The globalaircraft switches market demand is projected to grow from USD 2.01 billion in 2021 to USD 2.60 billion by 2028. In todays technologically advanced world, the popularity of personalized seatback screens is surging rapidly. It is set to propel the demand for unique in-flight entertainment connectivity (IFEC) featuring real-time connectivity and data usage. Panasonic Avionics Corporation, for instance, bagged a new contract in July 2020 from Air Liban S.A., the national airline of Lebanon. It would enable the former to provide IFEC solutions for the latters 15 Airbus A321 aircraft. Fortune Business Insights published this information in a report, titled, Aircraft Switches Market, 2021-2028. The report further states that the market stood at USD 1.87 billion in 2020. It is expected to showcase a CAGR of 3.71% in the forecast period between 2021-2028.
Duncan Aviation Installs Collins Aerospace Pro Line Fusion in Challenger 604
In March 2021, the avionics team of Duncan Aviation declared its plan to install the Pro Line Fusion from Collins Aerospace in a Challenger 604 at Michigan. The integrated, fully connected, scalable avionics system has intuitive decision-making and advanced situational awareness tools. Additionally, it possesses weather-threat detection systems, heads-up vision systems, and touch-control primary flight displays to help pilots fly with greater accuracy.
Drivers Restraints-
Increasing Demand for Aircraft from Flight Schools High Passenger Traffic to Boost Growth
The introduction of next-generation aircraft equipped with integrated digital interfaces is anticipated to reduce the pilots workload and improve reliability. At the same time, the procurement of new aircraft has increased at a fast pace on account of the rising number of air commuters across the globe. According to the International Air Transport Association (IATA), by 2037, there will be approximately 8.2 billion air passengers worldwide. Various airlines are striving to expand their fleets. Also, the high demand for aircraft for a wide range of applications, such as personal planes and flight schools would augment the aircraft switches market growth in the upcoming years. However, airlines are rapidly adopting touchscreens to improve the pilots and passengers travel experience. It may obstruct growth.
Fortune Business Insights lists out the renowned manufacturers of aircraft switches operating in the global market. They are as follows:
- TE Connectivity (The U.S.)
- Eaton Corporation (The U.S.)
- Safran (France)
- Hydra-Electric Company (The U.S.)
- ITT Inc. (The U.S.)
Browse Summary
https://www.fortunebusinessinsights.com/aircraft-switches-market-105291
