Aircraft Computers Market Forecast, Trends, Scope by 2031
The aircraft computers market size is projected to reach US$ 8.67 billion by 2031 from US$ 5.26 billion in 2023. The market is expected to register a CAGR of 6.4% during 2023–2031. Deployment of inflight entertainment systems capabilities is likely to remain a key trend in the market.
Aircraft Computers Market Analysis
The aircraft computers market ecosystem is evolving. Its stakeholders are component suppliers, aircraft computer manufacturers, and end users. Major players occupy places in the second node of the market ecosystem. Component manufacturers provide different components such as actuators, sensors, and control systems to different product manufacturers who the utilize it to produce the final aircraft computer product, which is then supplied to aircraft manufacturers, MRO vendors, commercial airlines, military forces, and business jets or helicopter owners. Companies, such as BAE Systems Plc, Garmin Ltd., General Electric, General Dynamics Mission Systems, Honeywell International Inc., Lockheed Martin Corporation, Raytheon Technologies Corporation, SAAB AB, Safran, and Thales Group are among the leading manufacturers in the aircraft computers market. These companies are engaged in providing wide range of aircraft computers services to end-users, such as aircraft OEMs, commercial airliners, military forces, and general aviation owners and other customers respectively.
Aircraft Computers Market Overview
The growth of the aircraft computers market in North America is attributed to the presence of a large number of aircraft manufacturers, such as Boeing; Airbus; Lockheed Martin Corporation; Raytheon Technologies Corporation; General Dynamics Mission Systems, Inc.; and Northrop Grumman Corporation. The growing pipeline of upcoming aircraft deliveries, along with the presence of a large number of aircraft providers, is likely to favor the growth of the aircraft computers market in North America in the coming years. Escalating demand for aircraft computers in unmanned aerial vehicles (UAVs) is another factor supporting the market growth in this region.
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Aircraft Computers Market: Strategic Insights
Market Size Value in US$ 4,908.20 Million in 2021 Market Size Value by US$ 7,140.12 Million by 2028 Growth rate CAGR of 5.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Aircraft Computers Market: Strategic Insights
| Market Size Value in | US$ 4,908.20 Million in 2021 |
| Market Size Value by | US$ 7,140.12 Million by 2028 |
| Growth rate | CAGR of 5.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Aircraft Computers Market Drivers and Opportunities
Modernization of Existing Aircraft Fleets
The modernization of existing fleets helps enhance their sustainability by reducing fuel consumption and carbon emission, thereby improving flight performance. The development of advanced electronics systems and computers is generating the need to replace the older electronics system in the aircraft models that are currently in use. Several countries are emphasizing the development and procurement of next-generation aircraft fleets to modernize and expand their fleets which is aiding the demand for advanced aircraft computer systems. For instance, in May 2021, Lufthansa Group modernized its fleet and purchased 10 highly efficient long-haul aircraft, with an aim to improve efficiency and reduce operating costs. In addition, in January 2022, the French Defense Procurement Agency received the sixth ATL2 Maritime Patrol Aircraft upgraded from standard 5 to standard 6. The aim of the above mentioned upgradation initiative was to develop new technologies and integrate them into tactical mission systems, sensor subsystems, and display consoles of existing aircraft, followed by restoring aircraft performance to peak levels. The upgradation of such advanced system emerges the need for technologically viable aircraft computer systems which is propelling the market growth over the forecast period.
Expected Future Aircraft Deliveries and Popularity of Connected Electronic Modules
Boeing has received ~300 orders for the new generation of the 777 family, and in April 2022, it pushed the delivery of its first 777X plane to 2025. In May 2021, Airbus, planned an average A320 Family production rate of 45 aircraft per month, to attain this production rate by the fourth quarter of 2021; Furthermore, it is likely to boost its production rate to 64 aircraft per month by the second quarter of 2023, 70 aircraft per month by the first quarter of 2024, and 75 aircraft per month by 2024. In May 2022, Qantas confirmed its order for 12 units of Airbus A350-1000 for its ultra-long-haul Project Sunrise initiative. Further, as per the Commercial Market Outlook 2021–2040, published by Boeing, it expects to deliver a total of 43,610 aircraft, including 2,390 regional jets, 32,660 single-aisle aircraft, 7,670 widebody aircraft, and 890 freighter deliveries, in the next 20 years. Thus, the pipeline of aircraft deliveries is likely to present potential growth opportunities for the aircraft computers market players during the forecast period. Such factors are likely to push the demand for aircraft computers in the coming years.
Aircraft Computers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aircraft computers market analysis are component, type, platform, and fit type.
- Based on component, the aircraft computers market is divided into hardware and software. The hardware segment held a larger market share in 2023.
- Based on type, the aircraft computers market is segmented into flight controls, utility controls & ife systems, engine controls, mission computers, and flight management computers. The flight controls segment held a larger market share in 2023.
- By platform, the market is segmented into fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles. The fixed-wing aircraft segment held the largest share of the market in 2023.
- By fit type, the market is segmented into line fit and retrofit. The line fit segment held the largest share of the market in 2023.
Aircraft Computers Market Share Analysis by Geography
The geographic scope of the aircraft computers market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific. Further, Asia Pacific is likely to become the most dominant market for aircraft computers in the coming years. APAC has had a strong import of advanced commercial aircraft since the past few years owing to an increase in international travelers from across the globe in countries such as India, China, Japan, and Taiwan. Owing to the increasing count of aircraft and airports, the demand for aircraft MRO services will soar during the forecast period. The region is expected to account for ~40% of the future airline production to suffice the aircraft demand. The increasing number of airports and rising regional flight transportation between Asian countries are encouraging the demand for aircraft computers and systems to perform safer operations. To fulfill these needs, new and existing players are developing new systems, which, in turn, is expected to drive the market growth across the Asia Pacific region in the coming years.
Aircraft Computers Market Report Scope
Aircraft Computers Market News and Recent Developments
The aircraft computers 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 computers market are listed below:
Universal Avionics (UA), an Elbit Systems company, has successfully completed initial flight tests of its NexGen, software-based interactive Flight Management System (i-FMS). The flight tests were conducted in Austria on a government-owned Bell 212 helicopter as part of a joint effort with Elbit to improve flight management and navigation capabilities for the customer. (Source: Universal Avionics, Press Release, Dec 2023)
- CMC Electronics today announced a multi-year contract with Swiss-based Pilatus Aircraft Ltd. for the purchase of its cutting-edge avionics solutions for the PC-21 Next Generation Trainer. (Source: CMC Electronics, Press Release, Aug 2023)
Aircraft Computers Market Report Coverage and Deliverables
The “Aircraft Computers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Aircraft computers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft computers market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Aircraft computers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the aircraft computers market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, Platform, and Fit Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the aircraft computers market in 2023.
Increasing number of aircraft deliveries and modernization of existing aircraft fleets are some of the factors driving the growth for aircraft computers market.
Deployment of inflight entertainment systems is one of the major trends of the market.
BAE Systems Plc, Garmin Ltd, General Electric, General Dynamics Mission Systems Inc, Honeywell International Inc, Lockheed Martin Corporation, Raytheon Technologies Corporation, SAAB AB, Safran Group, and Thales SA are some of the key players profiled under the report.
The estimated value of the aircraft computers market by 2031 would be around US$ 8.67 billion.
The aircraft computers market is likely to register of 6.4% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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