Market Definition
Aircraft Central Processing Unit (CPU) refers to the silicon chips located on the computer’s motherboard, used in the aircraft avionics, responsible for processing all the information being collected & displaying it to the mission display computers. The integration of newer fourth- & fifth-generation aircraft and the increasing focus of the large militaries to acquire the respective combat jets in the air force has surged the demand for aircraft manufacturing, which, in turn, has increased the demand for aircraft CPUs.
Market Insights
The Global Aircraft Central Processing Unit (CPU) Market is projected to grow at a CAGR of around 4.46% during the forecast period, i.e., 2022-27. The increasing military expenditure & focus on air mobility are the major factors contributing to the market's growth, which will lead to an increase in CPU demand for commercial & military aircraft. Moreover, several countries, including the US, India, China, the UK, France, Japan, etc., have increased their aviation expenditures exponentially to enhance their air combat capabilities amid escalating geopolitical tensions.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 4.46% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, Russia, France | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil, Argentina | |
| Middle East & Africa: Israel, Saudi Arabia, South Africa | |
| Key Companies Profiled |
Pythium Technology Co., Ltd., NXP Semiconductors N.V., L3harris Technologies, Inc., ARM Ltd., Intel Corporation, Qualcomm Inc., Advanced Micro Devices, Inc. |
| Unit Denominations | USD Million/Billion |
Additionally, the up-gradation of the existing legacy fleet of aircraft to enhance the air combat readiness to match the existing capability of the 4th & above generation of aircraft is also one of the prominent reasons for the rising growth of aircraft CPUs in the coming years. Moreover, the upcoming plans of different countries to replace the old air fleet with newer aircraft would be crucial for the enhancement in the production of military jets and the consequent growth in the demand for CPUs to be integrated into the newer aircraft.
Key Trends in the Market
With the growing global population, traffic congestion is on the rise in urban areas. In turn, this has increased the demand for technically advanced transportation systems such as air taxis, manufactured by various aircraft manufacturers, like Lilium, Airbus, Kitty Hawk, etc. Hence, to handle the vast amount of data collected by air taxis, the manufacturing companies will require highly efficient CPUs with better memory & power usage, and improved software & hardware. Furthermore, to reduce the pollution caused by air taxis, various companies are collaborating extensively with governments of several countries across the globe for developing electrical air taxis & their infrastructures.
Besides, the increasing demand for convenient, faster, and more comfortable transportation is propelling the demand for air taxis, which, in turn, would accelerate the need for higher-performing CPUs to control the technically advanced electric air taxis.
