Avionics Systems Market To Reach USD 41860 Million By 2027 at a CAGR of 4.6%| Valuates Reports
The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.
- The global Avionics Systems market was valued at USD 30630 million in 2020 and it is expected to reach USD 41860 million by the end of 2027, growing at a CAGR of 4.6% during 2021-2027.
- The Avionics Systems Market is anticipated to be driven by the increasing need for hardware systems in airplanes.
- With a market share of over 45%, North America is the world's biggest producer of avionics systems.
- The increased need for cutting-edge avionics systems for both military and commercial applications is predicted to lead to a sizable market expansion.