Aircraft Cockpit Control Panels Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Aircraft cockpit control panel includes an integrated system of wires, connectors, switches, and many other electronic components, acting as a commanding centre of the aircraft. The control panel helps in the control of speed, altitude, vertical speed, vertical navigation, lateral navigation, AC temperature and lighting of the aircraft. The advancement in electronic components technology and rise in number of aircraft in commercial fleet is driving the growth of the market.

MARKET SCOPE

The "Global Aircraft Cockpit Control Panels Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Cockpit Control Panels market with detailed market segmentation by component, application, platform type, and geography. The global Aircraft Cockpit Control Panels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Cockpit Control Panels market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global Aircraft Cockpit Control Panels market is segmented into connectors, embedded wiring, lamps, LEDs, indicators, other.
  
•   On the basis of application, the market is segmented into lighting control and illuminated panel, control and switch panel, audio control panel, and others.
  
•   Based on platform type, the market is segmented into commercial aircraft, business jets, military aircraft, helicopter.
  

MARKET DYNAMICS

Drivers:

•   Rising requirement of pilot-friendly Aircraft Cockpit control panels
  
•   Integration of advanced technologies and manufacturing techniques in Aircraft Cockpit Control Panels
  
•   Development of new aircraft and replacement of control panels in existing ones
  

Restraints:

•   Saturated technology of existing Aircraft Cockpit Control Panels
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Cockpit Control Panels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Cockpit Control Panels market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT COCKPIT CONTROL PANELS MARKET

The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. Major aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2021 due to the declining demand for air travel and wide-scale flight cancellation. Air cargo traffic levels contracted during the pandemic's peak due to weak global trade growth and capacity limitations. However, near-term cargo air traffic has begun to recover and creates a good market for Aircraft Cockpit Control Panels in the long term. In addition to the near-term impact, the global aviation industry implements longer-term strategies involving reduced capacity, shifting route patterns, and mitigation strategies related to the effects of COVID-19. Moreover, the requirement of Aircraft Cockpit Control Panels in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players.

MARKET PLAYERS

The report covers key developments in the Aircraft Cockpit Control Panels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Cockpit Control Panels market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Cockpit Control Panels in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Cockpit Control Panels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  Raytheon Technologies

  Honeywell International Inc.

  Groupe Latécoère

  Astronics Corporation

  Thales Group

  Firan Technology Group Corp. (FTG)

  EDN Aviation Inc.

  SKALARKI electronics Ltd.

  Safran S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Cockpit Control Panels Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Connectors Embedded Wiring Lamps LEDs Indicators By Application Lighting Control and Illuminated Panel Control and Switch Panel Audio Control Panel By Platform Type Commercial Aircraft Business Jets Military Aircraft Helicopter
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Raytheon Technologies Honeywell International Inc. Groupe Latecoere Astronics Corporation Thales Group Firan Technology Group Corp. (FTG) EDN Aviation Inc. SKALARKI electronics Ltd. Safran S.A.