USD 6.1 billion
Report ID:
SQMIG20A2227 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
89
|Figures:
73
Aircraft Computers Market size was valued at USD 6.4 Billion in 2023 and is poised to grow from USD 6.72 Billion in 2024 to USD 9.98 Billion by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).
The Aircraft Computers market has been a steadily growing market, due to the increasing adoption of the fly-by-wire system in today's aircraft. This involves taking input from various sensors in the aircraft and analyzing them using a computer. This reduces the load on the pilot and eliminates any human errors during flight of an aircraft. The major drivers of the aircraft computer market have been increased aircraft orders, upgradation of the existing fleet and continuous technological developments in the aircraft computers themselves. As the world is opening, Tourism has risen back to its full glory. Growing air passenger traffic in developing cities is encouraging flight carriers to start newer air routes where they do not exist or increase the numbers wherever they already exist. Apart from civil requirements, the need for aircraft computers is steadily being felt in the military too. Political crises between different countries, especially ones sharing borders, are contributing to these demands. One very new opportunity for aircraft computers is also the growing use of unmanned aerial vehicles for various purposes.
Global Market Size
USD 6.1 billion
Largest Segment
Portable
Fastest Growth
Portable
Growth Rate
5% CAGR
To get more reports on the above market click here to Buy The Report
The aircraft computers market is segmented based on type, platform, component, end-user, and region. By type, the market is segmented into Flight Controls (Flight Augmentation Computers, Flight Guidance Computers, Flight Control Computers, Flight Director Computers, Air Data Computers, Autopilot Computers), Engine Controls (Full Authority Digital Engine Control, Electronic Engine Control), Utility Controls (Central Maintenance Computers, Display Management Computers, Fuel Management Computers), Flight Management Computers, Mission Computers. By platform, the market is segmented into Fixed Wing Aircraft (Commercial Aviation [Narrow Body Aircraft, Regional Transport Aircraft, Wide Body Aircraft, Very Large Aircraft], General Aviation [Business Aircraft, Light Aircraft], Military Aviation [Fighter Aircraft, Transport Aircraft]), Rotary Wing Aircraft (Civil Helicopters, Military Helicopters], Unmanned Aerial Vehicles. By component, the market is segmented into hardware and software. By end user, the market can be segmented into OEM and aftermarket. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Analysis By Type
The argest segment of the aircraft computers market is held by Engine Controls. This dominance can be attributed to the fact that they are absolutely necessary for safety and effective working of the aircraft. Flight controls are responsible for increasing capability and reducing the workload of the pilot. Similarly, Engine Controls are important for the efficient working of the aircraft engine. Hence, these two types of aircraft computers remain a major shareholder of the market.
The fastest growing segment in the aircraft computer market is the Flight Management Computers. The need for the modern-day aircraft to come with their new navigation techniques, route planning systems, and fuel optimization techniques have led to the rapid growth of this sector.
Analysis By Platform
Fixed Wing aircrafts have traditionally held the major share in the aircraft computers market. This type of aircraft caters to a large and varying group of services ranging from being the carriers of regular air passengers, to jets used for business or private purposes, to those used as military aircraft. There is a never-ending need for all these kinds of aircraft, which is leading to the huge growth of this sector.
The fastest-growing segment of the Aircraft Computers market is the Unmanned Aerial Vehicles (UAVs). Commonly known as drones, these kinds of aircraft are being increasingly used for various purposes like surveying, surveillance, agriculture, package delivery and others. The advancements in technology, huge range of applications and more and more supportive government regulations are helping this sector grow at a high pace in the market.
Analysis By End-User
The dominance between OEM and aftermarkets in the aircraft computer market can greatly vary based on the type of aircraft and the specific segment of the market. In the early stages of an aircraft life cycle, the OEMs hold the dominant position. As the aircraft ages more and more, the need for repairs and upgradations will increase. This is when the aftermarket has its dominance.
When an aircraft is manufactured, the computer systems come along with them. They are often integrated and are a part of the production process. As the need for more and more aircrafts are increasing, the OEM market will grow. However, the existing fleets are also in constant need of upgradation and technology is advancing at a fast pace and this is driving the aftermarkets. The aftermarket is also becoming significant for maintenance, repair and overhaul services for the existing aircrafts.
To get detailed analysis on other segments, Request For Free Sample Report
The dominating region in the Aircraft Computers market is North America, which holds a significant market share. The dominance of this region is largely due to the high passenger traffic, and large aircraft density. Moreover, the existence of multiple key players like Boeing, Honeywell Corporation Inc, Curtiss Wright Corporation & Raytheon Technologies Corporation in the US region helps in its growth. This is also a region which sees a major military investment every year. The United States has also been a hub for innovation and advancement in technologies. Several research and development laboratories are present in this region for this purpose.
Asia Pacific is the fastest growing market in aircraft computers. Countries in this region have seen a surge in the tourism sector after the pandemic and this growing passenger count is a significant driver. Airlines are expanding their fleets in this region, which is leading to the growth in demand for aircraft computers. This region encompasses rising economies, growing middle-class population, and increased connectivity between cities. Border disputes and increased defense budgets in this region have also led to a high demand for state-of-the art aircraft computers for the defense aircraft.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increased air passenger traffic
Modernization & Aircraft Development
Military and Para Military Investments
Restraints
Stringent Regulations
Production Costs & Uncertainties
Cybersecurity Risks
Request Free Customization of this report to help us to meet your business objectives.
There are several key players in the global aircraft computers market and each of them specializes in different types of aircraft systems. These players compete based on innovation, technology, and overall system integration capabilities. This market is continuously driven by research and development efforts aimed at advancement in technology, better safety, and more efficiency. The market players are increasingly focusing on new product launches, agreements, contracts, collaborations, partnerships, and acquisitions to expand their market presence and gain a competitive edge. These key players are also heavily investing in technological advancements and government regulatory approvals to ensure safety and efficacy of the aircraft systems.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Aircraft Computers market analysis, there are several factors like rising air passenger traffic, increasing military investments, etc. which shape the path of Aircraft Computers market. The global market is poised for dynamic growth due to these reasons. Since every aircraft requires basic flight control and engine control devices, they remain to be the major segment type in aircraft computers. Flight management systems, which take care of the complete and overall working of an aircraft, is a rapidly growing market. Fixed wing aircraft make up the major share of aircraft globally today, whereas drones are becoming extremely popular for applications ranging from agriculture to entertainment and defense. Both OEM and the aftermarket of aircraft computers are equally important, and both dominate in specific point at the lifecycle of an aircraft computer. North America remains the largest market, whereas Asia-Pacific region is the rapidly growing one. The landscape of this market shows a very close competition between leading players like Boeing, Honeywell Corporation Inc., Curtiss Wright Corporation and Raytheon Technologies, each of them having carved out a niche for themselves and each excelling in them. One significant trend that is shaping the future of the aircraft computers market is the use of drone flight controllers. As the industry goes through these complexities, the stakeholders are faced with a unique situation where they need to take strategic decisions to properly exploit the results after considering all possible factors that drive the aircraft computers market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.4 Billion |
Market size value in 2032 | USD 9.98 Billion |
Growth Rate | 5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aircraft Computers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Computers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Computers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Computers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20A2227
sales@skyquestt.com
USA +1 351-333-4748