The global avionics industry, valued at approximately USD 91.32 billion in 2023, is forecast to surge to USD 179.44 billion by 2032, growing at a robust compound annual growth rate (CAGR) of 7.67%, according to a new report by Fortune Business Insights. In 2023, North America emerged as the dominant regional market, holding a commanding 37.25% share of the global revenue.
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