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Aircraft Switches Market Size, Share, Growth, Industry Trends And Research Report 2023 | Safran Group, Curtiss-Wright Corporation, Esterline Technologies Corporation, Meggitt PLC, Eaton Corporation
Aircraft Switches Market Report
The Business Research Company's Aircraft Switches Global Market Report 2023 identifies the increasing demand for aircraftas the major driver for the aircraft switches market's growth in the forecast period. Aircraft refers to any vehicle that is designed to fly through the air, either by using a static lift or dynamic lift of an airfoil or by direct downward thrust from its engines. In aircraft, switches are used to control and monitor various aircraft systems. The majority of switches are located on the cockpit dashboard and include toggle switches, push-button switches, rocker switches, and others.
The global aircraft switches market size is expected to grow from $2.23 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft switches market size is expected to reach $2.75 billion in 2027 at a CAGR of 4.1%.
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Major competitors in the aircraft switches market are Safran Group, Curtiss-Wright Corporation, Esterline Technologies Corporation, Meggitt PLC, Eaton Corporation.
A key trend in the aircraft switches market includes product innovation. Major companies operating in the aircraft switches market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in April 2021, EnOcean GmbH, a Germany-based wireless services provider launched a new kinetic switch module for radio-based toggle switches named PTM 202. It is a battery-free product and obtains energy by the press of a button. The electro-dynamic generator ECO 200 propels the PTM 202 module by pushing either of the two sides of its top section to the far end position.
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The aircraft switches market is segmented -
•By Type: Manual, Automatic
•By Platform: Fixed Wing, Rotary Wing
•By Application: Aircraft Systems, Cockpit, Engine And APU, Avionics, Cabin, Other Applications
•By End-User: Original Equipment Manufacturer (OEM), Aftermarket
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft switches market.
The Business Research Company's "Global Aircraft Switches Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aircraft Switches Market Include:
1. Executive Summary
2. Aircraft Switches Market Characteristics
3. Aircraft Switches Market Trends And Strategies
4. Aircraft Switches Market - Macro Economic Scenario
5. Aircraft Switches Market Size And Growth
……
26. Africa Aircraft Switches Market
27. Aircraft Switches Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Switches Market
29. Aircraft Switches Market Future Outlook and Potential Analysis
30. Appendix
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