DUBLIN, April 26, 2023 /PRNewswire/ — The “Aircraft Interface Devices – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Aircraft Interface Devices Market to Reach $476.4 Million by 2030
In the changed post COVID-19 business landscape, the global market for Aircraft Interface Devices estimated at US$181.4 Million in the year 2022, is projected to reach a revised size of US$476.4 Million by 2030, growing at a CAGR of 12.8% over the analysis period 2022-2030. Civil, one of the segments analyzed in the report, is projected to record 12.7% CAGR and reach US$320.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Military segment is readjusted to a revised 13% CAGR for the next 8-year period.
The U.S. Market is Estimated at $53.1 Million, While China is Forecast to Grow at 11.9% CAGR
The Aircraft Interface Devices market in the U.S. is estimated at US$53.1 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$80.4 Million by the year 2030 trailing a CAGR of 11.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 10.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aircraft Interface Device (AID): An Introductory Prelude
- Robust Growth on the Cards for AID Market
- Prevailing Scenario in the World Aircraft Industry Strongly Suggests High-Growth Opportunities
- Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand
- Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
- Progressive Momentum in Business Jet Segment Amplifies Opportunities
- Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
- Surging Orders for Sophisticated Fighter Aircraft and UAVs
- Aircraft Interface Devices – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Northbound Trajectory in Aircraft Health Monitoring (AHM) Vertical Generates Parallel Opportunities to AID Solutions
- Critical Importance of Flight Data Monitoring & Management Widens AID’s Use Case
- AID Market Senses High Growth Opportunities by Dint of Growing Role of Electronic Flight Bags (EFBs) in Modern Aircraft
- EFB with Real-Time Reporting Capabilities Set to Amplify Deployments: Select Recent Developments in Real-Time EFB Vertical
- Pacelab FPO EFB from PACE to Provide Real-Time Flight Optimisation Updates
- SITAONAIR’s EFB App to Deliver Real-Time Weather on SB-S
- Latest FAA Guidelines Further Widen the Role of EFBs
- Steady Growth Forecasts for EFBs
- Rising Investments on In-flight Entertainment & Connectivity (IFEC) Accelerate AID Deployments
- Rise of High-Speed Communication Networks in Modern Aircraft
- Telecom Companies & Aerospace IT Vendors Come Together to Deliver Advanced Connectivity Solutions: A Review of Select Best-in-Class Aircraft Communication Platforms
- Panasonic NEXT Online Offers High-Performance Connectivity in Passenger, Crew & Flight Deck Applications
- European Aviation Network: High-Quality Pan-Europe Broadband Service from Inmarsat and Deutsche Telekom
- Inmarsat’s SB-S Secure IP Connection for Operations and Safety Communications
- GX Aviation’s Uninterrupted High-Speed Wi-Fi Service Powered by Global Xpress Satellite Network
- Inmarsat’s Classic Aero Communications Service for Reliable Cockpit Safety
- Sustained Emphasis on Aircraft eEnablement Sets the Tone for Aggressive Uptake of AID
- Emergence of Reliable New Technologies Accelerates Evolution of Connected Aircraft
- AID Poised to Gain from Sustained Focus on Aviation Automation
- Higher Rewards than Potential Risks Steer Momentum in Automation Drive
- Cockpit Remains the Primary Focus Area in Aircraft Automation Strategies
- Progressive Trend in Avionics Sector Underscores Expansion in AID Market
- Healthy Trajectory in MRO Services Domain Boosts Market Prospects
- Evolving Role of Predictive Maintenance & Predictive Analytics: A Business Case
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
- Arconics Corp.
- Astronics Corporation
- Esterline Technologies Corporation
- Teledyne Controls LLC
- United Technologies Corporation (UTC)
For more information about this report visit https://www.researchandmarkets.com/r/e0gw1a
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SOURCE Research and Markets
