Global Aviation Digital Maps Software Market Research Report: Forecast (2022-27)

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.

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:

• According to Stockholm International Peace Research Institute, China & India led the Asian region in military spending in 2019 after these two military giants Japan & South Korea, had the highest defense expenditure 2019.

Key Trends in the Market

• Introduction of Electric Aircraft & Flying Taxis

The adoption of the new eVTOLs (electric vertical takeoff & landing aircraft) in the aerospace & defense industry is growing at a significant rate as eVTOLs is a combination of modern electrical & autonomous technologies such as AI, big data, and others, with no carbon emissions. The development of electric aircraft & flying taxis is motivated by a desire to reduce aircraft pollution while also promoting air travel as a viable option. The demand for digital mapping software is expected to rise as the government invests more in the deployment of electric aircraft & flying taxis. Furthermore, the rising demand for urban air mobility solutions around the globe is another factor predicted to boost the demand for eVTOL during the forecast period. For instance:

• Prague-based ZURI, the company developing hybrid VTOL aviation technology aimed at regional passenger & cargo transportation, secured USD2.84 million investments in 2021 for the continued development of hybrid VTOL aircraft

Impact of Covid-19 on the Global Aviation Digital Maps Software Market

By 2020, the Global Aviation Digital Maps Software market observed an acute decline due to the outbreak of the COVID-19 pandemic. The production rates of commercial aircraft also reduced, owing to the temporary suspension of fleet operations across the globe along with the number of travelers decreased due to international travel-specific restrictions imposed by the governments of several countries worldwide. However, with the post-COVID-19 scenario, ongoing future projects to purchase new military aircraft among the countries along with logistics providers and airline operators such as Air Canada, Volatus Aerospace, Flexport, Astral Aviation, Aurora International, and Dymond are also increasing their fleets with new orders of cargo. Hence, this is expected to spur the market growth considerably in 2022-2027.

Market Segmentation

Based on Map Type:

• 2D
• 3D

Among the two, the 3D digital map software is anticipated to have considerably high demand in the Global Aviation Digital Maps Software market, due to its enhanced configuration, which further improved the pilot's situational awareness, hence boosting passenger safety. Consequently, the inclination of aircraft OEMs toward the digital 3D map is expected to grow at a considerable rate during the forecast period. The surging export of aircraft to developing countries such as India, Argentina, the increasing number of software up-gradation in commercial & military aircraft, and the introduction of VTOL 3D maps for electric planes by the market players are some of the factors strongly contributing to the market growth of Digital Map Software market in the aviation industry in the coming years.

Based on End Users:

• Commercial Airports
• Aeronautics
  • Commercial Aircraft
  • Military Aircrafts

Of them all, the commercial airports exhibited a considerable demand for digital maps software over the past few years due to the construction of new airports & expansion of runways worldwide. In addition, the surging government expenditure for the expansion of the airport to meet rapid air traffic growth, owing to growing air passengers, would create an opportunity for the installation of air traffic control towers. Hence, the building of new air traffic control towers would further encourage the need for the installation of digital maps software.

• In 2018, Indira Gandhi International Airport, New Delhi, India, announced the launch of the fourth runway by 2020, and a new air traffic control tower was envisioned to be opened in 2018.

Regional Landscape

Geographically, the Global Aviation Digital Maps Software Market encompasses:

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

Of all regions globally, North America held the major market share in the historical period, owing to the factors such as burgeoning investment in new aircraft manufacturing by OEMs & the presence of OEMs in large countries such as the US & Canada. For instance, in 2021, Boeing Co. aims to invest USD200 million to begin manufacturing the U.S. Navy’s latest unmanned aircraft at MidAmerica St. Louis Airport.

Besides, the surging government initiatives to promote aviation industries, soaring inclination toward electric vertical take-off & landing (eVTOL) aircraft, and increasing aircraft & fighter jets in the air force of North American countries are also generating revenue opportunities for the Aviation Digital Maps Software market. For instance:

• In 2021, the Canadian government planned to invest about USD541.2 million in the next five years to promote the Department of National Defense for maintaining six Royal Canadian Air Force fighters & a Royal Canadian Navy frigate to strengthen its North Atlantic Treaty Organization (NATO) capabilities.

Recent Developments by Leading Companies

• In 2021, Kongsberg Geospatial Ltd. announced the launch of TerraLens 9.3, the product focused on improving performance for 3D visualization for large viewports & increasing map handling in aircraft.
• In 2019, Honeywell International Inc. Introduced IntuVue RDR-7000 Weather Radar System to assist pilots safely navigating inclement weather, keeping passengers comfortable & get them to their destinations on time. It includes the intuitive display of weather along a flight path to help choose the safest & most comfortable route.

Market Dynamics:

Key Driver: Rising Government Investment in the Aerospace & Defense Industry

The increasing government investment in the development & manufacturing of aircraft across the globe boosted the demand for the integration of digital maps software in aircraft during the historical period. The digital maps software includes AI technology, which helps capture real-time tracking of aircraft, monitoring & capturing of data, and provides reliable conditions to aircraft pilots for the landing of aircraft, in the worst situation. Moreover, increasing military expenditure for fleet size expansion, owing to rising geo-political tension among the companies is further driving the demand for digital maps software in the forecast period. For instance:

• In September 2021, Tata & Airbus signed an agreement of USD2.9 billion with the central government to manufacture C-295 military aircraft in Uttar Pradesh, India.

Possible Restraint: Balancing Cybersecurity with National/Global Security

The rising demand for commercial aircraft in developing countries such as India, Qatar, Chile, etc., along with increasing government investment in aerospace are likely to open up opportunities for aircraft production in these countries. Moreover, the increasing individuals' disposable money & government program for manufacturing, repair, and operations (MRO), which includes hardware & software maintenance, are driving up the market growth. Furthermore, the growing number of air traffic passengers has had an impact on aircraft demand coupled with the expansion of airport infrastructure, including air traffic control units, which is another major reason for surging the demand for aviation digital maps software. Thus, the government in these countries plans to invest or take initiative in the manufacturing & development of commercial aircraft & airports. For instance:

• In 2022, Airbus introduced six new-generation BelugaXLs based on the larger A330-200 platform to support Airbus’ ramp-up of its airliner production.

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Aviation Digital Maps Software Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Aviation Digital Maps Software Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Aviation Digital Maps Software Market based on the competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the Global Aviation Digital Maps Software Market study?