“According to the Federal Aviation Administration (FAA), the aircraft certification service is concerned with the approval of software and airborne electronic hardware for airborne systems (e.g., autopilots, flight controls, engine controls), as well as that used to produce, test, or manufacture equipment to be installed on airborne products. The FAA Aircraft Certification Service develops policy, guidance and training for software and airborne electronic hardware that has an effect on the airborne product.”
The article cited AMA's "Global Aircraft Computers Market Study" explored CAGR of 5.8%. According to the report, Emphasizing On Development of New and Advanced Aircraft Computers is one of the primary growth factors for the market. Increasing Number of Aircraft Deliveries
is also expected to contribute significantly to the Aircraft Computers market. Overall, applications of Aircraft Computers, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Platform, such as Fixed-wing Aircraft [Commercial Aviation (Narrow Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft), General Aviation (Business Aircraft, Light Aircraft), Military Aviation (Fighter Aircraft, Transport Aircraft), Rotary-wing Aircraft (Civil Helicopters, Military Helicopters), Unmanned Aerial Vehicles (UAV)], is boosting the Aircraft Computers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Hardware, is boosting the Aircraft Computers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as OEM, is boosting the Aircraft Computers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Aircraft Computers market identified that the demand is rising in many different parts of the world as "Upgradation of Existing Aircraft Fleet
". Furthermore, some recent industry insights like "On 6 October 2022, Honeywell launches ‘cloud connected’ integrated avionics system Anthem.Honeywell has developed a new line of avionics that the company says is lighter and more intuitive than current systems and that significantly advances the state of avionics connectivity and autonomy, potentially one day allowing for fewer pilots in the cockpit.The company revealed its new “Anthem” flight deck. Anthem can be adapted to any class of aircraft – from small in-development air taxis to general aviation types, business jets to commercial airliners" which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Aircraft Computers market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Aircraft Computers market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Aircraft Computers market size is calculated using market estimation process, the Aircraft Computers market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Aircraft Computers market size has been validated using both top-down and bottom-up approaches.