Air Data Systems Market to offer a healthy CAGR of 7.2% during 2020-25
February 13, 2020
Air Data Systems Market Overview:
Air Data Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Growth in the number of aircraft orders and deliveries and escalating demand for large military UAVs are the major factors expected to underpin the growth of the global air data systems market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Air Data Systems Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
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:
- 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
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Air Data Systems Market Segment Insights:
Civil segment: The growth engine
Based on the end-user type, the market is segmented as civil and military. The civil segment owns a larger market size and is also estimated to register a higher growth during the forecast period. Fueled by factors, such as increase in air travel, rise in disposable income, and growth in international tourism, among others, the civil aviation industry across the globe has been witnessing robust growth in recent years.
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https://www.stratviewresearch.com/toc/685/air-data-systems-market.html
Dominance of: Narrow-Body Aircraft and Electronic segment
Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, fighter aircraft, regional transport aircraft, military transport aircraft, general aviation, rotary-wing aircraft, and UAV. The narrow-body aircraft segment led the market in 2018, and is expected to continue its dominance during the forecast period as well. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a collective share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft.
Based on the component type, the market is segmented as electronic unit, probes, and sensors. The electronic unit segment is estimated to register the highest growth during the forecast period. The growth is owing to the compliance with the FAA-RVSM mandate, there should be an RVSM (Reduced Vertical Separation Minimum) compliant electronic unit for every aircraft flying between flight level (FL) 290 and 410 (inclusive).
A highly/moderately/fragment consolidated Market
Some of the major players in the air data systems market are Ametek Inc., Aeroprobe Corporation, Astronautics Corporation of America, Curtiss-Wright Corporation, Financial Highlights, Honeywell International Inc., Meggitt PLC, Rockwell Collins, Inc., Shadin Avionics, and Thommen Aircraft Equipment.
Regional Hegemony of North America
In terms of regions, North America led the global air data systems market in 2018, and is expected to continue its dominance during the forecast period. The aviation industry is one of the most lucrative industries in North America, with giant aircraft manufacturers, such as Boeing (U.S.), Lockheed Martin (U.S.), Bell Helicopter (U.S.), Sikorsky Aircraft (U.S.), and Bombardier (Canada) present in the region. These manufacturers facilitate in generating demand for air data systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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