The global avionics market, valued at $91.53 billion in 2025, is projected to grow to $147.67 billion by 2035 at a CAGR of 4.90%. Growth is fueled by increasing air travel, demand for fuel-efficient aircraft, AI-enabled avionics, and fleet modernization. North America leads the market, with Asia Pacific as the fastest-growing region. Major companies like Honeywell and Collins Aerospace are advancing integrated avionics systems to enhance aircraft efficiency and connectivity.
Raytheon successfully demonstrated its Next Generation Short Range Interceptor (NGSRI), designed to replace the Stinger missile for the U.S. Army. The demo showed the missile's improved range, precision, and lethality, using advanced optics and a new...
Pratt & Whitney has enhanced its engine inspection process by acquiring Amsterdam-based Aiir Innovations and integrating its AI-assisted borescope software. This technology improves the consistency and efficiency of inspections for commercial, civil,...
