The aircraft computers market in Europe is expected to grow from US$ 1,239.57 million in 2022 to US$ 1,767.46 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Modernizing existing fleets helps enhance their sustainability by reducing fuel consumption and carbon emission, thereby improving flight performance. The development of advanced electronics systems and computers is generating the need to replace the older electronics systems in the aircraft models that are currently in use. Several countries are emphasizing the development and procurement of next-generation aircraft fleets to modernize and expand their fleets, which is aiding the demand for advanced aircraft computer systems. For instance, in May 2021, Lufthansa Group modernized its fleet and purchased 10 highly efficient long-haul aircraft with an aim to improve efficiency and reduce operating costs. In addition, in January 2022, the French Defense Procurement Agency received the sixth ATL2 Maritime Patrol Aircraft upgraded from standard 5 to standard 6. The aforementioned upgrade initiatives aimed to develop new technologies and integrate them into tactical mission systems, sensor subsystems, and display consoles of existing aircraft, followed by restoring aircraft performance to peak levels. The upgrade of such advanced systems emerges the need for technologically viable aircraft computer systems, propelling the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe aircraft computers market. The Europe aircraft computers market is
expected to grow at a good CAGR during the forecast period.
Europe Aircraft Computers Market Segmentation
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,239.57 Million |
| Market Size by 2028 | US$ 1,767.46 Million |
| CAGR (2022 - 2028) | 6.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Aircraft Computers Market is valued at US$ 1,239.57 Million in 2022, it is projected to reach US$ 1,767.46 Million by 2028.
As per our report Europe Aircraft Computers Market, the market size is valued at US$ 1,239.57 Million in 2022, projecting it to reach US$ 1,767.46 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Europe Aircraft Computers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Computers Market report:
The Europe Aircraft Computers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aircraft Computers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aircraft Computers Market value chain can benefit from the information contained in a comprehensive market report.
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