Avionics industry is a highly technology-intensive industry, and technological innovation is the core driving force for the development of the industry. With the recovery and growth of the global aviation market, the avionics industry is also facing higher technical requirements and more technical challenges, such as improving aircraft performance, safety and efficiency, reducing aircraft weight, energy consumption and emissions, meeting the diversified and individualized needs of aircraft, adapting to the networked and intelligent development of aircraft. In order to cope with these technological needs and challenges, enterprises in the avionics industry have increased their investment in technological research and development, promoting the continuous innovation and progress of avionics technology.
The global avionics market is mainly monopolized by several large enterprises in the U.S. and Europe, which have rich experience, strong technical strength, extensive customer resources and stable market position in the field of avionics, forming a high industry barrier. As one of the world's largest civil aviation markets, China's avionics industry is relatively lagging behind in its development and is mainly dependent on imports.In 2022, the localization rate of avionics System used in China's civil aircraft will still be relatively low, with import dependence as high as 85%.
According to authoritative consulting data, the global avionics System market is expected to grow at a steady CAGR of 6.7% from 2023-2028 to reach USD 38.69 billion by 2028. Among them, the civil avionics System market will grow at a CAGR of 6.5% to reach USD 25.49 billion by 2028.
Under this background, it is of great practical significance and practical demand that the forum is held in Shanghai, a well-known aviation industry town. The forum aims to face the current severe international situation and the development challenges of the "14th Five-Year Plan" and the 2035 Vision, mobilize all parties in the industry to collaborate and seize the opportunity to jointly promote the rapid development of China's avionics industry.