Market forecast for aircraft computers to 2028

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The market size of Aircraft Computers is expected to reach US$7,140. 12 million by 2028; it is estimated at a CAGR of 5.8% from 2022 to 2028. The aircraft computer market ecosystem is evolving.

New York, July 5, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Aircraft Computers Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component, Type, Platform [Fixed Wing Aircraft, Rotary Wing Aircraft, and Unmanned Aerial Vehicles ]and Fit type” – https://www.reportlinker.com/p06289877/?utm_source=GNW
Stakeholders are parts suppliers, aircraft computer manufacturers and end users.

Major players occupy places in the second node of the market ecosystem. Component manufacturers supply actuators, sensors, control systems and much more to various product manufacturers, who use it to produce the final product, which is then supplied to aircraft manufacturers, MRO suppliers, commercial airlines, armed forces, and corporate jet or helicopter owners.
The pipeline of delinquent aircraft, along with the presence of a large number of aircraft OEMs, is likely to fuel the growth of the aircraft computer market in North America in the coming years. The increasing demand for aircraft computers in unmanned aerial vehicles (UAVs) is another factor supporting the growth of the aircraft computers market in this region.
According to data published in the Boeing Commercial Market Outlook report in 2019, APAC would account for approximately 40% of all new commercial aircraft deliveries over the next 20 years. An increase in air freight demand in the region is likely to require more than 1,000 dedicated freighters in the coming years.

Two-thirds of these cargo aircraft will account for the conversion from passenger aircraft to cargo aircraft. Further, according to Boeing’s forecast, the demand for aviation services in APAC will increase by 5.1%, which will cost a total of US$3,480 billion. Thus, the booming aviation industry in APAC has significant growth potential for the aircraft computer market.

The major aircraft computer market players profiled in the market research are BAE Systems; Garmin Ltd.; General Electric; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon technologies; SAAB AB; Safran group; and Thales group.

According to the major charter service providers in Europe, air traffic has increased by ~20-30% in 2020 compared to 2019. In response to this strong demand, airlines in the region are focusing on expanding their fleets to meet the growing demand.

In July 2021, Flexjet, part of the Directional Aviation family, received an Air Operator Certificate (AOC) for Malta as part of its expansion into Europe. The aircraft operator has expanded its fleet in Europe by 40% in the first half of 2021.

Thus, such expansion strategies have been accompanied by new advancements in computer technology by integrating virtual reality and artificial intelligence, accelerating the demand for new aircraft and boosting the market size of aircraft computers.

Boeing has received about 300 orders for the new generation of the 777 family and in April 2022 it has pushed the delivery of its first 777X aircraft to 2025. By May 2021, Airbus had planned an average A320 production rate of 45 aircraft per month to achieve this production rate by the fourth quarter of 2021.

This will further enhance the growth of the aircraft computer market.

In addition, Airbus is likely to increase production to 64 aircraft per month in the second quarter of 2023, 70 aircraft per month in the first quarter of 2024 and 75 aircraft per month in 2024. In addition, Qantas confirmed its order for 12 units of Airbus A350 in May 2022. -1000 for its ultra-long-haul project Project Sunrise, which is expected to once again bolster the growth of the aircraft computer market.

According to Boeing’s 2021-2040 Commercial Market Outlook, the company expects to ship a total of 43,610 aircraft over the next 20 years, including 2,390 regional jets, 32,660 single-aisle aircraft, 7,670 wide-body aircraft and 890 freighters. Thus, the pipeline of aircraft deliveries is expected to provide potential growth opportunities for the aircraft computer market players during the forecast period.

Furthermore, connected electronic modules help aircraft operators with new methods for collecting, transmitting and analyzing critical data from flight operations and maintenance of aircraft systems. In February 2022, Collins Aerospace developed a new power supply module to support open architecture applications such as mission computers, processors, aircraft communications and radar systems.

In February 2022, Mercury Systems, Inc. FIOVU-2180 and CIO10-2080 6U OpenVPX avionics modules. It is ideally suited for mission-critical applications, such as platform management, flight computing and artificial intelligence (AI). Thus, the growing penetration of electronic modules in the aircraft industry offers further promising growth opportunities for the aircraft computer market.

The increasing demand for an in-flight entertainment experience, the proliferation of aircraft renewals and aircraft deliveries are the main factors driving the aircraft computer market. the demand for in-flight entertainment.

The acceleration of Wi-Fi installations on aircraft, combined with many passengers carrying one or more digital devices, is driving innovations on board. In March 2022, Safran Passenger Innovations announced its latest software platform, RAVE OS, which offers a modern user interface.

Thus, the increase in the use of in-flight entertainment systems brings new trends in the aircraft computer market.

The aircraft computer market is analyzed based on component, type, platform and type of fit. Based on component, the market is segmented into hardware and software.

Based on type, the market is segmented into flight controllers, utilities, engine controllers, mission computers, and flight management computers. Based on platform, the market has been segmented into fixed-wing aircraft, rotary-wing aircraft and unmanned aerial vehicles (UAVs).

Based on the type of fit, the market has been segmented into line fitting and retrofit.

The aircraft computer market is segmented into five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, North America led the market with the largest market share, followed by APAC.

Furthermore, APAC is expected to register the highest CAGR in the aircraft computer market in the period 2022-2028.
Read the full report: https://www.reportlinker.com/p06289877/?utm_source=GNW

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