The aircraft digital cockpit comprises of high-performance LCD screen rather than conventional analog systems. The demand for Aircraft Digital Cockpit market is predicted to grow at an astronomical rate owing to the factors such as burgeoning adoption of high-end technologies, increasing adoption of digital cockpit in commercial and military aircraft to improved functionalities and safety features along with rising investment in digitalizing in aviation industry.
According to MarkNtel Advisors’ research report “Global Aircraft Digital Cockpit Market Analysis, 2021”, the Global Aircraft Digital Cockpit market is anticipated to grow at a considerable CAGR during 2021-26F. Based on Display Type, Multi-functional acquired the significant market share in 2020. The demand for multi-function display is burgeoning in commercial aircraft to as it helps the flight personnel to focus on most relevant information make simpler the operation and to enhance the safety.
“Global Aircraft Digital Cockpit Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Aircraft Digital Cockpit providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Military Aircraft Exhibits the Fastest Growth
Military Aircraft is projected to grow at a highest rate in the Global Aircraft Digital Cockpit market in 2020. The growth of the segment is attributed to increasing upgradation of military aircraft with digital cockpit and burgeoning number of military planes. Thus, these are projected to surge the demand for digital cockpit in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Aircraft Digital Cockpit Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Fluid and Lubricants for 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 study: