Aircraft Computers Market Size, Growth Report & Forecast-2028

Aircraft Computers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software), Type (Flight Controls, Utility Controls, Engine Controls, Mission Computers, and Flight Management Computers), Platform [Fixed Wing Aircraft, Rotary Wing Aircraft, and Unmanned Aerial Vehicles (UAV)], and Fit Type (Line Fit and Retrofit)

Publication Month : May 2022

  • Report Code : TIPRE00006508
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 192
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The aircraft computers market size is projected to grow from US$ 4,908.20 million in 2021 to US$ 7,140.12 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.

Geographic diversification across different North American countries and the presence of major aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada), are the major factors driving the sales of aircraft computers in North America. As per the estimations presented by Airbus in February 2022, APAC will need more than 17,620 new aircraft by 2040. China, India, and other emerging economies, such as Vietnam and Indonesia, will be the principal enablers of aircraft computers market growth in APAC. The aircraft computers market in Europe and the MEA is also growing steadily due to the rise in passenger traffic.

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Aircraft Computers Market: Strategic Insights

aircraft-computers-market
Market Size Value inUS$ 4,908.20 Million in 2021
Market Size Value byUS$ 7,140.12 Million by 2028
Growth rateCAGR of 5.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
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Impact of COVID-19 Pandemic on Aircraft Computers Market Growth

 

Several government bodies invested a substantial amount in supporting the aerospace industry despite experiencing economic disruptions. The global military spending in 2021 was increased by 0.7% compared to 2020, according to SIPRI. In 2020 and 2021, several global aircraft companies encouraged the adoption of aircraft computers. However, global supply chain disruptions caused by the significant spread of SARS-CoV-2 impacted the aircraft computer supplies in 2020. However, with the normalization of the global supply chain, the aircraft computers market started to revive post Q2 of 2020.

During the COVID-19 pandemic, the global aviation industry discontinued operations due to minimal resources. The outbreak decimated the demand for aircraft globally, which significantly lowered the volumes of orders among aircraft manufacturers and reduced aircraft production. Several aircraft production units in the US, France, Russia, and China were temporarily discontinued to adhere to the government rules regarding lockdown and social distancing. Aircraft manufacturers witnessed a 14–15% reduction in the aviation market revenue. The decline in production volumes resulted in a delay in deliveries, which adversely affected the businesses of various aircraft component manufacturers and associated technologies. However, since 2021, the demand for new aircraft has been growing globally, increasing the requirement for flight management systems and providing growth opportunities to market players.

Lucrative Regions: Aircraft Computers Market Share

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Market Insight – Aircraft Computers Market

Increasing Number of Aircraft Deliveries Driving Aircraft Computers Market

A rise in country GDPs, growth in consumer spending, and a surge in the urban population are prominent factors contributing to the increase in air travelers, highlighting the need for new aircraft across the world. The aviation industry is among the most important sectors contributing to the country's GDP. With the increasing GDP and elevating per capita income, air travel is considered the most preferred means of travel, which has paved the way for the flourishment of the aerospace and defense industry, thereby propelling the growth of the aircraft computers market. According to Airbus, the global urban population is likely to reach 5 billion by 2030. The middle-class population is predicted to increase to more than double by 2030, compared to the year 2021. Airbus has predicted to grow from 51% in 2021 to over 60% by 2030. As per Boeing’s estimation in 2021, the world’s passenger and freighter fleets are likely to increase to 42,180 by 2041 from 20,910 aircraft, with the addition of 36,770 new airplanes; this expansion in the fleet size is valued at US$ 5.2 trillion. In addition, Boeing expects to produce 25,680 new single-aisle airplanes over that period with a market value of US$ 4.4 trillion, whereas Bombardier forecasts 22,000 business aircraft deliveries over the next 20 years. Thus, growing number of aircraft deliveries is augmenting the demand for aircraft computers which is driving the aircraft computers market size over the forecast period.

Component-based Insights

An aircraft computers perform on-board multi-purpose navigation, functioning, and aircraft operations specially designed to provide virtual data and operational harmony with a flight from the pre-engine start and take-off to landing and engine shut-down. It includes various components and systems used in aircraft computers. Based on component, the aircraft computers market is segmented into hardware and software. The hardware segment accounted for the largest share of the aircraft computers market in 2021. Moreover, the software segment is projected to grow at a faster pace during the forecast period.

Players operating in the Aircraft Computers market are mainly focused on the development of advanced and efficient products.

  • In March 2022, The Federal Aviation Administration ("FAA") granted Garmin's GRMN GI 275 electronic flight instrument Supplemental Type Certification ("STC") for use in certain Part 27 VFR helicopters. GI 275 meets a variety of needs. It can be used as a primary attitude indicator because it is reliable, light in weight, and requires little maintenance. 
  • In 2021, Airbus agreed to collaborate with Thales and Diehl Aerospace to develop CityAirbus NextGen's flight control computers. The core flight control system for CityAirbus NextGen, Airbus's electric vertical take-off and landing vehicle (eVTOL) will combine incredible computational power with a lightweight design and strict safety criteria.

The analysis of the aircraft computers market is based on component, type, platform, and fit type. Based on component, the market is segmented into hardware and software. Based on type, the market is segmented into flight controls, utility controls, engine controls, mission computers, and flight management computers. Based on platform, the market is segmented into fixed wing aircraft, rotary wing aircraft, and unmanned aerial vehicles (UAV). Based on fit type, the market is segmented into line fit and retrofit.

The aircraft computers market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America led the market with a substantial revenue share, followed by APAC. Further, APAC is expected to register the highest CAGR in the aircraft computers market during 2022–2028.

The key aircraft computers market players profiled in the study are BAE Systems; Garmin Ltd.; General Electric; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon Technologies; SAAB AB; Safran Group; and Thales Group.

Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Component, Type, Platform, and Fit Type

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are factors driving the growth of aircraft computers market growth?

Rising global aircraft fleet size, increasing production of different types of commercial and military aircraft along with general aviation jets is propelling the market growth. Moreover, the modernization of existing older aircraft fleet is another major factor bolstering the market growth.

What are market opportunities for aircraft computers market?

The growing penetration of electronic modules in the aircraft industry is further providing promising growth opportunities for the aircraft computers market as the connected electronic modules help aviation operators with new methods for acquiring, transmitting, and analyzing critical data of flight operations and aircraft system maintenance.

Which component is expected to dominate the market in the forecast period?

Based on component, the aircraft computers market is segmented into hardware and software segment. The hardware segment accounted for the largest share of the aircraft computers market in 2021. Moreover, the software segment is projected to grow at a faster pace during the forecast period.

Which computer type is expected to dominate the market during the forecast period?

Based on type, the aircraft computers market is segmented into flight controls, utility controls, engine controls, mission computers, and flight management computers. The flight controls segment accounted for the largest share of the aircraft computers market in 2020.

Which region is expected to dominate the Market in the forecast period?

In 2020, North America led the market with a substantial revenue share, followed by APAC. Further, APAC is expected to register the highest CAGR in the aircraft computers market during 2022–2028.

What trends are expected to drive the demand for the Market?

The increasing demand for an in-flight entertainment experience, surge in aircraft renewals and aircraft deliveries are the prominent factors propelling the aircraft computers market. The acceleration of Wi-Fi installations onboard aircraft, combined with the large number of passengers carrying one or more digital devices, is boosting inflight innovations and acting as a major trend for the aircraft computers market.

The List of Companies - Aircraft Computers Market

  1. BAE Systems
  2. Garmin Ltd.
  3. General Electric
  4. General Dynamics Mission Systems, Inc.
  5. Honeywell International Inc.
  6. Lockheed Martin Corporation
  7. Raytheon Technologies
  8. SAAB AB
  9. Safran Group
  10. Thales Group

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.

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