Avionics Market by Trends and Growth Forecast 2026

The Avionics market is expected to grow from USD 72.61 billion in 2019 to USD 103.20 billion by 2026 at a CAGR of 5.15% from 2019 to 2026.

The Avionics Market has come across important development ended the recent years and is expected to raise tremendously over the estimate period. Avionics is a term made using two words electronics and aviation. It is an electronics context utilized helicopters, planes, spacecraft, and artificial satellites. Flight frameworks incorporate administration of different frameworks, presentations, route, and correspondence of flying machine. Aircraft astronautics hold navigation, communication, show associate degreed management varied of varied of assorted systems and over many such systems area unit tailored in a craft that perform various individual functions. These systems will be easy furthermore as advanced. Fundamentally, the term astronautics could be a mixture of the word aviation and physical science. The cockpit of associate degree craft is that the main location for the position of the astronautics instrumentality like management, monitoring, communication, weather, navigation and anti-collision systems.

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The global Avionics market has been segmented as below:

By Platform

• Business Jets & General Aviation

• Helicopters

• Commercial Aviation

• Military Aviation

By System

• Software

  • Aircraft Health Diagnostic Software

  • Training & Simulation Software

  • Others

  • Safety-critical Airborne Software

  • Mission Flight Management Software

  • Flight Management Software

• Hardware

  • Emergency Systems

  • Mission & Tactical Systems

  • Inflight Entertainment Systems

  • Health Monitoring Systems

  • Collision Avoidance Systems

  • Weather Systems

  • Flight Management Systems

  • Communication Systems

  • Navigation Systems

  • Surveillance Systems

  • Electrical Systems

By End User

• Aftermarket

• OEM

By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Rivalry

Safran (France), GE Aviation (US), UTC (Collins Aerospace) (US), Honeywell International (US), Thales (France), Curtiss-Wright (US), L3 Communications (US), Meggitt (UK), and others are among the major players in the global Avionics market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

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