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The Worldwide Aircraft Interface Device Industry is Projected to Reach $354 Million by 2028
Global Aircraft Interface Device Market
Dublin, Sept. 15, 2022 (GLOBE NEWSWIRE) -- The "Aircraft Interface Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform, Connectivity, Fit Type, and Aircraft Type" report has been added to ResearchAndMarkets.com's offering.
The Aircraft Interface Device market is projected to reach US$ 354.10 million by 2028 from US$ 174.06 million in 2021; it is expected to grow at a CAGR of 11.5% from 2022 to 2028.
There has been significant growth in the commercial aviation industry in the past decade. The airlines in the developed and developing nations are ordering a high number of aircraft to meet the constantly rising air travel demand. Owing to the continuously growing disposable income among the global population, the need for air travel is also increasing rapidly. Commercial air traffic is anticipated to maintain a constant growth rate, despite various challenges, such as rising aviation fuel costs and technical faults causing accidents. These factors are propelling the growth of the aircraft interface device market.
As per the International Air Transport Association (IATA), the global commercial aviation passenger count in 2020 accounted for 1.8 billion, which is expected to rise to 7.8 billion by 2036. According to Boeing's commercial market output report, Asia Pacific is anticipated to be the highest revenue-generating region, with a contribution of 33% to the global passenger count in 2019, and it is expected to contribute up to 41% by 2040.
Additionally, the aviation industry is adopting advanced information technologies, which are anticipated to transform the decision-making capability of the industry and make the new implementations faster than before. The aircraft interface devices analysis through the European Federation of Biotechnology (EFB) uses thousands of distinct software algorithms to process radar data and raw flight plans from the ATC air traffic control system (ATC). Pertaining to these benefits, the aircraft interface device market is growing due to increase awareness related to the same.
The transition toward machine learning and increasing use of artificial intelligence to leverage big data is expected to provide the aircraft interface devices with technology to enhance their predictive analysis capabilities. Through these capabilities, the manufacturers are improving the usability of the cockpit EFB and replacing paper charts with computer screens and tablets in the cockpits.
The demand for advanced technology drives the airline industry and demands more integration of such techniques to get a smarter cockpit. The smarter cockpit helps provide better communication with ground support staff, including maintenance and dispatcher's personnel, for making better decisions associated with flight performance and weather avoidance for efficient operations and better fuel efficiency. These factors are further contributing to the growth of the aircraft interface device market.
The key players operating in the global aircraft interface device market profiled in this market study include Thales Group; Honeywell International, Inc.; AMETEK; Boeing; and Collins Aerospace.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Aircraft Interface Device Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
4.2.1.1 Large Numbers of Aircraft Manufacturers
4.2.2 Bargaining Power of Suppliers:
4.2.2.1 Supplier Concentration is Moderately Growing
4.2.3 Threats to Substitutes:
4.2.3.1 Existence of Aircraft Health Monitoring Systems and Flight Tracking Systems
4.2.4 Threats of New Entrants:
4.2.4.1 Established Players Capture the Maximum Market
4.2.5 Degree of Competition:
4.2.5.1 Large Number of Well-Established Players with Balanced Financial Status
4.3 Ecosystem Analysis
5. Aircraft Interface Device Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Aircraft Fleet Globally
5.1.2 Stimulating Demand for Advanced Technologies across Aircraft Models
5.2 Market Restraints
5.2.1 Susceptible to Cyber-Attacks
5.3 Market Opportunities
5.3.1 Growing Demand for Wireless AIDs
5.4 Future Trends
5.4.1 Increasing Number of Low-Cost Carriers
5.5 Impact Analysis of Drivers and restraints
6. Aircraft Interface Device Market - Global Analysis
6.1 Aircraft Interface Device Market Global Overview
6.2 Aircraft Interface Device Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Aircraft Interface Device Market Analysis - by Platform
7.1 Overview
7.2 Aircraft Interface Device Market Breakdown, by Platform, 2021 and 2028
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Aircraft Interface Device Market Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Aircraft Interface Device Market Revenue and Forecast to 2028 (US$ Million)
8. Aircraft Interface Device Market Analysis - by Connectivity
8.1 Overview
8.2 Aircraft Interface Device Market, by Connectivity (2021 and 2028)
8.3 Wired
8.3.1 Overview
8.3.2 Wired: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Wireless
8.4.1 Overview
8.4.2 Wireless: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
9. Aircraft Interface Device Market Analysis - by Fit Type
9.1 Overview
9.2 Aircraft Interface Device Market, by Fit Type (2021 and 2028)
9.3 Line Fit
9.3.1 Overview
9.3.2 Line Fit: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
10. Aircraft Interface Device Market Analysis - by Aircraft Type
10.1 Overview
10.2 Aircraft Interface Device Market, by Aircraft Type (2021 and 2028)
10.3 Fixed Wing
10.3.1 Overview
10.3.2 Fixed Wing: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Rotary Wing
10.4.1 Overview
10.4.2 Rotary Wing: Aircraft Interface Device Market - Revenue and Forecast to 2028 (US$ Million)
11. Aircraft Interface Device Market - Geographic Analysis
12. Aircraft Interface Device Market - COVID-19 Impact Analysis
12.1 Overview
12.1.1 North America COVID-19 Impact Analysis
12.1.2 Europe COVID-19 Impact Analysis
12.1.3 APAC COVID-19 Impact Analysis
12.1.4 MEA COVID-19 Impact Analysis
12.1.5 South America COVID-19 Impact Analysis
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 Boeing
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Collins Aerospace
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Honeywell International Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Teledyne Controls LLC.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Thales Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Viasat, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Anuvu
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Astronics Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Carlisle Companies Incorporated
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 SCI Technology, Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/z25jth
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