Avionics Market Set to Surge to $85 Billion by 2030

The avionics market is poised for significant growth, forecasted to reach $85.29 billion by 2030, propelled by regulatory mandates and technological advancements. The implementation of ADS-B systems, particularly in commercial aviation, is driving the upgrade of avionics equipment.

Military modernization efforts are also contributing to this surge, as nations invest in advanced systems to enhance operational safety and situational awareness. Unmanned Aerial Vehicles (UAVs) are reshaping the industry, necessitating compact avionics systems for autonomous operations.

Additionally, the aerospace data recorder market is on track to expand, reaching $2.3 billion by 2025, driven by safety enhancements and AI integration. The military training aircraft sector is set for growth as defense budgets increase, with a projected market size of $14.8 billion by 2033. Furthermore, the aviation asset management market is expected to grow substantially, aided by innovations like blockchain and IoT.

Together, these sectors reflect a dynamic landscape in the aviation industry, characterized by technological evolution and rising demands.