Aerospace Cockpit Control Panels Market is Forecasted to Reach US$ 1.2 billion in 2028, Says Stratview Research

The global aerospace cockpit control panels market is projected to witness a growth rate of 4.4% annually from 2023 to 2028, with an anticipated size of US$ 1.2 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace cockpit control panels market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.2 billion
Growth (CAGR): 4.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Cockpit Control Panels Market:
The global aerospace cockpit control panels market is segmented based on platform type, application type, component type, end-user type, and region.

Based on platform type - The aerospace cockpit control panels market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. Commercial aircraft is expected to remain the largest and fastest-growing platform type in the market during the forecast period.

Key factors propelling the demand for cockpit control panels in the commercial aircraft segment are the expected increase in production rates of the best-selling aircraft programs; expected market entry of new players, such as COMAC and Irkut, and rebounding aircraft deliveries across regions. Both, Boeing and Airbus, are likely to ramp up the production rates of their key programs in the near future, targeting to reach their pre-COVID levels by 2024 or 2025. Supply chain disruptions initially caused by the pandemic further aggravated by recent geopolitical challenges are affecting the recovery trajectories.

Based on the application type - The market is segmented into lighting control & illuminated panels, control & switch panels, audio control panels, and others. Control & Illuminated Panels are estimated to remain the dominant application type in the market during the forecast period, whereas lighting control & illuminated panels are likely to witness the highest growth during the same period. The addition of illumination to the control panel has eased work in the cockpit. It just lit up in the situation of seeking the pilot's attention, making the job of pilots easy.

Based on the component type - The market is segmented into acrylic bodies, paint, connectors, embedded wiring, lamps, common hardware, LEDs, resistors, and indicators. Indicators are estimated to remain the dominant component type in the market during the forecast period owing to their advantages, such as improved situational awareness, enhanced safety, increased efficiency, simplified navigation, and it also enhances better decision-making capabilities.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3445/aerospace-cockpit-control-panels-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is anticipated to maintain its dominance in the aerospace cockpit control panel market during the forecast period. This growth outlook is majorly attributed to the following-
- The presence of a large number of OEMs, tier players, and control panel suppliers.
- Asia-Pacific is expected to witness the highest growth during the forecast period.
- Increasing aircraft fleets to support rising passenger traffic, the opening of assembly plants by Boeing and Airbus in China for multiple programs, increased production and procurement of military aircraft due to rising defense budgets and growing territorial disputes among key economies, and the upcoming indigenous aircraft program C919 are all great signs for the aerospace industry in Asia-Pacific.

Aerospace Cockpit Control Panels Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing aircraft production, demand for advanced avionics, rising air travel, and modernization of existing fleets.
- Technological advancements, emphasis on flight safety, and integration of digital and touch-screen interfaces further fuel market growth.

Top Companies in the Aerospace Cockpit Control Panels Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Safran S.A.
• Leonardo S.p.A.
• TransDigm Group
• Collins Aerospace
• Astronics Corporation
• Latecoere SA

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Cockpit Control Panels Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.