Top Avionics Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Avionics Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Avionics industry players.

Avionics Market Competitive Landscape

Global avionics market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Players in Avionics Market

  • Honeywell International Inc. 
  • Thales Group 
  • Garmin Ltd. 
  • BAE Systems 
  • Raytheon Technologies Corporation 
  • L3Harris Technologies, Inc. 
  • General Electric Company (GE Aviation) 
  • Safran S.A. 
  • Northrop Grumman Corporation 
  • Elbit Systems Ltd. 
  • Leonardo S.p.A. 
  • Diehl Aerospace GmbH 
  • Curtiss-Wright Corporation 
  • Cobham Limited 
  • Universal Avionics Systems Corporation 
  • Meggit PLC 
  • Astronics Corporation 
  • Esterline Technologies Corporation 
  • Teledyne Technologies Incorporated 
  • Avidyne Corporation 

Avionics Market

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Avionics Market size was valued at USD 50.72 Billion in 2023 and is poised to grow from USD 54.52 Billion in 2024 to USD 97.24 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).

Global avionics market is highly competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Honeywell International Inc. ', 'Thales Group ', 'Garmin Ltd. ', 'BAE Systems ', 'Raytheon Technologies Corporation ', 'L3Harris Technologies, Inc. ', 'General Electric Company (GE Aviation) ', 'Safran S.A. ', 'Northrop Grumman Corporation ', 'Elbit Systems Ltd. ', 'Leonardo S.p.A. ', 'Diehl Aerospace GmbH ', 'Curtiss-Wright Corporation ', 'Cobham Limited ', 'Universal Avionics Systems Corporation ', 'Meggit PLC ', 'Astronics Corporation ', 'Esterline Technologies Corporation ', 'Teledyne Technologies Incorporated ', 'Avidyne Corporation '

The avionics systems market was profoundly impacted by technological advancements. Additionally, advancements in in-flight entertainment, glass cockpits, and health monitoring systems helped the market expand. The market is expanding primarily due to an increase in demand for data analytics in the aviation sector, especially in North America and Europe where the sector is sufficiently developed to support such improvements. Faster data processing speed made possible by real-time data analytics helps in industry decision-making. This component is anticipated to have a big impact in the future.

The development and integration of cutting-edge flight control systems onboard the next-generation aircraft, which are expected to enter service in the upcoming years, is being done in collaboration between the aircraft OEMs and the avionics makers. In order to improve the autonomous operations of manned and unmanned aircraft, firms are also concentrating on integrating cutting-edge technology like artificial intelligence (AI) and large data into computers.

North America is expected to control the Avionics market share. Factors impacting the growth of the avionics market in the North American area include the rising demand for aircraft for commercial purposes and their expanding value in the defense sector to conduct transport and surveillance duties.

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Global Avionics Market
Avionics Market

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