The Global Aircraft Digital Cockpit Market is expecting around 6% CAGR during 2021-26, cites MarkNtel Advisors in their recent research report. The burgeoning need to simplify aircraft operation & navigation and allow pilots to focus only on relevant information is the prime aspect propelling the demand for digital cockpits in aircraft to deliver enhanced accuracy & safety, situational awareness, & automation to the pilots and, in turn, driving the global market. Additionally, the increasing demand for components & equipment with lighter weight & more functionality is another crucial aspect augmenting the growth of the aircraft digital cockpit market.
Utilizing advanced technologies & automation in aircraft digital cockpits help pilots attain more accurate information & readings than conventional cockpits. Hence, the adoption of digital cockpits is rising substantially worldwide and generating lucrative growth opportunities for the leading players in the industry, further states the research report, “Global Aircraft Digital Cockpit Market Analysis, 2021.”
Rapid Adoption of Primary Flight Displays to Contribute Significantly to the Market Growth
Primary flight displays are gaining swift adoption due to their benefits like virtually displaying all kinds of information to pilots to determine basic flight parameters like the altitude, attitude, rate of climb, airspeed, heading, & others. Besides, these displays also show the flight director modes, autopilot & auto-throttle engagement status, and approach status of the aircraft to the pilots. It, in turn, is significantly propelling their demand & augmenting the overall market growth through 2026.
With Mounting Adoption of Advanced Aircraft in the US, North America Dominates the Market
Of all regions globally, North America is projected to continue its dominance in the Aircraft Digital Cockpit Market with the largest share during 2021-26. It owes principally to the early procurement & modernization of aircraft equipment across both commercial & military aviation sectors in the region. Besides, since North America is amongst the largest markets for aircraft digital cockpits, several leading market players witness numerous growth opportunities across the region.
The US is projected to drive the regional market in the coming years, owing primarily to the surging adoption of critical mission aircraft, new generation fighters, helicopters, etc., integrated with technologically advanced digital cockpits to enhance situational awareness among pilots, reveals MarkNtel Advisors in their research report, "Global Aircraft Digital Cockpit Market Analysis, 2021."
The leading players in the Global Aircraft Digital Cockpit Market are Astronautics Corporation of America, Elbit Systems Ltd., Esterline Technologies Corporation, Honeywell International Inc., Garmin Ltd., Collins Aerospace (United Technologies Corporation), Thales Group, Safran SA, Barco NV, Leonardo S.P.A.
Key Questions Answered in the Research Report: