The global Aircraft Computers Market is projected to grow from $4.6 billion to $7.9 billion, at a CAGR of 6.4% in terms of revenue during the forecast period.
These days, computers are a necessary component of airplanes and are used, among other things, for communication, navigation, passenger entertainment, monitoring and controlling flight functions, recording and processing flight activity, and flight control and display. Applications on the computers of the aircraft ensure the passengers' health and safety and make the pilot's tasks easier.
An electronic device used in aircraft for monitoring and controlling a number of aircraft functions is known as an aviation computer. There are numerous types of aviation computers on the market. They include engine controls, utility controls, flight controls, mission computers, and flight management computers. Pilot workload is lessened thanks to the use of aircraft computers.
Market Dynamics:
Drivers:
Flying is made efficient and fuel-efficient by the existence of many types of modern computers, including flight augmentation computers, flight guidance computers, flight director computers, air data computers, and central maintenance computers. Throughout the flight, the pilots don't have to exert themselves as much. These elements are regarded as the primary growth catalysts for the Aircraft Computers Market for aviation computers.
Restraints:
The growing frequency of cyber-attacks and the strict rules put in place by the government to improve passenger safety necessitated higher quality products, which were subsequently seen as the main inhibitors to the growth of the Aircraft Computers Market.
The need for software and hardware integration is greater since, without it, these components may not operate as intended and could impede the functioning of aircraft computers. These elements are regarded as the main inhibitors of the market for aviation computer expansion.
Opportunities:
Throughout the projection period, the need for aircraft computers is anticipated to increase across the commercial, military, paramilitary, and civil services. Leading aviation operations and businesses are making investments in technological advancement, which is boosting the industry's overall growth for aircraft computers.
The major aircraft manufacturers are focused on developing and updating their fleets, and the end users are well aware of the critical tasks that the aircraft computers carry out, including designing the aircraft, managing flight operations, assuring safety, and several other duties. During the projected period, these elements are anticipated to support the industry's overall expansion.
Key Players:
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BAE Systems
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Honeywell
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Rockwell Collins
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Saab
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Thales
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Curtiss-Wright
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Esterline Technologies
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United Technologies
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Cobham
Market Segmentation:
Aircraft Computers Market, By Type
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Flight Controls
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Flight Management Computers
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Engine Controls
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Utility Controls
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Mission Computers
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Aircraft Computers Market, By Platform
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Fixed Wing
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Rotary Wing
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UAV
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Aircraft Computers Market, By End-user
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OEMs
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Aftermarket
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Aircraft Computers Market, By Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
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Regional Analysis:
These days, computers are a necessary component of airplanes and are used, among other things, for communication, navigation, passenger entertainment, monitoring and controlling flight functions, recording and processing flight activity, and flight control and display. Applications on the computers of the aircraft ensure the passengers' health and safety and make the pilot's tasks easier.
On the other hand, the APAC market for aircraft computers is anticipated to have considerable expansion during the forecast period due to the expected enormous increase in air passenger traffic, with China and India rising to become the two biggest aviation markets in the world at the same time. The need for narrow-body aircraft for commercial aviation, together with other macroeconomic variables like the rising GDP and per capita income in the region, will be the key drivers of growth in the APAC market.
Scope of the report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 4.6 Billion |
Forecast market growth |
USD 7.9 Billion |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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