Aircraft Switches - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Aircraft Switches Market is accounted for $2.13 billion in 2018 and is expected to reach $3.20 billion by 2027 growing at a CAGR of 4.6% during the forecast period. High utilization of electronics in aviation systems and rising demand of in-flight entertainment & connectivity are some of the factors fuelling the market growth. Moreover, the high use of switches in unmanned aerial vehicles (UAV) and space applications is providing opportunities for market growth. However, increasing touch screen technology replacing manual switches is one of the restraining factors for the market.
Aircraft switches are the triggers that transmit and receive directions; hence, they should be and are reliable, easy to use, and simple to reach. Aircraft switches are a mean for pilot or the group to screen and control operations of an aircraft. They could be either manually or automatically operated. These automated aircraft switches are the type of sensors that estimates temperature, pressure, frequency, and other similar electrical parameters to perform their individual operations. Aircraft switches are employed in an aircraft cabin, cockpit, avionics, and engine and auxiliary power unit (APU).
Based on Platform, Rotary Wing segment is likely to have a huge demand due to increasing air travel, the rise in disposable income of the middle-class people, and developing international trade & the travel industry across the globe. Solid development in this sector has resulted in increasing the number of aircraft orders to address the increasing air passenger traffic.
By Geography, North America is going to have a lucrative growth during the forecast period due to the demand for commercial aircraft is continuously increasing, because of which aircraft manufacturers are expanding their product offering, thereby creating a significant necessity for aircraft switches.
Some of the key players profiled in the Aircraft Switches market include United Technologies Corporation (Collins Aerospace), Unison Industries, TE Connectivity, Safran, Raytheon, Meggitt, ITT Aerospace, Hydra-Electric Company, Honeywell, Esterline Technologies, Eaton Corporation, Curtiss-Wright, C&K, Baran Advanced Technologies (Barantec) and Ametek.
• Other Types
• Rotary Wing
• Fixed Wing
• Hydraulic Systems
• Fuel Systems
• Flight Controls
• Engine & Auxiliary Power Unit (APU)
• Aircraft Systems
• Aircraft Cockpit Control
• Other Applications
End Users Covered:
• Original Equipment Manufacturer (OEM)
• Military & Defense
• Homeland Security
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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