Global Avionics Market Size & Outlook, 2023-2030
The avionics industry worldwide is expected to reach a projected revenue of US$ 85,289.3 million by 2030. A compound annual growth rate of 9.7% is expected of the worldwide avionics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$44,682.9
Forecast, 2030 (US$M)
$85,289.3
CAGR, 2024 - 2030
9.7%
Report Coverage
Worldwide
Global avionics market, 2018-2030 (US$M)
Global avionics market highlights
- The global avionics market generated a revenue of USD 44,682.9 million in 2023 and is expected to reach USD 85,289.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.7% by 2030.
- In terms of segment, navigation systems accounted for a revenue of USD 44,682.9 million in 2023.
- Navigation Systems is the most lucrative system segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 44,682.9 million |
| Market revenue in 2030 | USD 85,289.3 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Navigation systems |
| Fastest growing segment | Navigation Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Navigation Systems |
Other key industry trends
- In terms of revenue, the North America accounted for 33.2% of the global avionics market in 2023.
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Avionics Market Scope
Avionics market segmentation & scope
Navigation Systems
Communication
Flight Management
Traffic and Collision Management
Weather
Others
Component
Hardware
Software
Platform
Commercial Aviation
Military Aviation
Business and General Aviation
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Avionics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global avionics market size, by regions, 2018-2030 (US$M)
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