Aircraft Computers Market Size, Share, Growth Analysis, By Type (Flight Controls (Flight Augmentation Computers, Flight Guidance Computers, Flight Control Computers, Flight Director Computers), By Platform (Fixed Wing Aircraft (Commercial Aviation [Narrow Body Aircraft, Regional Transport Aircraft, Wide Body Aircraft, Very Large Aircraft]), By Component(Hardware, Software), By End User  (OEM, Aftermarket), By Region - Industry Forecast 2024-2031

Drivers

Increased air passenger traffic

• Lifting of the lockdown after pandemic in various parts of the world has resulted in a huge number of people again travelling to different places. Tourism has opened, and most tourist places are being flocked to by people who couldn’t travel due to COVID-19. Launching of more fleet has become a necessity for aircraft carriers. This has been a major driver in the immense growth of the aircraft computers market. Also, as the cities are developing, especially in the developing countries, the need for interconnectivity between their cities is increasing. This has resulted in the governments encouraging airlines to introduce more flights to already existing ones or create new flight routes.

Modernization & Aircraft Development

• Both civil and military aircraft are globally investing in modernization of their existing fleets. This upgradation is necessary to enhance the overall performance, efficiency, and safety of the flights. Growing environmental concerns, and government regulations are also pushing aircraft to become more fuel efficient. Demand for low-cost carriers is also on the rise. Moreover, the launching of next-generation advanced aircraft leads to the need for advanced computer systems. Along with this, evolving regulatory and safety standards all over the world often require upgrading the existing systems. This also drives the continuous growth of the market.

Military and Para Military Investments 

• The growing need for aircrafts for military services is one of the main factors driving the Aircraft Computers market. Especially after the recent Russia-Ukraine war crisis, every country is currently concentrating on strengthening their air and naval bases. Territorial disputes are also on the rise in many regions of the world. Hence, military forces worldwide are investing in modernization of their fleet, to have an edge over their enemies, in case of any ware like situation.

Restraints 

Stringent Regulations

• Safety is of the utmost importance in the Aerospace Industry. Compliance with the strict regulations and standards is therefore a significant challenge. The development costs and product launch time are two main pain points when it comes to the production of the aircraft computers. Environmental regulations are also on the rise, where aircrafts must invest more for becoming fuel-efficient.

Production Costs & Uncertainties

• Aircraft computer systems require huge developmental costs which include costs for research, development, testing and innovation. Smaller aircraft companies often face challenges in this market, when they must provide safe and efficient aircraft for passengers at low costs. Economic crises happening in the recent past like COVID-19, Russia-Ukraine war have impacted the global aircraft industry negatively. There have been disruptions in the supply chain, leading to hampering the production of these computer systems.

Cybersecurity Risks

• Like all computers, aircraft computers are also at a security risk. It is much more crucial for aircraft computer systems to remain protected, as they are responsible for the flight and engine controls. Potential cybersecurity threats are on the rise, and protecting aircraft computers is a continuous challenge. It requires ongoing research and investments for its protection.