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Aircraft Switches Market Trends, Industry Share, Growth Drivers, Business Opportunities

The global aircraft switches market size is projected to grow from USD 2.01 billion in 2021 to USD 2.60 billion by 2028. In today’s technologically advanced world, the popularity of personalized seatback screens is surging rapidly. It is set to propel the demand for unique in-flight entertainment & connectivity (IFEC) featuring real-time connectivity and data usage. Panasonic Avionics Corporation, for instance, bagged a new contract in July 2020 from Air Liban S.A., the national airline of Leban


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Ashwini Bhamare

3 months ago | 4 min read
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The global aircraft switches market size is projected
to grow from USD 2.01 billion in 2021 to USD 2.60 billion by 2028. In today’s
technologically advanced world, the popularity of personalized seatback screens
is surging rapidly. It is set to propel the demand for unique in-flight
entertainment & connectivity (IFEC) featuring real-time connectivity and
data usage. Panasonic Avionics Corporation, for instance, bagged a new contract
in July 2020 from Air Liban S.A., the national airline of Lebanon. It would
enable the former to provide IFEC solutions for the latter’s 15 Airbus A321
aircraft.” The report further states that the market stood at USD 1.87 billion
in 2020. It is expected to showcase a CAGR of 3.71% in the forecast period
between 2021-2028. Fortune Business Insights™ published this information in a
report, titled, “Aircraft Switches Market, 2021-2028



Huge Order Backlogs Fueled by
Reduction of Workforce amid COVID-19 to Hinder Growth



The COVID-19 pandemic has reduced
the demand for air travel because of legislative restrictions on travel and
trade. Besides, it has terminated various new aircraft orders and created
delays in the delivery process. As companies reduced their workforce
capacities, it surged order backlogs tremendously and resulted in the declining
demand for aircraft switches. We are providing in-depth research reports to
help you make the right business decision.



Duncan Aviation Installs Collins
Aerospace Pro Line Fusion in Challenger 604




  • In March 2021,
    the avionics team of Duncan Aviation declared its plan to install the Pro
    Line Fusion from Collins Aerospace in a Challenger 604 at Michigan. The
    integrated, fully connected, scalable avionics system has intuitive
    decision-making and advanced situational awareness tools. Additionally, it
    possesses weather-threat detection systems, heads-up vision systems, and
    touch-control primary flight displays to help pilots fly with greater accuracy.



 



Key Players:



 



·        
TE Connectivity (The U.S.)



·        
Eaton Corporation (The U.S.)



·        
Safran (France)



·        
Hydra-Electric Company (The U.S.)



·        
ITT Inc. (The U.S.)



·        
Curtiss-Wright Corporation (The U.S.)



·        
Meggitt PLC (The U.K.)



·        
Unison LLC (The U.S.)



·        
Honeywell International Inc. (The U.S.)



·        
Collins Aerospace (The U.S.)



·        
Applied Avionics Inc. (The U.S.)



 



Report Coverage-



The report involved four notable
activities in projecting the current market size. Thorough secondary research
was conducted to gather data about the peer market. Our next step included
primary research to validate these sizing, assumptions, and findings with
numerous industry experts. We have also used bottom-up and top-down approaches
to calculate the size of this industry.



Browse Complete Report Summary:



https://www.fortunebusinessinsights.com/aircraft-switches-market-105291



 



Drivers & Restraints-



Increasing Demand for Aircraft from
Flight Schools & High Passenger Traffic to Boost Growth



The introduction of next-generation
aircraft equipped with integrated digital interfaces is anticipated to reduce
the pilot’s workload and improve reliability. At the same time, the procurement
of new aircraft has increased at a fast pace on account of the rising number of
air commuters across the globe. According to the International Air Transport
Association (IATA), by 2037, there will be approximately 8.2 billion air
passengers worldwide. Various airlines are striving to expand their fleets.
Also, the high demand for aircraft for a wide range of applications, such as
personal planes and flight schools would augment the aircraft switches market
growth in the upcoming years. However, airlines are rapidly adopting
touchscreens to improve the pilot’s and passengers’ travel experience. It may
obstruct growth.



 



Segments-



Commercial AircraftSegment to Lead
Stoked by Surging Number of Deliveries Globally



The market is categorized into
cabin, cockpit, landing gear, engine, and others by application. Based on type,
it is bifurcated into manual and automatic. Below is a brief note on the
platform criterion:




  • By Platform:
    The market is fragmented into commercial aircraft, military aircraft,
    general aviation aircraft, business aircraft, electric aircraft, unmanned
    aerial vehicles (UAV), and helicopters. Amongst these, the commercial
    aircraft segment is anticipated to remain at the forefront in the near
    future. It held 50% in terms of the aircraft switches
    market share in 2020. The increasing number of aircraft deliveries is
    expected to bolster its growth. In October 2020, for instance, SKY Express
    ordered four Airbus A320neo aircraft.



Regional Insights-



Rising Government Investment Plans
to Accelerate Growth in Europe



Geographically, North America
procured USD 0.53 billion in 2020 in terms of revenue. The rising number of
renowned aerospace manufacturers, namely, Raytheon Technologies Corporation,
Lockheed Martin Corporation, GE Aviation, and the Boeing Company would drive
regional growth.



Europe is expected to showcase
considerable growth because of the rising investments by developed countries,
such as France and the U.K. in the creation of pollution-free aircraft. In June
2020, for instance, the government of France announced that it is set to
support the country’s aviation industry by providing a package of USD 16.85
billion. It would include investments in small firms for the launch of
carbon-neutral planes by the end of 2035.



Competitive Landscape-



Key Players Aim to Provide Low-cost
Systems for Strengthening Their Market Positions



Most of the prominent producers of
aircraft switches are striving to launch state-of-the-art technologies for
refining an aircraft system’s user interface. Some of the others are focusing
on enhancing their product lines to deliver cost-effective solutions to their
customers. Below is one of the industry developments:




  • July 2017:
    Safran Aircraft Engines and Kulite Semiconductor Products, Inc. announced
    the completion of the certification and development of an innovative solid
    state electronic pressure switch (FFCI). It will be installed on CFM56-7B
    aircraft engines.



 







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