AIRCRAFT COCKPIT DISPLAY SYSTEM MARKET REPORT OVERVIEW
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The global aircraft cockpit display system market size was USD 1867.8 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with aircraft cockpit display systems experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 2452 million in 2028, exhibiting a CAGR of 4.6% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The Human Machine Interface (HMI), which enables aircrew to control the contemporary Glass cockpit and communicate with the aircraft avionics, is made up primarily of visible and aural components by the aircraft cockpit display system. Advanced graphical interfaces with avionics and human gestures are made possible by cockpit display systems in aircraft, which enhances human-machine interaction. The lighter weight of various aircraft components results in more efficient operation, reduced environmental impact, and straightforward maintenance.
Due to the improved human-machine interface that cockpit display systems provide; technological developments have also raised the demand for them. In order to improve flight safety and effectiveness, this system gives pilots the information they need, such as airstream incidence, aircraft height, and airspeed. These systems lighten the plane up, make it simpler to interact with traffic control, save electricity, and prevent accidents. Additionally, the combination of advanced display systems and developing technologies in the airplane cockpit greatly minimizes the workload on the pilot. As the need for improved security, situational awareness, and efficiency grows, aircraft cockpit display system is expanding significantly.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The COVID-19 virus forced governments and aviation-related companies to implement a number of stringent controls to restrict its spread. Airport use decreased and the aviation industry worldwide experienced financial losses in 2020 as a result of the nearly complete cessation of airports and air travel. The demand for items like aircraft cockpit display systems is increasing as a result of the reopening of commercial airlines and the urgent requirement for military aircraft. Both commercial and military aircraft must have these parts in order to function properly aircraft cockpit display system market is therefore expected to soar during the foreseeable period.
LATEST TRENDS
"Increased Use of Connection Solutions to Boost Market Growth"
Commercial airplanes are increasingly using connection solutions as a result of rules set by agencies like the US FAA and EASA. Connected aircraft provide airlines with a number of advantages. For instance, they assist in delivering improved situational awareness that aids the pilot in effectively flying the aircraft. Additionally, cockpit displays in aircraft provide information about aircraft performance, upkeep requirements, and alerts about risky activities, enhancing safety. These reasons have led to a growth in the demand for the aircraft cockpit display system market during the past few years.
AIRCRAFT COCKPIT DISPLAY SYSTEM MARKET SEGMENTATION
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- By Type Analysis
As per the type, the market is classified as follows: Multifunctional Display (MFD), Primary Flight Display (PFD), Engine-Indicating and Crew Alerting System (EICAS), and Aircraft Cockpit Display System. Over the course of the study period, the multifunction category is anticipated to experience strong demand in the aircraft cockpit display system market share.
- By Application Analysis
Based on application, the market is segmented as follows: Commercial and Military. It is predicted that the commercial segment will grow rapidly during the projection period due to the rising use of connectivity solutions for commercial aircraft.
DRIVING FACTORS
"Demand for Lightweight Components to Facilitate Market Development"
The increased usage of sophisticated materials in recent years has resulted in a significant decrease in the weight of cockpit displays for aircraft. Different aircraft parts are lighter, which improves performance, fuel efficiency, and maintenance efficiency. Additionally, these screens now have better functions in addition to being lighter. Modern cockpit displays provide information from flight computers, which continuously track inputs from the pilot or autopilot, aircraft states, and ambient conditions to make sure the aircraft is flying safely. Thus, it is anticipated that over the forecast period, the demand for lightweight components with increased features and better accuracy will propel the global aircraft cockpit display system market growth.
"Growing Emphasis on Automated Flight Control to Promote Industry Progress"
The aircraft cockpit display system market is also expanding as a result of the growing emphasis on automated flight control and the desire for lightweight components with superior accuracy and increased functionality. In addition, the combination of cutting-edge show frameworks and propelling advancements inside the aircraft's cockpit generally reduces the workload on the pilot. The aircraft cockpit display system market is also developing as a result of the growing focus on mechanized flight control and demand in lightweight segments with cutting-edge functions and improved accuracy. However, it is anticipated that show power outages caused by framework failure and increased complexity will limit market growth during the forecast time span. Because more advanced materials are being used, the weight of cockpit displays on aircraft has reduced during the past few years
RESTRAINING FACTORS
"Increased Complexity to Hinder Market Growth"
However, it is anticipated that display blackouts caused by system failure and increased complexity will impede aircraft cockpit display system market growth over the foreseeable future. The key factor that could function as a growth inhibitor for the global aircraft cockpit display system market in the upcoming years is the short battery life of digital cockpits. It would be difficult for pilots to convert to an analog system as a backup because shorter battery life would give them less time to handle issues during an emergency.
AIRCRAFT COCKPIT DISPLAY SYSTEM MARKET REGIONAL INSIGHTS
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"Increase in Demand to Propel Market Progress in Asia"
Because of the expanding aviation industries in China, India, and Japan, the Asian region is anticipated to experience the quickest rate of growth for aircraft cockpit display systems during the study period. By 2035, Airbus SAS forecasts that more than 16,000 aircraft will be delivered to the Asian region. In addition, China is on track to surpass the US and grab the top spot in terms of air passenger traffic. As a result, an increased CAGR is anticipated for the Asian aircraft cockpit display system market over the course of the projected year.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Diehl Aerosystems (Germany)
- Esterline (U.S.)
- Honeywell (U.S.)
- L-3 Communications (U.S.)
- Thales (France)
- Avidyne (U.S.)
- Aspen Avionics (U.S.)
- Dynon Avionics (U.S.)
- Elbit Systems (Israel)
- Garmin (U.S.)
- Rockwell Collins (U.S.)
- Northrop Grumman (U.S.)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1867.8 Million in 2022 |
Market Size Value By |
US$ 2452 Million by 2028 |
Growth Rate |
CAGR of 4.6% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the aircraft cockpit display system market expected to touch by 2028?
Based on our research, the aircraft cockpit display system market is projected to touch USD 2452 million by 2028.
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What CAGR is the aircraft cockpit display system market expected to exhibit by 2028?
The aircraft cockpit display system market is expected to exhibit a CAGR of 4.6% by 2028.
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What are the driving factors of the aircraft cockpit display system market?
The demand for lightweight components and growing emphasis on automated flight control are the driving factors of the aircraft cockpit display system market.
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Which are the top companies operating in the aircraft cockpit display system market?
Diehl Aerosystems, Esterline, Honeywell, L-3 Communications, Thales, Avidyne, Aspen Avionics, Dynon Avionics, Elbit Systems, Garmin, Rockwell Collins, and Northrop Grumman are the top companies operating in the aircraft cockpit display system market.