Global Commercial Avionics Systems Market Analysis 2023 – Market Size And Key Drivers

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Commercial Avionics Systems Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
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Commercial Avionics Systems Market Segments
The Business Research Company segments its
Commercial Avionics Systems market report as
Flight Management And Control, Health Monitoring,
Electrical And Emergency, Communication
Navigation And Surveillance
By Sub System
By Fit
Retrofit, Forward Fit
By Aircraft Type
Narrow Body, Wide Body, Regional and Business
Jet, Freighter
By Industry
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Market Statistics
The global commercial avionics systems market
size grew from 26.96 billion in 2022 to 27.77
billion in 2023 at a compound annual growth rate
(CAGR) of 3.0. The market size of the global
commercial avionics systems is expected to grow
to 32.03 billion in 2027 at a CAGR of 3.6.
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Key Market Drivers And Trends
Drivers
An increase in the number of airline passengers
is expected to propel the growth of the
commercial avionics systems market going forward.
Trends
The growing adoption of next-generation flight
management systems (NGFMS) is a key trend gaining
popularity in the commercial avionics systems
market.
Region
North America was the largest region in the
control valve market. The regions covered in the
global control valve market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Commercial Avionics Systems
  market are
• BAE Systems PLC
• General Electric
• Honeywell International Inc.
• L3 Harris Technologies
• Meggitt PLC
• And more.

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   Business Research Company, with data from 2017 to
   2023 and forecasts up to 2032.
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5. Benchmark performance against key competitors.

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