Global Avionics Market Size & Outlook, 2025-2030
The global avionics market size was estimated at USD 6,521.3 million in 2024 and is projected to reach USD 4,208.6 million by 2030, growing at a CAGR of -3.7% from 2025 to 2030.
Revenue, 2024 (US$M)
$6,521.3
Forecast, 2030 (US$M)
$4,208.6
CAGR, 2025 - 2030
-3.7%
Report Coverage
Worldwide
Global avionics market, 2018-2030 (US$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
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
UAE
Saudi Arabia
South Africa
Avionics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Leonardo SpA ADR | View profile | 51000 | Piazza Monte Grappa 4, Rome, Italy, 00195 | http://www.leonardocompany.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global avionics market size, by regions, 2018-2030 (US$M)
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