Report: Avionics Industry to Hit $82B by 2030

Researchers see advancements in digital technology, including AI, powering future growth.

Zach Vasile

Tuesday, June 03, 2025 at 02:00 PM ET

Verified

Edited By:

Ryan Ewing

Avionics on an aircraft [Credit: CanvaPro]

Key Takeaways:

The avionics market is forecast for substantial growth, reaching $82.3 billion by 2030 with a 7.9 percent compound annual growth rate.
This growth is driven by advancements in digital technologies like AI and data analytics, increased demand for autonomous aircraft, and the expansion of emerging markets.
Special mission aircraft (for surveillance, reconnaissance, disaster response) and power/data management systems are identified as key growth areas.
North America is expected to maintain its dominance in the avionics industry, attributed to its advanced companies and high demand for retrofits and innovation.

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The avionics market is undergoing substantial growth and is expected to be worth $82.3 billion by 2030, according to a new report from research and management consulting firm MarketsandMarkets.

Market revenue for the industry this year is expected to reach $56.2 billion, and if MarketsandMarkets’ prediction holds true, the sector will see a compound annual growth rate of 7.9 percent over the coming five years.