Commercial Aircraft Avionics Market Size (2024 - 2029)

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).