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Aircraft Interface Devices (AID) Market - Growth, Trends, And Forecast (2020 - 2025)

Published on: Jan 2020 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 92

Market Overview

The aircraft interface devices market is expected to witness a CAGR of more than 7% during the forecast period.

- Growing aircraft procurement, in commercial and general aviation sectors, is currently driving the market revenues.
- Developments in aircraft health management systems and the growing emphasis on predictive maintenance will boost the growth of the aircraft interface device market.
- Another reason for the growth in usage of the aircraft interface devices is the need to improve the safety and efficiency of the aircraft.

Scope of the Report

Aircraft Interface Devices (AIDs) enable the data transfer between the Electronic flight bags (EFBs) in an aircraft and the aircraft databus. AIDs are hardware platforms aboard the aircraft.

Key Market Trends

Commercial Aircraft Segment to have the Largest Market Share During the Forecast Period

The market is currently dominated by the commercial aircraft segment, whose sales are currently high. Also, the increasing demand for the newer generation aircraft is propelling the market, as the use of Aircraft Interface Devices is more prominent in the latest commercial aircraft models. In the commercial aircraft segment, the aircraft interface devices are helping the airlines and MRO stations by broadening the use of portable screens in cockpits as a replacement for conventional paper-based charts. This would provide more aircraft data access to the pilots and at the same time, the commercial aircraft maintenance providers are also getting increasingly benefitted by the real-time data availability with the Aircraft Interface Devices. Also, the availability of real-time data means that the airline can monitor the various performance parameters and plan the flight accordingly, which will help them in reducing operating costs. Thus, with a large demand for commercial aircraft using these Aircraft Interface Devices and the growing penetration of these devices in all commercial aircraft, the revenue from the commercial segment is expected to dominate the market in the years to come.

Asia-Pacific to be the Fastest Growing Market for Aircraft Interface Devices During the Forecast Period

In terms of geography, Asia-Pacific is projected to be the fastest-growing market for aircraft interface devices in the years to come. The region has one of the fastest-growing air passenger traffic in the world, with China, India, Japan, and Indonesia projected to be among the largest aviation markets (in terms of passenger traffic to, from, and within the country) by the end of the forecast period. Simultaneously, with the increasing demand for air travel, the demand for commercial aircraft is also increasing in the region. Airbus currently has around 1,800 aircraft on order with customers from the Asia-Pacific region which is roughly one-third of the company's total order backlog. With such a huge demand for aircraft from the region, the demand for aircraft parts and systems, like the interface devices, is projected to be high from the region. Countries in the region are also procuring military aircraft on a large scale, and with the growth in the economy, it is projected that the region will be one of the key markets for general aviation as well. All these factors are projected to increase the market for aircraft interface devices in the Asia Pacific region during the forecast period.

Competitive Landscape

Astronics Corporation, Esterline Technologies Corporation, Collins Aerospace (United Technologies Corporation), Global Eagle, Teledyne Technologies Incorporated, AVIOBOOK (Thales Group) are some of the prominent players in the market. The market is consolidated with only a handful of players controlling the major share of the market. However, the competition among these players is huge, as every player is trying to attract new customers by bringing innovative technologies in the market, with regular upgrades to their existing versions. For instance, in September 2019, Astronics Corporation announced that they have released a new "extended rangeÓ version of their compact webFB Smart Aircraft Interface Device (AID). According to the company, the new extended-range model enhances the capability of the existing webFB line by enabling real-time, secure data transfer off the aircraft by allowing its use outside of the flight deck. As the industry is still in its initial phase with a lot of scope for innovation, players are investing huge amounts in R&D for the development of new products like the one stated above. The market needs penetration in the military sector as of now, and the players can take it as an opportunity to gain new contracts for military aircraft by showcasing products with groundbreaking features that would help the military applications.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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