Global Commercial Avionics Systems Market Industry Outlook, Growth And Trends

Commercial Avionics Systems Market Definition

Commercial avionics products include flight controls, flight management equipment, navigation equipment, aircraft sensors, surveillance systems, and other integrated systems. The commercial avionics systems are used in cockpit electronics and airborne equipment specifically designed for use in aviation. Multiple functions are integrated into the most advanced avionics systems to improve performance, simplify maintenance, and keep costs down.

Commercial Avionics Systems Market Characteristics

The global commercial avionics systems market size grew from $26.96 billion in 2022 to $27.77 billion in 2023 at a compound annual growth rate (CAGR) of 3.0%. The commercial avionics systems market size is expected to grow to $32.03 billion in 2027 at a CAGR of 3.6%.

Commercial Avionics Systems Market Segments

The report covers the commercial avionics systems market’s segments-

By Sub System By Fit By Aircraft Type

Flight Management And Control, Health

Monitoring, Electrical And Emergency, Communication

Navigation And Surveillance, Other Sub Systems

Retrofit, Forward Fit

Narrow Body, Wide Body, Regional And Business Jet, Freighter

Major companies in the market include

Key Market Players

BAE Systems PLC

General Electric

Honeywell International Inc

L3 Harris Technologies

Meggitt PLC

11 reasons why TBRC is the solution you need

1. Measure the impact of high global inflation on market growth

2. Market sizing information from 2017 to 2023 and forecasted to 2032

3. Assess the Russia-Ukraine war’s impact on commodity supply and its direct and indirect impact on all the markets

4. Understand how the market has been impacted by the COVID19 pandemic

5. Gain a truly global perspective with the most comprehensive report available on the market covering 60+ geographies

6. Create regional and country strategies on the basis of local data and analysis

7. Identify growth segments for investment

8. Outperform competitors using forecast data and the drivers and trends shaping the market

9. Understand customers based on the latest market shares

10.Benchmark performance against key competitors

11.And more