Scope of the Study
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.
The market study is being classified by Type (Wired and Wireless), by Application (Electronic Flight Bag Integration, In-flight Entertainment Systems, Data Management, Firewall Protection and Others) and major geographies with country level break-up. According to AMA, the Global Aircraft Interface Devices market is expected to see growth rate of 15.3%
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) are some of the key players profiled in the study.
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. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aircraft Interface Devices market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Aircraft Interface Devices market by Type, Application and Region.
On the basis of geography, the market of Aircraft Interface Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Global Aircraft Production and Fleet Propelled by Rising Demand & Supply of Commercial Aircraft
- Growing Installation of Advanced Systems for Inflight Connectivity
- Growing Demand to Reduce Aircraft Maintenance Costs and Increase the Operational Efficiency
- Growing Installation of Aircraft Interface Devices in Commercial Helicopters
- Rising Adoption of Tablet-based Aircraft Interface Devices to Replace Traditional Electronic Flight Bags
- 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
- Cyber Security Issues Associated with Wireless Devices
- Compatibility Issues of Aircraft Interface Devices in Retrofitting of Old Generation Aircraft
Market Leaders and their expansionary development strategies
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.
Analyst CommentThe global aircraft interface devices market is highly consolidated with the presence of less than 20 players globally. The expected demand of deliveries by major aircraft OEMs such as Boeing and Airbus is expected to drive the demand for aircraft interface devices during the forecast period. For instance, Boeing has predicted that there will be more than 40,400 aircraft deliveries during the year 2018-2037 which will further drive the market globally during the forecast period.
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