Global Air Data Systems Market Research Report: Forecast (2024-2030)

Market Definition

Air data systems are mainly aircraft computer system that provides detailed information about the speed of aircraft, position, and altitude and are a vital part of the avionics system. The air data system is prepared up of numerous sensors that recognize the air pressure, airflow, temperature, and transversely the surfaces of the aircraft, such as pitot tubes & angle. It supports the pilot in achieving defined & operative airspeed landings.

Market Insights & Analysis: Global Air Data Systems Market (2024-30)

The Global Air Data Systems Market was valued at around USD 1.2 billion during 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-30. The market is being fueled by the demand for more advanced aircraft systems, the development of automation & modernization in the aviation industry, and the expanding consequence of reliable information in the air.  The military aviation industry is anticipated to experience a considerable increase in recognition of unmanned aerial vehicles (UAVs) and additional cutting-edge aircraft. Hence, the rising demand for novel aircraft by airlines & army forces around the globe is the critical factor boosting the market expansion.

Moreover, to improve the economy, many countries are focusing on the tourism industry, which contributes to advancing market growth. Further, to increase national safety, governments of many nations are also focusing on their aviation industry, which further impacts the market share. Besides, increased R&D investments directed toward the advancement of air data systems have the potential to drive industry expansion in the foreseeable future. The continuous evolution of technology, particularly in areas such as cloud computing, artificial intelligence, and real-time data monitoring, represents additional factors that are propelling market growth.

Manufacturers of air data systems are consistently enhancing their products to align with the evolving technological landscape and meet the specific requirements of their customers. Consequently, the increasing adoption of these systems across various sectors, coupled with ongoing research and development efforts aimed at technological improvement, is expected to significantly contribute to enhancing the Air Data Systems Market size in the future years.

Global Air Data Systems Market Driver:

Expanding Aerospace Industry & Growing Adoption of UAVs to Fuel the Market Growth – The increasing aviation industry accounts for instigating investments by the prime players, thus boosting the demand for air data systems and contributing to propelling the overall air data system market. The surge in a wide variety of aircraft for commercial use with advanced technology & high capacity supports the market size. Furthermore, government agencies in several countries are also investing in the aviation industry & encouraging the implementation of different purposes around the globe. In unmanned aerial vehicles (UAVs), the air data systems allow operators to improve & manage the fleet in the air.

Hence, the demand for air data systems is advancing due to the enhanced performance prominence of the aircraft & the decrease in data entry errors. They assist in evaluating & monitoring environmental factors that affect flight performance & inform the pilots in case of threshold. In line with this, the growing adoption of UAVs in military & commercial sectors further assists in driving the Air Data Systems Market in the upcoming years.

Global Air Data Systems Market Possible Restraint:

High Cost Associated with Small & Medium UAVs Air Data Systems to Hinder Market Growth

The higher costs associated with air data systems for small & medium airliners or UAVs are likely to hamper the market growth during the predicted period. The manufacturing of air data systems for small & medium-sized aircraft, along with the unattainability of advanced technologies associated with products in under-emerged economies, are intended to impede the Air Data Systems Market in the years ahead.

Global Air Data Systems Market (2024-30): Segmentation Analysis

The Air Data Systems Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national level. In accordance to the analysis, the market has been further classified as:

Based on Aircraft Type:

• Narrow Body Aircraft
• Wide Body Aircraft
• Very Large Aircraft
• Regional Transport Aircraft
• Business Jet
• Fighter Aircraft
• Military Transport Aircraft
• Rotary Wing Aircraft
• Unmanned Aerial Vehicle (UAV)

Narrow Body Aircraft is presumed to grab the potential share of the Air Data Systems Market in the forecast years. This type of aircraft is commonly employed for short-distance international and domestic flights, featuring a single aisle in its cabin layout. It accommodates a smaller number of passengers compared to wide-body or large aircraft. Additionally, the increasing adoption of narrow-body aircraft is having a favorable impact on the market due to their cost-effective operations and lower fuel consumption.

Based on the End User:

• Civil
• Military

The Civil segment captures the dominating share of the Air Data Systems Market and is speculated to witness tremendous growth in the upcoming years as well. A surge in travel activities for different purposes has instigated the demand for new aircraft, eventually contributing to the high demand for air data systems. The expanding global demand for personal aircraft for travel, driven by rising individual incomes, is a crucial driver fueling market expansion. Furthermore, the growing global interest in international tourism is projected to stimulate further growth in the industry during the forthcoming period.

Global Air Data Systems Market: Regional Projection

Geographically, the Air Data Systems Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Asia-Pacific region is projected to have a high growth rate during the estimated period due to the high demand for air data systems in military aviation and commercial sectors. The prime driver for the progress of the market is the growing procurement of commercial aircraft from countries, like India, China, Indonesia, Thailand, and Vietnam. The fueling of air traffic & the advancement of the airline industry in Asian countries are also supporting the growth of the regional market. Along with this, due to the increasing air traffic & improvement in the disposable income of the population, India & China are also contributing to the Air Data System Market.

Additionally, several countries are also acquiring novel military aircraft, for instance, China is spending heavily on the expansion & disposition of innovative fighter aircraft. Thus, the rising procurement of novel aircraft is generating a demand for air data systems, thereby, thrusting the growth of the Asia-Pacific Air Data Systems Market.

Global Air Data Systems Industry Recent Development

• 2023: Parker Meggitt entered into a partnership with Airbus to produce an e-buffer (energy buffer) in support of the ZEROe aircraft demonstrator.

Gain a Competitive Edge with Our Global Air Data Systems Market Report

• Global Air Data Systems Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Air Data Systems Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.