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Aircraft Cockpit Display market, a key factor in aviation technologies, is shaped by many market variables guiding its course. Technological advances are undoubtedly the driving force behind the continuous improvement of the aviation industry which makes it possible to find the best way to upgrade the cockpit displays. The development of displaying technologies, which includes the rise of high-resolution screens, touchscreens, and augmented reality, majorly shapes the demand for modern cockpit displays. The pilots and airlines try to select the systems that facilitate good situational awareness, lessen the workload and improve the overall safety. The cockpit display technology development and adoption are stimulated by such tendency.
3.30% CAGR is estimated for the Growth of Global Aircraft Cockpit Display Market during the forecast period. Aircraft cockpit display systems assumes a great contribution as it promotes graphical interfaces via avionics and also incorporates human gestures in order to improve human-machine interface.
Economic considerations, basically, form part of the dynamics of the Aircraft Cockpit Display market. Aircraft manufacturers consider the benefits of cockpit data displays upgrade and retrofit in terms of installation costs, maintenance costs, and fuel efficiency improvement. Budget constraints as a consequence of economic recession may slow the implementation of the modern cockpit display technology. The aviation industry's financial well-being and the individual airlines' performance, in turn, have an effect on the investment decisions, that are connected to the cockpit display systems.
The rivalry between aerospace technology manufacturers is the major force that influence the market. The companies in this industry compete hard to win contracts by providing cockpit display solutions of better features, guarantee, and cost saving. Continuous competition introduces innovation as producers are challenged to satisfy changing needs in civil and military aviation sector.
Regulatory compliance remains an important market factor, to which civil aviation authorities attach great importance supplying strict standards for cockpit display systems. The manufacturers should abide by the regulatory guidelines to guarantee the aircraft’s airworthiness and safety. The process of safety norms evolution and concurrent need to comply with the incoming regulations contribute to the R&D of Aircraft Cockpit Display market that provides impetus to the design and function of these critical components.
Global aviation trends and developments significantly influence the market because of the arrival of the new aircraft fleets and the increased demand for more fuel-efficient reduction and advanced cockpits. Airlines that try to stay relevant on the global level by adopting the latest cockpit display systems seek to boost their operational efficiency, reduce fuel consumption and improve passengers’ experience during the flight.
Covered Aspects:
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Aircraft Cockpit Display System Market Highlights:
Market Snapshot
Global Aircraft Cockpit Display Market is expected to register a 3.30% CAGR during the forecast period.
Aircraft cockpit display systems enable advanced graphical interface with avionics and human gestures to improve the human-machine interface. The advancements in technology have conjointly increased the demand for cockpit display systems as they offer an enhanced human-machine interface. This system provides pilots with necessary data, including airstream incidence, aircraft altitude, and airspeed, to increase flight safety and efficiency. These systems reduce the aircraft weight, allow easier interaction with traffic management, enable power savings, and avoid accidents. Moreover, the work pressure on the pilot reduces to a great extent with the combination of advanced display systems and advancing technologies within the cockpit of the aircraft.
The global aircraft cockpit display market is growing rapidly due to the growing need for enhanced safety, situational awareness, and efficiency. Further, increasing focus on automated flight control and demand for lightweight components with advanced functionalities and better accuracy are also supplementing the growth of the market. However, display blackout due to system failure and increased complexity are projected to restrain the market growth over the forecast duration.
The weight of aircraft cockpit displays has reduced drastically in the last few years due to the increasing use of advanced materials. The reduction in the weight of various aircraft components results in improved performance and fuel efficiency and easy maintenance. For instance, the NIPSE project is focused on reducing the size and weight of the engine equipment by 15%, which would also help cut down the amount of time needed for manufacturing an aircraft by 10%. Moreover, lightweight cockpit displays would also reduce the time needed to maintain the aircraft cockpit. Furthermore, along with the reduction of weight, the functionalities of these displays have also improved. Advanced cockpit displays show information received by flight computers that continuously monitor pilot or autopilot inputs, aircraft states, and environmental states and ensure that the aircraft continues to fly safely. Thus, the demand for lightweight components with advanced functionalities and better accuracy is expected to drive the growth of the global aircraft cockpit display system market during the forecast period.
Global Aircraft Cockpit Display Market Growth, 2019–2027
North America accounted for a 37.13% share of the aircraft cockpit display market in 2019, followed by Asia-Pacific. Europe accounted for the third-largest market share in 2019. Asia-Pacific is projected to be the fastest-growing market for aircraft cockpit display during the review period.
Synopsis
Global Aircraft Cockpit Display Market has been segmented based on Platform, Display Type, Display Size, and Region. By platform, the segments of the market are commercial and military. By display type, the market is classified into multifunction, primary flight, and Engine-Indicating & Crew-Alerting System (EICAS). Based on display size, the aircraft cockpit display market is segmented into less than 5 inches, 5 inches to 10 inches, and greater than 10 inches. By region, the aircraft cockpit display market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Global Aircraft Cockpit Display Market Segmentation
The Commercial Segment is Likely to Register the Highest CAGR During the Forecast Period.
The use of connectivity solutions is increasing for commercial aircraft due to regulations by organizations such as the US FAA and EASA. Connected aircraft provide airlines with several benefits. For instance, they aid in providing enhanced situational awareness that helps the pilot in operating aircraft efficiently. Furthermore, aircraft cockpit displays show information related to aircraft performance, maintenance requirements, and alerts regarding unsafe operations, ensuring enhanced safety. Due to such factors, the demand for aircraft cockpit display systems has increased over the last few years. Therefore, the commercial segment of the aircraft cockpit display system market is projected to witness a CAGR of 3.43% during the forecast period.
Regional Analysis
Aircraft Cockpit Display Market has been segmented, by region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Global Aircraft Cockpit Display Market Share, By Region, 2019 (%)
North America accounted for the largest market share in 2019. It is expected to be the largest market for aircraft cockpit displays during the forecast period. Asia-Pacific is expected to be the fastest-growing market for aircraft cockpit displays during the review period due to the growing aviation industry in India, China, and Japan. As per Airbus SAS, over 16,000 aircraft are projected to be delivered in Asia-Pacific by 2035. Furthermore, China is set to overtake the US and become the leading air passenger traffic market. Therefore, the aircraft cockpit display market in Asia-Pacific is expected to register a CAGR of 5.21% during the forecast period.
Companies Covered
The Key Players operating in the Global Aircraft Cockpit Display Market are Aspen Avionics Inc. (US), Avidyne Corporation (US), Honeywell International Inc. (US), L-3 Communication Holdings Inc. (US), Northrop Grumman Corporation (US), Dynon Avionics (US), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (US), Garmin Ltd (US), Collins Aerospace Inc. (US), Thales Group (France), and Universal Avionics Display Type Corporation (US).
Market Segmentation
- By Platform: Military and Commercial
- By Display Type: Primary Flight, Multifunction, and Engine-Indicating & Crew-Alerting System
- By Display Size: Less than 5 Inches, 5 Inches to 10 Inches, and Greater than 5 Inches
- By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (Platform/Display Type/Display Size) is driving market growth?
- What will be the growth rate from 2019 to 2027?
- Who are the key players in this market?
- What are the strategies adopted by the key players?
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