Dublin, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The "Commercial Avionics Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Commercial Avionics Systems was estimated at US$22.2 Billion in 2023 and is projected to reach US$26.1 Billion by 2030, growing at a CAGR of 2.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the commercial avionics systems market is driven by several factors, including regulatory mandates for upgrading avionics, the growing demand for air travel, and the increasing adoption of advanced technologies in aviation. Airlines are required to upgrade their avionics systems to comply with global regulations such as the FAA's NextGen initiative and Europe's SESAR program.
Additionally, rising passenger numbers and fleet expansions are propelling the demand for new aircraft equipped with cutting-edge avionics. The shift towards more fuel-efficient and environmentally friendly aviation technologies is also pushing airlines to invest in next-generation avionics systems.
Why Are Commercial Avionics Systems Critical for Modern Aviation?
Commercial avionics systems are vital for ensuring the safety, efficiency, and reliability of modern aircraft. These systems encompass a wide range of electronic equipment used in navigation, communication, and surveillance during flight. As the aviation industry expands and air traffic increases, the need for advanced avionics to manage flight operations, improve situational awareness, and enhance passenger safety is more critical than ever. Airlines are investing in next-generation avionics systems to meet regulatory requirements and to benefit from the operational efficiencies these systems offer, including fuel savings and reduced environmental impact.
How Are Technological Innovations Shaping the Commercial Avionics Market?
Technological innovations are significantly transforming the commercial avionics landscape. Satellite-based navigation systems, real-time data communication, and automation technologies are enhancing the performance of avionics systems. New developments, such as the integration of artificial intelligence and machine learning, are enabling predictive maintenance and improved decision-making during flights. These advancements allow airlines to optimize routes, reduce delays, and minimize fuel consumption. Additionally, avionics systems are becoming more connected, with data shared between aircraft and ground control in real time, further improving flight safety and efficiency.
What Are the Key Industries and Regions Driving Demand for Avionics Systems?
The commercial aviation industry is the primary driver of demand for advanced avionics systems, as airlines seek to comply with increasingly stringent safety regulations and improve operational efficiency. The growing demand for air travel in emerging economies is also contributing to the expansion of the avionics market, with countries in Asia-Pacific and the Middle East investing heavily in new aircraft and aviation infrastructure. Additionally, the defense and government sectors are adopting advanced avionics systems for military and special-purpose aircraft, further boosting market growth.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Commercial Avionics Systems Market such as Avidyne Corporation, Garmin Ltd., GE Aviation, Honeywell Aerospace, L3 Technologies, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fixed Wing Aircraft Avionics Systems segment, which is expected to reach US$17.7 Billion by 2030 with a CAGR of a 2.0%. The Rotary Wing Aircraft Avionics Systems segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.9 Billion in 2023, and China, forecasted to grow at an impressive 4.1% CAGR to reach $5.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 233 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $22.2 Billion |
| Forecasted Market Value (USD) by 2030 | $26.1 Billion |
| Compound Annual Growth Rate | 2.3% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Commercial Avionics Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Advanced Communication and Navigation Systems
- Technological Advancements in Satellite-Based Navigation for Aircraft
- Expansion of NextGen and SESAR Air Traffic Management Programs
- Growing Adoption of Real-Time Data Transmission Systems for Aircraft Monitoring
- Increasing Integration of AI and Machine Learning in Avionics for Predictive Maintenance
- Demand for Enhanced Passenger Connectivity and In-Flight Entertainment Systems
- Rising Focus on Cybersecurity for Aircraft Systems and Data Protection
- Expansion of Avionics Systems in Electric and Autonomous Aircraft
- Increasing Use of Avionics in Military and Defense Aircraft
- Growing Need for Advanced Cockpit Display Systems and Human-Machine Interfaces
- Adoption of ADS-B Systems to Comply with Regulatory Mandates
- Expansion of Avionics Solutions in Emerging Markets and Regional Aviation
FOCUS ON SELECT PLAYERS:Some of the 19 companies featured in this report include
- Avidyne Corporation
- Garmin Ltd.
- GE Aviation
- Honeywell Aerospace
- L3 Technologies, Inc.
- Panasonic Avionics Corporation
- Rockwell Collins, Inc.
- Thales Group
- United Technologies Corporation (UTC)
- Universal Avionics System Corporation
For more information about this report visit https://www.researchandmarkets.com/r/4sejq8
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
