Report : Europe 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 12.4% CAGR, the Europe Aircraft Interface Device Market is speculated to be worth US$ 106.37 million by 2028, says Business Market Insights
According to Business Market Insights research, the Europe aircraft interface device market was valued at US$ 52.80 million in 2022 and is expected to reach US$ 106.37 million by 2028, registering a CAGR of 12.4% 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 Europe aircraft interface device market expansion.
The aviation sector is increasingly demanding lightweight and advanced avionics and associated components in the current market scenario. The lightweight aircraft and aircraft components benefit the airlines and military forces by reducing fuel consumption. This factor has increased the demand for lightweight AIDs. As wired AIDs are gaining prominence in the commercial & military aviation sector, various aircraft interface device manufacturers are developing technologically robust AIDs. Wireless AIDs are much lighter in weight than wired AIDs and omit the risks associated with loose interconnection and timely wiring maintenance. This factor attracts several commercial airlines to adopt the advanced AIDs and enhance their fleet operations, which poses a significant opportunity for the industry players operating in the aircraft interface device market. Moreover, installing these wireless AIDs is simpler than their wired counterparts, thereby increasing the interest in opting for the wireless AIDs among airlines and military forces. Thus, the growing trend of adopting and equipping aircraft with wireless AIDs poses a substantial growth opportunity for the aircraft interface device market during the forecast period. This influences the global aircraft interface manufacturers to develop new products as per the client's requirements. The miniAID is a service that delivers aircraft data to pilots in a fast and wireless manner, allowing them to optimize their operations. These factors will further contribute to the demand for wireless AIDs over the forecast period.
On the contrary, susceptible to cyber-attacks hampers the Europe Aircraft Interface Device Market .
Based on platform, the Europe aircraft interface device market is segmented into hardware and software. The hardware segment held 79.66% share of Europe Aircraft Interface Device Market in 2022, amassing US$ 42.06 million. It is projected to garner US$ 82.06 million by 2028 to expand at 11.8% CAGR during 2022–2028.
Based on connectivity, the Europe aircraft interface device market is segmented into wired and wireless. The wired segment held 79.10% share of Europe Aircraft Interface Device Market in 2022, amassing US$ 41.77 million. It is projected to garner US$ 80.62 million by 2028 to expand at 11.6% CAGR during 2022–2028.
Based on fit type, the Europe aircraft interface device market is segmented into line fit and retrofit. The line fit segment held 75.95% share of Europe Aircraft Interface Device Market in 2022, amassing US$ 40.11 million. It is projected to garner US$ 82.61 million by 2028 to expand at 12.8% CAGR during 2022–2028.
Based on aircraft type, the Europe aircraft interface device market is segmented into fixed wing and rotary wing. The fixed wing segment held 70.49% share of Europe Aircraft Interface Device Market in 2022, amassing US$ 37.22 million. It is projected to garner US$ 77.59 million by 2028 to expand at 12.2% CAGR during 2022–2028.
Based on country, the Europe aircraft interface device market has been categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that France captured 29.42% share of Europe Aircraft Interface Device Market in 2022. It was assessed at US$ 15.35 million in 2022 and is likely to hit US$ 33.22 million by 2028, exhibiting a CAGR of 13.7% during the forecast period.
Key players dominating the Europe aircraft interface device market are Boeing; Collins Aerospace; Honeywell International Inc.; Teledyne Controls LLC; Thales Group; Viasat, Inc.; Anuvu; Astronics Corporation; Carlisle Companies Incorporated; and SCI Technology, Inc., among others.
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