Aircraft Interface Device Market to witness 12.5% CAGR over the Next Five Years

Stratview Research has launched a research report on Aircraft Interface Device Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Interface Device Market from 2017 to 2022.

This report is segmented in four ways to provide a 360-degree holistic view. The segments are –
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
● by Connectivity Type (Wire based AID and Wireless based AID)
● by Fit Type (Line Fit and Retrofit)
● and by Region
○ North America (Country Analysis: The USA, Canada, and Mexico)
○ Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of the Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
○ Rest of the world (Country Analysis: Middle East, Latin America, and Others)

Stratview Research, has presented the study of Aircraft Interface Device Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Astronics Corporation, United Technologies Corporation, Teledyne Controls, NavAero Inc., Rockwell Collins, and Esterline Technologies Corporation are the key players in the global aircraft interface device market. New product development and collaboration with OEMs are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

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Commercial aircraft has been the largest segment of the market

The aircraft interface device market is expected to grow at a double digit CAGR of 12.5% during the forecast period of 2017 to 2022. Increasing deliveries of new commercial aircraft; requirement of efficient avionics integration system for real-time analytics; rising demand for easy access and low maintenance device; growing demand for better flight experience; and advancement in the technology are some of the growth drivers of the aircraft interface device market.

The aircraft interface device market is segmented based on aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Commercial aircraft has been the largest segment of the aircraft interface device market and is forecasted to remain the largest segment over the next five years. The segment is also likely to witness the fastest growth for the same period, driven by an increased production rates of major
commercial aircraft, such as B737, A320 family, A350XWB, and B737; an expected entry of upcoming aircraft, such as Comac C919; and rising aircraft fleet.

Wireless based aircraft interface device to witness the fastest growth
The aircraft interface device market is segmented based on connectivity type as wire and wireless. Wireless based aircraft interface device is projected to witness the fastest growth over the next five years. Wireless interfaces will continue to replace the traditional wired interface devices as they offer several benefits, such as ease of access, better connectivity, better device interface, and ease of handling.

Retrofit to remain the largest fit segment type

The aircraft interface device market is segmented based on fit type as line fit and retrofit. Retrofit is likely to remain the largest fit type during the forecast period, driven by rising fleet size, increasing requirement of upgrade the traditional system for better real-time analytics, an advancement in technology. Both line fit and retrofit are likely to witness a healthy growth over the next five years.

North America to remain the largest market

North America is projected to remain the largest market for aircraft interface device during the forecast period. North America is the manufacturing capital of the aerospace industry with the presence of small to large OEMs in each aircraft category. The region also owns one of the largest commercial aircraft fleets worldwide. Asia-Pacific is expected to experience the fastest growth for the same period. The gradual shift of manufacturing/assembly plants of OEMs and upcoming indigenous commercial and regional aircraft, such as Comac C919, ARJ21, and MRJ, fuelled by increasing passenger traffic are likely to drive the Asia-Pacific region in the coming years.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Aircraft Interface Device Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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This release was published on openPR.