Glass Cockpit for Aerospace Market is expected to Reach USD 2538.03 Million by 2026, Key Players - Garmin, Esterline Technologies Corporation, Elbit Systems, Dynon Avionics, Avidyne Corporation, Aspen Avionics

Global Glass Cockpit for Aerospace Market is accounted for $1,587.84 million in 2017 and is expected to reach $2,538.03 million by 2026 growing at a CAGR of 5.4% from 2017 to 2026. Some of the key factors responsible for the market growth include automation of flight controls, increased demand for new aircraft by airlines and adoption of high-end technologies. However, factors such as increased complexity and occurrence of display blackout owing to sudden system failure are restraining the market growth.

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An aircraft cockpit comprises of electronic flight instruments display, such as altimeter, direction, gyroscope, and air speed. These aircraft cockpits are known as glass cockpit and it includes LCD screens rather than the conventional analog systems. The glass cockpit systems consists of several displays which are connected to the flight management system, and can be altered to display flight information as required. The glass cockpit has replaced the conventional (Electronic Flight Instrumentation Systems EFIS) warning lights and mechanical gauges, but still they are used in some aircrafts as backups in case of electronic flight instrumentation system malfunction. At present, glass cockpit is largely used in commercial aviation aircrafts such as Boeing 737NG, Boeing 747-400, Boeing 777, and Tupolev Tu-204 among others.

Top Players:
Some of the key players in Glass Cockpit for Aerospace market include Garmin Ltd, Esterline Technologies Corporation, Elbit Systems Ltd, Dynon Avionics, Avidyne Corporation, Aspen Avionics, Inc, GE Aviation, Honeywell Aerospace, Inc, L3 Technologies, Lockheed Martin, Northrop Grumman Corporation, Rockwell Collins, Inc, Thales SA and Universal Avionics Systems Corporation.

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Market Segments:
Amongst End User, Commercial aviation segment accounted for significant market share during the forecast period due to the glass cockpit system is an advanced technology in the commercial aviation industry; the manufacturers are still conducting research in order to make the system more robust and user friendly. The major advancement in glass cockpit mechanism includes integration of touchscreen facility, and this is touchscreen technology is expected to boost the market to a greater extend over the years. By Geography, Asia-Pacific ranks as the fastest growing market with a comparatively higher growth rate. In Asia Pacific the share would be captured by the Japan, China, and India over the forecast period.

Aircraft Types Covered:
• Air Transport
• Business Jet
• Cargo
• Fighter Jet
• Helicopter
• Special Mission
• Trainer Aircraft

Display Sizes Covered:
• Greater Than 10 inches
• Inches to 10 inches
• Less Than 5 inches

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This release was published on openPR.