Market Size of Europe Aircraft Avionics Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 18.46 Billion |
| Market Size (2029) | USD 25.32 Billion |
| CAGR (2024 - 2029) | 5.37 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Aircraft Avionics Market Analysis
The Europe Aircraft Avionics Market size is estimated at USD 18.46 billion in 2024, and is expected to reach USD 25.32 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).
- The development and integration of advanced avionic suites onboard aircraft (both line fit and retrofit) are expected to accelerate the growth of the avionics market in the Europe region. An increasing number of air travelers, rising spending on aviation infrastructure, and growing aircraft deliveries drive the market growth across the region. The planned orders and deliveries of commercial aircraft of major airlines in the European region will generate demand for avionics in the region.
- Also, the demand for military aircraft, as well as private aviation in the region, is expected to bolster the growth of the market. The development of new and advanced avionics is generating the need to replace old avionics systems in older military aircraft. These new avionics suites support the aircraft to meet the newer generation battlefield requirements like long-distance target detection and tracking, stealth, and electronic warfare defense. Therefore, to stay abreast of adversaries, allied military forces are devising modernization plans to upgrade the avionics suites in the military aircraft.
