Narrow Body Aircraft Segment to Dominate Europe Aircraft Video Surveillance Market during 2019–2027
According to The Insight Partners market research study on “Europe Aircraft Video Surveillance Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by – By System Type (Cockpit Door Surveillance System, Cabin Surveillance System, and Environmental Camera System); Fit Type (Retrofit and Line Fit); Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft); and Country,” is expected to reach US$ 234.00 Million by 2027 from US$ 173.19 Million in 2019. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The report provides trends prevailing in the Europe Aircraft Video Surveillance market along with the drivers and restraints pertaining to the market growth. Rising Demand for Enhanced Security in Aircraft are the major factor driving the growth of the Europe Aircraft Video Surveillance Market. However, Breach of Privacy hinder the growth of Europe Aircraft Video Surveillance market.
The market for Aircraft Video Surveillance market is segmented into system type, fit type, aircraft type and country. Based on system type, the market is segmented into Cockpit Door Surveillance Systems, Cabin surveillance systems, environmental cameras system. In 2019, the Cockpit Door Surveillance Systems held the largest share EuropeAircraft Video Surveillance market. Based on fit type the Aircraft Video Surveillance market is divided into Retrofit, Line-fit. Similarly, based on aircraft type, the market is bifurcated into wide body aircraft, narrow-body aircraft. The narrow-body aircraft segment contributed a substantial share in 2019
AD Aerospace Ltd., Aerial View Systems Ltd., Cabin Avionics Ltd, Kappa-Optronics GmbH, Global Eagle Entertainment Inc. Meggit Plc, Collins Aerospace, Parker Hannifin Corp., BAE Systems Plc, KID-System are among the leading companies in the Europe Aircraft Video Surveillance market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Aerion and Latécoère joined forces to in order to develop video surveillance system for the business jet, AS2 supersonic. The production of AS2 supersonic will commence in 2023 in Aerion Park, FL, US and the video surveillance system will feature high-definition camera with integrated artificial intelligence.
In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of COVID-19 has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This move by the airlines has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft video surveillance market players. Airbus, a leading and forerunner in Europe's aircraft production volume, delivered only 477 aircraft during January to November 2020, compared to 725 aircraft during the period from January to September 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, have also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft video surveillance market as the demand for these systems declined among the European aircraft manufacturers mentioned above. Although, France, Italy, the UK, and Russia are among the key countries that have higher number of aircraft manufacturers, they are the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.
The report segments the Europe Aircraft Video Surveillance market as follows:
Europe Aircraft Video Surveillance Market – By System Type
- Cockpit door surveillance
- Cabin surveillance systems
- Environmental cameras systems
Europe Aircraft Video Surveillance Market – By Fit Type
- Retrofit
- Line fit
Europe Aircraft Video Surveillance Market – By Aircraft Range
- Widebody Aircraft
- Narrow body Aircraft
Europe Aircraft Video Surveillance Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
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