Aircraft Switches Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 129

SKU: IRTNTR72745

Snapshot

The aircraft switches market share is expected to increase by USD 392.09 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.47%.

This aircraft switches market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft switches market segmentation by end-user (OEM and aftermarket) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The aircraft switches market report also offers information on several market vendors, including AMETEK Inc., Barantec Inc., C and K COMPONENTS LLC, Curtiss Wright Corp., Eaton Corp. Plc, General Electric Co., Honeywell International Inc., Hydra Electric Co., ITT Inc., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, TE Connectivity Ltd., and TransDigm Group Inc. among others.

What will the Aircraft Switches Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Aircraft Switches Market Size for the Forecast Period and Other Important Statistics

Aircraft Switches Market: Key Drivers, Trends, and Challenges

The modernization and upgrade of commercial aircraft cabin designs is notably driving the aircraft switches market growth, although factors such as delay in aircraft deliveries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft switches industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Switches Market Driver

One of the key factors driving the global aircraft switches market growth is the modernization and upgrade of commercial aircraft cabin designs. According to the International Civil Aviation Organization (ICAO), the introduction of low-cost airlines significantly changed the dynamics in the global air transport industry, with low-cost carriers (LCCs) having transported an estimated 2 billion passengers in 2021. In addition, various airline companies provide advanced features in their cabin interiors, such as in-flight entertainment, Internet connectivity, reconfigurable seats, and mood lighting in premium economy class, which is similar to the business class, which further leads to the demand for more new switches for functions like controlling lights. Therefore, such factors are expected to support the market growth during the forecast period.

Key Aircraft Switches Market Trend

Rising demand for in-flight entertainment and connectivity (IFEC) is one of the key aircraft switches market trends that is expected to impact the industry positively in the forecast period. The technological advances in aircraft seat designs will spur the demand for in-flight entertainment and connectivity, which will increase the demand for advanced electrical and electronic switches. For instance, in July 2020, Panasonic Avionics Corp. received a contract from Air Liban, a Middle East airline operator, to supply IFEC solutions for its 15 Airbus A321 aircraft. Similarly, in 2021, Emirates collaborated with US subscription-based video on demand service HBO Max to supply various types of content to its ICE inflight entertainment system. Hence, such developments will proliferate the demand for reliable, effective, and easy-to-use aircraft switches and buttons and further drive market growth during the forecast years.

Key Aircraft Switches Market Challenge

One of the key challenges to the global aircraft switches market growth is the delay in aircraft deliveries. Any lag in aircraft deliveries can affect future procurement and contracts, potentially leading to heavy losses for manufacturers of aircraft switches. For instance, in July 2020, it was announced that the delivery of the Boeing 777X would be delayed until 2022. Cathay Pacific plans to introduce all-new first and business class cabins on the 777X, though the airline has delayed the delivery of these planes to beyond 2025. Boeing halted almost all deliveries for nearly a year in 2020 due to the pandemic. Owing to this, commercial airline operators and other Boeing customers have been increasingly denying deliveries or renegotiating company concessions. Thus, such factors will hamper the growth of the market during the forecast period.

This aircraft switches market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global aircraft switches market as a part of the global electronic components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft switches market during the forecast period.

Who are the Major Aircraft Switches Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the aircraft switches market encompasses successful business strategies deployed by the key vendors. The aircraft switches market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

AMETEK Inc. - The company offers aircraft switches such as toggle and rocker switches, which control most of the aircraft's electrical components.
AMETEK Inc. - Under the electronic instruments segment, the company offers advanced instruments for aerospace, power, process, and industrial markets.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aircraft switches market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aircraft Switches Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft switches market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aircraft Switches Market?

For more insights on the market share of various regions Request for a FREE sample now!

34% of the market's growth will originate from Europe during the forecast period. France and Germany are the key markets for aircraft switches in Europe. Market growth in this region will be faster than the growth of the market in North America and MEA.

North America is another potential market for aircraft switches. The flourishing aviation industry in countries such as the US and Canada will facilitate the aircraft switches market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively impacted the concerned market as it disrupted production lines across the aviation and aerospace industry over the past two years. However, the significant increase in military spending and the gradual recovery of aircraft production due to the rising number of air passengers after the lifting of COVID-19-related lockdowns may help the industry in regaining momentum during the forecast period.

What are the Revenue-generating End-user Segments in the Aircraft Switches Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The aircraft switches market share growth by the OEM segment will be significant during the forecast period. The growth is attributed to the increasing fleet size of numerous airlines service providers and companies. For instance, in 2021, the reported total aircraft deliveries for Airbus included 611 commercial aircraft to 88 customers, up from 566 in 2020.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft switches market size and actionable market insights on post COVID-19 impact on each segment.

Aircraft Switches Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.47%
Market growth 2022-2026	$ 392.09 million
Market structure	Fragmented
YoY growth (%)	3.38
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 34%
Key consumer countries	US, Canada, China, France, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AMETEK Inc., Barantec Inc. , C and K COMPONENTS LLC, Curtiss Wright Corp., Eaton Corp. Plc, General Electric Co., Honeywell International Inc., Hydra Electric Co., ITT Inc., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, TE Connectivity Ltd., and TransDigm Group Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Aircraft Switches Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive aircraft switches market growth during the next five years
Precise estimation of the aircraft switches market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the aircraft switches industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of aircraft switches market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 OEM - Market size and forecast 2021-2026
- Exhibit 28: Chart on OEM - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on OEM - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on OEM - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on OEM - Year-over-year growth 2021-2026 (%)

5.4 Aftermarket - Market size and forecast 2021-2026
- Exhibit 32: Chart on Aftermarket - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Aftermarket - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Aftermarket - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Aftermarket - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by End-user
- Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 France - Market size and forecast 2021-2026
- Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 AMETEK Inc.
- Exhibit 89: AMETEK Inc. - Overview
- Exhibit 90: AMETEK Inc. - Business segments
- Exhibit 91: AMETEK Inc. - Key offerings
- Exhibit 92: AMETEK Inc. - Segment focus

10.4 Curtiss Wright Corp.
- Exhibit 93: Curtiss Wright Corp. - Overview
- Exhibit 94: Curtiss Wright Corp. - Business segments
- Exhibit 95: Curtiss Wright Corp. - Key offerings
- Exhibit 96: Curtiss Wright Corp. - Segment focus

10.5 Eaton Corp. Plc
- Exhibit 97: Eaton Corp. Plc - Overview
- Exhibit 98: Eaton Corp. Plc - Business segments
- Exhibit 99: Eaton Corp. Plc - Key news
- Exhibit 100: Eaton Corp. Plc - Key offerings
- Exhibit 101: Eaton Corp. Plc - Segment focus

10.6 Honeywell International Inc.
- Exhibit 102: Honeywell International Inc. - Overview
- Exhibit 103: Honeywell International Inc. - Business segments
- Exhibit 104: Honeywell International Inc. - Key news
- Exhibit 105: Honeywell International Inc. - Key offerings
- Exhibit 106: Honeywell International Inc. - Segment focus

10.7 ITT Inc.
- Exhibit 107: ITT Inc. - Overview
- Exhibit 108: ITT Inc. - Business segments
- Exhibit 109: ITT Inc. - Key offerings
- Exhibit 110: ITT Inc. - Segment focus

10.8 Parker Hannifin Corp.
- Exhibit 111: Parker Hannifin Corp. - Overview
- Exhibit 112: Parker Hannifin Corp. - Business segments
- Exhibit 113: Parker Hannifin Corp. - Key news
- Exhibit 114: Parker Hannifin Corp. - Key offerings
- Exhibit 115: Parker Hannifin Corp. - Segment focus

10.9 Raytheon Technologies Corp.
- Exhibit 116: Raytheon Technologies Corp. - Overview
- Exhibit 117: Raytheon Technologies Corp. - Business segments
- Exhibit 118: Raytheon Technologies Corp. - Key news
- Exhibit 119: Raytheon Technologies Corp. - Key offerings
- Exhibit 120: Raytheon Technologies Corp. - Segment focus

10.10 Safran SA
- Exhibit 121: Safran SA - Overview
- Exhibit 122: Safran SA - Business segments
- Exhibit 123: Safran SA - Key offerings
- Exhibit 124: Safran SA - Segment focus

10.11 TE Connectivity Ltd.
- Exhibit 125: TE Connectivity Ltd. - Overview
- Exhibit 126: TE Connectivity Ltd. - Business segments
- Exhibit 127: TE Connectivity Ltd. - Key offerings
- Exhibit 128: TE Connectivity Ltd. - Segment focus

10.12 TransDigm Group Inc.
- Exhibit 129: TransDigm Group Inc. - Overview
- Exhibit 130: TransDigm Group Inc. - Business segments
- Exhibit 131: TransDigm Group Inc. - Key offerings
- Exhibit 132: TransDigm Group Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 133: Inclusions checklist
- Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 135: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 136: Research methodology
- Exhibit 137: Validation techniques employed for market sizing
- Exhibit 138: Information sources

11.5 List of abbreviations
- Exhibit 139: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

aircraft switches market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis