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Avionics Industry Set to Soar Into 2032 Amid M&A Boom and Tech Advancements

June 2, 2025

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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