The Global Aircraft Switches Market is expecting around 3.3% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The market growth is driven primarily by the burgeoning air passengers & traffic, i.e., propelling aircraft production and surging the deployment of aircraft switches.
Besides, the escalating need for In-Flight Entertainment & Connectivity (IFEC) systems for enhanced flying experience & operation efficiency, coupled with rapid development in aircraft electronics, are other prominent aspects propelling the demand for aircraft switches & driving the global market.
Moreover, rapid digital transformations in different aircraft systems are encouraging the leading players to develop technologically advanced aircraft switches and drive the market through 2027, further states the research report, “Global Aircraft Switches Market Analysis, 2022.”
Mounting Demand for Switches in Cockpits to Drive the Market through 2027
The rapidly growing need for switches in the cockpit to aid pilots in the efficient operation & control of the aircraft by commanding appropriate input is the prime aspect attributed to the mounting demand for aircraft switches for the cockpit application of aircraft.
Besides, the presence of alternatives like touch-based technology is further instigating the leading players in the market to develop more convenient switches with new features for the cockpit. Hence, these aspects would contribute to the overall market growth of aircraft switches for the cockpit application in the coming years.
With Increasing Production of Commercial Aircraft, North America Dominates the Market
North America is anticipated to dominate the Aircraft Switches Market with the largest share during the forecast period. The regional market is likely to be driven primarily by the mounting demand for commercial aircraft, coupled with a surge in advanced in-flight services, i.e., further encouraging aircraft manufacturers to enhance their product line.
Besides, the rising trend of upgrading old aircraft to avoid accidents is another crucial aspect boosting the need to have more switches in commercial aircraft. Additionally, the leading market players like Curtiss-Wright Corporation, Honeywell International Inc., Collins Aerospace, etc., headquartered in the US is another crucial aspect expected to drive the regional market in the coming years, reveals MarkNtel Advisors in their research report, "Global Aircraft Switches Market Analysis, 2022."
According to MarkNtel Advisors, the leading players in the Global Aircraft Switches Market are Safran, Curtiss-Wright, Esterline Technologies, Honeywell, Meggitt, United Technologies Corporation, Eaton Corporation, Ametek, TE Connectivity, & Raytheon.
Key Questions Answered in the Research Report: