[153 Pages Report] The aircraft interface device market is projected to grow from USD 115.9 Million in 2016 to USD 230.8 Million by 2021, at a CAGR of 14.76%
According to the new research report "Aircraft Interface Device Market Aircraft Type (NBA, WBA, RTA, VLA, Business Jet, Rotary Wing Aircraft, and Fighter Jet), Connectivity (Wired, and Wireless), End User (Civil, and Military), Fit (Linefit, and Retrofit) - Global Forecast to 2021", The aircraft interface device market is projected to grow from USD 115.9 Million in 2016 to USD 230.8 Million by 2021, at a CAGR of 14.76% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
Increase in aircraft orders, improved situational awareness through the use of aid, and reduced operational and maintenance cost are some of the key factors driving the growth of the Aircraft Interface Device Market.
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Narrow body aircraft segment projected to grow at highest CAGR over the forecast period.
Based on aircraft type, the narrow body aircraft segment is estimated to dominate the market over the forecast period. The growth of this segment can be attributed to the Increase in demand for narrow body aircraft globally is driving the market.
Wireless segment projected to grow at highest CAGR during the forecast period.
Based on connectivity, the wireless segment is anticipated to witness a higher growth, owing to the ease and low investment cost for installation of wireless devices.
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Civil segment projected to grow at highest CAGR during the forecast period
Based on end users, the civil segment is expected to lead the market, as the civil aviation industry across the globe has been witnessing strong growth in recent years, driven by factors such as increase in air travel, rise in disposable income, and growth in international tourism, among others
Asia Pacific aircraft interface market projected to grow at highest CAGR during the forecast period.
Based on region, the Asia Pacific aircraft interface market is projected to grow at the highest CAGR during the forecast period. The market growth in this region is largely due to increase in air passenger traffic from countries such as India, China, Japan, and Indonesia.
The region has been witnessing growth in domestic travel since the last decade, which has led an increase in aircraft deliveries mostly for low-cost carriers.
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Major players operating in the aircraft interface market include United Technologies Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Teledyne Control (U.S.), Esterline Technologies Corporation (U.S.), Astronics Corporation (U.S.), navAero Inc. (Sweden), and Arconics (Ireland), among others. These players offer different products used for aircraft interfacing.
Companies have well-equipped manufacturing facilities and strong distribution networks across the North American, European, and Asia Pacific regions.
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