Aircraft Switches Market - Analysis, Segments, Growth

(IT-NEWSWIRE.COM, November 18, 2019 ) The aircraft switches market is projected to grow from USD 2.2 billion in 2019 to USD 2.6 billion by 2025, at a CAGR of 3.2% during the forecast period. The growing demand for in-flight entertainment & connectivity (IFEC) is a major factor driving the growth of the aircraft switches market. This demand has led to new and improved IFEC upgrades across many airline fleets. These upgrades involve new systems that are more interactive and contain manual electromechanical switches, as well as touchscreen interfaces. These factors are expected to drive the growth of the aircraft switches market.

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The rotary wing witnessed strong growth over the past few years. This growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and growing international trade & tourism across the globe. Strong growth in this sector has resulted in increasing the number of aircraft orders to address the increasing air passenger traffic. Manufacturers are currently focusing on aircraft switches components to develop products that are more reliable, accurate, and efficient. Continuous improvements in software have modified the human-machine interface of aircraft switches.

Switches in an aircraft differ from aircraft to aircraft based on the type of aircraft. Important functions are performed through a panel of switches present in the cockpit dashboard. Pilots control components and systems such as fuel, engine, APU, lights, radio communication aids, and navigation aids, among others. Pilots perform functions such as starting the engines, controlling the electrical power supply to various systems, lights and switch between radio frequencies, selecting airspeed, control navigation computers, and many more critical functions needed during different flight phases such as take-off, landing, and taxi. Military aircraft contain ammunition control switches for combat purposes. The rising number of aircraft is expected to drive the demand for aircraft switches in cabins over the next few years.

North America is expected to be the largest market for aircraft switches during the forecast period. The demand for commercial aircraft is continuously increasing, due to which aircraft manufacturers are expanding their product line, thereby creating a significant requirement for aircraft switches. Thus, increasing aircraft orders and supplies is a significant advantage for commercial aircraft switches market in the current scenario. Moreover, the trend of up gradation of existing/older aircraft is rapidly flourishing in the current commercial aircraft industry.

Major vendors in the aircraft switches market include Safran (France), Curtiss-Wright (US), Esterline Technologies (US), Honeywell (US), Meggitt (UK), and United Technologies Corporation (Collins Aerospace) (US). Honeywell, which specializes in aircraft switches, has developed a limit, toggle, push-button switches for commercial and military aircraft.

United Technologies Corporation (Collins Aerospace) is among the world’s top three suppliers and manufacturers of aerospace switches systems. The company has been working intensively in this field for more than 60 years. Thales provides major innovative aerospace switches solutions to commercial and military aircraft, including the Boeing 787 Dreamliner, Airbus A380, Airbus A350 XWB, and Airbus Military’s A400M military transport.

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Aircraft Switches Market - Analysis, Segments, Growth