Avionics Companies

The avionics market is expected to reach USD 82.33 billion by 2030, from USD 56.22 billion in 2025, at a CAGR of 7.9%. This growth is driven by a dynamic landscape characterized by innovation, regulatory requirements, and industry collaborations. As aviation technology continues to advance, the demand for state-of-the-art avionics systems increases, largely due to the ongoing evolution of global navigation satellite systems, the growing need for compliance with stringent safety standards, and the rising incorporation of connectivity solutions to accommodate the elevated demand for in-flight communication. Opportunities in the market are linked to the expansion of both commercial and military aircraft fleets, providing avionics manufacturers the chance to equip new platforms with advanced avionics systems. Upgrades and retrofits for existing fleets also provide a lucrative avenue as operators look to modernize older aircraft.

RTX (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), General Electric (US), Thales (France),  Curtiss-Wright Corporation (US),  Elbit Systems Ltd (Israel), Northrop Grumman Corporation (US),  Bae Systems (UK),   Garmin Ltd (US),   Transdigm Group (US),  Leonardo SpA (Italy),   Astronautics Corporation Of America (US),   Meggit PLC (UK),  and Safran SA (France)  are the top companies in the avionics market. To strengthen their market position, these companies have implemented various growth strategies, including product launches, contracts, partnerships, and agreements related to avionics.

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Major Avionics Companies Include:

• RTX (US)
• Honeywell International Inc. (US)
• L3Harris Technologies Inc. (US)
• General Electric (US)
• Thales (France)
• Curtiss-Wright Corporation (US)
• Elbit Systems Ltd (Israel)
• Northrop Grumman Corporation (US)
• Bae Systems (UK)
• Garmin Ltd (US)
• Transdigm Group (US)
• Leonardo SpA (Italy)
• Astronautics Corporation Of America (US)
• Meggit PLC (UK)
• Safran SA (France)

RTX (US)

RTX is an aerospace & defense technology company that provides advanced systems and services for commercial, military, and government customers worldwide. The company has vast experience in flight deck avionics, cabin electronics, mission communications, simulation & training, and information management services. Its hardware, software, and service offerings encompass cabin management, communications, displays & surveillance systems, flight controls, information management services, integrated avionics mission & training solutions, navigation, and global service & support. RTX offers solutions to North America, Asia Pacific, Europe, and the Middle East.

Honeywell International Inc. (US)

Honeywell International Inc. is a leading software company that provides technology-based solutions to increase the efficiency and sustainability of businesses. The company operates through four segments: Aerospace, Building Technologies, Performance Materials, and Security & Productivity Solutions. The Aerospace segment offers auxiliary power units, propulsion engines, environmental control systems, electric power systems, engine controls, flight safety systems, communication systems, navigation systems, radar & surveillance systems, aircraft lighting, management & technical services, logistics services, advanced systems & instruments, aircraft wheels & brakes, repair & overhaul services, turbochargers & thermal systems, and helicopters. Its core competencies include improved operational efficiency and a strong global distribution network. Honeywell has 41 subsidiaries worldwide.

L3Harris Technologies, Inc. (US)

L3Harris Technologies, Inc. is a technology company that manufactures command & control systems, wireless equipment, tactical radios, avionics & electronic systems, night vision equipment, and terrestrial & spaceborne antennas for the government, defense, and commercial sectors. The company operates through four segments: Integrated Mission Systems, specializing in mission-critical systems for the US Department of Defense; Space & Airborne Systems, offering space and airborne solutions for government and commercial clients; Communication Systems, providing communication systems; and Aerojet Rocketdyne, supplying rocket propulsion systems. It excels in delivering integrated avionic solutions, with a focus on communication systems, navigation equipment, mission systems, and cockpit displays. L3Harris is renowned for its technological innovations, addressing increasing military and commercial aircraft demands.

General Electric Company (US)

General Electric Company is an American multinational conglomerate operating through four segments: Aviation, Healthcare, Renewable Energy, and Power. Within the Aviation segment, the company offers a wide range of avionics products and solutions and is recognized as a significant player in the avionics market. GE Aviation, a General Electric subsidiary, is a key supplier of avionics components and systems. The company's avionics offerings encompass flight management systems, navigation equipment, communication systems, and engine monitoring solutions. Its commitment to innovation is evident in its development of cutting-edge avionic technologies, contributing to the improved efficiency, safety, and performance of both commercial and military aircraft. The company has production plants worldwide and services clients in North America, Europe, Asia, the Middle East, and Africa.

Thales (France)

Thales is a multinational technology company specializing in electronic equipment and systems. The company operates through four segments: Defense and Security, Digital Identity and Security, Aerospace, and Transport. It provides solutions to companies, organizations, and governments for critical missions. Recognized for cutting-edge solutions, especially in avionics, Thales contributes significantly to the modernization of aircraft capabilities. The company offers a comprehensive suite of avionics components and systems for civil and military aviation needs. It invests heavily in research and development, delivering advanced solutions aligned with the aerospace industry's evolution. The company's comprehensive range includes flight deck avionics, flight instruments, software functions, and simulation tools. It also provides avionics services, covering repair, retrofit, spare support, and aftermarket solutions for comprehensive lifecycle support.

Market Ranking Analysis, 2024

The ranking of the top five players in the avionics market is based on a thorough analysis of their financial performance across various business segments, the breadth of their product portfolios, and the capabilities of individual products. The evaluation also considers their recent activities, such as product innovations, geographic expansions, and technology development. These companies are ranked according to several criteria, including revenues generated from avionic sales, the diversification and differentiation of their product offerings, and strategic initiatives like agreements, collaborations, and partnerships aimed at strengthening their market presence. The leaders in this market are those who consistently deliver innovative technologies, expand into new regions, and maintain strong customer relationships.

Additionally, players with a strong presence in high-growth markets and a proactive approach to innovative avionics systems and technologies are well-positioned in the competition. Their capability to meet diverse market demands, secure large-scale orders, and invest in research and development has further solidified their competitive standing. Furthermore, dominance in key strategic regions and the effectiveness of their international distribution networks have been crucial in shaping the current rankings.

 Related Reports:

Avionics Market Systems (Navigation, Payload & Mission Management, Traffic and Collision Management, Communication, Weather Detection, Power & Data management, Flight Management, Electronic Flight Display), Platform, Fit and Region - Forecast to 2030

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