Aircraft Computers Market Set to Exceed USD 12.56 Bn by 2030 & Revolutionizing Aviation Operations, Innovative Aircraft Computers Propel Market Growth.

Aircraft Computers Market Scope & Overview:

The SNS Insider forecast reveals that the Aircraft Computers Market, valued at USD 7.91 billion in 2022, is poised to achieve a remarkable market size of USD 12.56 Billion by 2030. The anticipated growth, with a compound annual growth rate (CAGR) of 5.96%, is fueled by the pivotal role played by advanced Aircraft Computers in shaping the aviation landscape.

Aircraft Computers stand as the nerve center of aviation operations, orchestrating crucial functions from aircraft design to engine control. Particularly integral in military aircraft, these computers serve as the neutral core of aircraft operations, managing essential tasks such as take-off, cruise, descent, and more. Key market players recognize the industry's potential, investing in components like aircraft actuators, cockpit controls, flight control computers, and trim actuators, catalyzing the overall expansion of the Aircraft Computers sector.

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The report aims to comprehensively analyze, define, describe, and forecast the Aircraft Computers Market based on platform, type, end user, component, and region. By delving into the competitive landscape, profiling companies based on financial position, product portfolio, and growth strategies, the report anticipates the degree of competition in the market. Furthermore, it tracks and analyzes developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. The meticulous research methodology includes data and revenue study through secondary resources and extensive interviews with industry experts, ensuring a robust analysis of the market dynamics.

Major Key Players Included are:
- Collins Aerospace
- Raytheon Technologies Corporation
- Thales Group
- Honeywell International Inc
- Safran
- BAE Systems
- Cobham Limited
- Transdigm Group Inc
- Saab AB
- Curtiss-Wright Corporation, and other players.

Market Analysis:
The demand for more advanced and efficient computers on board aircraft, driven by annually increasing passenger traffic and aircraft procurement, serves as a significant market driver. The rise in production, establishment of new manufacturing sites, and the entry of new players also contribute positively to market growth. Aircraft computer systems, comprising hardware and software, are witnessing increased utilization for flight controls, engine controls, and utility controls, leading to heightened safety and efficiency. The complexity of aircraft computer technology is advancing, offering opportunities for market growth. The increasing degree of safety provided by these systems and their vital role in aircraft operations are key factors fostering market expansion. The escalating demand for better systems further amplifies the growth potential of the market.

Despite the promising trajectory, the market faces challenges due to the high costs associated with the development, installation, and maintenance of aircraft computer systems. Additionally, stringent regulations set by governments globally pose hurdles for the production of these sophisticated systems.

Segment Analysis:
- The flight controls segment is projected to register substantial growth, aiding pilots in managing speed, altitude, and direction, thus elevating the overall efficiency of aircraft operations.
- The fixed-wing aircraft segment is expected to lead the market, driven by the rising demand for commercial and military fixed-wing aircraft. The surge in air passenger traffic, coupled with anticipated commercial aircraft deliveries, propels the demand for fixed-wing aircraft and, consequently, Aircraft Computers.

Market Segmentation & Sub-segmentation included are:
by Platform:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicles

by Component:
- Hardware
- Software

by Type:
- Flight Controls
- Engine Controls
- Utility Controls
- Flight Management Computers
- Mission Computers

by End-User:
- OEM
- Aftermarket

Growth Factors:
- The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies in aviation operations enhances the capabilities of Aircraft Computers.
- IoT enables seamless connectivity and data exchange, while AI algorithms optimize decision-making processes, augmenting the overall efficiency of aviation systems.
- As aircraft systems become more digitized and interconnected, the importance of robust cybersecurity measures grows exponentially.
- Aircraft Computers, being at the heart of these systems, play a crucial role in safeguarding sensitive data and ensuring the integrity of flight control systems, contributing to the market's growth.

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Key Regional Development:
North America emerges as the dominant region for the Aircraft Computers Market, owing to its substantial passenger traffic, high aircraft density, and the presence of major players like Honeywell International Inc. and Raytheon Technologies. The region's significant military expenditure further boosts research and development activities in aircraft computer systems. A recent contract in June 2022, wherein Raytheon Technologies Inc. received a USD 42.6 million contract for mission computer upgrades in the U.S. Air Force A-10 Thunderbolt II, showcases North America's pivotal role in shaping the market.

Key Takeaways:
- Technological innovations in aircraft computer systems stand as a driving force, enhancing safety and efficiency in aviation operations.
- The annually increasing passenger traffic and the demand for more advanced aircraft contribute positively to market growth, presenting opportunities for expansion.
- High costs associated with development and stringent regulations pose challenges, highlighting the need for strategic solutions to overcome barriers.

Recent Developments:
In October 2022: Garmin International Inc. achieved Supplemental Type Certification for its Gl 275 flight instrument, enhancing the Dassault Falcon 7X business jet's existing system with an altitude-direction indicator featuring synthetic vision technology.
In February 2022: BAE Systems delivered its 3,000th Vehicle Management Computer (VM) and 1,000th Active Interceptor System (AIS) to Lockheed Martin Corporation for the F-35 Lightning II aircraft, reinforcing critical operational capabilities in demanding environments.

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Table of Contents - Major Key Points
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1COVID-19 Impact Analysis
4.2Impact of Ukraine- Russia war
4.3Impact of ongoing Recession
5.Value Chain Analysis
6.Porter's 5 Forces Model
7.PEST Analysis
8.Aircraft Computers Market, by Platform
9.Aircraft Computers Market, by Component
10.Aircraft Computers Market, by Type
11.Aircraft Computers Market, by  End-User
12.Regional Analysis
13.Company Profiles
14.Competitive Landscape
15.Conclusion

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