Mumbai, Feb. 20 -- The global avionics and advanced electronics systems market is expected to reach USD 63.34 billion by 2030, nearly doubling from USD 34.9 billion in 2020, according to a report by financial advisory firm Anand Rathi.

The maintenance, repair and overhaul (MRO) sector plays a critical role in ensuring aircraft safety and airworthiness and is projected to reach USD 110 billion globally by 2028.

Samir Bahl, CEO of Investment Banking at Anand Rathi Advisors Limited, stated, "With the rapid expansion of the global fleet, advanced manufacturing, and a flourishing MRO sector, India is on track to becoming a global aerospace powerhouse."

He added, "As the industry embraces precision engineering, digital transformation, and au...