Global Glass Cockpit Market - 2022-2029

Global Glass Cockpit Market - 2022-2029

Market Overview

The global glass cockpit market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Sensors that feed airplane displays have evolved in tandem with the displays themselves. Air data computers (ADCs) and Electronic attitude and heading reference systems (AHRS) have replaced traditional gyroscopic flying instruments, enhancing dependability and lowering cost and maintenance. A glass cockpit is a type of aircraft cockpit that replaces traditional analog dials and gauges with electronic (digital) flight instrument displays, often huge LCD screens. In contrast to a traditional cockpit, a glass cockpit has various multi-function displays controlled by flight management systems that may be changed to display flight information as needed.

Glass cockpits streamline aircraft control and navigation, allowing pilots to concentrate only on the most important data. They're particularly popular with airlines because they usually do away with the necessity for a flight engineer, which saves money. Technology has become commonly available in tiny airplanes in recent years. Glass cockpits frequently have GPS receivers built-in.

Market Dynamics

The growing aerospace & defense industry is a major market driver for the respective market. Nonetheless, less Battery life of glass cockpits restrains the market's growth.

The growing aerospace & defense industry

The global aerospace and military industry keep rising air passenger volume. Furthermore, due to the increasing global military spending resulting from heightened border security risks, the A&D industry is expected to rise steadily over the projection period. Governments will be forced to increase their defense budgets due to this. With the increasing manufacturing and production of commercial aircraft, the industry will likely expand as technological developments continue. As a result, there is a significant demand for the construction of next-generation aircraft and the installation of next-generation technology for increased communication and navigation in the commercial aerospace sector, boosting market demand in the projection period.

In the defense sector, rising global tensions, geopolitical threats, and high defense spending by regional countries other than the US, such as China, India, and Japan, are expected to boost demand for advanced avionics in the projected period and following years. Growing defense spending will also help create enormous opportunities for contractors and supply chains to meet demand, resulting in higher production yields. Furthermore, military industries must be able to react to changing market demands, which include the introduction of new technologies such as digital technology.

With rising automation in numerous industries, the market for automated flight control systems with touchscreens rose rapidly during the forecast period. The commercial aerospace industry is also working to transition to a completely automated flight deck, which will result in a reduction in the number of crew members in the cockpit and lower airline expenses. In addition, with the growing number of pilot shortages, the deployment of an automated cockpit provides a cost-effective option to meet the growing demand for air travel and the rise of low-cost carriers.

Less Shelf battery life

The battery shelf life of glass cockpits is low compared to analog systems, making it the biggest hurdle in the glass cockpit business. Pilots have less time to react to difficulties during an emergency because of the shorter battery life. A pilot who has been trained on digital glass cockpit systems and has never used analog systems may find it difficult to switch to analog systems if necessary, as the analog mechanism necessitates a more cognitive process to comprehend the situation.

Simultaneously, glass cockpit systems provide great situational awareness, but only if the pilot is familiar with the entire system. The lack of battery life has limited the market's growth.

COVID-19 Impact Analysis

The COVID-19 pandemic affected the glass cockpit market primarily due to the implementation of lockdown measures to limit the spread of the virus and restrict the movement of products and people. The epidemic has disrupted supply networks, resulting in a significant demand-supply gap due to a lack of raw materials and disrupted manufacturing processes. The manufacturing sector has been severely impacted. As a result, the demand for glass cockpits has fallen, thus impacting the market growth.

However, the aerospace and defense industries worldwide are keeping up with rising air passenger volume. Governments are raising their defense budgets in response to heightened border security challenges. With the increased manufacture and production of commercial aircraft, the industry is likely to rise in demand as technological developments continue. The growing number of passengers flying worldwide promotes the development of new airplanes with cutting-edge technical glass cockpits. Manufacture of next-generation aircraft with high-end technologies and glass cockpit displays for increased communication and navigation. As a result, the respective market is expected to boom.

Segment Analysis

The global glass cockpit market is classified based on aircraft type, screen size, display type and region.

Growing military applications of helicopters boosts the demand for glass cockpits

In recent years, cockpit technology has advanced at a rapid rate. It assists in providing a greater amount of information at the pilot's fingertips than traditional systems. Military helicopters are the most modern high-tech machines, and the installation of glass cockpits has enhanced their efficiency. Glass cockpits provide a real-time operating system with cutting-edge processor technology that gives pilots situational awareness. They have windows and data that can be manipulated using point-and-click devices resembling computers.

Geographical Analysis

Affordability and growing access to air travel among laymen coupled with high defense investments position Asia-Pacific as the dominant regional segment in terms of market share

As per projections from the International Air Transport Association (IATA), the Asia Pacific area will be the largest generator of air passenger demand from 2015 to 2035. This region is expected to account for nearly half of all new aviation passengers. China will also overtake the U.S. as the world's largest aviation market soon by the end of 2024. Similarly, India, a country in the Asia-Pacific region, is overtaking the United Kingdom as the world's third-largest economy by 2025. By 2025, Indonesia and Japan are predicted to be ranked fifth and seventh in the global aviation market.

Furthermore, during the next five years, the increased defense expenditure of Southeast Asian countries is likely to allow the glass cockpit industry to grow. In the defense sector, rising global tensions, geopolitical threats, and high defense spending by regional countries other than the US, such as China, India, and Japan, are expected to boost demand for advanced avionics in the projected period and following years. Growing defense spending will also help create enormous opportunities for contractors and supply chains to meet demand, resulting in higher production yields.

Competitive Landscape

With the global and local producers' numbers and strength, the global glass cockpit market is not dynamic. The market is described as consolidated due to a very small number of manufacturers that control major market shares. Manufacturers such as Aspen Avionics, Inc., Avidyne Corporation, Dynon Avionics, Elbit Systems Ltd, Esterline Technologies Corporation, Garmin Ltd, Honeywell Aerospace, Inc, L-3 Communication Holdings, Inc., Northrop Grumman Corporation, and Rockwell Collins, Inc employ market tactics like mergers, acquisitions, product launches, contributions, and collaborations to gain competitive advantages and recognition in their respective markets.

Aspen Avionics, Inc.

Overview: In 2004, aviation enthusiasts formed Aspen Avionics in Albuquerque, New Mexico. Aspen Avionics specializes in providing cutting-edge technology and functionality to General Aviation cockpits while staying within budget. The company's product range includes items that improve situational awareness and minimize pilot effort, making flying in VFR and IFR circumstances even easier and safer. The company's Evolution Flight Display system, Aspen's flagship product line, is the most innovative and affordable glass cockpit system for certified general aviation (GA) aircraft.

To support its sustained strong growth, the company raised its first round of venture capital in December 2005 and closed a Series B investment in June 2007. Granite Ventures, vSpring Capital, Wasatch Venture Fund, Fort Washington Capital Partners, and Sun Mountain Capital are among the company's investors.

Product Portfolio:

E5 Dual Electronic Flight Instrument: By replacing antiquated mechanical instruments with a modern glass cockpit, the pilot's workflow is streamlined, new safety features are included, and improved situational awareness. The Aspen E5 Primary Flight Display features sophisticated glass panels that are simple to use and upgradeable in the future. Aspen Avionics' new Dual Electronic Flight Instrument (EFI), the E5, allows you to update antiquated mechanical steam gauges' to a single glass panel display and remove your vacuum system entirely. The pilot's visual scan is streamlined, and the cockpit layout is simplified with legacy steam gauge information integrated into one compact display. The E5 will always be adaptable, upgradeable, and inexpensive, just like other Aspen systems.

Key Development:

On July 1, 2019, Aspen Avionics announced that its Evolution MAX primary and multi-function displays had earned an FAA Supplemental Type Certificate (STC). The Evolution MAX series displays feature redesigned electronics and new glass to provide a bolder, brighter display with higher reliability and several customer-requested features like font and window enlargement and faster processing speeds while maintaining Aspen's unique form factor design that keeps installation costs low.

Why Purchase the Report?

To visualize the global glass cockpit market segmentation based on aircraft type, screen size, display type and region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global glass cockpit market by analyzing trends and co-development.

Excel data sheet with numerous glass cockpit market-level data points.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

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Target Audience 2023

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