Aircraft Cockpit Display System Market Size, Share, Growth, Trends, Analysis, Re
Posted by Nita on April 1st, 2022
Competitive Analysis
The major players operating in the global aircraft cockpit display system market are Aspen Avionics Inc. (US), Avidyne Corporation (US), Honeywell International Inc. (US), L-3 Communication Holdings Inc. (US), Northrop Grumman Corporation (US), Dynon Avionics (US), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (US), Garmin Ltd (US), Collins Aerospace Inc. (US), Thales Group (France), and Universal Avionics Display Type Corporation (US). Mergers, acquisitions, and collaborations are some of the key growth strategies adopted by these companies to strengthen their market positions.
Military Aircraft Digital Glass Cockpit Systems Market Research Report: Information by System (Multi-Functional Display Systems, Primary Flight Display, Engine-Indicating and Crew-Alerting System (EICAS) Display and others), Aircraft Type (Fighter Jet, Transport Aircraft, Helicopter and Special Mission Aircraft) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027
Europe accounted for the third-largest market share in 2019. The regional Aircraft Cockpit Display System Market Size is anticipated to witness a growing demand for aircraft cockpit display systems during the review period. The European aircraft cockpit display system market includes the UK, Germany, France, Italy, and the rest of Europe. Stringent regulatory guidelines pertaining to safety are encouraging European countries to adopt multifunction display units. The regional aircraft cockpit display system market is expected to reach USD 384.24 million by 2027.
The market in the Middle East & Africa is expected to reach a valuation of USD 195.39 million by 2027. The region is projected to witness noticeable growth over the forecast duration, primarily because of increasing air traffic resulting in a rise in the number of aircraft deliveries and burgeoning military spending. According to Airbus, commercial air traffic in the Middle East is anticipated to grow by 6%, while in Africa, it is projected to increase by 5.6%. Rising air traffic is expected to bolster the demand for new aircraft, which, in turn, is likely to contribute to the growth of the regional market.
The Latin American market is expected to reach a valuation of USD 185.28 million by 2027. In Latin America, the aircraft cockpit display system market growth is primarily driven by the increased air travel in the region. Owing to the rapid increase in the number of aircraft in the region the demand for aircraft cockpit displays is expected to rise significantly during the study period.
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