Market Definition
Map software aids in the real-time location of airplanes on a map. It also helps in the portrayal of dynamic terminal maps to improve pilot situational awareness during ground movements. There are two types of digital map software, i.e., 2D & 3D, where a 3D map provides a high-resolution image, showcasing images at 60cm. Several companies are offering 3D map software such as VTOL 3D map, IdataMap, etc. The Global Aviation Digital Maps Software market is increasing due to the growing demand for tracking & monitoring air traffic in various industries across the globe.
Market Insights
The Global Aviation Digital Maps Software Market is projected to grow at a CAGR of around 6.51% during the forecast period, i.e., 2022-27. The Global demand for aviation digital maps is expected to grow, owing to various factors such as increasing government expenditure on aerospace & military aircraft, and the growing demand for predictive analysis of aircraft. The growing requirement to improve the accuracy & durability to avoid high replacement costs for various industries would drive the Global Aviation Digital Maps Software market. Furthermore, the up-gradation of digital maps software in commercial aircraft after every 28 days during the inspection, repair, and service of aircraft has positively impacted the Global Aviation Digital Maps Software market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 6.51% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, The UK, France, Italy, Russia | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| Latin America: Brazil, Mexico | |
| Middle East & Africa: Israel, Turkey, UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | KONGSBERG GEOSPATIAL Ltd., ENSCO, Inc., IDS INGEGNERIA DEI SISTEMI S.P.A., L3Harris Technologies, Inc., Elbit Systems Ltd., Jeppesen – A Boeing Company, Honeywell International Inc., Garmin International, Inc. |
| Unit Denominations | USD Million/Billion |
Furthermore, the growing strategic partnership between aeronautical players and government initiatives such as Make in India, the Nordic Initiative for Sustainable Aviation, Green Aviation Revolution, etc., as well as increased defense expenditures such as military aircraft manufacturing by countries, are expected to contribute significantly to the growth of the Digital Map Software market in the years 2022-2027. Moreover, most of these amounts were spent on manufacturing or up-gradation of military equipment in which the up-gradation of fighter jets grabbed the highest package. For instance:
