MRC Stratistics Report, Aircraft Computer Market Forecast to 2028 – Global Analysis Application, Size, Share, Key Players, Types, End User and by Geography
GAITHERSBURG, MARYLAND, UNITED STATES, December 8, 2021 /EINPresswire.com/ – On-Board Computer Market Forecast to 2028 – Global Analysis by Component (Software, Hardware), Application (Military, Commercial, Para-military, civil), end user (Installed base, new construction, upgrades) and by geography
The global on-board computer market is worth $ 7.61 billion in 2020 and is expected to reach $ 14.18 billion by 2028, with a CAGR of 8.1% during the forecast period. Some of the key factors propelling the market growth include increasing aircraft deliveries across the globe, increasing demand for aircraft computers among end users including OEMs, increasing use of electronic systems and computers in airplanes, the focus on modernizing the existing aircraft fleet, increasing modernization activities in the general aviation industry and the increasing focus on reducing the load of work of airplane pilots. However, existing backlogs in aircraft deliveries are limiting market growth. Major players in the on-board computer market include Rockwell Collins, Honeywell International Inc., Safran SA, The Curtiss-Wright Corporation, Cobham plc, Saab AB, United Technologies Corporation, Esterline Technologies Corporation, BAE Systems PLC, Thales Group, Boeing , Bombardier Inc., Kontron S&T AG, GE Aviation, Garmin Ltd., General Dynamics Mission Systems, Inc. and Raytheon Technologies Corporation.
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The global aircraft computer market is primarily driven by the growing demand for aircraft computers among end users including OEMs, the focus on modernizing the existing aircraft fleet, and the growing emphasis. focused on reducing the workload of airplane pilots. The Original Equipment Manufacturers (OEM) segment is growing at the highest CAGR due to aircraft modernization programs, increased aircraft deliveries to the commercial and military sectors and the adoption of ‘aircraft computers to be installed on advanced aircraft coming off the production line. North America has dominated with a significant market share due to the presence of large aircraft component manufacturers in the United States and the emphasis placed by government and defense organizations on modifying and upgrading level their existing military aircraft and integrate them with the latest technologies. The Asia-Pacific market is growing at the highest CAGR due to the high passenger air traffic leading to an increase in the number of aircraft deliveries to this region, the increase of the aviation industry in countries like the China, Japan and India, and the increasing acquisition of defense aircraft by various countries due to ongoing geopolitical conflicts.
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