The Aircraft Switches Market Size was valued at USD 2.65 billion in 2022 and is expected to reach USD 3.45 billion by 2030, and grow at a CAGR of 3.4% over the forecast period 2023-2030.
Flight switches are traps used in important tasks such as transmitting and receiving commands; therefore, flight modifications should be reliable and easy to access. They are used by the pilot and crew to monitor and control the performance of the aircraft. These changes can be activated automatically and automatically. Automatic switching is a type of sensor, which is used to measure temperature, pressure, and frequency.
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Flight switches are available in the aircraft cabinet, guard area, avionics, engine, and APU. Flight cockpit switches are used to control parts and systems such as fuel, engine, lights, radio communication equipment, navigation services, and more. In addition, they are used by the pilot for a number of tasks, such as starting the engine, selecting the wind speed, controlling the power supply, and so on. In addition, aircraft switches are also used in military aircraft for combat purposes such as ammunition control. Sales of aircraft switches are expected to increase due to the increased development of prototyping tools that allow for the pre-validation of cockpit functionalities during flight tests to accommodate increasing air traffic. As a result, demand for aircraft switches is expected to increase significantly between 2022 and 2028. Similarly, rising demand for commercial aircraft safety and low operating costs, as well as the resulting increase in demand for aircraft switches, are expected to drive aircraft switches market share during the forecast period.
MARKET DYNAMICS
KEY DRIVERS
Unmanned Aerial Vehicle and Space Application Switches
Increased Interest in In-Flight Entertainment and Connectivity
RESTRAINTS
Manual switches are being replaced by touch screen technology.
Touch Screens are becoming more popular in aircraft.
OPPORTUNITIES
Unmanned Aerial Vehicle and Space Application Switches.
CHALLENGES
Procedures for Complex Maintenance
THE IMPACT OF COVID-19
Because of the COVID-19 situation, R&D in the aircraft switch industries around the world has been hampered due to declared lock downs and government restrictions on public gatherings.
The pandemic has slowed the production rate of components such as selector, rocker, several sensors, and other power electronics parts.
As the world returns to normalcy, there will be a significant increase in demand for global aircraft switches.
Companies' testing of manufactured switches has been halted due to current restrictions, but it may resume once the restrictions are lifted.
The rotary wing has seen rapid growth in recent years. This expansion can be attributed to factors such as increased air travel, rising middle-class disposable income, and increased international trade and tourism around the world. Strong growth in this sector has resulted in an increase in aircraft orders to meet rising air passenger traffic. Manufacturers are currently focusing on aircraft switch components to develop more reliable, accurate, and efficient products. Software advancements have altered the human-machine interface of aircraft switches.
The switches in an aircraft differ from one another depending on the type of aircraft. Important functions are carried out via a panel of switches on the cockpit dashboard. Pilots are in charge of components and systems such as fuel, engine, APU, lights, radio communication aids, and navigation aids. Pilots perform tasks such as starting engines, controlling electrical power supplies to various systems, lighting and switching radio frequencies, selecting airspeed, controlling navigation computers, and many other critical functions required during various flight phases such as take-off, landing, and taxi. For combat purposes, military aircraft have ammunition control switches. Over the next few years, the increasing number of aircraft is expected to drive demand for aircraft switches in cabins.
The demand for commercial air crafts is increasing as air passenger traffic increases. Because of the increased demand for aircraft, aircraft manufacturers have been able to expand their product line. Furthermore, the increased production of new aircraft has increased demand for aircraft switches.
By Platform
Fixed Wing
Rotary Wing
By End-User
OEM
Aftermarket
By Application
Cockpit
Cabin
Engine & APU
Aircraft Systems
By Type
Manual
Automatic
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REGIONAL ANALYSIS
The Asia Pacific region is expected to generate significant civil sector opportunities, while the United States and Europe are expected to gain traction in the aircraft switch market. The aerospace industry's primary market scope is civil and military sectors, owing to rising military budgets and disposable income in emerging economies. This factor is expected to generate a significant market share for aircraft switches in Asia Pacific, the Americas, and Europe. South East Asia's rapidly developing research and development expertise is expected to promise lucrative opportunities in the aircraft switches market by the end of the forecast period.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Barantec, Hydra-Electric Company, Safran, Meggitt PLC., Raytheon Technologies Corporation, Eaton., ITT INC., Honeywell International Inc, Curtiss-Wright Corporation, Transdigm Group Inc. and Other Players
Hydra-Electric Company-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 2.65 Billion |
| Market Size by 2030 | US$ 3.45 Billion |
| CAGR | CAGR of 3.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Fixed Wing and Rotary Wing) • By End-User (OEM, Aftermarket) • By Application (Cockpit, Cabin, Engine & APU, Aircraft Systems, Avionics) • By Type (Manual, Automatic) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Barantec, Hydra-Electric Company, Safran, Meggitt PLC., Raytheon Technologies Corporation, Eaton., ITT INC., Honeywell International Inc, Curtiss-Wright Corporation, Transdigm Group Inc. |
| DRIVERS | • Unmanned Aerial Vehicle and Space Application Switches • Increased Interest in In-Flight Entertainment and Connectivity |
| RESTRAINTS | • Manual switches are being replaced by touch screen technology. • Touch Screens are becoming more popular in aircraft.. |
According to SNS insiders, the Aircraft Switches Market size was USD 1.73 billion in 2021 and is expected to reach USD 2.87 billion by 2028 with a CAGR of 7.5% over the forecasted period.
Financial, Products/ Services Offered, SWOT Analysis, The SNS view
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Yes, the complete report mention market key player wise report.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America this are major Five Region covered in this report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Switches Market Segmentation, by Platform
8.1 Fixed Wing
8.2 Rotary Wing
9. Aircraft Switches Market Segmentation, by End-User
9.1 OEM
9.2 Aftermarket
10. Aircraft Switches Market Segmentation, by Application
10.1 Cockpit
10.2 Cabin
10.3 Engine & APU
10.4 Aircraft Systems
10.5 Avionics
11. Aircraft Switches Market Segmentation, by Type
11.1 Manual
11.2 Automatic
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Hydra-Electric Company
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Barantec
13.3 Safran
13.4 Meggitt PLC.
13.5 Raytheon Technologies Corporation
13.6 Eaton.
13.7 ITT INC.
13.8 Honeywell International Inc
13.9 Curtiss-Wright Corporation
13.10 Transdigm Group Inc.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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