by The global aerospace electronics market size was estimated to be around US$ 105.8 billion in 2022. It is projected to reach US$ 197.66 billion by 2032, indicating a CAGR of xx% from 2023 to 2032.
Key Takeaways
- By region, North America contributed more than 42% of revenue share in the aerospace electronics market in 2022. On the other hand, Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the avionics segment has held the largest market share of 35% in 2022. Meanwhile, the radar systems segment is anticipated to grow at a remarkable CAGR of 7.5% between 2023 and 2032.
- By application, the commercial aerospace segment had the largest market share of 55% in 2022. Whereas the military aerospace segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Aerospace electronics market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Aerospace electronics products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Aerospace Electronics Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 6.5% |
| Market Size in 2023 | USD 112.15 Billion |
| Market Size by 2032 | USD 197.66 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Read More: Aircraft Gearbox Market Size to Garner USD 6.03 Billion by 2032
The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Aerospace electronics market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Aerospace electronics market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Aerospace electronics products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Aerospace electronics market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Aerospace electronics market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Aerospace electronics market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Aerospace Electronics Market Players
- Honeywell International Inc.
- Thales Group
- BAE Systems
- Raytheon Technologies Corporation
- Northrop Grumman Corporation
- Safran Electronics & Defense
- L3Harris Technologies, Inc.
- Collins Aerospace (a Raytheon Technologies business)
- General Electric Company
- Cobham plc
- Moog Inc.
- Teledyne Technologies Inc.
- Garmin Ltd.
- Curtiss-Wright Corporation
- Esterline Technologies Corporation
Market Segmentations
By Type
- Avionics
- Communication, Navigation, And Surveillance (CNS) Systems
- Electronic Warfare (EW) Systems
- Radar Systems
- Space Electronics
By Application
- Commercial Aerospace
- Military Aerospace
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aerospace Electronics Market
5.1. COVID-19 Landscape: Aerospace Electronics Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aerospace Electronics Market, By Type
8.1. Aerospace Electronics Market Revenue and Volume, By Type, 2023-2032
8.1.1. Avionics
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Communication, Navigation, And Surveillance (CNS) Systems
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Electronic Warfare (EW) Systems
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Radar Systems
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Space Electronics
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Aerospace Electronics Market, By Application
9.1. Aerospace Electronics Market Revenue and Volume, By Application, 2023-2032
9.1.1. Commercial Aerospace
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Military Aerospace
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Aerospace Electronics Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, By Type (2020-2032)
10.1.2. Market Revenue and Forecast, By Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.1.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.1.4.2. Market Revenue and Forecast, By Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, By Type (2020-2032)
10.2.2. Market Revenue and Forecast, By Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.2.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.2.4.2. Market Revenue and Forecast, By Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, By Type (2020-2032)
10.2.5.2. Market Revenue and Forecast, By Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, By Type (2020-2032)
10.2.6.2. Market Revenue and Forecast, By Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.3.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.3.4.2. Market Revenue and Forecast, By Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, By Type (2020-2032)
10.3.5.2. Market Revenue and Forecast, By Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, By Type (2020-2032)
10.3.6.2. Market Revenue and Forecast, By Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.4.2. Market Revenue and Forecast, By Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.4.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.4.4.2. Market Revenue and Forecast, By Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, By Type (2020-2032)
10.4.5.2. Market Revenue and Forecast, By Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, By Type (2020-2032)
10.4.6.2. Market Revenue and Forecast, By Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, By Type (2020-2032)
10.5.2. Market Revenue and Forecast, By Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, By Type (2020-2032)
10.5.3.2. Market Revenue and Forecast, By Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, By Type (2020-2032)
10.5.4.2. Market Revenue and Forecast, By Application (2020-2032)
Chapter 11. Company Profiles
11.1. Honeywell International Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Thales Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. BAE Systems
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Raytheon Technologies Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Northrop Grumman Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Safran Electronics & Defense
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. L3Harris Technologies, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Collins Aerospace (a Raytheon Technologies business)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. General Electric Company
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Cobham plc
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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