Industry Background:
The global aircraft interface devices market is expected to witness double-digit growth during the forecast period, according to the AMA study. This is owing to rising aircraft production & deliveries and increasing retrofit operations of the old fleet of aircraft by different airlines in order to provide better service to their customers by the deployment of wireless entertainment systems. Furthermore, increasing demand for connected aircraft systems is another major factor aiding into the growth of the market globally.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Astronics Corporation (United States), Global Eagle (United States), Panasonic Avionics Corporation (United States), Teledyne Controls LLC (United States), Thales Group (France), Transdigm Group, Inc. (United States) and United Technologies Corporation (United States) |
According to AMA, the market for Aircraft Interface Devices is expected to register a CAGR of 15.3% during the forecast period to 2028. This growth is primarily driven by Increasing Global Aircraft Production and Fleet Propelled by Rising Demand & Supply of Commercial Aircraft, Growing Installation of Advanced Systems for Inflight Connectivity and Growing Demand to Reduce Aircraft Maintenance Costs and Increase the Operational Efficiency.
Globally, a noticeable market trend is evident Growing Installation of Aircraft Interface Devices in Commercial Helicopters
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Astronics Corporation (United States), Global Eagle (United States), Panasonic Avionics Corporation (United States), Teledyne Controls LLC (United States), Thales Group (France), Transdigm Group, Inc. (United States) and United Technologies Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The vendors in this market are highly focusing on developing new and innovative products in order to provide better solutions to cater to the aerospace industry needs. Moreover, the players in this market are also trying to partner with inflight connectivity and solutions providers in order to provide better service to their retained customers and expand in the global market place. For instance, in October 2015, Panasonic Avionics Corporation and Teledyne Controls announced a strategic partnership to develop an integrated connectivity solution that will enable real-time operational aircraft data transfers during flight.
Key Developments in the Market:
In March 2019, TransDigm Group Inc. announced that it has completed the acquisition of Esterline Technologies Corporation worth USD 40 billion which has a leading position as a supplier of advanced materials, avionics & controls, and sensors & systems for aerospace and defense in both OEM and aftermarket globally.
In September 2019, Astronics released an Extended Range Version web FB Smart Aircraft Interface Device. A new extended range version of the small webFB Smart Aircraft Interface Device (AID) has been released, according to Astronics Corporation, a top supplier of cutting-edge technology to the worldwide aerospace, defence, and other mission-critical industries. By allowing customers to use the webFB line outside of the flight deck and enabling real-time, secure data transfer of the aircraft, the new extended range variant improves the line's functionality.
Influencing Trend:
Growing Installation of Aircraft Interface Devices in Commercial Helicopters and Rising Adoption of Tablet-based Aircraft Interface Devices to Replace Traditional Electronic Flight Bags
Market Growth Drivers:
Increasing Global Aircraft Production and Fleet Propelled by Rising Demand & Supply of Commercial Aircraft, Growing Installation of Advanced Systems for Inflight Connectivity and Growing Demand to Reduce Aircraft Maintenance Costs and Increase the Operational Efficiency
Challenges:
Cyber Security Issues Associated with Wireless Devices and Compatibility Issues of Aircraft Interface Devices in Retrofitting of Old Generation Aircraft
Restraints:
legislative obstacles limiting entry into the landing gear market
Opportunities:
Opportunity to Diversify into Emerging Regions Such as the Asia Pacific Propelled by te Countries such as China and India due to High Demand for Commercial Aircraft in these Regions to Support Rising Passenger Traffic
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aircraft Interface Devices Market
- Analysis about New Entrants in Aircraft Interface Devices Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aircraft Interface Devices Study Sheds Light on
The Aircraft Interface Devices Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Interface Devices industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Interface Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.