What Happened
Growing Demand for Integrated Systems and Connected Aircraft
The aircraft avionics market is expected to grow significantly over the next five years, driven by increasing demand for commercial aviation, unmanned aerial systems, and integrated systems. The market is forecast to reach $96.38 billion by 2032, with the Asia-Pacific region expected to grow at a 7.12% CAGR. Flight management and control systems held the largest market share in 2026, while visualization and display systems are expected to grow at a 7.23% CAGR through 2032. This growth may be driven by the need for more efficient and connected systems, as well as the increasing importance of certification and airworthiness approval. According to Mordor Intelligence, the market is moderately consolidated among tier-1 suppliers, with Honeywell Aerospace, Collins Aerospace, and Thales Group being major players.