The global aerospace flight displays market is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for automation of flight controls.
An aerospace flight display is a modern aircraft gadget that provides key information related to a flight operation and its system. The aerospace flight displays are built with a central attitude indicator and flight director bounded by additional flight restrictions, thus, called as the multi-functional displays. An aerospace flight display in an aircraft is the pilot’s key reference for flight information, which is generally supported with an electronic flight instrument system.
Market Drivers, Restraints, Trends, and Opportunities
- Rising concern for effective operation as well as growing awareness for consumers safety products are expected to fuel the aerospace flight display market.
- Increasing demand for computerized flight panels in the aviation service is projected to expand the market growth.
- Boost in productivity of aerospace flight displays owing to their huge demand in the aviation sector is predicted to propel the growth of market.
- Deficient pilot training for managing flight displays and blackouts of displays due to system failure are expected to hinder the market growth during the analysis period.
- Increasing demand for new aircraft with advanced technologies is a key factor creating various thriving opportunities for the market.
Scope of the Report
The report on the global aerospace flight displays market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes
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Details
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Report Title
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Aerospace Flight Displays Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Threat Warning Indicator, Primary Flight Display, Secondary Flight Display Repeater, Integrated Secondary Flight Display, and Engine Monitoring Display), Applications (Aircraft and Spacecraft)
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Regional Scope
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Asia Pacific, Latin America, North America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Aspen Avionics, BendixKing, Collins Aerospace, Dynon, and Meggitt
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Global Aerospace Flight Displays Market Segment Insights
In terms of types, the market is divided into threat warning indicator, primary flight display, secondary flight display repeater, integrated secondary flight display, and engine monitoring display. The threat warning indicator offer the relevant data graphically and textually as electronic warfare (EW) equipment providing information about countermeasures, jammer, radar warning receiver, and threat status. The threat warning indicator segment is expected to represent a key share during the forecast period owing to its rising demand among the aircraft manufacturers.
Based on applications, the global aerospace flight displays market is bifurcated into aircraft and spacecraft. In 2019, the aircraft segment was the largest segment of the aerospace flight displays market, representing 53.4% of the total. Furthermore, rising commercial gliders and drones activities of an aircraft is likely to push the segment growth. The aircraft segment is anticipated to account for a large share during the forecast period owing to the rapid growth of air travel and the aviation industry. In 2019, the spacecraft segment accounted for a large share of the aerospace flight displays market, representing 69.2% of the total. Moreover, commercial radars sector in spacecraft is projected to fuel the segment growth. The spacecraft segment is predicted to account for a considerable share during the forecast period.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is currently dominating the aerospace flight displays market. In 2019, the market held 49.8% of the global market share and was followed by the markets in Asia-Pacific and Europe, and then the other regions. However, Asia Pacific is expected to be the fastest-growing region of the aerospace flight displays market during the forecast period. It is projected that the markets growth in Asia-Pacific and Europe are estimated at CAGRs of 3.8% and 1.6% respectively, which are followed by the markets in Middle East and North America with CAGRs of 1.2% and 0.2% respectively.
Segments
The global aerospace flight displays market has been segmented on the basis of
Types
- Threat Warning Indicator
- Primary Flight Display
- Secondary Flight Display Repeater
- Integrated Secondary Flight Display
- Engine Monitoring Display
Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Aspen Avionics
BendixKing
Collins Aerospace
Dynon
Meggitt
Competitive Landscape
Major players competing in the global aerospace flight displays market include Aspen Avionics, BendixKing, Collins Aerospace, Dynon, and Meggitt.
Some of these companies are involved in numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
Meggitt is one of the world’s major manufacturers of high-performance monitoring power, motion, and sensing systems of aircrafts. It primarily designs and manufactures high-performance attitude sensing, cockpit displays, specialist air data products, and life support systems of aircrafts. Recently, the company announced that it entered into a contract with Boeing working for the source related to cockpit indicators for the 737 Max engine.