Forecasting the Future Growth in 2023 and Air Data Computer Market Shares of Top Companies

Market Overview:
An air data computer (ADC) is an essential avionics component found in modern aircraft. Air data computers are used by aircraft to acquire and process data from pitot and static pressure sensors, data buses and analog inputs to obtain key air data parameters such as altitude, airspeed, height deviation and temperature to ensure safe and accurate flight detail, on both rotary and fixed wing aircraft.The outbreak of covid -19 affected the normal operation of the industryThe raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on air data computer industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected.The demand of civil aircraft market is increasingFrom 2009 to 2018, the global aviation industry is developing rapidly in golden decade. The industrial scale is expanding rapidly, and the turnover of civil aviation cargo, mail and passengers is increasing year by year. In 2019, global industrial growth was slow, trade friction escalated, and major economies stepped into cyclical and structural growth slowed down. Despite the downward pressure of macro-economy, the air passenger turnover (Revenue Passenger Kilometers, RPK) increased by 4.2%, and the capacity (Available Seat Kilometers, ASK) increased by 3.4%. The market still showed the trend of demand exceeding supply, and the number of aircraft kept increasing. In recent years, due to the strong support of national and local governments for navigation operation, short-distance transportation, official flights, low-altitude tourism and other activities have become increasingly frequent, increasing the demand for civil aviation.After the epidemic, with the continuous economic recovery, the turnover of civil aviation, cargo, mail and passengers recovered and increased, and the development of civil aircraft market promoted the growth of Air Data Computer market.Price fluctuation of raw materialsRaw materials are an important part of air data computer industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of air data computer. Since last year, the fluctuation of global commodity prices has intensified. The digital air data computer consists of sensors, input interfaces, central processing unit components, output interfaces, self-checking and fault monitoring systems, etc. Air data computer's raw materials include chips, sensors and various electronic components. In recent two years, the supply of electronic components has been in short supply, and the prices of raw materials are on the rise. Most air data computer manufacturers are facing the pressure of rising raw material costs.

Air Data Computer market reached a value of USD 104.01 million in 2022. It's expected that the market will achieve USD 148.28 million by 2028, exhibiting a CAGR of 6.09% during the forecast period.

A thorough understanding of the Electronic Devices sector and its commercial potential is the aim of the market study. The Air Data Computer Market Report has 99 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Market Segmentation:
Leading Players in the Air Data Computer Industry:
THOMMEN AIRCRAFT EQUIPMENT
Astronautics Corporation of America
Meggitt Avionics
AMETEK Inc.
Curtiss-Wright
Air Data
Honeywell
Aeroprobe
Rockwell Collins
Shadin Avionics

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Analog
Digital

Based on Application:
Civil aircraft
Military aircraft

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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Air Data Computer market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Air Data Computer market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/22903645

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.