Report : Europe Aircraft Interface Device Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Operating System (iOS, Android, and Others), End User (Parents and Childcare/Daycare), Pricing (Monthly Subscription and Annual Subscription), and Application (Education, Sleep and Movement Tracking, Feeding, Medicine, and Others)
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$ 49.51 million in 2021 and is expected to reach US$ 106.37 million by 2028, registering an annual growth rate of 12.4% from 2021 to 2028. increasing number of aircraft fleet regionally and stimulating demand for advanced technologies across aircraft models are the critical factors attributed to the market expansion.
There has been significant growth in the commercial aviation industry in the past decade. The airlines in the developed and developing nations are ordering a high number of aircraft to meet the constantly rising air travel demand. Owing to the continuously growing disposable income among the regional population, the need for air travel is also increasing rapidly. Commercial air traffic is anticipated to maintain a constant growth rate, despite various challenges, such as rising aviation fuel costs and technical faults causing accidents. However, these challenges are overcome by the increasing number of passengers, which leads to more aircraft across the region. As the demand for air transportation increases rapidly, the number of aircraft orders and deliveries is also growing rapidly. The airlines and defense forces are procuring aircraft integrated with the latest technologies to meet increasing air traffic demand. This factor is helping the aircraft interface device manufacturers to invest substantial amounts in the research and development to develop advanced aircraft interface devices and deliver the same to the aircraft manufacturers. Thus, the above-mentioned factor is driving the market for aircraft interface devices during the forecast period.
On the contrary, susceptible to cyber-attacks hurdles the growth of Europe aircraft interface device market.
Based on platform, the Europe aircraft interface device market is bifurcated into hardware and software. The hardware segment held 80.1% market share in 2021, amassing US$ 39.65 million. It is projected to garner US$ 82.06 million by 2028 to expand at 11.8% CAGR during 2021–2028.
Based on connectivity, the Europe aircraft interface device market is bifurcated into wired and wireless. The wired segment held 79.7% market share in 2021, amassing US$ 39.44 million. It is projected to garner US$ 80.62 million by 2028 to expand at 11.6% CAGR during 2021–2028.
Based on fit type, the Europe aircraft interface device market is segmented into line fit and retro fit. The line fit segment held 75.7% market share in 2021, amassing US$ 37.46 million. It is projected to garner US$ 82.61 million by 2028 to expand at 12.8% CAGR during 2021–2028.
Based on aircraft type, the Europe aircraft interface device market is divided into fixed wing and rotary wing. The fixed wing segment held 70.1% market share in 2021, amassing US$ 34.70 million. It is projected to garner US$ 77.59 million by 2028 to expand at 12.2% CAGR during 2021–2028.
Based on country, the Europe aircraft interface device market has been categorized into the France, Germany, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that France captured 28.7% market share in 2021. It was assessed at US$ 14.22 million in 2021 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. ; and Anuvu among others.
- In 2017, Teledyne Controls and Avionics Support Group, Inc. (ASG) have signed a joint marketing agreement to promote Teledyne's GroundLink AID+ Aircraft Interface Device (AID) solution alongside ASG's proven range of patented Electronic Flight Bag (EFB) mounting and power devices to provide a complete connectivity solution.
- 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).