New Delhi, Feb. 20 -- The global avionics and advanced electronics systems market is poised to nearly double, reaching USD 63.34 billion by 2030 from USD 34.9 billion in 2020, according to a report by Anand Rathi Advisors Limited.

The robust growth underscores the dynamic expansion of the aerospace sector, with India emerging as a key player on the global stage.

The Maintenance, Repair, and Overhaul (MRO) sector, crucial for aircraft safety and airworthiness, is also on a growth trajectory, expected to hit USD 110 billion globally by 2028.

India, eyeing a larger share in this sector, currently outsources 90 per cent of its MRO services-signaling immense potential for domestic growth.

"With the rapid expansion of the global fleet, adva...