Aerospace Markets News

Aircraft Interface Device market to grow at CAGR of 12.5% during 2017 – 2022 according to new research report

Aerospace

Aircraft Interface Device Market report is a study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Aircraft Interface Device Market Make an Inquiry about this news. This extensive report by Stratview Research analyses the growth of Aircraft Interface Device Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -

  • by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
  • by Connectivity Type (Wire based AID and Wireless based AID)
  • by Fit Type (Line Fit and Retrofit)
  • and by Region (North America, Europe, Asia-Pacific, and RoW)

 detailed scope Make an Inquiry about this news

Make an Inquiry about this news report Make an Inquiry about this news

Commercial aircraft has been the largest segment of the market

The aircraft interface device market is expected to grow at a double digit CAGR of 12.5% during the forecast period of 2017 to 2022. Increasing deliveries of new commercial aircraft; requirement of efficient avionics integration system for real-time analytics; rising demand for easy access and low maintenance device; growing demand for better flight experience; and advancement in the technology are some of the growth drivers of the aircraft interface device market.

The aircraft interface device market is segmented based on aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft.

Commercial aircraft has been the largest segment of the aircraft interface device market and is forecasted to remain the largest segment over the next five years. The segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B737; an expected entry of upcoming aircraft, such as Comac C919; and rising aircraft fleet.  

Wireless based aircraft interface device to witness the fastest growth

The aircraft interface device market is segmented based on connectivity type as wire and wireless. Wireless based aircraft interface device is projected to witness the fastest growth over the next five years.

Wireless interfaces will continue to replace the traditional wired interface devices as they offer several benefits, such as ease of access, better connectivity, better device interface, and ease of handling.

Retrofit to remain the largest fit segment type

The aircraft interface device market is segmented based on fit type as line fit and retrofit. Retrofit is likely to remain the largest fit type during the forecast period, driven by rising fleet size, increasing requirement of upgrade the traditional system for better real-time analytics, an advancement in technology.

Both line fit and retrofit are likely to witness a healthy growth over the next five years.

North America to remain the largest market

North America is projected to remain the largest market for aircraft interface device during the forecast period. North America is the manufacturing capital of the aerospace industry with the presence of small to large OEMs in each aircraft category.

The region also owns one of the largest commercial aircraft fleets worldwide. Asia-Pacific is expected to experience the fastest growth for the same period.

The gradual shift of manufacturing/assembly plants of OEMs and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic are likely to drive the Asia-Pacific region in the coming years.   

Top market players

Astronics Corporation, United Technologies Corporation, Teledyne Controls, NavAero Inc., Rockwell Collins, and Esterline Technologies Corporation are the key players in the aircraft interface device market. New product development and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

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