Market Definition
Digital cockpit systems are also known as Electronic Flight Information Systems (EFIS) or Cockpit Display Systems (CDS). These systems consist of LCD screens that display information associated with the various flight aspects required by pilots. With constant developments in cockpit technology, these systems are gaining immense popularity across the aviation sector. Additionally, the introduction of new generations of digital cockpits that provide a plethora of information in just a few clicks is anticipated to present profitable opportunities to the industry in the coming years.
Market Insights
The Global Aircraft Digital Cockpit Market is projected to witness around 6% CAGR during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the mounting demand for digital cockpits to simplify different operations & navigations of an aircraft for the pilots & allow them to focus only on the relevant information. This escalating requirement for the digital cockpit in aircraft for accuracy, enhanced safety, situational awareness, & automation for the pilots, among others, is driving the global market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-2027) | 6% |
| Regions Covered | North America: The US, Canada, Mexico |
| Europe: Germany, The UK, France, Russia | |
| Asia-Pacific: China, Japan, India, South Korea | |
| South America: Brazil, Argentina | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled |
Astronautics Corporation of America, Elbit Systems Ltd, TransDigm Group Inc., Honeywell International Inc., Garmin Ltd, Collins Aerospace (United Technologies Corporation), Thales Group, Safran SA, Leonardo S.P.A., L3Harris Technologies Inc. |
| Unit Denominations | USD Million/Billion |
Besides, the aviation industry seeks lightweight aircraft with fewer components. Consequently, this augments the demand for multi-functional displays that can show information about the different areas of the aircraft instead of requiring individual systems, which is another crucial aspect generating lucrative growth opportunities for the leading players in the market.
Moreover, military aircraft are amongst the largest consumers of digital cockpits since they eliminate the need for a flight engineer & reduce costs. Furthermore, an increasing inclination of different countries worldwide toward the procurement & modernization of military aircraft with advanced systems shall further fuel the demand for digital cockpits & drive the global market in the coming years
