What is the Historical Analysis of the Aircraft Computers Market Size?
The aircraft computers market has seen considerable growth due to a variety of factors.
•The value of the aircraft computers market has seen robust expansion in the past few years. The market will see a boost from $6.09 billion in 2024 to $6.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
This development in the historical timeframe can be associated with the advancement in avionics, enforced safety regulations, the emergence of digital cockpits, increased automation, and military usage.
What is the Forecasted Growth of the Aircraft Computers Market Size?
The aircraft computers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of aircraft computers is projected to witness a significant increase in the upcoming years, with a growth of 6.3% compound annual growth rate (CAGR) that would reach "$8.26 billion by 2029.
The rise during the forecasted period is linked to enhancements in avionics, integration of AI and machine learning, escalating connectivity necessities, progress in autonomous flight, and heightened cybersecurity protocols. Foreseen trends in this period also involve adherence to environmentally-friendly initiatives, advancement in adaptive and autonomous systems, amelioration of efficiency and performance, adoption of edge computing, and emergence of artificial intelligence.
What Key Factors and Trends are Driving the Growth of the Aircraft Computers Market?
The uptick in air traffic is predicted to fuel the expansion of the aircraft computers market in the future. Air traffic encompasses both airborne and ground-based aircraft activities, excluding loading ramps and parking areas. To manage this growing traffic, aircraft computers are essential as they handle massive data. Hence, more sophisticated flight control and communication systems reliant on aircraft computers are needed within the air traffic control system. Moreover, the rise in tourism activities has boosted air traffic. For instance, the International Air Transport Association, a Canadian global airline trade association, recorded that in April 2023, total air travel rose by 55.5%, and domestic travel experienced a 25.2% upsurge compared to the previous year. Further, there was an 89.7% spike in international traffic, relative to February 2022. Therefore, this surge in air traffic is bolstering the aircraft computer market's growth.
What are the Market Segments in the Aircraft Computers Market?
The aircraft computers market covered in this report is segmented –
1) By Product Type: Flight Controls, Flight Management Computers, Engine Controls, Utility Control, Mission Controls
2) By Platform Type: Fixed-Wing Aircraft, Rotary Wing Aircraft, UAV (Unmanned Aerial Vehicles)
3) By Component Type: Hardware, Software
4) By End-User Type: OEM (Original Equipment Manufacturer), After market
Subsegments:
1) By Flight Controls: Primary Flight Control Computers, Secondary Flight Control Computers
2) By Flight Management Computers: Flight Planning Systems, Performance Management Systems
3) By Engine Controls: Full Authority Digital Engine Control (FADEC), Engine Monitoring Systems
4) By Utility Control: Environmental Control Systems, Power Distribution Systems
5) By Mission Controls: Avionics Mission Computers, Sensor Management Systems
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What Trends are Shaping the Aircraft Computers Market?
Leading firms in the aircraft computer market, such as Embraer S.A., are advancing their technology to include features like digital predictive maintenance. This innovation seeks to improve operational outputs, cut maintenance expenditure, heighten safety measures, and promote active management of airplane systems. This revolutionary application of data analytics and real-time surveillance enables operators to foresee machinery malfunction and map out maintenance plans proactively, thereby enhancing reliability and reducing downtime. In June 2023, the aforementioned Brazil-based aerospace organization rolled out an upgraded version of their AHEAD tool for commercial aviation. This advancement bolsters digital predictive maintenance for their E-Jet fleets by scrutinizing data from different plane systems to detect potential problems at an early stage. Boasting 12 new reliability trends and machine learning for advanced monitoring, AHEAD is currently used by over 1,250 Embraer commercial aircraft to streamline their maintenance schedules and minimize downtime.
Who Are the Key Players in the Aircraft Computers Market?
Major companies operating in the aircraft computers market include:
• BAE Systems plc
• Cobham plc
• Curtiss-Wright Corporation
• Honeywell International Inc.
• Rockwell Collins- RTX Corporation
• Saab AB
• Safran S.A.
• Thales Group
• TransDigm Group
• Garmin Ltd.
• General Electric Co.
• General Dynamics Mission Systems Inc.
• Lockheed Martin Corporation
• Thommen Aircraft Equipment Ltd.
• Air Data Inc.
• Airbus SE
• Sagetech Avionics Inc.
• Advanced Aircraft Company
• Xwing Inc.
• Scientific Systems Company Inc.
• Formic Technologies Inc.
• Anduril Industries Inc.
• Seoul Robotics
• Starship Technologies
• Voliro Airborne Robotics Company
• Attabotics
• Kongsberg Defence & Aerospace AS
• Elbit Systems Ltd.
• General Atomics Aeronautical Systems Inc.
• AeroVironment Inc.
• Northrop Grumman Corporation
• Boeing Company
What are the Regional Insights into the Aircraft Computers Market?
North America was the largest region in the aircraft computers market in 2024. The regions covered in the aircraft computers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
