Customized Avionic Systems Market Size

Customized Avionic Systems Market size is anticipated to reach USD 123 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of customized avionic systems was over USD 52 Billion. The growing requirement for real-time data, in-flight entertainment services, growing aircraft deliveries, and the expansion of new nations are all contributing to the growth of the customized avionics system market. As per a report, while European rival Airbus (AIR.PA), opens a new tab, continued to be the top planemaker for the sixth consecutive year, Boeing (BA. N), opened a new tab to fulfill its goals for the delivery of jetliners and saw 70% increase in net orders in 2023, indicating robust demand for aircraft and air travel. The growth of aircraft manufacturers, who are now able to offer a greater variety of aircraft with advancements like bit-screen panel area units and upgraded GPS systems, is another factor driving the industry.

The aviation industry's growing concerns about operational effectiveness, economic & environmental performance, aircraft safety & security, and passenger comfort are driving the market for customized avionic systems. Furthermore, the employment of avionic systems in military and high-tech aircraft will support customized avionic systems market expansion and raise demand.