Aircraft Switches Market Application, Scope, And Opportunities...

Aircraft Switches Market Application, Scope, And Opportunities Analysis By Outlook 2027

Posted 2022-06-03 10:16:04

Aircraft Switches Market Research Report: Information by End User (OEM and Aftermarket), Application (Cockpit, Cabin, Engine & APU, Aircraft Systems and Avionics), Platform (Fixed Wing and Rotary Wing), Type (Manual and Automatic) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Forecast

Global Aircraft Switches Market is projected to reach USD 2,680 Million by 2026 and register a CAGR of 3.12% from 2020 to 2026. Increasing demand for electronics in aircraft systems and in-flight entertainment & connectivity (IFEC) is expected to drive the growth of the Aircraft Switches Market. Furthermore, stringent aviation regulations regarding aircraft safety is also encouraging aircraft OEMs to invest in advanced aircraft switches.

However, issues related to complex maintenance procedures and the growing adoption of touch screens in aircraft might hamper the growth of the market. Moreover, due to the ongoing COVID-19 pandemic, the market is expected to witness a slack period. However, initiatives undertaken by the governments of various countries such as the US, China, Brazil, India, and others to reduce the losses from the aerospace and defense industry is expected to boost the market growth in the future.

Market USP

Increasing demand for new-generation aircraft and military aircraft are expected to drive the growth of the market.

Growth Opportunities in the Market

The OEM segment to register a higher growth rate: The OEM segment is expected to exhibit a higher CAGR during the forecast period. The OEM segment refers to the aircraft manufacturers, which include manufacturers of commercial aircraft, military aircraft, and business jets. Aircraft switches are installed on the production line by the aircraft manufacturer.

The cabin segment dominated the market in 2019: Factors such as the growing investment by prominent airlines such as the Etihad Airways and the Emirates Group in adopting IFEC systems to offer enhanced travelling experience to passengers is expected to drive the growth of the segment. IFEC systems require advanced mechanical controls and switches.

The rotary wing segment is expected to register the higher CAGR during the forecast period: The rotary wing segment is expected to register a higher CAGR during the forecast period. The growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and rising adoption of rotary-wing aircraft for emergency medical services (EMS). Manufacturers are currently focusing on developing aircraft switches components that are more reliable, accurate, and efficient. Furthermore, continuous improvements in software have modified the human-machine interface of aircraft switches. Thus, driving the growth of the segment.

The automatic segment is expected to register the highest CAGR: The automatic switches segment is projected to register a higher CAGR due to its widespread use in an aircraft’s electrical system. Furthermore, the growing development of next-generation aircraft is also expected to drive the growth of the segment.

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Key Players

Safran (France)
Curtiss-Wright Corporation (US)
Esterline Technologies (US)
Meggitt PLC. (UK)
Raytheon Technologies Corporation (US)
Eaton Corporation (Ireland)
AMETEK, Inc. (US)
TE Connectivity (Switzerland)
Honeywell International Inc. (US)
Thales Group (France)

Other Prominent Players

ITT Inc. (US)
Hydra-Electric Company (US)
C&K (US)
Barantec (US)
Unison Industries, LLC (US)
Electro-Mech Components (US)

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Table Of Contents

Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Aircraft Switches Market, By End User

1.1.2. Global Aircraft Switches Market, By Application

1.1.3. Global Aircraft Switches Market, By Platform

1.1.4. Global Aircraft Switches Market, By Type

1.1.5. Global Aircraft Switches Market, By Region

Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

Market Insights
Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Use Of Electronics In Aircraft Systems

5.2.2. Use Of Switches In UAV And Space Applications

5.2.3. Increased Demand For In-Flight Entertainment & Connectivity (IFEC)

5.2.4. Drivers Impact Analysis

5.3. Restraints

5.3.1. Issues Related To Complex Maintenance Procedures

5.3.2. Growing Adoption Of Touch Screens In Aircraft

5.3.3. Manual Switches Being Replaced By Touch Screen Technology

5.3.4. Restraints Impact Analysis

5.4. Opportunities

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

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