Aircraft Computers Market is likely to witness an impressive CAGR of 7.2% during the forecast period. The retrofit activities in the general aviation market and the increasing aircraft deliveries across the globe are the major factors expected to drive the growth of the aircraft computers market during the forecast period.
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Aircraft Computers Market Segment Insights:
By Type:
The flight controls segment is estimated to register substantial growth during the forecast period. The growth is owing to the fact that flight control computers aid the pilot in managing the speed, altitude, and direction of the aircraft.
By Platform Type:
The fixed-wing aircraft segment is estimated to lead the market during the forecast period, driven by the rising demand for commercial and military fixed-wing aircraft. The commercial fixed-wing aircraft market is anticipated to increase owing to the rising air passenger traffic. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will majorly drive the demand for commercial aircraft.
By End-User Type:
The OEM market segment is estimated to grow at a higher CAGR during the forecast period. The high growth is owing to aircraft upgrade programs and the adoption of aircraft computers to be installed on advanced aircraft coming out of the production bay.
By Region:
North American region was the largest market for aircraft computers in 2018, and is expected to maintain its leadership during the forecast period. Presence of giant aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada) is boosting the aircraft computers market in this region. The aircraft computers market in the European and Asia-Pacific regions is also likely to depict a sizeable growth driven by the increasing demand for wide-body and large aircraft.
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