Aircraft Cockpit Control Panels Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Aircraft Cockpit Control Panels Market covers analysis By Component (Connectors, Embedded Wiring, Lamps, LEDs, Indicators, Others); Application (Lighting Control and Illuminated Panel, Control and Switch Panel, Audio Control Panel, Others); Platform Type (Commercial Aircraft, Business Jets, Military Aircraft, Helicopter) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00026536
  • Category : Aerospace and Defense
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Aircraft cockpit control panel includes an integrated system of wires, connectors, switches, and many other electronic components, acting as a commanding centre of the aircraft. The control panel helps in the control of speed, altitude, vertical speed, vertical navigation, lateral navigation, AC temperature and lighting of the aircraft. The advancement in electronic components technology and rise in number of aircraft in commercial fleet is driving the growth of the market.

MARKET SCOPE

The "Global Aircraft Cockpit Control Panels Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Cockpit Control Panels market with detailed market segmentation by component, application, platform type, and geography. The global Aircraft Cockpit Control Panels market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Cockpit Control Panels market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on component, the global Aircraft Cockpit Control Panels market is segmented into connectors, embedded wiring, lamps, LEDs, indicators, other.
  •   On the basis of application, the market is segmented into lighting control and illuminated panel, control and switch panel, audio control panel, and others.
  •   Based on platform type, the market is segmented into commercial aircraft, business jets, military aircraft, helicopter.

MARKET DYNAMICS
Drivers:

  •   Rising requirement of pilot-friendly Aircraft Cockpit control panels
  •   Integration of advanced technologies and manufacturing techniques in Aircraft Cockpit Control Panels
  •   Development of new aircraft and replacement of control panels in existing ones

Restraints:

  •   Saturated technology of existing Aircraft Cockpit Control Panels

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Cockpit Control Panels market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyses factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Cockpit Control Panels market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT COCKPIT CONTROL PANELS MARKET

The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. Major aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2020 due to the declining demand for air travel and wide-scale flight cancellation. Air cargo traffic levels contracted during the pandemic's peak due to weak global trade growth and capacity limitations. However, near-term cargo air traffic has begun to recover and creates a good market for Aircraft Cockpit Control Panels in the long term. In addition to the near-term impact, the global aviation industry implements longer-term strategies involving reduced capacity, shifting route patterns, and mitigation strategies related to the effects of COVID-19. Moreover, the requirement of Aircraft Cockpit Control Panels in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players.

Aircraft Cockpit Control Panels Market Report Analysis

Aircraft Cockpit Control Panels Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Raytheon Technologies
  • Honeywell International Inc.
  • Groupe Latecoere
  • Astronics Corporation
  • Thales Group
  • Firan Technology Group Corp. (FTG)
  • EDN Aviation Inc.
  • SKALARKI electronics Ltd.
  • Safran S.A.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Component
  • Connectors
  • Embedded Wiring
  • Lamps
  • LEDs
  • Indicators
  • Others
By Application
  • Lighting Control and Illuminated Panel
  • Control and Switch Panel
  • Audio Control Panel
  • Others
By Platform Type
  • Commercial Aircraft
  • Business Jets
  • Military Aircraft
  • Helicopter
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS


The report covers key developments in the Aircraft Cockpit Control Panels market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Cockpit Control Panels market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Cockpit Control Panels in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Cockpit Control Panels market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  •   Raytheon Technologies
  •   Honeywell International Inc.
  •   Groupe Latécoère
  •   Astronics Corporation
  •   Thales Group
  •   Firan Technology Group Corp. (FTG)
  •   EDN Aviation Inc.
  •   SKALARKI electronics Ltd.
  •   Safran S.A.
    The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

    Aircraft Cockpit Control Panels Market Report Scope

    Report Attribute Details
    Market size in 2023 US$ XX Million
    Market Size by 2031 US$ XX Million
    Global CAGR (2023 - 2031) XX%
    Historical Data 2021-2022
    Forecast period 2024-2031
    Segments Covered By Component
    • Connectors
    • Embedded Wiring
    • Lamps
    • LEDs
    • Indicators
    • Others
    By Application
    • Lighting Control and Illuminated Panel
    • Control and Switch Panel
    • Audio Control Panel
    • Others
    By Platform Type
    • Commercial Aircraft
    • Business Jets
    • Military Aircraft
    • Helicopter
    Regions and Countries Covered North America
    • US
    • Canada
    • Mexico
    Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
    Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America
    Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
    Market leaders and key company profiles
  • Raytheon Technologies
  • Honeywell International Inc.
  • Groupe Latecoere
  • Astronics Corporation
  • Thales Group
  • Firan Technology Group Corp. (FTG)
  • EDN Aviation Inc.
  • SKALARKI electronics Ltd.
  • Safran S.A.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1.Raytheon Technologies
    2.Honeywell International Inc.
    3.Groupe Latecoere
    4.Astronics Corporation
    5.Thales Group
    6.Firan Technology Group Corp. (FTG)
    7.EDN Aviation Inc.
    8.SKALARKI electronics Ltd.
    9.Safran S.A.
    10.Dart Aerospace

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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