According to the new research report published by The Insight Partners, titled “Aircraft Interface Device Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Platform, Connectivity, Fit Type, and Aircraft Type,” the market is projected to reach US$ 354.10 million by 2028 from US$ 174.06 million in 2021; it is expected to grow at a CAGR of 11.5% from 2022 to 2028.
The aviation industry is adopting advanced information technologies, which are anticipated to transform the decision-making capability of the industry and make the new implementations faster than before. The aircraft interface devices analysis through the Electronic Flight Bag (EFB) uses thousands of distinct software algorithms to process radar data and raw flight plans from the air traffic control (ATC) system. Owing to the benefits of the system, the aircraft OEMs are consistently emphasizing on installing advanced AIDs on their models. This is driving the aircraft interface device market size.
Aircraft modernization includes modern digital communication systems, new engines, inflight entertainment, advanced armaments, navigation flight systems, and data recorders. The transformation of aircraft is beneficial for the aircraft interface device (AID) manufacturers as the advanced AID is reliable and more accurate. Also, it has enhanced connectivity and communication and a high capacity to store data. These benefits of aircraft interface devices increase the scope of their adoption among the defense forces and commercial airliners to modernize the connectivity and communication system to have efficient aircraft functioning.
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The aerospace industry in Europe began to witness airspace inefficiencies, activity delays, and insufficient flights with the initial spread of COVID-19 in the region in 2020. The commercial, military, and general aviation aircraft manufacturers present in the region faced an enormous challenge in 2020 due to the severe disruption in component supply, coupled with a decrease in demand for their models, thereby decelerating the growth of the aircraft interface device market in Europe. The aerospace industry in the EU is anticipated to recover gradually due to a slower economic recovery in countries and the burgeoning importance of international services. According to the IATA, the European aviation industry faced a net loss of ~US$ 26.9 billion in 2020.
The aircraft interface device market is segmented based on platform, connectivity, fit type, aircraft type, and geography. Based on platform, the aircraft interface device market is segmented into hardware and software. Based on connectivity, the aircraft interface device market is categorized into wired and wireless. By fit type, the market is bifurcated into line fit and retrofit. Based on aircraft type, the market is divided into fixed wing and rotary wing. Based on geography, the aircraft interface device market is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The key aircraft interface device market players include Boeing, Collins Aerospace., Honeywell International Inc., and Teledyne Controls LLC.
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