Global Aircraft Computers Market Size 2024, Forecast To 2033
6 Mar, 2024
The aircraft computers market size has grown strongly in recent years. It will grow from $5.82 billion in 2023 to $6.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to avionics evolution, safety regulations, rise of digital cockpits, increased automation, military applications.. The aircraft computers market size is expected to see strong growth in the next few years. It will grow to $7.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to advanced avionics requirements, ai and machine learning integration, increased connectivity needs, autonomous flight development, cybersecurity measures.. Major trends in the forecast period include compliance with green initiatives, adaptive and autonomous systems, efficiency and performance improvements, edge computing adoption, rise of artificial intelligence.
Global Aircraft Computers Market Key Driver
An uptick in air traffic is set to fuel the expansion of the aircraft computers market in the coming years. Air traffic encompasses the movement and operations of aircraft both in the air and on airport surfaces, excluding loading ramps and parking areas. Aircraft computers play a pivotal role in controlling air traffic by processing vast amounts of data. Consequently, advanced flight control and communication systems reliant on aircraft computers are essential for efficient air traffic control. The growth in air traffic is further bolstered by increasing tourism activities. Notably, data from the International Air Transport Association (IATA) in April 2023 revealed significant growth in air traffic. Total air traffic surged by 55.5%, with domestic traffic witnessing a 25.2% increase compared to the previous year. Additionally, international traffic recorded an impressive 89.7% surge compared to February 2022. Therefore, the rise in air traffic acts as a key driver behind the growth of the aircraft computers market, which is expected to expand significantly by 2028.
Get A Free Sample Of The Global Aircraft Computers Market ReportGlobal Aircraft Computers Market Segments
The aircraft computers market covered in this report is segmented –
1) By Product Type: Flight Controls, Flight Management Computers, Engine Controls, Utility Control, Mission Controls
2) By Platform Type: Fixed-Wing Aircraft, Rotary Wing Aircraft, UAV (Unmanned Aerial Vehicles)
3) By Component Type: Hardware, Software
4) By End-User Type: OEM (Original Equipment Manufacturer), Aftermarket
By Geography:The regions covered in the aircraft computers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the aircraft computers market in 2023. The regions covered in the aircraft computers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aircraft Computers Industry Players
BAE Systems plc, Cobham plc, Curtiss-Wright Corporation, Honeywell International Inc., Rockwell Collins- RTX Corporation, Saab AB, Safran S.A., Thales Group, TransDigm Group, Garmin Ltd., General Electric Co., General Dynamics Mission Systems Inc., Lockheed Martin Corporation, Thommen Aircraft Equipment Ltd., Air Data Inc., Airbus SE, Sagetech Avionics Inc., Advanced Aircraft Company, Xwing Inc., Scientific Systems Company Inc., Formic Technologies Inc., Anduril Industries Inc., Seoul Robotics, Starship Technologies, Voliro Airborne Robotics Company, Attabotics, Kongsberg Defence & Aerospace AS, Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., AeroVironment Inc., Northrop Grumman Corporation, Boeing Company
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Aircraft Computers Market Overview
An aircraft computer is an electronic device utilized on or in association with any airborne vehicle or structure to perform calculations. These devices help in navigation, monitoring, and ensuring the safety and efficiency of the aircraft.
Aircraft Computers Global Market Report 2023 provides data on the global aircraft computers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft computers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.