At 18.6% CAGR, Aircraft Interface Device Market Size will reach 678.7 Mn USD by 2027
MarketStudyReport.com Adds New Aircraft Interface Device Market 2019 – 2027 research report providing information and data by Platform, Connectivity, Fit Type, Aircraft Type, Industry Analysis, Regional Outlook, Competitive Market Share & Forecast spreading across 195 Pages with table and figures in it.
Delaware, Selbyville – August 19, 2019 /MarketersMedia/ —
Aircraft Interface Device market by fit type is segmented into line fit and retrofit. Retrofit holds the highest market share. Retrofitting or aircraft modification is one of the key trend among the commercial airlines and military sector. The aircraft component manufacturers are expanding their product and service portfolios rapidly and therefore, the commercial airlines and defense authorities are increasingly upgrading their existing fleets with advanced technologies to keep up with the latest technologies. This factor has positively impacted on the Aircraft Interface Device manufacturer?s businesses, which is anticipated to drive the Aircraft Interface Device market for retrofit in the coming years.
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A key trend which will predominantly affect the Aircraft Interface Device market in the coming years is the advancement in technologies, and thus, the aircraft manufacturer is focusing on the development of wireless Aircraft Interface Devices. Pertaining to the fact that, wired Aircraft Interface Devices is gaining prominence in both the commercial and military aviation sector, the manufacturers are developing technologically robust Aircraft Interface Devices. The wireless Aircraft Interface Devices are much lighter in weight as compared to wired Aircraft Interface Devices and also omit the risks associated with loose interconnection and timely wiring maintenance. This factor is attracting several commercial airlines to adopt the advanced Aircraft Interface Devices and enhance the fleet operations in recent times, which pose a significant opportunity for the industry players operating in the Aircraft Interface Device market. These factors are anticipated to gain traction in the coming times having a substantial impact of the Aircraft Interface Device market.
The global Aircraft Interface Device market is accounted to US$ 159.8 Mn in 2018 and is expected to grow at a CAGR of 18.6% during the forecast period 2019 ? 2027, to account US$ 678.7 Mn by 2027. The global Aircraft Interface Device market is experiencing steady growth during the forecast period. Owing to the continuously growing disposable income among the population, the need for air travel is also increasing at a similar pace. The commercial air traffic is anticipated to rise at a decent growth rate in near future, despite different challenges such as rising fuel costs, technical faults causing accidents and others. However, an increasing number of aircraft across the globe and strict governmental regulations are directly impacting on the growth of Aircraft Interface Device market in the current scenario.
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The overall Aircraft Interface Device market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Aircraft Interface Device market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Aircraft Interface Device industry.
Table of content:
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Aircraft Interface Device Market ? By Platform
1.3.2 Global Aircraft Interface Device Market ? By Connectivity
1.3.3 Global Aircraft Interface Device Market ? By Fit Type
1.3.4 Global Aircraft Interface Device Market ? By Aircraft Type
1.3.5 Global Aircraft Interface Device Market ? By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft Interface Device Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinion
4.4 Porter?s Five Forces Analysis
4.4.1 Bargaining Power of Buyers:
4.4.1.1 Large Numbers of Aircraft Manufacturers
4.4.2 Bargaining Power of Suppliers:
4.4.2.1 Supplier Concentration is Moderately Growing
4.4.3 Threats to Substitutes:
4.4.3.1 Existence of Aircraft Health Monitoring Systems and Flight Tracking Systems
4.4.4 Threats of New Entrants:
4.4.4.1 Established Players Capture the Maximum Market
4.4.5 Degree of Competition:
4.4.5.1 Large Number of Well Established Players with Balanced Financial Status
5. Aircraft Interface Device Market ? Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Number of Aircrafts Globally
5.1.2 Accentuating Demand of Connected Aircrafts
5.2 Key Market Restraints
5.2.1 Susceptible to Cyber-Attacks
5.3 Key Market Opportunities
5.3.1 Escalating Demand of Wireless AID?s
5.4 Future Trends
5.4.1 Increasing Number of Low Cost Carriers to Accentuate the Demand
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Interface Device? Global Market Analysis
6.1 Global Aircraft Interface Device Market Overview
6.2 Global Aircraft Interface Device Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. Global Aircraft Interface Device Market Analysis ? By Platform
7.1 Overview
7.2 Global Aircraft Interface Device Market Breakdown, By Platform, 2018 & 2027
7.3 Hardware
7.3.1 Overview
7.3.2 Global Hardware Revenue and Forecasts to 2027 (US$ Mn)
7.4 Software
7.4.1 Overview
Related Report:
Global (United States, European Union and China) Aircraft Interface Devices Market Research Report 2019-2025
Innovations in communication technology, airports, flight decks, and cabins, along with flexible and worldwide air and ground networks, drive aviation information technology. Aviation information technology solution providers are coming up with advanced devices, such as electronic flight bag (EFB) and in-flight entertainment (IFE), which enhance the connectivity in aircraft to achieve unprecedented efficiency, convenience, and safety across the aerospace industry. The integration of these advanced devices requires a compatible aircraft interface device (AID) that will protect avionics data from corruption and unauthorized interference and solve problems in avionics system.
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