Aerospace Industry Today
The Market of Aircraft Interface Device to experience an impressive growth of 12.5% CAGR during 2017-2022
The new report of Stratview Research analyses the Aircraft Interface Device market over the trend period from 2011 to 2016 and forecast period from 2017 to 2022. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Published 16 July 2019
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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An overview: Market share of the Aircraft interface device
The aircraft interface device market is expected to grow at a double digit CAGR of 12.5% during the forecast period of 2017 to 2022. Increasing deliveries of new commercial aircraft; requirement of efficient avionics integration system for real-time analytics; rising demand for easy access and low maintenance device; growing demand for better flight experience; and advancement in the technology are some of the growth drivers of the global aircraft interface device market.
Commercial aircraft: The growth engine
The aircraft interface device market is segmented based on aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Commercial aircraft has been the largest segment of the global aircraft interface device market and is forecasted to remain the largest segment over the next five years. The segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B737; an expected entry of upcoming aircraft, such as Comac C919; and rising aircraft fleet.
Dominance of: Wireless AID and Retrofit
The aircraft interface device market is segmented based on connectivity type as wire and wireless. Wireless based aircraft interface device is projected to witness the fastest growth over the next five years. Wireless interfaces will continue to replace the traditional wired interface devices as they offer several benefits, such as ease of access, better connectivity, better device interface, and ease of handling.
The aircraft interface device market is segmented based on fit type as line fit and retrofit. Retrofit is likely to remain the largest fit type during the forecast period, driven by rising fleet size, increasing requirement of upgrade the traditional system for better real-time analytics, an advancement in technology. Both line fit and retrofit are likely to witness a healthy growth over the next five years.
A highly/moderately/fragment consolidated Market
Astronics Corporation, United Technologies Corporation, Teledyne Controls, NavAero Inc., Rockwell Collins, and Esterline Technologies Corporation are the key players in the global aircraft interface device market. New product development and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.
Regional Hegemony of North America
North America is projected to remain the largest market for aircraft interface device during the forecast period. North America is the manufacturing capital of the aerospace industry with the presence of small to large OEMs in each aircraft category. The region also owns one of the largest commercial aircraft fleets worldwide. Asia-Pacific is expected to experience the fastest growth for the same period. The gradual shift of manufacturing/assembly plants of OEMs and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic are likely to drive the Asia-Pacific region in the coming years.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report
An overview: Market share of the Aircraft interface device
The aircraft interface device market is expected to grow at a double digit CAGR of 12.5% during the forecast period of 2017 to 2022. Increasing deliveries of new commercial aircraft; requirement of efficient avionics integration system for real-time analytics; rising demand for easy access and low maintenance device; growing demand for better flight experience; and advancement in the technology are some of the growth drivers of the global aircraft interface device market.
Commercial aircraft: The growth engine
The aircraft interface device market is segmented based on aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Commercial aircraft has been the largest segment of the global aircraft interface device market and is forecasted to remain the largest segment over the next five years. The segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B737; an expected entry of upcoming aircraft, such as Comac C919; and rising aircraft fleet.
Dominance of: Wireless AID and Retrofit
The aircraft interface device market is segmented based on connectivity type as wire and wireless. Wireless based aircraft interface device is projected to witness the fastest growth over the next five years. Wireless interfaces will continue to replace the traditional wired interface devices as they offer several benefits, such as ease of access, better connectivity, better device interface, and ease of handling.
The aircraft interface device market is segmented based on fit type as line fit and retrofit. Retrofit is likely to remain the largest fit type during the forecast period, driven by rising fleet size, increasing requirement of upgrade the traditional system for better real-time analytics, an advancement in technology. Both line fit and retrofit are likely to witness a healthy growth over the next five years.
A highly/moderately/fragment consolidated Market
Astronics Corporation, United Technologies Corporation, Teledyne Controls, NavAero Inc., Rockwell Collins, and Esterline Technologies Corporation are the key players in the global aircraft interface device market. New product development and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.
Regional Hegemony of North America
North America is projected to remain the largest market for aircraft interface device during the forecast period. North America is the manufacturing capital of the aerospace industry with the presence of small to large OEMs in each aircraft category. The region also owns one of the largest commercial aircraft fleets worldwide. Asia-Pacific is expected to experience the fastest growth for the same period. The gradual shift of manufacturing/assembly plants of OEMs and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic are likely to drive the Asia-Pacific region in the coming years.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
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