Aircraft Interface Device Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aircraft Interface Device Market
The aircraft interface device market size was valued at USD 34.14 billion in 2023, and the market is now projected to grow from USD 41.19 billion in 2024 to USD 75.52 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
COVID- 19 pandemic has tremendously affected the complete world affecting the global market to drop by nearly 33% in 2020 due to travel restrictions and diminished passenger air traffic. This situation led to a reduced demand for aircraft upkeep and manufacturing. The substantial drop in air travel formed a ripple consequence throughout the aviation industry affecting several sectors comprising crew management systems.
Regulatory mandates in the setting of Aircraft Interface Devices (AID) refer to the necessities recognised by aviation authorities and regulatory bodies for the use of these devices in aircraft for precise safety, communication, or functioning purposes. These mandates confirm the harmless and effective operation of aircraft, maintaining constancy and compliance within the aviation industry. Many aviation authorities have mandated the use of AIDs for Enhanced Ground Proximity Warning Systems (EGPWS). This acute safety feature warns pilots to terrain and hindrances, avoiding accidents. These factors are anticipated to boost the aircraft interface device market growth during the forecast period.
There is a growing demand for real-time data as airlines, airports, and aeronautics authorities increasingly utilize big data analytics to process vast amounts of information gathered from various sources. This data includes details about flights, weather conditions, air traffic, and more. Aircraft Interface Devices (AIDs) are hardware devices installed on aircraft to collect this data.
Comprehensive Analysis of Aircraft Interface Device Market
The market can be segmented in various ways depending on the focus of study such as by aircraft type, by connectivity and by application. Based on the application, the market is segmented into flight tracking, quick access recording, aircraft condition monitoring system, DVR & video streaming, and others. By aircraft type, the market is segmented into fixed wing and rotary wing. Based on the connectivity, the market is segmented into wired and wireless.
North America is leading the aircraft interface device market share motivated by the development in aircraft fleets and airlines within the region. The privatization of airports in several countries is projected to augment airport infrastructure and enhance capacity, thus supporting the growth of the aviation market.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include Astronics Corporation (U.S.), Collins Aerospace (U.S.), SCI Technology Inc. (U.S.), Skytrac System LLC. (Canada), Teledyne Controls LLC (U.S.), Thales SA (France), The Boeing Company (U.S.), Elbit System (Israel), DAC International Inc. (U.S.), CMC Electronics Inc. (Canada), Honeywell International Inc. (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In August 2023, FLYHT Aerospace Solutions LLC has declared a five-year contract extension lead with an enduring aircraft letting customer to continue providing software services for the customer's entire Boeing 777 and 767 fleets.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.9% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Application
Flight tracking
Quick Access Recording
Aircraft Condition Monitoring System (ACMS)
DVR and Video Streaming
Others
By Aircraft Type
Fixed Wing
Rotary Wing
By Connectivity
Wired
Wireless
By Geography
North America (By Application; Aircraft Type; Connectivity, and Country)
U.S.
Canada
Europe (By Application; Aircraft Type; Connectivity, and Country)
U.K.
Germany
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific (ByApplication; Aircraft Type; Connectivity, and Country)
China
India
Japan
South Korea
Rest of Asia Pacific
Middle East & Africa (ByApplication; Aircraft Type; Connectivity, and Country)
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Latin America (By Application; Aircraft Type; Connectivity, and Country)
Brazil
Argentina
Rest of Latin America
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