Avionics Market Expected to Reach $92.85 Billion by 2022

This report provides an analysis of the avionics market for the next five years. It covers industry and technology trends currently prevailing in the avionics market. It analyzes factors that drive and restrain the growth of the avionics market as well as the challenges currently prevailing in the market. The avionics market is projected to grow from USD 62.22 billion in 2016 to USD 92.85 billion by 2022, at a CAGR of 6.90% from 2016 to 2022. One of the key drivers for the growth of the avionics market is the growth in the general aviation avionics retrofit activities.

Download PDF Brochure:


Among subsystems, the flight control & management system segment of the avionics market is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increased demand for sophisticated and advanced avionics components in the avionics market.

Browse 59 market data tables and 76 figures spread through 167 pages and in-depth TOC on “Avionics Market”

Early buyers will receive 10% customization on this report.

Based on fit, the retrofit segment is estimated to lead the avionics market, which is also projected to grow at the highest CAGR during the forecast period. The high growth in avionics retrofit activities can be attributed to the new mandates for Automatic Dependent Surveillance Broadcast (ADS-B) and Enhanced Vision System (EVS).

Based on platform, the UAV segment of the avionics market is projected to grow at the highest CAGR during the forecast period. Key factors fueling the growth of the UAV avionics market include increasing demand for UAVs for commercial applications, advancements in technologies of drone payloads, and increasing defense budgets of emerging economies.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Countries in this region include China, India, Japan, and Rest of Asia-Pacific. High air passenger traffic leading to the increase in the number of aircraft deliverers is expected to boost the avionics market in Asia-Pacific.

Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Thales Group (France), Rockwell Collins, Inc. (U.S.), Thales Group (France), and Cobham Plc (U.K.) are expected to be the leading players in the avionics market during the forecast period.

Inquiry before buy:


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Company: MarketsandMarkets
Contact: Mr. Shelly Singh
Phone: 1-888-600-6441
Email: sales@marketsandmarkets.com

You May Also Like