Report : South America 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 9.3% CAGR, the South America Aircraft Interface Device Market is speculated to be worth US$ 17.15 million by 2028, says Business Market Insights
According to Business Market Insights research, the South America aircraft interface device market was valued at US$ 10.06 million in 2022 and is expected to reach US$ 17.15 million by 2028, registering a CAGR of 9.3% 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 South America aircraft interface device market expansion.
The aviation industry is adopting advanced information technologies, which are anticipated to transform the decision-making capability of the industry and make the new implementations faster than before. The demand for advanced technology drives the airline industry and demands more integration of such techniques to get a smarter cockpit. The smarter cockpit helps provide better communication with ground support staff, including maintenance and dispatcher’s personnel, for making better decisions associated with flight performance and weather avoidance for efficient operations and better fuel efficiency. Aircraft modernization includes modern digital communication systems, new engines, inflight entertainment, advanced armaments, navigation flight systems, and data recorders. The transformation of aircraft is beneficial for the aircraft interface device (AID) manufacturers as the advanced AID is reliable, has enhanced connectivity and communication, has a high capacity to store data, and is more accurate. These benefits of aircraft interface devices increase the scope of their adoption among the defense forces and commercial airliners to modernize the connectivity and communication system to have efficient aircraft functioning.
On the contrary, susceptible to cyber-attacks hampers the South America Aircraft Interface Device Market .
Based on platform, the South America aircraft interface device market is segmented into hardware and software. The hardware segment held 85.16% share of South America Aircraft Interface Device Market in 2022, amassing US$ 8.56 million. It is projected to garner US$ 14.31 million by 2028 to expand at 8.9% CAGR during 2022–2028.
Based on connectivity, the South America aircraft interface device market is segmented into wired and wireless. The wired segment held 88.26% share of South America Aircraft Interface Device Market in 2022, amassing US$ 8.87 million. It is projected to garner US$ 15.06 million by 2028 to expand at 9.2% CAGR during 2022–2028.
Based on fit type, the South America aircraft interface device market is segmented into line fit and retrofit. The line fit segment held 61.19% share of South America Aircraft Interface Device Market in 2022, amassing US$ 6.15 million. It is projected to garner US$ 10.64 million by 2028 to expand at 9.6% CAGR during 2022–2028.
Based on aircraft type, the South America aircraft interface device market is segmented into fixed wing and rotary wing. The fixed wing segment held 89.32% share of South America Aircraft Interface Device Market in 2022, amassing US$ 8.98 million. It is projected to garner US$ 15.63 million by 2028 to expand at 9.7% CAGR during 2022–2028.
Based on country, the South America aircraft interface device market has been categorized into Brazil, and the Rest of South America. Our regional analysis states that Brazil captured 70.59% share of South America Aircraft Interface Device Market in 2022. It was assessed at US$ 7.10 million in 2022 and is likely to hit US$ 12.35 million by 2028, exhibiting a CAGR of 9.7% during the forecast period.
Key players dominating the South America aircraft interface device market are Boeing; Collins Aerospace; Honeywell International Inc.; 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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