The aircraft interface device market size is projected to reach US$ 592.95 million by 2031 from US$ 199.25 million in 2023. The market is expected to register a CAGR of 14.6% during 2023–2031. Increasing number of low-cost airline/carriers is likely to remain key trends in the market.
The major stakeholders in the global aircraft interface device market include component manufacturers, aircraft interface device manufacturers and aircraft manufacturers and MRO service providers. An aircraft interface device is made up of various components which are procured by the system manufacturers from a huge base of component manufacturers. These component manufacturers supply the base parts to the global aircraft interface device market players. The aircraft interface device manufacturers are engaged in manufacturing of advance interface devices for commercial and military aircrafts for various transmitting data between the aircraft and ground staffs. Some of the major players operating in the market include Boeing, Collins Aerospace., Honeywell International Inc., and Teledyne Controls LLC., amongst others. The end users of the global aircraft interface device market include aircraft manufacturers and MRO services providers. The rise in demand for aircraft for both commercial and military purposes are rising the demand for aircrafts, thereby influencing the growing demand for AID. Similarly, the rising modernization of aircraft ad demand for other avionic services are increasing the demand for AIDs across MRO service providers as well.
The aircraft interface devices are gaining significant prominence over the years since the inception of the technology. The airframers are integrating aircraft interface devices on their modern fleets. The airlines or the aircraft operators are also retrofitting aircraft interface devices on their existing models in order to facilitate smooth and seamless real-time data transfer. The increasing trend of aircraft production and retrofitting of aircraft interface devices on the existing models are the two key reasons behind the growth of aircraft interface devices market.
There has been significant growth in the commercial aviation industry in the past decade. The airlines in the developed and developing nations are ordering a high number of aircraft to meet the constantly rising air travel demand. Owing to the continuously growing disposable income among the global population, the need for air travel is also increasing rapidly. Commercial air traffic is anticipated to maintain a constant growth rate, despite various challenges, such as rising aviation fuel costs and technical faults causing accidents. However, these challenges are overcome by the increasing number of passengers, which leads to more aircraft across the globe.
Wireless AIDs are much lighter in weight than wired AIDs and omit the risks associated with loose interconnection and timely wiring maintenance. This factor attracts several commercial airlines to adopt the advanced AIDs and enhance their fleet operations, which poses a significant opportunity for the industry players operating in the aircraft interface device market. Moreover, installing these wireless AIDs is simpler than their wired counterparts, thereby increasing the interest in opting for the wireless AIDs among airlines and military forces. Thus, the growing trend of adopting and equipping aircraft with wireless AIDs poses a substantial growth opportunity for the aircraft interface device market during the forecast period. This influences the global aircraft interface manufacturers to develop new products as per the client's requirements. For instance, during the National Business Aviation Association Convention in Las Vegas, Nevada, in October 2021, Avionica, LLC—one of the world's leading providers of connected aircraft solutions for powering secure data and communications for the aviation industry, will unveil its latest product innovation, the miniAID. The miniAID is a service that delivers aircraft data to pilots in a fast and wireless manner, allowing them to optimize their operations. These factors will further contribute to the demand for wireless AIDs over the forecast period.
Key segments that contributed to the derivation of the aircraft interface device market analysis are platform, connectivity, and aircraft type.
platform (hardware and software), connectivity (wired and wireless), fit type (line fit and retrofit), and aircraft type (fixed wing and rotary wing)
The geographic scope of the aircraft interface device market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America dominated aircraft interface device market in 2023. North America is the most prominent region in the current market, owing to the presence of a significant number of players operating in the market and being awarded by various airlines globally to retrofit their existing aircraft with AIDs. Further, the research and development investments of robust AIDs are maximum in the region, which is also a catalyzer for the aircraft interface device market in North America. Moreover, the US Department of Defense (DoD) invests substantial amounts in developing and adopting advanced avionics, facilitating the aircraft interface device market growth in the region. However, during the forecast period, the market attractiveness is foreseen to shift from North America to Asia Pacific due to the increasing procurement of newer aircraft and retrofitting activities among the airlines.
The regional trends and factors influencing the Aircraft Interface Device Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Interface Device Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 199.25 Million |
| Market Size by 2031 | US$ 592.95 Million |
| Global CAGR (2023 - 2031) | 14.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Platform
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Interface Device Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Interface Device Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aircraft interface device market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aircraft interface device market are listed below:
The “Aircraft Interface Device Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America dominated the aircraft interface device market in 2023.
Increasing number of aircraft fleet globally and stimulating demand for advanced technologies across aircraft models are some of the major factors driving the growth of the market.
Increasing number of low-cost carriers is one of the major trends in the market.
Boeing, Astronics Corporation, Collins Aerospace, Carlisle Interconnect Technologies, Anuvu, Honeywell International Inc, SCI Technology Inc, Teledyne Technologies, and Viasat Inc are some of the key players operating in the market.
The aircraft interface device market is likely to reach US$ 592.95 million by 2031.
The aircraft interface device market is likely to register a CAGR of 14.6% during 2023-2031.