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 projected for substantial growth, expected to reach $82.3 billion by 2030 with a compound annual growth rate of 7.9 percent.
This growth is primarily driven by advancements in digital technology like AI and data analytics, increased demand for autonomous and connected aircraft, and expansion in emerging markets.
Special mission aircraft and power/data management systems are singled out as key segments contributing to market expansion, fueled by government, military, and private sector demand.
North America is anticipated to remain the leading region in the avionics industry due to its advanced companies, high demand for retrofits, and innovations in surveillance and navigation systems.

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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.