Commercial Avionics Systems Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033

The commercial avionics systems market size has grown strongly in recent years. It will grow from $30.23 billion in 2023 to $32.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to aircraft modernization, regulatory compliance, enhanced communication systems, fuel efficiency demands, automation and autonomy, increased passenger expectations.

The commercial avionics systems market size is expected to see strong growth in the next few years. It will grow to $42.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to cybersecurity concerns, environmental regulations, remote and condition-based maintenance, urban air mobility, and international air travel recovery. Major trends in the forecast period include next-gen avionics platforms, autonomous flight technologies, electric and hybrid aircraft, in-flight entertainment systems, satellite navigation systems, health monitoring and predictive maintenance.

Market Overview -
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.

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Surging Airline Passenger Numbers Propel Growth In The Commercial Avionics Systems Market
An increase in the number of airline passengers is expected to propel the growth of the commercial avionics systems market going forward. The avionic systems are the electronic systems used on aircraft that include communications, navigation, the display and management of multiple systems, and other functions. This helps in the better functioning of aircraft, which would result in increased passenger numbers. For instance, in March 2023, according to Bureau of Transportation Statistics, a US-based government agency, the United states airlines carried 853 million airline passengers in 2022 increased from 658 million airline passengers in 2021.. Therefore, the increasing number of airline passengers is driving the commercial avionics systems market growth.

Competitive Landscape -
Major companies operating in the commercial avionics systems market report are General Electric Company, Raytheon Technologies Corporation, The Boeing Company, Panasonic Corporation, Northrop Grumman Corporation, Honeywell International Inc., BAE Systems PLC, Safran, Thales Group, L3Harris Technologies Inc., Collins Aerospace a Raytheon Technologies Corporation, Teledyne Technologies Incorporated, Garmin Ltd., Diehl Stiftung & Co. KG, Kontron Sandt AG, Moog Inc., Curtiss-Wright Corporation, Cobham Limited, Meggitt PLC, FLIR Systems Inc., Esterline CMC Electronics Inc., Astronics Max-Viz, Astronautics Corporation of America, Universal Avionics Systems Corporation, Avidyne Corporation, EuroAvionics Navigation Systems GmbH & Co. KG, Sagetech Avionics Inc., UAVIONIX Corporation, BendixKing, Air Data Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., GE Aviation a division of General Electric Company

Astronautics Corporation Unveils Aerosync Mission (AEC115) As A Pioneering Line-Fit Solution For Enhanced In-Flight Connectivity
Major companies operating in the commercial avionics systems market are focused on introducing advanced solutions, such as the line-fit connectivity solution, to provide a competitive edge in the market. Line-fit connectivity solutions are integrated and factory-installed avionics systems designed for use in commercial and military aircraft to provide the necessary infrastructure and technology to offer in-flight connectivity services to their passengers. For instance, in March 2022, Astronautics Corporation of America, a US-based manufacturer of avionics equipment, launched AeroSync Mission (AEC115). AeroSync Mission (AEC115) is a connectivity solution designed to provide secure and integrated wireless data transmission for aircraft. It is a complete air-to-ground data management platform that simply and securely gets information on and off the aircraft. It provides high-speed flight, mission, and maintenance data. AeroSync Mission (AEC115) is used in aircraft as an avionics system for commercial and military aerospace.

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Key Segments -
The commercial avionics systems market covered in this report is segmented -
1) By Sub System: Flight Management And Control, Health Monitoring, Electrical And Emergency, Communication Navigation And Surveillance, Other Sub Systems
2) By Fit: Retrofit, Forward Fit
3) By Aircraft Type: Narrow Body, Wide Body, Regional and Business Jet, Freighter

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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