The avionics market refers to the technological systems and equipment used in the aviation industry for communication, navigation, flight management, and other critical operations. It is a rapidly growing market that is driven by factors such as increasing air traffic, rising demand for automation and digitalization in the aviation sector, and the need for more efficient and safe aircraft.

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Avionics Market Size, Share, Growth Rate, Revenue, Forecast, 2032
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Avionics Market Size, Share, Growth Rate, Revenue, Forecast, 2032

The global avionics market size was valued at $48.00 Bn in 2019 & is projected to reach $75.81 Bn by 2027, exhibiting a CAGR of 9.25% during forecast period