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Major players in the market include General Electric, Meggitt, Honeywell, and Thales. These companies develop avionics systems for communication, navigation, and flight control in commercial and military aircraft. They compete based on technology, reliability, integration capabilities, and cost-effectiveness while adhering to regulatory requirements and addressing cybersecurity concerns. The companies partner with aircraft manufacturers and governments to secure contracts and grow their global presence.
Major players operating in the aerospace avionics industry are:
Key players in the aerospace avionics industry include Astronautics Corporation, BAE Systems, Curtiss-Wright, Elbit Systems, Garmin, General Electric, Honeywell, L3Harris, Leonardo, Meggitt, Northrop Grumman, and Raytheon.
The North America aerospace avionics market dominated the industry and is expected to exceed USD 44.5 billion by 2034, supported by advancements in situational awareness, communication, and networking capabilities.
The commercial aviation segment accounted for over 66% of the aerospace avionics industry in 2024 and is expected to grow significantly due to the adoption of advanced avionics systems and connected technologies.
The global aerospace avionics industry was valued at USD 47.5 billion in 2024 and is projected to grow at a 9.6% CAGR from 2025 to 2034, driven by increasing demand for electric and hybrid-electric aircraft.