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Aircraft Interface Device (AID) Market Professional Survey Report By Platform, Fit Type, Manufacturers, Sales And Segmentation To 2027

10-17-2019 03:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Paerners

The Insight Paerners

The Insight Paerners

The global aircraft interface device (AID) market is accounted to US$ 159.8 Mn in 2018 and is expected to grow at a CAGR of 18.6% during the forecast period 2019 – 2027, to account to US$ 678.7 Mn by 2027.

APAC is anticipated to be the fastest growing region, and North America is the highest revenue contributor throughout the forecast period in the Aircraft Interface Device market owing to an estimated passenger count of 3.5 Billion by 2036 as compared to 1.4 Billion in 2016. Attributing to the triggering passenger's count in economies such as China, India, Indonesia, and Japan, the APAC region is making significant advancements in aerospace sector on year on year basis. As a result of this, the number of aircrafts in these countries are expected to increase significantly; also, the demand for advanced avionics products are soaring among the commercial airlines. These two factors are positively impacting on the growth of APAC Aircraft Interface Device market.

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The Aircraft Interface Device market by aircraft type is segmented into fixed wing and rotary wing. The significant rise in air passenger traffic has led the commercial airlines to procure an increased number of fixed-wing aircraft. Similarly, the demand for transportation of various goods, military vehicles, and military personnel is favoring the growth of fixed wing and rotary wing transport aircraft fleets in military segment. Also, to strengthen their Air Forces and Naval Forces, various defense forces are adopting newer fixed wing and rotary wing aircraft. Thus, enhancing the Aircraft Interface Device market in the forecast period.

The aviation industry is currently at an interesting phase where advanced information technology is anticipated to transform the decision making capability of the industry and make the new implementations faster than before. A couple of years ago, the Aircraft Interface Device analysis through electronic flight bag (EFB) used thousands of distinct software algorithms for processing radar data and raw flight plan from the ATC (Air Traffic Control System). The modernization of aircraft includes modern digital communication systems, new engines, inflight entertainment, advanced armaments, navigation flight systems, and data recorders, among others. The advanced aircraft interface devices offered to the aircraft manufacturers nowadays are more reliable. These devices have enhanced connectivity and communication, along with the high capacity to store data, which is influencing the Aircraft Interface Device market to prosper during the forecast period.

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Aircraft Interface Device (AID) Market Key Players :
• Astronics Corporation
• Avionica, Inc.
• Esterline Technologies Corporation
• SCI Technology, Inc.
• Honeywell International Inc.
• United Technologies Corporation
• Teledyne Technologies, Inc.
• Thales Group
• Viasat Inc.
• Global Eagle Entertainment Inc.

Contact Us:
Email Id: sales@theinsightpartners.com
Phone : +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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