Europe Avionics Market Insights Forecasts to 2033

• The Europe Avionics Market Size was valued at USD 12.49 Billion in 2023.
• The Market is Growing at a CAGR of 8.52% from 2023 to 2033
• The Europe Avionics Market Size is Expected to Reach USD 28.28 Billion by 2033

The Europe Avionics Market is Anticipated to Reach USD 28.28 Billion by 2033, growing at a CAGR of 8.52% from 2023 to 2033.

Market Overview

The electronic systems utilized on aircraft are referred to as avionics, a combination of aviation and electronics. Avionic systems encompass communication, navigation, the display and control of various systems, and the numerous systems installed on aircraft to carry out specific functions. The continent's status as the home of the world's busiest airspace, accommodating over 20,000 flights daily and serving 500 million passengers, and UK's investment in defense modernization are fueling growth in its avionics market. For instance, Garmin (NYSE: GRMN) expanded the coverage of the Garmin Navigation Database in April 2024 to encompass Europe. Before this expansion, the Garmin Navigation Database was solely accessible to aircraft owners and operators in the Americas. This expansion offers European customers a reliable and convenient solution for integrating the most up-to-date aviation navigation information into their Garmin avionics.

Report Coverage

This research report categorizes the market for the Europe avionics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe avionics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe avionics market.

Driving Factors

Europe's avionics market is influenced by various factors, such as the demand for modern aircraft for both commercial and military purposes is a significant driving force. European airlines are required to comply with the stringent regulations established by the European Aviation Safety Agency (EASA). Collaborative defense projects play a crucial role in propelling the avionics market forward. The continuous advancement of aerospace technology is also a key driver. Ongoing research and development efforts are focused on creating more sophisticated aviation computer components. Commercial airlines are actively upgrading their avionics systems. Meanwhile, Germany's robust industrial base and leading aerospace manufacturers are also contributing to the growth of its avionics market.

Restraining Factors

Aircraft operations and maintenance take into account cost as a significant factor. The maintenance cost for modern-generation aircraft is exceptionally high, potentially reaching one-third of the total maintenance cost. Modern avionics are equipped with numerous LRMs and LRUs. Each LRU/LRM contains multiple printed circuit board assemblies with built-in test equipment (BITE) for continuous monitoring during flight.

Market Segmentation

The Europe avionics market share is classified into systems and components.

• The navigation systems segment is expected to hold the largest market share through the forecast period.

The Europe avionics market is segmented by system into navigation systems, communication, flight management, traffic and collision management, weather, and others. Among these, the navigation systems segment is expected to hold the largest market share through the forecast period. The growing focus on flight safety, efficiency, and accuracy has led to advancements in GPS technology and the incorporation of satellite-based augmentation systems, improving route planning and situational awareness. These systems play a vital role in minimizing fuel usage and emissions by optimizing flight routes, a critical factor for both commercial and military aviation. Furthermore, the requirement for enhanced navigation capabilities due to regulatory mandates ensures alignment with airspace modernization initiatives, contributing to the growth of this sector.

• The hardware segment is expected to dominate the Europe avionics market during the forecast period.

Based on the component, the Europe avionics market is divided into hardware and software. Among these, the hardware segment is expected to dominate the Europe avionics market during the forecast period. The modernization of aircraft systems has led to a growing need for advanced, dependable, and high-performance components. The latest developments in flight control, navigation, and communication systems are driving the replacement and upgrade of existing fleets. Furthermore, the increasing number of commercial and military aircraft, as well as the proliferation of UAVs, is boosting the requirement for advanced avionics hardware to improve safety, efficiency, and operational capabilities. This upsurge in demand for cutting-edge technology is accelerating the growth of the hardware segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe avionics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Portland General Electric Co
• Northrop Grumman Corp
• Safran SA L3
• Harris Technologies Inc
• BAE Systems PLC
• Leonardo SpA ADR
• Elbit Systems Ltd
• RTX Corp
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, Collins Aerospace received confirmation from EASA to upgrade the flight decks of Cessna Citation CJ1+/2+ aircraft with its Pro Line Fusion integrated avionics suite. These small jets originally came equipped with Pro Line 21 avionics from the factory.

• In April 2024, Panasonic Avionics' new Astrova IFE solution has been chosen by Qantas for its ultra-long-haul 'Project Sunrise' flights from the east coast of Australia to Europe and New York. These flights will be carried out using the Airbus A350-1000.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Avionics Market based on the below-mentioned segments:

Europe Avionics Market, By System

• Navigation Systems
• Communication
• Flight Management
• Traffic and Collision Management
• Weather
• Others

Europe Avionics Market, By Component

• Hardware
• Software