Aircraft Avionics Market Scope And Analysis

Report Code : TIPRE00030323
Category : Aerospace and Defense

No. of Pages : 150

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Aircraft Avionics Market Scope and Analysis Report by 2030

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Aircraft Avionics Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 41.23 Billion
Market Size by 2030	US$ 69.60 Billion
Global CAGR (2022 - 2030)	6.8%
Historical Data	2020-2022
Forecast period	2022-2030
Segments Covered	By Avionics Type Navigation Systems Communication Systems Power & Flight Management Systems Weather Monitoring System Electronic Flight Display By Aircraft Type Commercial Aircraft and Military Aircraft
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	L3Harris Technologies Inc Raytheon Technologies Corporation Curtiss Wright Corporation Honeywell International Inc General Electric Company Safran SA BAE Systems Plc Moog Inc Meggitt Plc

Recent Developments:

Inorganic and organic strategies such as product launches, mergers, and acquisitions are highly adopted by companies in the aircraft avionics market. For instance, in April 2023, GE Aerospace and AJW Group signed an agreement to provide the support for avionics and electrical power systems for B777, B737 and A320/30/40 family of aircraft models. Similarly, in December 2021, HAL (Hindustan Aeronautics Limited) signed a contract worth US$ 288 million with BEL (Bharat Electricals Limited) to supply avionics components for the LCA Tejas Mk1A fighter aircraft programme. Such factors are also driving the aircraft avionics market growth from the suppliers perspective.