Report : Asia Pacific Aircraft Interface Device Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Platform (Hardware and Software), Connectivity (Wired and Wireless), Fit Type (Line Fit and Retrofit), and Aircraft Type (Fixed Wing and Rotary Wing)
At 13.8% CAGR, the Asia Pacific Aircraft Interface Device Market is speculated to be worth US$ 85.76 million by 2028, says Business Market Insights
According to Business Market Insights research, the Asia Pacific aircraft interface device market was valued at US$ 39.47 million in 2022 and is expected to reach US$ 85.76 million by 2028, registering a CAGR of 13.8% from 2022 to 2028. Increasing number of aircraft fleet regionally, and stimulating demand for advanced technologies across aircraft models are the critical factors attributed to the Asia Pacific aircraft interface device market expansion.
In the aviation industry, low-cost carriers are gaining immense importance. The robust business models concerning ticketing, airport services, and onboard services facilitate low-cost carriers (LCCs) to attract passengers from all classes of society. The low-cost carriers, especially in the developing regions, continuously enhance their facilities and services for every class, including economy, premium economy, and business class. The LCCs globally compete among themselves on onboard technologies that facilitate a smoother travel experience for passengers and crews and enhance the safety of the aircraft. The demand for advanced technologies is stalling among LCCs. Moreover, rising investment by developing countries such as India to develop LCCs is further expected to contribute to the growth of the aircraft interface device market. For instance, in July 2021, Rakesh Jhunjhunwala, an Indian billionaire, announced the plan to develop a low-cost airline in India, thereby boosting the demand for aircraft interface devices among the LCCs, which is expected to grow the aircraft interface device market size.
On the contrary, susceptible to cyber-attacks hampers the Asia Pacific Aircraft Interface Device Market .
Based on platform, the Asia Pacific aircraft interface device market is segmented into hardware and software. The hardware segment held 73.66% share of Asia Pacific Aircraft Interface Device Market in 2022, amassing US$ 29.07 million. It is projected to garner US$ 61.30 million by 2028 to expand at 13.2% CAGR during 2022–2028.
Based on connectivity, the Asia Pacific aircraft interface device market is segmented into wired and wireless. The wired segment held 84.37% share of Asia Pacific Aircraft Interface Device Market in 2022, amassing US$ 33.30 million. It is projected to garner US$ 70.16 million by 2028 to expand at 13.2% CAGR during 2022–2028.
Based on fit type, the Asia Pacific aircraft interface device market is segmented into line fit and retrofit. The line fit segment held 40.14% share of Asia Pacific Aircraft Interface Device Market in 2022, amassing US$ 15.85 million. It is projected to garner US$ 36.57 million by 2028 to expand at 15.0% CAGR during 2022–2028.
Based on aircraft type, the Asia Pacific aircraft interface device market is segmented into fixed wing and rotary wing. The fixed wing segment held 81.46% share of Asia Pacific Aircraft Interface Device Market in 2022, amassing US$ 32.15 million. It is projected to garner US$ 71.35 million by 2028 to expand at 13.2% CAGR during 2022–2028.
Based on country, the Asia Pacific aircraft interface device market has been categorized into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.64% share of Asia Pacific Aircraft Interface Device Market in 2022. It was assessed at US$ 13.28 million in 2022 and is likely to hit US$ 29.27 million by 2028, exhibiting a CAGR of 14.1% during the forecast period.
Key players dominating the Asia Pacific aircraft interface device market are Boeing ; Collins Aerospace ; Honeywell International Inc. ;Teledyne Controls LLC ; Thales Group ; Viasat, Inc. ; and Anuvu, among others.
- In 2019, Viasat Inc, a global communications firm, and Teledyne Controls LLC, a renowned manufacturer of advanced avionics systems, announced a collaboration to deliver real-time linked flight deck services to commercial airlines. Airlines can off-load Quick Access Recorder (QAR) data and reliably stream Aircraft Communications Addressing and Reporting System (ACARS) signals from the flight deck using Viasat's IFC system in conjunction with Teledyne's Aircraft Interface Device (AID).
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