Aircraft Computers Market to offer a healthy CAGR of 7.2% during 2020-25
February 13, 2020
Aircraft Computers Market Overview:
Aircraft Computers Market is likely to witness an impressive CAGR of 7.2% during the forecast period. The retrofit activities in the general aviation market and the increasing aircraft deliveries across the globe are the major factors expected to drive the growth of the aircraft computers market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Aircraft Computers 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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Aircraft Computers Market Segment Insights:
Flight Control: The growth engine
Based on the type, the market is segmented as flight controls, engine controls, mission controls, flight management computers (FMC), and utility controls. The flight controls segment is estimated to register substantial growth during the forecast period. The growth is owing to the fact that flight control computers aid the pilot in managing the speed, altitude, and direction of the aircraft.
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https://www.stratviewresearch.com/toc/691/aircraft-computers-market.html
Dominance of: Fixed-Wing and OEM
Based on the platform type, the market is segmented as fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles. The fixed-wing aircraft segment is estimated to lead the market during the forecast period, driven by the rising demand for commercial and military fixed-wing aircraft. The commercial fixed-wing aircraft market is anticipated to increase owing to the rising air passenger traffic. 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 combined 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 majorly drive the demand for commercial aircraft.
Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM market segment is estimated to grow at a higher CAGR during the forecast period. The high growth is owing to aircraft upgrade programs and the adoption of aircraft computers to be installed on advanced aircraft coming out of the production bay.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft computers market are BAE Systems, Cobham plc, Curtiss-Wright Corporation, Esterline Technologies Corporation, Honeywell International Inc., Rockwell Collins, Saab SA, Safran S.A., Thales Group, and United Technologies Corporation.
Regional Hegemony of North America
In terms of regions, the North American region was the largest market for aircraft computers in 2018, and is expected to maintain its leadership during the forecast period. Presence of giant aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada) is boosting the aircraft computers market in this region. The aircraft computers market in the European and Asia-Pacific regions is also likely to depict a sizeable growth driven by the increasing demand for wide-body and large aircraft.
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