Aircraft Video Survilience Market Forecast by 2031
The aircraft video surveilience market size is projected to reach US$ 775.4 million by 2031 from US$ 508.0 million in 2023. The market is expected to register a CAGR of 5.4% in 2023–2031. Advent of connected cabins and rise in investment towards expansion of aircraft fleet are among the key trends driving the aircraft video surveilience market.
Aircraft Video Surveilience Market Analysis
The global aircraft video surveillance market is displaying an upward trend for the past couple of years and it is anticipated to reflect a similar trend during the forecast period. The growth of the aircraft video surveillance market is majorly attributed to significant investments in the aerospace industry. Over the past few decades, the aviation industry has grown immensely. The growth rate of technological transformation has been outstanding, which stimulated the demand for various products and services. There is an increased adoption of aircraft video surveillance solutions in commercial aircraft owing to rise in demand for in-flight safety and security systems. Increasing number of complaints against airlines and improving regulatory standards of safety have highlighted the importance of aircraft video surveillance solutions.
Aircraft Video Surveilience Market Overview
The aircraft video surveillance market ecosystem comprises the following stakeholders: component/raw material providers, video surveillance system integrators, aircraft manufacturers, and airline companies. Raw material/components providers supply small parts, such as screws, cables, cameras, control panel, a distribution unit, video recorder, mounting brackets, camera cores, and sensors, to form an aircraft video surveillance system. Raw material is procured through various vendors in the video surveillance system integrating facility for further processing. System integrators carry out various processes, such as designing, assembling, and production to transform raw material/components into the finished product. Video surveillance system providers have a specific set of solutions to offer—such as cockpit door surveillance systems, cabin surveillance systems, and environmental camera systems.
Companies such as Collins Aerospace, AD Aerospace, and Cabin Avionics are among the leading manufacturers who provide a wide range of video surveillance systems. Aircraft manufacturers procure video surveillance systems to install them in aircraft fleets such as wide body aircraft and narrow body aircraft. Aircraft manufacturers have a tie-up with video surveillance solution providers to procure a specific set of the system, meeting the specific security standards. With rising digitalization, the system developers are focusing on developing a connected cabin solution with an enhanced camera installation in passenger cabins. Airline companies are adopting the aftersales services to upgrade the existing fleet with new video surveillance solutions under retrofit development.
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Aircraft Video Surveilience Market: Strategic Insights
Market Size Value in US$ 472.75 Million in 2019 Market Size Value by US$ 630.52 Million by 2027 Growth rate CAGR of 4.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Aircraft Video Surveilience Market: Strategic Insights
| Market Size Value in | US$ 472.75 Million in 2019 |
| Market Size Value by | US$ 630.52 Million by 2027 |
| Growth rate | CAGR of 4.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Aircraft Video Surveilience Market Drivers and Opportunities
Rising Demand for Enhanced Security in Aircraft Applications
The commercial aircraft fleet has experienced tremendous changes in the past few years in terms of functions, equipment, and features. To improve safety and security for passengers and crew members, airline companies are adopting video surveillance systems. This would help them to improve the brand image in a competitive market. Further, post 9/11 terrorist attack, the importance of security and surveillance systems has increased, especially in commercial aircraft. The installation of advanced surveillance system at passenger cabins and cockpit doors has become an essential aspect for airline companies.
For instance, Air Canada also imposed new directives to improve security in aircraft, such as installation of reinforced doors for blocking the intruders from entering the cockpit and installation of cockpit locks with video surveillance to verify the crew members. The new systems are fully connected video surveillance systems, which improve cargo bay security, flight crew protection, and flight deck safety. New product developments and increased need for enhanced security are bolstering the aircraft video surveillance market growth.
Increasing Demand for Business or Commercial Aircrafts
The business aviation sector is experiencing a significant rise in aircraft demand with an increasing number of corporate passengers. Business aviation is becoming a new tool for corporate development and growth strategy for enterprises. According to Dassault Aviation, more than 17,000 business jets are offering services for customers across the world. The US holds two-thirds of the fleet, and countries—such as Russia, China, and India—are experiencing a double-digit growth rate from the past few years. The benefits of business aircraft—such as confidentiality of travel, security, multiple stopovers, flexibility in terms of arrival and departure time, and time-saving by reducing multiple security checks—are among major factors driving the business aviation sector. With the rising production of business jets, the demand for video surveillance solutions is also increasing. Video surveillance systems are being deployed in business aircraft to enhance situational awareness and record incidents for analysis. Further, the solution is offering security benefits to flight crew and passengers by mounting cameras into the cockpit door, aircraft exteriors, and cabins. Collins Aerospace offers cabin video systems and Meggitt PLC offers aircraft cameras. Such video surveillance solutions are enhancing the security level in aircraft.
Aircraft Video Surveilience Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aircraft video surveilience market analysis are system type, fit type, and aircraft type.
- Based on system type, the aircraft video surveilience market has been divided cockpit door surveillance system, cabin surveillance system, and environmental camera system. The less than 24 inches segment held a larger market share in 2023.
- Based on the fit type, the aircraft video surveilience market has been divided into retrofit and line fit. The transport line segment held a larger market share in 2023.
- On the basis of aircraft type, the market has been segmented into wide body aircraft and narrow body aircraft. The refined products segment dominated the market in 2023.
Aircraft Video Surveilience Market Share Analysis by Geography
The geographic scope of the aircraft video surveilience market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Europe has dominated the aircraft video surveilience market in 2023. The European region includes Germany, France, Italy, Russia, the UK, and the Rest of Europe. The aerospace industry in Europe is matured and is growing at a significant rate due to the presence of a large number of aircraft manufacturers, advanced video surveillance solution providers, and a skilled workforce. There is a tremendous demand for video surveillance systems in the region as aircraft manufacturing companies are well aware of newer technologies. For instance, Airbus is offering advanced security and surveillance system in its A320, A330, A350, and A380 series aircraft models. The video surveillance solutions facilitate the aircraft crew to secure the flight deck and also to maintain high safety standards on-board.
Aircraft Video Surveilience Market Report Scope
Aircraft Video Surveilience Market News and Recent Developments
The aircraft video surveilience market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft video surveilience market and strategies:
- In October 2022, Optimized Electrotech launched flagship surveilience system. This new product can be deployed in minimal supervision areas and also strengthened the product portfolio of the company.
- In November 2023, Signia Aerospace acquired Meeker Aviation and Airfilm Camera Systems. This acquisition strengthened the product portfolio of the company in aircraft video survilience market.
Aircraft Video Surveilience Market Report Coverage and Deliverables
The “Aircraft Video Surveilience Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
System Type , Fit Type , and Aircraft Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, 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
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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