Report : Europe Aircraft Computers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware and Software), Type (Flight Controls, Utility Controls & IFE Systems, Engine Controls, Mission Computers, and Flight Management Computers), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and Unmanned Aerial Vehicles), and Fit Type (Line Fit and Retrofit)
Hardware Segment to Dominate Europe Aircraft Computers Market during 2020–2028
According to a new market research study on “Europe Aircraft Computers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Type, Platform, and Fit Type” is expected to reach US$ 1,767.46 million by 2028 from 1,239.57 US$ million in 2022. The market is estimated to grow at a CAGR of 6.1% from 2022 to 2028. The report provides trends prevailing in the Europe aircraft computers market along with the drivers and restraints pertaining to the market growth. Upgradation of existing aircraft fleets is the major factor driving the growth of the Europe aircraft computers market. However, issues associated with rising risk of cyber-attacks hinders the growth of Europe aircraft computers market.
The Europe aircraft computers market is segmented into component, type, platform, fit type, and country. Based on component, the market is segmented into hardware and software. The hardware segment accounted for a larger market share in 2021. In terms of type, the market is segmented into flight controls, utility controls & IFE Systems, engine controls, mission computers, and flight management computers. The flight controls segment accounted for the largest share of the market in 2021. Based on platform, the market is categorized into fixed wing, rotary wing, and unmanned aerial vehicles (UAVs). The fixed wing segment dominated the market in 2021. In terms of fit type, the market is categorized into line fit and retrofit. The line fit segment accounted for a larger share in 2021. Based on country, the Europe aircraft computers market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.
BAE Systems; Garmin Ltd.; General Dynamics Mission Systems, Inc.; General Electric; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon Technologies; SAAB AB; Safran Group; and Thales Group are among the leading companies in the Europe aircraft computers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Airbus has agreed to collaborate with Thales and Diehl Aerospace to develop CityAirbus NextGen's flight control computers. The core flight control system for CityAirbus NextGen, Airbus's electric vertical take-off and landing vehicle (eVTOL), will combine incredible computational power with a lightweight design and strict safety criteria.
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