$230.8 Million Aircraft Interface Device Market 2017 by Aircraft Type, Connectivity, End User, Fit - Global Forecast to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Aircraft Interface Device Market Aircraft Type (NBA, WBA, RTA, VLA, Business Jet, Rotary Wing Aircraft, and Fighter Jet), Connectivity (Wired, and Wireless), End User (Civil, and Military), Fit (Linefit, and Retrofit) - Global Forecast to 2021" report to their offering.

The Aircraft Interface Device Market is Projected to Grow from USD 115.9 Million in 2016 to USD 230.8 Million By 2021, at a CAGR of 14.76% from 2016 to 2021

Increase in demand for new aircraft is one of the most significant factor expected to drive the growth of the aircraft interface device market

This growth can be mainly attributed to factors such as improved situational awareness and reduced maintenance cost with the use of aircraft interface device (AID). However, authorization from FAA and airworthiness regulations pertaining to AID may restrain the growth of this market.

Based on aircraft type, the narrow body segment is estimated to lead the of the aircraft interface device market in 2016. According to Boeing's Outlook 2016, the global fleet size of narrow body aircraft is 14,870. By the end of 2035, the global fleet size of narrow body aircraft is expected to reach 32,280. The increased requirement for regional aircraft and rapid adoption of AID is expected to drive the growth of the segment in the coming years.

Based on fit, the retrofit segment is estimated to lead the aircraft interface devices market. The increasing upgrades associated with electronic flight bags of Class 2 and Class 3 and the consequent rise in the need for fully connected aircraft is expected drive the growth of this segment. The development of advanced and sophisticated in-flight entertainment systems is projected to further aid the growth of the segment.

North America is estimated to be the largest market and Asia-Pacific is projected to be the fastest-growing market for aircraft interface device during the forecast period

Some of the major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.), among others are based in this region, and leading to high aircraft interface device in North America.

Market Dynamics

Drivers

  • Improved Situational Awareness Through the Use of Aid
  • Reduced Maintenance Cost With the Use of Aid
  • Increase in Demand for Aircraft
  • Reduced Operational Cost Due to Less Fuel Consumption With the Help of Aid

Restraint

  • Authorization from Faa And Airworthiness Regulations Pertaining to Aid

Opportunities

  • Benefits Associated With Advanced In-Flight Entertainment Services
  • Installation of Aid for Commercial Helicopters

Challenges

  • Cyber Security And Vulnerability Associated With Wireless Devices
  • Software Errors And Program Design Issues of Aid
  • Compatibility Issues for Retrofit of Aid

Companies Mentioned

  • Arconics
  • Astronics Corporation
  • Esterline Technologies Corporation
  • Navaero Inc.
  • Rockwell Collins, Inc.
  • Teledyne Technologies
  • United Technologies Corporation

For more information about this report visit http://www.researchandmarkets.com/research/kw8qvq/aircraft

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Avionics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Avionics