Commercial Aircraft Avionics Market Size (2024 - 2029)

The Commercial Aircraft Avionics Systems Market is projected to experience growth over the forecast period, driven by the recovering demand for new commercial aircraft and the expansion and modernization programs of airlines. Despite the challenges posed by the slow recovery of the aviation sector and the impact of COVID-19 on aircraft demand, the market is expected to benefit from increased partnerships between MRO providers, enhancing their capabilities to service new-generation aircraft. However, the early retirement of widebody jets may pose challenges for the avionics retrofit sector due to the higher costs associated with these systems.

Market Size of Commercial Aircraft Avionics Industry

Commercial Aircraft Avionics Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 34.43 Billion
Market Size (2029) USD 42.23 Billion
CAGR (2024 - 2029) 4.17 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Commercial Aircraft Avionics Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Commercial Aircraft Avionics Systems Market Analysis

The Commercial Aircraft Avionics Market size is estimated at USD 34.43 billion in 2024, and is expected to reach USD 42.23 billion by 2029, growing at a CAGR of 4.17% during the forecast period (2024-2029).

  • The global aviation sector underwent an unprecedented disruption due to the COVID-19 pandemic, resulting in a drastic reduction in passenger traffic that negatively impacted aircraft demand. Though the sector showed signs of improvement in 2021, the deliveries of commercial aircraft were significantly lower than the pre-COVID levels. Furthermore, the commercial aviation sector is expected to recover slowly, as travel demand is projected to normalize to pre-COVID levels by 2023, which is expected to challenge the growth of the commercial aircraft avionics market.
  • The aviation sector is governed by stringent regulations that stipulate all aspects of aircraft design, including structures and electronics. Prominent aviation regulatory agencies, such as the Federal Aviation Administration (FAA), have issued strict guidelines for adherence by aircraft OEMs and third-party service providers regarding avionics systems fitment and repair.
  • The market is driven by the recovering demand for new commercial aircraft as part of the fleet expansion and modernization programs initiated by airlines operating in the region. Additionally, the increasing partnership between aircraft maintenance, repair, and operations (MRO) providers is expected to drive their technical capabilities, enabling them to service new-generation aircraft procured by airlines. However, the early retirement of widebody jets due to COVID-19 is anticipated to impact the avionics retrofit sector since the size and installation costs of avionics systems on a widebody are much higher than a narrowbody aircraft.

Commercial Aircraft Avionics Systems Industry Segmentation

Avionics is an assembly of electronics subsystems integrated onboard an aircraft to carry out several mission and flight management tasks. These systems include engine controls, flight control systems, navigation, communications, flight recorders, lighting systems, fuel systems, electro-optic (EO/IR) systems, weather radar, and performance monitoring systems. The scope of the study is exclusive of freighter aircraft, military aircraft, business jets, and other private-owned, chartered, and unscheduled aircraft.

The commercial aircraft avionics market is segmented by subsystem, aircraft type, fit, and geography. By subsystem, the market is segmented into health monitoring systems, flight management and control systems, communication and navigation, cockpit systems, visualizations and display systems, and other subsystems. The other subsystems include emergency systems, fire safety systems, electronic flight bags (EFBs), and weather systems. By aircraft type, the market is segmented into narrowbody, widebody, and regional jet. By fit, the market is segmented into line fit and retrofit. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. 

The market sizing and forecasts have been provided in value (USD).

Subsystem
Health Monitoring Systems
Flight Management and Control Systems
Communication and Navigation
Cockpit Systems
Visualizations and Display Systems
Other Subsystems
Aircraft Type
Narrowbody
Widebody
Regional Aircraft
Fit
Linefit
Retrofit
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Qatar
Rest of Middle-East and Africa
Latin America
Brazil
Mexico
Rest of Latin America
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Commercial Aircraft Avionics Market Size Summary

The commercial aircraft avionics systems market is poised for growth as the aviation sector gradually recovers from the disruptions caused by the COVID-19 pandemic. The market is driven by the increasing demand for new commercial aircraft, fueled by fleet expansion and modernization programs initiated by airlines. The narrowbody segment, in particular, dominates the market due to the rising demand from low-cost carriers seeking to modernize their fleets. The market's growth is supported by partnerships between aircraft maintenance, repair, and operations providers, which enhance their capabilities to service new-generation aircraft. However, challenges such as the early retirement of widebody jets and stringent regulatory requirements from agencies like the FAA impact the avionics retrofit sector.

The aerospace industry, particularly in North America, benefits from a mature aviation base and robust demand for avionics systems, driven by major OEMs like Boeing and Airbus. The region's favorable factors, such as political stability and low production costs, have led to the establishment of new aerospace manufacturing facilities. The market is moderately fragmented, with key players like Raytheon Technologies, General Electric, and Honeywell International leading through continuous R&D and product development. Recent developments, such as United Airlines' significant aircraft orders and the introduction of advanced avionics systems, indicate a positive outlook for the market during the forecast period.

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Commercial Aircraft Avionics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Subsystem

      1. 2.1.1 Health Monitoring Systems

      2. 2.1.2 Flight Management and Control Systems

      3. 2.1.3 Communication and Navigation

      4. 2.1.4 Cockpit Systems

      5. 2.1.5 Visualizations and Display Systems

      6. 2.1.6 Other Subsystems

    2. 2.2 Aircraft Type

      1. 2.2.1 Narrowbody

      2. 2.2.2 Widebody

      3. 2.2.3 Regional Aircraft

    3. 2.3 Fit

      1. 2.3.1 Linefit

      2. 2.3.2 Retrofit

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 United Arab Emirates

        2. 2.4.4.2 Saudi Arabia

        3. 2.4.4.3 Qatar

        4. 2.4.4.4 Rest of Middle-East and Africa

      5. 2.4.5 Latin America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Mexico

        3. 2.4.5.3 Rest of Latin America

Commercial Aircraft Avionics Market Size FAQs

The Commercial Aircraft Avionics Market size is expected to reach USD 34.43 billion in 2024 and grow at a CAGR of 4.17% to reach USD 42.23 billion by 2029.

In 2024, the Commercial Aircraft Avionics Market size is expected to reach USD 34.43 billion.

Commercial Aircraft Avionics Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)