Avionics, a portmanteau of aviation and electronics, encompasses the electronic systems used on aircraft, spacecraft, and artificial satellites. This sophisticated market includes critical systems for communication, navigation, flight control, flight management (FMS), surveillance, weather detection, and electronic flight displays. They are vital for ensuring the safety, efficiency, and reliability of all modern aerial vehicles, from commercial airliners and military jets to Unmanned Aerial Vehicles (UAVs) and new Urban Air Mobility (UAM) platforms.
Global Avionics Market is projected for robust expansion. Revenue is forecasted to grow from approximately USD 54.4 billion in 2025 to over USD 109 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of around 7.9% to 9.08% across the 2026–2033 forecast period. This growth is sustained by fleet upgrades and high demand in the rapidly developing Asia-Pacific region.