The global Avionics market size is projected to reach USD 87 billion by 2026 at a CAGR of 5.2% from USD 72 billion in 2021 during the forecast period 2021-2028.
Avionic is a class of electrical systems that deals with the equipment’s and systems designed particularly for the purpose of aviation. Al the systems used in an aircraft, satellite or a spacecraft marks a part of it. The type and range of the product vary according to its use and the system.
With the recent growth in retrofit aircraft market along with the adoption of next generation flight management system are some of the factors that have supported long-term expansion for Avionics Market.
North America is expected to be the largest market during the forecast period. The increased demand for commercial aircrafts along with the defence usage of the aircraft for surveillance and transport are some reasons for the dominance of North America in the market.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 72 billion |
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Growth Rate |
CAGR of 5.2% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
End User, System, Platform and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Safran, GE Aviation, UTC (Collins Aerospace), Honeywell International, Thales, Curtiss-Wright, L3 Communications, and Meggitt |
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Available Customization |
In addition to the market data for Avionics Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
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