The Aerospace Avionics Global Market Report 2023, provides comprehensive information on the aerospace avionics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aerospace avionics market size is expected to grow from $75.60 billion in 2022 to $78.14 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global aerospace avionics is expected to reach $91.37 billion in 2027 at a CAGR of 4.0%.
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Product innovations are a key trend gaining popularity in the aerospace avionics market. Major companies operating in the aerospace avionics market are focused on developing innovative products to strengthen their position. For instance, in March 2022, Flightcell International, Ltd., a New Zealand-based leader in airborne communications operating in aerospace avionics launched the cockpit recording solution “SmartHUB.” The unique features it offers are HD (high definition) video and audio, an access point for USB (universal serial bus) and IP (internet protocol) devices, and a flight data recorder. The system is expected to monitor different parameters like GPS (global positioning system) position data, pressure, altitude, turn rate, altitude, speed, g-force, and roll.
The aerospace avionics market is segmented:
1) By Systems: Flight Control System, Communication System, Navigation System, Monitoring System, Others Systems
2) By Application: Commercial Aviation, Military Aviation, Business Jets And General Aviation
3) By Distribution Channel: OEM, Aftermarket
Top Major Players
Thales Group
L3Harris Technologies Inc.
Airbus SAS
Boeing Co
BAE Systems
North America was the largest region in the aerospace avionics market in 2022.
The table of contents in TBRC’s aerospace avionics market report includes:
1. Executive Summary
2. Aerospace Avionics Market Characteristics
3. Aerospace Avionics Market Trends And Strategies
4. Aerospace Avionics Market – Macro Economic Scenario
5. Aerospace Avionics Market Size And Growth
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26. Africa Aerospace Avionics Market
27. Aerospace Avionics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Avionics Market
29. Aerospace Avionics Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Aerospace Avionics Market, Segmentation By Systems, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Aerospace Avionics Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Aerospace Avionics Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Thales Group Financial Performance
Table 47: L3Harris Technologies, Inc Financial Performance
Table 48: Airbus SAS Financial Performance
Table 49: Boeing Co Financial Performance
Table 50: BAE Systems Financial Performance
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