August 2020, Research Report on the Global Aircraft Computers Market.
The rapidly growing adoption of computers and electronic systems in aircraft and increasing modernization programs of existing aircraft fleet has significantly contributed to the expansion of the aircraft computers market. Furthermore, the increasing collaborations between prominent aircraft OEMs and aircraft computer manufacturers are also expected to drive the growth of the global market. For example, in September 2017, Rockwell Collins was selected to supply FMC-4212 mission computer to Airbus Helicopters HForce onboard weapon system program. The product enables the conversion of any commercial helicopter from the Airbus Helicopters platform into an armed, battle-ready unit for military operations.
However, issues related to cyber-attacks and stringent aviation regulations might hamper the growth of the aircraft computers market.
Growing adoption of electronics such as inflight connectivity systems to offer enhanced travelling experience to passengers is expected to increase the demand for aircraft computers.
Growth Opportunities in the Market
OEM segment dominated the market in 2019: The OEM segment dominated the market in 2019. The increasing aircraft demand owing to the growing international tourism and airborne trade is expected to increase the demand for OEM aircraft computers.
Flight controls segment is expected to be the fastest growing: The flight controls segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Crucial aircraft functions are performed with the pilots with the help of flight control systems such as engine monitoring, take-off, and landing. Such factors are expected to drive the growth of this segment during the forecast period.
Fixed wing segment dominated the market in 2019: The fixed wing segment dominated the global market in 2019. The notable growth in this sector has resulted an increased number of aircraft orders to address the increasing air passenger traffic. Manufacturers are currently focusing on developing aircraft computers and components that offer enhanced reliability, accuracy, and efficiency. Continuous improvements in software have modified the human-machine interface of aircraft computers.
Hardware segment is expected to register higher CAGR: The hardware segment is projected to grow at the higher CAGR during the review period, primarily due to the large number of hardware required to manufacture an aircraft’s electrical system. The hardware act as a bridge as they take small electric currents from components such as sensors to drive bigger systems.
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