Europe Aircraft Avionics Market Size (2024 - 2029)

The Europe Aircraft Avionics Market is poised for growth, driven by the development and integration of advanced avionic suites in both new and existing aircraft. The increasing number of air travelers, heightened investment in aviation infrastructure, and a rise in aircraft deliveries are key factors contributing to the expansion of the market. Additionally, the demand for military and private aircraft, along with the need to upgrade outdated avionics systems, is further propelling market growth. Modernization plans by allied military forces to enhance aircraft capabilities for contemporary battlefield requirements are also significant contributors to the market's expansion.

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Market Size of Europe Aircraft Avionics Industry

Europe Aircraft Avionics Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 18.46 Billion
Market Size (2029) USD 25.32 Billion
CAGR (2024 - 2029) 5.37 %
Market Concentration Medium

Major Players

Europe Aircraft Avionics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Aircraft Avionics Market Analysis

The Europe Aircraft Avionics Market size is estimated at USD 18.46 billion in 2024, and is expected to reach USD 25.32 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).

  • The development and integration of advanced avionic suites onboard aircraft (both line fit and retrofit) are expected to accelerate the growth of the avionics market in the Europe region. An increasing number of air travelers, rising spending on aviation infrastructure, and growing aircraft deliveries drive the market growth across the region. The planned orders and deliveries of commercial aircraft of major airlines in the European region will generate demand for avionics in the region.
  • Also, the demand for military aircraft, as well as private aviation in the region, is expected to bolster the growth of the market. The development of new and advanced avionics is generating the need to replace old avionics systems in older military aircraft. These new avionics suites support the aircraft to meet the newer generation battlefield requirements like long-distance target detection and tracking, stealth, and electronic warfare defense. Therefore, to stay abreast of adversaries, allied military forces are devising modernization plans to upgrade the avionics suites in the military aircraft.

Europe Aircraft Avionics 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 European avionics market is segmented based on application and geography. By application, the market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. General aviation aircraft, including helicopters, business jets, and turboprop aircraft, among others, are included in the study. The report also covers the market size and forecasts for the Europe avionics market in 4 countries across the region (United Kingdom, Germany, France, Russia, and the Rest of Europe). 

For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).

Application
Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Geography
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
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Europe Aircraft Avionics Market Size Summary

The European aircraft avionics market is poised for significant growth, driven by the development and integration of advanced avionic systems in both new and existing aircraft. This growth is fueled by an increasing number of air travelers, heightened investment in aviation infrastructure, and a surge in aircraft deliveries across the region. The demand for avionics is further bolstered by planned orders and deliveries of commercial aircraft by major European airlines, as well as the need for modernization in military and private aviation sectors. The replacement of outdated avionics systems in older military aircraft to meet modern battlefield requirements is also contributing to market expansion. As allied military forces upgrade their avionics suites to maintain a competitive edge, the market is expected to see robust growth during the forecast period.

In the United Kingdom, the aviation sector is experiencing steady growth, with a rising number of air passengers driving demand for new commercial aircraft. UK-based airlines are expanding their fleets with new widebody and narrowbody aircraft to accommodate this growth. The market is characterized by a semi-consolidated structure, with a few key players like Safran, Cobham plc, and RTX Corporation holding significant market shares. These companies have established long-term contracts with major aircraft OEMs, making it challenging for new entrants to penetrate the line-fit segment. However, there is ample opportunity in the retrofit segment, where global and regional players provide various avionics solutions. Recent contracts and agreements, such as those involving Leonardo S.p.A and BAE Systems PLC, highlight ongoing investments and developments in the region, further driving market growth.

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Europe 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 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Commercial Aircraft

      2. 2.1.2 Military Aircraft

      3. 2.1.3 General Aviation Aircraft

    2. 2.2 Geography

      1. 2.2.1 Europe

        1. 2.2.1.1 United Kingdom

        2. 2.2.1.2 France

        3. 2.2.1.3 Germany

        4. 2.2.1.4 Russia

        5. 2.2.1.5 Rest of Europe

Europe Aircraft Avionics Market Size FAQs

The Europe Aircraft Avionics Market size is expected to reach USD 18.46 billion in 2024 and grow at a CAGR of 5.37% to reach USD 25.32 billion by 2029.

In 2024, the Europe Aircraft Avionics Market size is expected to reach USD 18.46 billion.

Europe Aircraft Avionics Market Report Snapshots

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