Market Definition
An aircraft digital cockpit comprises electronic flight instruments for Displays such as large LCD screens controlled by flight management systems. It is used in commercial & military aircraft across the globe. Three types of displays are used in aircraft digital cockpit, including primary flight display, multifunctional display, and engine indicating & crew alerting system display.
Market Insights
The Global Aircraft Digital Cockpit market is projected to grow at a CAGR of around 12.03% during the forecast period, 2022-27. The Global Aircraft Digital Cockpit market witnessed considerable growth during the historical years, owing to the growing trend of the upgradation of existing fleet of commercial & military aircraft or manufacturing new aircraft equipped with the digital cockpit. Further, the adoption of digital cockpits has been rising due to its numerous benefits over traditional analog cockpits such as a display for various flight information like engine parameters, fuel quantity, alert for flight malfunction issues, etc., on a single screen.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR | 12.03% |
| Regions Covered | North America: The US, Canada, Mexico |
| Europe: Germany, The UK, France, Russia, Rest of Europe | |
| Asia-Pacific: China, Japan, India, Australia, Rest of Asia Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: Israel, GCC, South Africa, Rest of The Middle East & 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 |
Due to this, the implementation or retrofitting of digital cockpits has had an impact on the market growth of aircraft digital cockpits worldwide as they have simplified the navigation process, improved safety & security, reduced pilot workload, etc. Hence, this has resulted in aircraft manufacturers using these cockpits either in their existing or new aircraft. Thus, the growing trend of digitalizing aircraft would subsequently increase the demand for digital cockpits during the forecast years. Furthermore, the burgeoning defense expenditures by the countries such as India, China, Romania, Croatia, Greece, etc., to strengthen their defense base has also escalated the demand for military aircraft. Additionally, the adoption of the digital cockpit has increased military aircraft efficiency by improving pilot situational awareness such as enabling pilots to fly at low levels at night & in bad weather situations. Hence, due to the wide range of benefits of the digital cockpit in military aircraft, several deals took place in-between the countries, which have helped the growth of the Aircraft Digital Cockpit market. Such deals in the coming years would amplify the market of aircraft digital cockpits globally.
Impact of COVID-19 on Global Aircraft Digital Cockpit Market
The COVID-19 pandemic had a severe influence on the aviation industry & significantly impacted the Global Digital Cockpit market in 2020. This is due to airlines canceling new aircraft orders as well as the key aircraft manufacturers Airbus and Boeing cutting down production predictions by up to 50%. Furthermore, the MRO market decreased dramatically, and work (apart from routine maintenance) has been reduced to a bare minimum. In addition to the upgrade of the legacy fleet, commercial airlines are the key contributors to the new demand for digital cockpits. With the curtailed capital investment in new aircraft purchases & delayed overhaul plans, the aviation industry witnessed massive financial losses. Moreover, the major player in commercial aircraft such as Boeing & Airbus, faced losses of USD11.9 billion and USD1.4 billion in 2020, with production cuts ranging from 30% to 50%. Besides, aircraft delivery deferrals & cancellations occurred at an unprecedented rate. Additionally, since the start of COVID-19, almost 1,000 narrow-body aircraft & 350 wide-body aircraft deliveries scheduled for 2021-2022 have been delayed or canceled.
Market Segmentation
By Display Type
In the historical years, Primary Flight Displays and Engine-Indicating & Crew-Alerting System (EICAS) displays grabbed a significant share in the Global Aircraft Digital Cockpit Market due to their several advantages over traditional round-dial cockpits. These benefits include displaying all the flight information like engine parameters, fuel quantity, cabin pressure, etc., on one screen. Additionally, some of the features such as an altimeter & airspeed indicator have been transformed into digital tape displays, which have reduced the pilot workload during flight operations. Hence, the benefits of primary flight display & EICAS display would captivate the aircraft manufacturers to implement them in newly manufactured aircraft or upgrade their existing fleets in the coming years.
Furthermore, the increasing demand for commercial aircraft incorporated with digital cockpits has caught up the interest of aircraft digital cockpit manufacturers to release technologically advanced primary flight displays. Thus, the launch of upgraded aircraft digital cockpits with several benefits would outpace the traditional round dial cockpit during the forecast years.
By Aircraft Type
Commercial aircraft held a significant share in the Global Aircraft Digital Cockpit market from 2017 to 2021 due to the growing adoption of digital cockpits in newly manufactured commercial aircraft such as passenger aircraft, cargo jets, business jets, etc. The adoption of the digital cockpit in commercial aircraft has been accounted for its numerous benefits such as reduced preflight preparation & preflight time, display of most flight parameters such as engine parameters and altitude indicator on a single screen, etc., have been a value-added advantage for the adoption of the digital cockpit for passenger aircraft, cargo aircraft, and tourism helicopters.
Furthermore, with the growing demand for commercial aircraft, owing to the rise in international & domestic air travel passengers, along with the advanced technological research in digital cockpits, the aircraft digital cockpit providers have focused to develop next-generation digital cockpits. Consequently, the introduction of digital cockpits with new configurations would provide an opportunity area for commercial aircraft manufacturers to adopt them in their new aircraft in the forthcoming years
By Display Size
Based on display size, aircraft digital cockpit display size up to 5-10 inches and greater than 10 inches held a noticeable market share over display size less than 5 inches in the Global Aircraft Digital Cockpit market since 2017 due to its advantages of eliminating separate avionics computers from the aircraft. As the technologically advanced large aircraft digital cockpit displays have been capable of reflecting several numbers of aircraft information on a single screen such as map navigations, weather information, engine parameters, airspeed, etc.
Furthermore, large digital cockpit displays have increased the pilot's situational awareness like aircraft's physical position in space, airspace reservations by other aircraft, etc., along with this, a display size of more than 10 inches has also increased the military aircraft survivability, owing to the benefit of smooth operations during harsh weather conditions. Therefore, the capability of display size greater than 10 inches for presenting maximum aircraft information on a single screen is expected to prevail in the market of aircraft digital cockpits during the forecast period.
Regional Landscape
Amongst all regions globally, the Aircraft Digital Cockpit Market grew significantly across North America during the historical period. It attributes prominently to the extensive presence of aircraft OEMs like Boeing, Airbus, & Lockheed Martin, coupled with a strong foothold of vendors like Thales, Garmin, Rockwell Collins, Honeywell, etc., across the region. Besides, massive investments by the leading market players into the delivery of aircraft equipped with touchscreen cockpit displays to airlines, along with the aircraft production & expansion projects, are other crucial aspects projected to flourish the regional market growth for aircraft digital cockpits over the forecast years. For instance:
Key Trend in the Global Aircraft Digital Cockpit Market
The rapid implementation of IoT sensors in aircraft showed significant growth for the digital cockpit in recent years. The multiple advantages such as tracking weather conditions, velocity, angle, etc., are connected to a central system that can be monitored by the pilot. Hence, the integration of IoT in aircraft has supported the demand for aircraft, subsequently leading to enhance digital cockpit market globally. IoT sensors in aircraft provide real-time data to the cockpit & flight computer and allow the pilot to access accurate information on the real-time based conditions of the aircraft. Therefore, the growing implementation of automated sensors in aircraft would infuse real-time data gathering as well as information rendering on the display would make it more informative, thereby increasing the demand for digital cockpits in the coming period.
Market Dynamics
Key Driver: Modernization & Up-gradation of Aircraft
Artificial Intelligence (AI), Machine Learning (ML), Cloud Computing, etc., are some of the key technologies being integrated into digital cockpit systems. The modernization & up-gradation of aircraft include digital display, maps, and high accuracy of aircraft engines to reduce the chances of error, enhance performance & accuracy, and provide a convenient aircraft control system for pilots. In light of these factors, many digital cockpit manufacturers have developed advanced & updated aircraft digital cockpit systems, which have fueled the Global Aircraft Digital Cockpit market in the past period and are also anticipated, to positively impact the market in the future. For instance:
Possible Restraint: Worldwide Semiconductor Chip Shortage
Semiconductors are often known as the 'brain of the computer' as they are an essential component in the complete manufacturing of an aircraft's digital cockpit & other aircraft components. A severe chip shortage has been witnessed since 2020, which has affected many manufacturing industries, including automotive, aircraft, electronic equipment, etc. As per the commercial aircraft manufacturing giants, Boeing & Airbus, commercial aviation has been drastically hit by the supply shortage & rising prices, which have slowed the aircraft & its component manufacturing, which in turn has dipped the revenues and profits of the commercial aircraft manufacturing players across the globe.
Moreover, the narrow-body aircraft are the ones that are facing grave constraints in fulfilling manufacturing orders, owing to their increased demand for the short-haul trips during the pandemic and the shortage of semiconductor chips. According to Cessna, an aircraft manufacturer based in the US, there has been a nearly 20% increase in business jet operations since the pandemic, compared to 2019. Moreover, the disruption caused by the slow production of semiconductor chips is negatively impacting the market for aircraft digital cockpits.
Additionally, China is the major manufacturer & supplier of semiconductor chips, but the advent of Covid-19 in 2020 and the restrictions and lockdowns implemented greatly interrupted the supply chain of semiconductors across the globe from early 2020 till the current period.
Recent Developments by Leading Companies
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Aircraft Digital Cockpit Market is projected to grow at a CAGR of around 12.03% during 2022-27.
A. Multi-function Display segmented are anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Aircraft Digital Cockpit Market during 2022-27.
A. Growth in demand for 5th generation aircraft, and modernization of air force by countries such as China, India, Turkey, Australia, Pakistan, etc., across the globe are expected to present massive opportunities to the companies involved in Aircraft Digital Cockpit Market
