Aircraft Interface Device Market to Experience 9.3% CAGR; Revenue to Boost Cross $368.9 Million by 2030

The global aircraft interface device industry was pegged at $163.84 million in 2020 and is estimated to hit $368.9 million by 2030, registering a CAGR of 9.3% from 2021 to 2030.

The fact that aircraft interface device enhances the performance of electronic flight bag (EFB) applications and reinforces the important safety features drives the growth of the aircraft interface device market. On the other hand, issues relating to the certification from regulatory bodies and rise in vulnerability of flight systems and electric flight bags (EFBs) impede the growth to some extent. However, benefits associated with advanced in-flight entertainment services and increase in demand for situational awareness are expected to pave the way for lucrative opportunities in the industry.

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By connectivity, the wireless segment dominated the global aircraft interface device market in 2020, in terms of revenue as most of the aircraft electronics involve cutting-edge connectivity, which enables robust ground networks. By fit, the retrofit segment is anticipated to witness lucrative growth during the forecast period as a large number of aircraft needs upgrading of interface components. By aircraft type, the military segment dominated the aircraft interface device market in 2020, in terms of revenue owing to rise in defense expenditure to procure reliable and efficient aircraft interface devices for military aircraft. At present, North America is the highest revenue contributor, followed by Asia-Pacific.

North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. The U.S. dominated the global aircraft interface device market share in North America in 2020, owing to increase in R&D activities, technological developments by big players, rapid adoption of innovative technologies in making safer, convenient, and efficient data transmission devices. North America is expected to grow at a significant rate during the forecast period, owing to rise in regulations regarding the development of reliable and efficient aircraft interface technologies.

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The global aircraft interface device market is analyzed across connectivity, fit, aircraft type, and region. Based on connectivity, the wireless segment accounted for more than three-fourths of the total market share in 2020, and is expected to rule the roost from 2021 to 2030. The same segment would also cite the fastest CAGR of 10.1% throughout the forecast period.

Based on region, the market across North America held the major share in 2020, garnering around one-third of the global market. The same region would also cite the fastest CAGR of 10.9% from 2021 to 2030. The other two provinces discussed in the report include Asia-Pacific, Europe and LAMEA.

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The leading market players analyzed in the global aircraft interface device market report include Astronics Corporation, Collins Aerospace, Elbit Systems Ltd., Skytrac Systems Ltd., Honeywell International Inc., The Boeing Company, SCI Technology, Inc., Anuvu, Teledyne Controls LLC, and Thales Group. These market players have incorporated different strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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