITIATIVES FOR AVIATION INDUSTRY TO DRIVE MARKET
                    TABLE 20 PAYLOAD & MISSION MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 21 PAYLOAD & MISSION MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.3.1.1 Payload management computers
                    7.3.1.2 Mission computers
                    7.3.1.3 Electro-optics
                    7.3.1.4 SONAR
                    7.3.1.5 Radar
    7.4 TRAFFIC & COLLISION MANAGEMENT 
           7.4.1 NEED FOR ENHANCED SAFETY PROTOCOLS AND STREAMLINED AIRSPACE MANAGEMENT TO DRIVE MARKET
                    TABLE 22 TRAFFIC & COLLISION MANAGEMENT SYSTEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 23 TRAFFIC & COLLISION MANAGEMENT SYSTEM MARKET, BY TYPE, 2023–2030 (USD MILLION)
                    7.4.1.1 Aircraft communications addressing & reporting systems
                    7.4.1.2 Collision avoidance systems
    7.5 COMMUNICATIONS 
           7.5.1 NEW AGE TECHNOLOGIES TO DRIVE MARKETE
                    TABLE 24 COMMUNICATIONS SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 25 COMMUNICATIONS SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.5.1.1 Transponders
                    7.5.1.2 Transceivers
                    7.5.1.3 Antennas
                    7.5.1.4 Transmitters
                    7.5.1.5 Receivers
                    7.5.1.6 Datalink & frequency selectors
    7.6 POWER & DATA MANAGEMENT 
           7.6.1 EMPHASIS ON ENHANCED AIRCRAFT PERFORMANCE AND SAFETY TO DRIVE MARKET
                    TABLE 26 POWER & DATA MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 27 POWER & DATA MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.6.1.1 Power conversion devices
                    7.6.1.2 Cockpit voice recorders
                    7.6.1.3 Flight data recorders
                    7.6.1.4 Data transfer systems
    7.7 WEATHER DETECTION 
           7.7.1 NEED FOR ADVANCED WEATHER RADAR SYSTEMS TO DRIVE MARKET
                    TABLE 28 WEATHER DETECTION SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 29 WEATHER DETECTION SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.7.1.1 Weather radar
                    7.7.1.2 Lighting detection sensors
    7.8 FLIGHT MANAGEMENT 
           7.8.1 NEED FOR OPERATIONAL EFFICIENCY TO DRIVE MARKET
                    TABLE 30 FLIGHT MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 31 FLIGHT MANAGEMENT SYSTEM MARKET, BY COMPONENT, 2023–2030 (USD MILLION)
                    7.8.1.1 Flight management computers
                    7.8.1.2 Autopilot computers
                    7.8.1.3 I/o and interface controllers
                    7.8.1.4 Analog attitude indicators
                    7.8.1.5 Analog vertical speed indicators
    7.9 ELECTRONIC FLIGHT DISPLAY 
           7.9.1 NEED FOR ENHANCED SITUATIONAL AWARENESS TO DRIVE MARKET
                    TABLE 32 ELECTRONIC FLIGHT DISPLAY SYSTEM MARKET, BY TYPE 2019–2022 (USD MILLION)
                    TABLE 33 ELECTRONIC FLIGHT DISPLAY SYSTEM MARKET, BY TYPE, 2023–2030 (USD MILLION)
                    7.9.1.1 Primary Flight Display
                    7.9.1.2 Multi-Function Flight Display
                    7.9.1.3 Navigation Display
                    7.9.1.4 Others
 
8 AVIONICS MARKET, BY PLATFORM (Page No. - 108)
    8.1 INTRODUCTION 
           FIGURE 34 AVIONICS MARKET, BY PLATFORM, 2023–2030
           TABLE 34 AIRCRAFT DELIVERIES, BY PLATFORM
           TABLE 35 AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
           TABLE 36 AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
    8.2 MILITARY AVIATION 
           8.2.1 INVESTMENT IN INNOVATIONS TO DRIVE MARKET
                    TABLE 37 MILITARY AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION)
                    TABLE 38 MILITARY AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2023–2030 (USD MILLION)
                    8.2.1.1 Combat aircraft
                    8.2.1.2 Military drones
                    8.2.1.3 Training aircraft
                    8.2.1.4 Transport aircraft
                    8.2.1.5 Military helicopters
    8.3 COMMERCIAL AVIATION 
           8.3.1 INCREASING DEMAND FOR FUEL OPTIMIZATION TO DRIVE MARKET
                    TABLE 39 COMMERCIAL AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION)
                    TABLE 40 COMMERCIAL AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2023–2030 (USD MILLION)
                    8.3.1.1 Narrow-body aircraft
                    8.3.1.2 Wide-body aircraft
                    8.3.1.3 Regional jets
    8.4 GENERAL AVIATION 
           8.4.1 INCREASE IN DEMAND FOR BUSINESS JETS TO DRIVE MARKET
                    TABLE 41 GENERAL AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2019–2022 (USD MILLION)
                    TABLE 42 GENERAL AVIATION: AVIONICS MARKET, BY AIRCRAFT TYPE, 2023–2030 (USD MILLION)
                    8.4.1.1 Business jets
                    8.4.1.2 Light aircraft
                    8.4.1.3 Unmanned aerial mobility (UAM)
                    8.4.1.4 Commercial helicopters
    8.5 SPECIAL MISSION AVIATION 
           8.5.1 NEED FOR REAL-TIME DATA COLLECTION TO DRIVE MARKET
                    TABLE 43 SPECIAL MISSION AVIATION: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                    TABLE 44 SPECIAL MISSION AVIATION: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                    8.5.1.1 Military aviation
                               8.5.1.1.1 Reconnaissance aircraft
                               8.5.1.1.2 Transport aircraft
                               8.5.1.1.3 Fighter aircraft
                               8.5.1.1.4 Military helicopters
                    8.5.1.2 Commercial aviation
                               8.5.1.2.1 Wide-body aircraft
                               8.5.1.2.2 Narrow-body aircraft
                               8.5.1.2.3 Regional jets
                               8.5.1.2.4 Business & general aviation
                               8.5.1.2.5 Commercial helicopters
 
9 AVIONICS MARKET, BY FIT (Page No. - 118)
    9.1 INTRODUCTION 
           FIGURE 35 AVIONICS MARKET, BY FIT, 2023–2030
           TABLE 45 AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
           TABLE 46 AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
    9.2 LINE FIT 
           9.2.1 INCREASING DEMAND FOR NEW-GEN AIRCRAFT TO DRIVE MARKET
    9.3 RETROFIT 
           9.3.1 INCREASE IN OPERATIONAL HOURS GENERATING DEMAND FOR REPAIR AND REPLACEMENT OF AVIONICS SYSTEMS TO DRIVE MARKET
 
10 AVIONICS MARKET, BY REGION (Page No. - 121)
     10.1 INTRODUCTION 
             10.1.1 RECESSION IMPACT ANALYSIS
                        FIGURE 36 AVIONICS MARKET, BY REGION, 2023–2030
                        TABLE 47 AVIONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 48 AVIONICS MARKET, BY REGION, 2023–2030 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 RECESSION IMPACT ANALYSIS
             10.2.2 PESTLE ANALYSIS
                        FIGURE 37 NORTH AMERICA: AVIONICS MARKET SNAPSHOT
                        TABLE 49 NORTH AMERICA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 50 NORTH AMERICA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        TABLE 51 NORTH AMERICA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 52 NORTH AMERICA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 53 NORTH AMERICA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 54 NORTH AMERICA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 55 NORTH AMERICA: AVIONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 56 NORTH AMERICA: AVIONICS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.2.3 US
                        10.2.3.1 Surging investments in electric-powered aircraft for cargo logistics to drive market
                                     TABLE 57 US: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 58 US: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 59 US: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 60 US: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 61 US: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 62 US: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.2.4 CANADA
                        10.2.4.1 Advancements in avionics technology to enhance passenger safety to drive market
                                     TABLE 63 CANADA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 64 CANADA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 65 CANADA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 66 CANADA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 67 CANADA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 68 CANADA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
     10.3 EUROPE 
             10.3.1 RECESSION IMPACT ANALYSIS
             10.3.2 PESTLE ANALYSIS
                        FIGURE 38 EUROPE: AVIONICS MARKET SNAPSHOT
                        TABLE 69 EUROPE: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 70 EUROPE: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        TABLE 71 EUROPE: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 72 EUROPE: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 73 EUROPE: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 74 EUROPE: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 75 EUROPE: AVIONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 76 EUROPE: AVIONICS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.3.3 UK
                        10.3.3.1 Continuous evolution of vertical lift airborne technology to drive market
                                     TABLE 77 UK: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 78 UK: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 79 UK: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 80 UK: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 81 UK: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 82 UK: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.3.4 FRANCE
                        10.3.4.1 Presence of major aircraft OEMs to drive market
                                     TABLE 83 FRANCE: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 84 FRANCE: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 85 FRANCE: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 86 FRANCE: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 87 FRANCE: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 88 FRANCE: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.3.5 GERMANY
                        10.3.5.1 Emphasis on air transportation development to drive market
                                     TABLE 89 GERMANY: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 90 GERMANY: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 91 GERMANY: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 92 GERMANY: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 93 GERMANY: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 94 GERMANY: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.3.6 ITALY
                        10.3.6.1 Development and integration of advanced avionics systems to drive market
                                     TABLE 95 ITALY: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 96 ITALY: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 97 ITALY: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 98 ITALY: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 99 ITALY: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 100 ITALY: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.3.7 RUSSIA
                        10.3.7.1 Expansion of commercial aircraft manufacturing capacities to drive market
                                     TABLE 101 RUSSIA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 102 RUSSIA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 103 RUSSIA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 104 RUSSIA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 105 RUSSIA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 106 RUSSIA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.3.8 REST OF EUROPE
                        TABLE 107 REST OF EUROPE: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 108 REST OF EUROPE: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 109 REST OF EUROPE: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 110 REST OF EUROPE: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 111 REST OF EUROPE: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 112 REST OF EUROPE: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
     10.4 ASIA PACIFIC 
             10.4.1 RECESSION IMPACT ANALYSIS
             10.4.2 PESTLE ANALYSIS
                        FIGURE 39 ASIA PACIFIC: AVIONICS MARKET SNAPSHOT
                        TABLE 113 ASIA PACIFIC: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 114 ASIA PACIFIC: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        TABLE 115 ASIA PACIFIC: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 116 ASIA PACIFIC: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 117 ASIA PACIFIC: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: AVIONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: AVIONICS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.4.3 CHINA
                        10.4.3.1 C919 program to drive market
                                     TABLE 121 CHINA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 122 CHINA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 123 CHINA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 124 CHINA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 125 CHINA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 126 CHINA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.4.4 INDIA
                        10.4.4.1 Make in India initiative to drive market
                                     TABLE 127 INDIA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 128 INDIA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 129 INDIA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 130 INDIA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 131 INDIA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 132 INDIA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.4.5 JAPAN
                        10.4.5.1 Surge of advanced avionics systems to drive market
                                     TABLE 133 JAPAN: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 134 JAPAN: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 135 JAPAN: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 136 JAPAN: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 137 JAPAN: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 138 JAPAN: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.4.6 AUSTRALIA
                        10.4.6.1 Adoption of advanced flight management systems to drive market
                                     TABLE 139 AUSTRALIA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 140 AUSTRALIA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 141 AUSTRALIA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 142 AUSTRALIA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 143 AUSTRALIA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 144 AUSTRALIA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.4.7 SOUTH KOREA
                        10.4.7.1 Presence of low-cost carriers to drive market
                                     TABLE 145 SOUTH KOREA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 146 SOUTH KOREA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 147 SOUTH KOREA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 148 SOUTH KOREA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 149 SOUTH KOREA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 150 SOUTH KOREA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.4.8 REST OF ASIA PACIFIC
                        TABLE 151 REST OF ASIA PACIFIC: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 152 REST OF ASIA PACIFIC: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 153 REST OF ASIA PACIFIC: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 154 REST OF ASIA PACIFIC: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 155 REST OF ASIA PACIFIC: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 156 REST OF ASIA PACIFIC: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
     10.5 MIDDLE EAST 
             10.5.1 RECESSION IMPACT ANALYSIS
             10.5.2 PESTLE ANALYSIS
                        FIGURE 40 MIDDLE EAST: AVIONICS MARKET SNAPSHOT
                        TABLE 157 MIDDLE EAST: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 158 MIDDLE EAST: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        TABLE 159 MIDDLE EAST: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 160 MIDDLE EAST: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 161 MIDDLE EAST: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 162 MIDDLE EAST: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 163 MIDDLE EAST: AVIONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 164 MIDDLE EAST: AVIONICS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             10.5.3 GULF COOPERATION COUNCIL (GCC)
                        10.5.3.1 Saudi Arabia
                                     10.5.3.1.1 Vision 2030 program to drive market
                                                    TABLE 165 SAUDI ARABIA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                                    TABLE 166 SAUDI ARABIA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                                    TABLE 167 SAUDI ARABIA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                                    TABLE 168 SAUDI ARABIA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                                    TABLE 169 SAUDI ARABIA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                                    TABLE 170 SAUDI ARABIA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        10.5.3.2 UAE
                                     10.5.3.2.1 Modernization of key airports to drive market
                                                    TABLE 171 UAE: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                                    TABLE 172 UAE: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                                    TABLE 173 UAE: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                                    TABLE 174 UAE: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                                    TABLE 175 UAE: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                                    TABLE 176 UAE: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.5.4 REST OF MIDDLE EAST
                        TABLE 177 REST OF MIDDLE EAST: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 178 REST OF MIDDLE EAST: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 179 REST OF MIDDLE EAST: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 180 REST OF MIDDLE EAST: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 181 REST OF MIDDLE EAST: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 182 REST OF MIDDLE EAST: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
     10.6 REST OF THE WORLD 
             10.6.1 RECESSION IMPACT ANALYSIS
             10.6.2 PESTLE ANALYSIS
                        FIGURE 41 REST OF THE WORLD: AVIONICS MARKET SNAPSHOT
                        TABLE 183 REST OF THE WORLD: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                        TABLE 184 REST OF THE WORLD: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
                        TABLE 185 REST OF THE WORLD: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                        TABLE 186 REST OF THE WORLD: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                        TABLE 187 REST OF THE WORLD: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                        TABLE 188 REST OF THE WORLD: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                        TABLE 189 REST OF THE WORLD: AVIONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
             10.6.3 LATIN AMERICA
                        10.6.3.1 Rapid expansion of aircraft fleet to drive market
                                     TABLE 191 LATIN AMERICA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 192 LATIN AMERICA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 193 LATIN AMERICA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 194 LATIN AMERICA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 195 LATIN AMERICA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 196 LATIN AMERICA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
             10.6.4 AFRICA
                        10.6.4.1 Commercial aviation platform to drive market
                                     TABLE 197 AFRICA: AVIONICS MARKET, BY FIT, 2019–2022 (USD MILLION)
                                     TABLE 198 AFRICA: AVIONICS MARKET, BY FIT, 2023–2030 (USD MILLION)
                                     TABLE 199 AFRICA: AVIONICS MARKET, BY PLATFORM, 2019–2022 (USD MILLION)
                                     TABLE 200 AFRICA: AVIONICS MARKET, BY PLATFORM, 2023–2030 (USD MILLION)
                                     TABLE 201 AFRICA: AVIONICS MARKET, BY SYSTEM, 2019–2022 (USD MILLION)
                                     TABLE 202 AFRICA: AVIONICS MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 189)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 203 STRATEGIES ADOPTED BY KEY PLAYERS
     11.3 RANKING ANALYSIS, 2022 
             FIGURE 42 MARKET RANKING OF TOP FIVE PLAYERS, 2022
     11.4 REVENUE ANALYSIS, 2018–2022 
             FIGURE 43 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
     11.5 MARKET SHARE ANALYSIS, 2022 
             FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
             TABLE 204 DEGREE OF COMPETITION
     11.6 COMPANY EVALUATION MATRIX 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                        FIGURE 45 COMPANY EVALUATION MATRIX, 2022
             11.6.5 COMPANY FOOTPRINT
                        TABLE 205 COMPANY FOOTPRINT
                        TABLE 206 PRODUCT FOOTPRINT
                        TABLE 207 REGION FOOTPRINT
     11.7 START-UP/SME EVALUATION MATRIX 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 46 START-UP/SME EVALUATION MATRIX, 2022
             11.7.5 COMPETITIVE BENCHMARKING
                        TABLE 208 KEY START-UPS/SMES
                        TABLE 209 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     11.8 COMPETITIVE SCENARIO 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 210 AVIONICS MARKET: PRODUCT LAUNCHES, 2020–2023
             11.8.2 DEALS
                        TABLE 211 AVIONICS MARKET: DEALS, 2020–2023
             11.8.3 OTHER DEVELOPMENTS
                        TABLE 212 AVIONICS MARKET: OTHER DEVELOPMENTS, 2020–2023
 
12 COMPANY PROFILES (Page No. - 211)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     12.1 INTRODUCTION 
     12.2 KEY PLAYERS 
             12.2.1 GENERAL ELECTRIC COMPANY
                        TABLE 213 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW
                        FIGURE 47 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
                        TABLE 214 GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 215 GENERAL ELECTRIC COMPANY: DEALS
                        TABLE 216 GENERAL ELECTRIC COMPANY: OTHER DEVELOPMENTS
             12.2.2 HONEYWELL INTERNATIONAL INC.
                        TABLE 217 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 48 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 218 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 219 HONEYWELL INTERNATIONAL INC: DEALS
                        TABLE 220 HONEYWELL INTERNATIONAL INC: OTHER DEVELOPMENTS
             12.2.3 RAYTHEON TECHNOLOGIES CORPORATION
                        TABLE 221 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
                        FIGURE 49 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                        TABLE 222 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 223 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT LAUNCHES
                        TABLE 224 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
                        TABLE 225 RAYTHEON TECHNOLOGIES CORPORATION: OTHER DEVELOPMENTS
             12.2.4 L3HARRIS TECHNOLOGIES, INC.
                        TABLE 226 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 50 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
                        TABLE 227 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 228 L3HARRIS TECHNOLOGIES, INC.: PRODUCT LAUNCHES
                        TABLE 229 L3HARRIS TECHNOLOGIES, INC.: OTHER DEVELOPMENTS
             12.2.5 THALES GROUP
                        TABLE 230 THALES GROUP: COMPANY OVERVIEW
                        FIGURE 51 THALES GROUP: COMPANY SNAPSHOT
                        TABLE 231 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 232 THALES GROUP: DEALS
                        TABLE 233 THALES GROUP: OTHER DEVELOPMENTS
             12.2.6 CURTISS-WRIGHT CORPORATION
                        TABLE 234 CURTISS-WRIGHT CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT
                        TABLE 235 CURTISS-WRIGHT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 236 CURTISS-WRIGHT CORPORATION: DEALS
                        TABLE 237 CURTISS-WRIGHT CORPORATION: OTHER DEVELOPMENTS
             12.2.7 ELBIT SYSTEMS LTD.
                        TABLE 238 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW
                        FIGURE 53 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
                        TABLE 239 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 240 ELBIT SYSTEMS LTD.: OTHER DEVELOPMENTS
             12.2.8 NORTHROP GRUMMAN CORPORATION
                        TABLE 241 NORTHROP GRUMMAN CORPORATION: COMPANY OVERVIEW
                        FIGURE 54 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 242 NORTHROP GRUMMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 243 NORTHROP GRUMMAN CORPORATION: OTHER DEVELOPMENTS
             12.2.9 BAE SYSTEMS PLC
                        TABLE 244 BAE SYSTEMS PLC: COMPANY OVERVIEW
                        FIGURE 55 BAE SYSTEMS PLC: COMPANY SNAPSHOT
                        TABLE 245 BAE SYSTEMS PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 246 BAE SYSTEMS PLC: DEALS
                        TABLE 247 BAE SYSTEMS PLC: OTHER DEVELOPMENTS
             12.2.10 GARMIN LTD.
                        TABLE 248 GARMIN LTD.: COMPANY OVERVIEW
                        FIGURE 56 GARMIN LTD.: COMPANY SNAPSHOT
                        TABLE 249 GARMIN LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 250 GARMIN LTD.: PRODUCT LAUNCHES
                        TABLE 251 GARMIN LTD.: DEALS
                        TABLE 252 GARMIN LTD.: OTHER DEVELOPMENTS
             12.2.11 TRANSDIGM GROUP
                        TABLE 253 TRANSDIGM GROUP: COMPANY OVERVIEW
                        FIGURE 57 TRANSDIGM GROUP: COMPANY SNAPSHOT
                        TABLE 254 TRANSDIGM GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 255 TRANSDIGM GROUP: DEALS
                        TABLE 256 TRANSDIGM GROUP: OTHER DEVELOPMENTS
             12.2.12 LEONARDO SPA
                        TABLE 257 LEONARDO SPA: COMPANY OVERVIEW
                        FIGURE 58 LEONARDO SPA: COMPANY SNAPSHOT
                        TABLE 258 LEONARDO SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 259 LEONARDO SPA: DEALS
             12.2.13 ASTRONAUTICS CORPORATION OF AMERICA
                        TABLE 260 ASTRONAUTICS CORPORATION OF AMERICA: COMPANY OVERVIEW
                        TABLE 261 ASTRONAUTICS CORPORATION OF AMERICA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 262 ASTRONAUTICS CORPORATION OF AMERICA: DEALS
                        TABLE 263 ASTRONAUTICS CORPORATION OF AMERICA: OTHER DEVELOPMENTS
             12.2.14 MEGGIT PLC
                        TABLE 264 MEGGIT PLC: COMPANY OVERVIEW
                        FIGURE 59 MEGGIT PLC: COMPANY SNAPSHOT
                        TABLE 265 MEGGIT PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 266 MEGGIT PLC: DEALS
                        TABLE 267 MEGGIT PLC: OTHER DEVELOPMENTS
             12.2.15 SAFRAN SA
                        TABLE 268 SAFRAN SA: COMPANY OVERVIEW
                        FIGURE 60 SAFRAN SA: COMPANY SNAPSHOT
                        TABLE 269 SAFRAN SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 270 SAFRAN SA: DEALS
                        TABLE 271 SAFRAN SA: OTHER DEVELOPMENTS
     12.3 OTHER PLAYERS 
             12.3.1 UAVIONIX
                        TABLE 272 UAVIONIX: COMPANY OVERVIEW
             12.3.2 AVIDYNE CORPORATION
                        TABLE 273 AVIDYNE CORPORATION: COMPANY OVERVIEW
             12.3.3 ASPEN AVIONICS INC.
                        TABLE 274 ASPEN AVIONICS INC.: COMPANY OVERVIEW
             12.3.4 DYNON AVIONICS INC.
                        TABLE 275 DYNON AVIONICS INC.: COMPANY OVERVIEW
             12.3.5 KANARDIA DOO
                        TABLE 276 KANARDIA DOO: COMPANY OVERVIEW
             12.3.6 TALOS AVIONICS PC
                        TABLE 277 TALOS AVIONICS PC: COMPANY OVERVIEW
             12.3.7 TASKEM CORPORATION
                        TABLE 278 TASKEM CORPORATION: COMPANY OVERVIEW
             12.3.8 ANODYNE ELECTRONICS MANUFACTURING CORP.
                        TABLE 279 ANODYNE ELECTRONICS MANUFACTURING CORP.: COMPANY OVERVIEW
             12.3.9 BECKER AVIONICS GMBH
                        TABLE 280 BECKER AVIONICS GMBH: COMPANY OVERVIEW
             12.3.10 SHADIN AVIONICS
                        TABLE 281 SHADIN AVIONICS: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 278)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 
 

 

This research study on the avionics market involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. Primary sources included industry experts, service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of this industry's value chain. In-depth interviews with primary respondents, including key industry participants, subject matter experts, industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information about the avionics market and assess the market's growth prospects.

Secondary Research

The market share of companies in the avionics market was determined using the secondary data acquired through paid and unpaid sources and analyzing the product portfolios of major companies operating in the market. These companies were rated based on the performance and quality of their products. Primary sources further validated these data points.

Secondary sources referred to for this research study on the avionics market included government sources, such as GAMA (General Aviation Manufacturer Association), FlightGlobal Commercial Avionics Consensus (2021), International Air Transport Association (IATA), Boeing Outlook 2023, Airbus Outlook 2023, and federal and state governments of various countries; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations; among others. Secondary data was collected and analyzed to determine the overall size of the Avionics market, which was further validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information regarding the Avionics market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, and ROW, which includes Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

Avionics Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • Both top-down and bottom-up approaches were used to estimate and validate the size of the avionics market.
  • Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Market size estimation methodology: Bottom-up Approach

Avionics Market
 Size, and Bottom-up Approach

Market size estimation methodology: Top-down Approach

Avionics Market
 Size, and Top-down Approach

Data Triangulation

After arriving at the overall size of the avionics market from the market size estimation process explained above, the total market was split into several segments and subsegments. Wherever applicable, data triangulation and market breakdown procedures explained below were implemented to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both top-down and bottom-up approaches.

Avionics Market
 Size, and Data Triangulation

Market Definition

Avionics refers to the electronic systems used in aircraft, encompassing communication, navigation, flight control, and monitoring systems. It involves integrating hardware and software for functions like radar, GPS, autopilot, and cockpit displays. Avionics ensures safe and efficient flight operations, enabling communication with air traffic control, navigation, weather detection, and precise aircraft control. These systems are critical for flight safety, improving situational awareness, and enhancing the overall performance of both commercial and military aircraft.

The market is driven by the constant evolution of technology, leading to the development of advanced avionic systems that contribute to fuel efficiency, reduced maintenance costs, and enhanced situational awareness. Growing demand for modernized aircraft, increased air travel, and the imperative for regulatory compliance further propel the avionics market.

The recent current-generation aircraft features state-of-the-art digital avionics based on sophisticated sensor technologies that monitor and report even a small deviation in the required flight parameters. The market is projected to grow on account of the adoption of digital cockpit systems onboard new-generation aircraft and the modernization of existing fleets to attain specified safety levels globally.

Stakeholders

Various stakeholders of the market are listed below:

  • Government Authorities
  • Regulatory Bodies
  • R&D Companies
  • Commercial aircraft manufacturers
  • Subsystem manufacturers
  • Providers of avionics solutions and services

Report Objectives

  • To define, describe, and forecast the size of the avionics market based on platform, fit, system, and region from 2023 to 2030
  • To forecast the size of market segments with respect to five major regions, namely North America, Europe, Asia Pacific, the Middle East, and the Rest of the world
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1  with respect to individual growth trends, prospects, and their contribution to the market
  • To analyze opportunities for stakeholders in the market by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions, expansions, agreements, joint ventures and partnerships, product developments, and research and development (R&D) activities in the market
  • To provide a detailed competitive landscape of the -market, in addition to an analysis of business and corporate strategies adopted by leading market players
  • To strategically profile key market players and comprehensively analyze their core competencies2

1 Micromarkets are referred to as the segments and subsegments of the Avionics markets considered in the scope of the report.

2 Core competencies of companies were captured in terms of their key developments and key strategies adopted to sustain their positions in the market.

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at the country level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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