Commercial Aircraft Interface Device Market by Aircraft Fitment, Application, and Geography - Forecast and Analysis 2020-2024

The commercial aircraft interface device market size has the potential to grow by USD 66.58 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by aircraft fitment (retrofit and linefit), application (narrow-body, wide-body, and regional jet), and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Astronics Corp., Avionica Inc., Global Eagle Entertainment Inc., Raytheon Technologies Corp., Sanmina Corp., Teledyne Technologies Inc., Thales Group, The Boeing Co., and TransDigm Group Inc.

Market Overview

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Market Competitive Analysis

The market is concentrated. The key vendors in the market are focusing on M&A activities to increase their market share and expand their regional base. Astronics Corp., Avionica Inc., and Global Eagle Entertainment Inc. are some of the major market participants. Although the augmented scope of application in aircraft maintenance and operations will offer immense growth opportunities, the vulnerability to cybersecurity threats will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this commercial aircraft interface device market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this commercial aircraft interface device market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Astronics Corp.
• Avionica Inc.
• Global Eagle Entertainment Inc.
• Raytheon Technologies Corp.
• Sanmina Corp.
• Teledyne Technologies Inc.
• Thales Group
• The Boeing Co.
• TransDigm Group Inc.

Commercial Aircraft Interface Device Market: Segmentation by Geography

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North America was the largest commercial aircraft interface device market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing demand from IFE and EFB devices will significantly drive commercial aircraft interface device market growth in this region over the forecast period.

40% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for commercial aircraft interface devices in North America. Market growth in this region will be faster than the growth of the market in other regions.

Commercial Aircraft Interface Device Market: Segmentation by Application

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The narrow-body segment will account for the highest share of the commercial aircraft interface device market because of the initiation of several fleet modernization programs by different airline operators. The growing need for newer and improved versions of aircraft will boost the growth of the narrow-body segment. Additionally, the report provides an accurate prediction of the contribution of the various application segments to the growth of the commercial aircraft interface device market size.

Market growth in the narrow-body segment will be faster than the growth of the market in the wide-body and regional jet segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft interface device market size.

Commercial Aircraft Interface Device Market: Key Drivers and Trends

Commercial aircraft interface device industry growth is expected to accelerate over the next five years, driven by the augmented scope of application in aircraft maintenance and operations. Since the advent of commercial aviation, airlines are focusing on deploying operational aircraft units with increased fuel efficiency and lower operational costs. As revenue can be generated only through active aircraft units in a fleet, the grounding of an aircraft incurs losses for the airline operators. The use of sophisticated health monitoring software assists aircraft maintenance devices (AIDs) in easily monitoring the statistical data of an aircraft unit by looping in digital feedback systems to attain optimal flight performance. Furthermore, developments in aircraft health management technologies and increased adoption of predictive maintenance by aircraft operators worldwide will boost the global commercial aircraft interface device market growth. The augmented scope of application in aircraft maintenance and operations will boost commercial aircraft interface device market growth at a CAGR of about 9% during the forecast period.

Globalization and the growth of the world economy have increased the demand for air travel. Major aircraft OEMs have initiated the process of revamping their existing production facilities to ensure scheduled deliveries. Moreover, airline operators are developing innovative ideas to attract a larger customer base. The increasing number of net orders for popular aircraft models can be attributed to fleet upgrade plans of operators. Currently, major aircraft OEMs are focused on developing new-generation aircraft models that can reduce operational costs of airlines by significant margins. As these new-generation aircraft models can generate up to 10 times more performance data, effective handling of the enormous data collected from a single aircraft unit to derive actionable insights regarding operations and fleet management would require the use of AIDs, thereby driving the adoption of such systems. Hence, the increasing orders for the new generation of fuel-efficient aircraft units will remain a major driver for the global commercial AID market during the forecast period.

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Commercial Aircraft Interface Device Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive commercial aircraft interface device market growth during the next five years
• Precise estimation of the commercial aircraft interface device market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial aircraft interface device industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial aircraft interface device market vendors

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