New York, July 5 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Aircraft Interface Device Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Platform, Connectivity, Fit Type, and Aircraft Type” – https://www. reportlinker.com/p06289879/?utm_source=GNW
Airlines in both developed and developing countries are ordering a large number of aircraft to meet the ever-increasing demand for air travel.
Due to the continuous growth in the disposable income of the world’s population, the need for air transport is also increasing rapidly. Commercial air traffic is expected to maintain a steady growth rate, despite various challenges, such as rising aviation fuel costs and technical failures causing accidents.
These factors are propelling the growth of the aircraft interface devices market.
According to the International Air Transport Association (IATA), the global number of commercial aviation passengers in 2020 was 1.8 billion, which is expected to reach 7.8 billion by 2036. According to the market production report Boeing’s commercial hub, Asia-Pacific is expected to be the most revenue-generating region, contributing 33% to global passenger numbers in 2019, and it is expected to contribute up to 41% by 2040. , the aviation industry is adopting advanced information technologies, which are expected to transform the industry’s decision-making capability and make new implementations faster than ever before. Analysis of Aircraft Interface Devices through the European Federation of Biotechnology (EFB) uses thousands of distinct software algorithms to process radar data and raw flight plans from the air traffic control system (ATC) ATC. With regard to these benefits, the market for aircraft interface devices is growing due to increased awareness of them.
The shift to machine learning and the increasing use of artificial intelligence to leverage big data should provide aircraft interface devices with technology to improve their predictive analytics capabilities. With these capabilities, manufacturers are improving the usability of the cockpit EFB and replacing paper charts. with computer screens and tablets in the cockpits.
The demand for advanced technologies is driving the airline industry and demands greater integration of these techniques to achieve a smarter cockpit. The smarter cockpit helps provide better communication with ground support personnel, including maintenance and dispatch personnel, to make better decisions associated with flight performance and weather. avoidance for efficient operations and improved energy efficiency.
These factors are further contributing to the growth of the aircraft interface devices market.
Impact of COVID-19 on the Aircraft Interface Devices Market
North America is one of the regions hardest hit by the COVID-19 pandemic. There has been a disruption in the supply chains of many industries due to restrictions on logistics operations and the closure of manufacturing facilities.
The outbreak in the region has hampered the performance of the aircraft interface devices market. North America outperformed the rest of the world from 2012 to 2019, with its airlines making a total profit of US$44 billion.
However, the pandemic has not spared the aviation sector in the country as it suffered a financial loss of US$63 billion in 2020. The North American aviation industry, especially the United States, was already experiencing severe challenges caused by the B737 Max issue, which was exacerbated by the massive emergence of COVID-19.
The coupled result of the two problems is a drop in demand, supply disruptions, financial strains and labor difficulties. This, in turn, has negatively impacted the aircraft interface device market in North America.
With over ~20,000 flights per day and ~600 million passengers traveling each year, Europe is recognized as having the busiest airspace in the world. devices.
The demand for new modern aircraft in commercial and military aircraft module is driving the aircraft interface devices market in the region. Economic stability in the region is helping airliners and defense forces procure more aircraft to meet airlift demand and bolster armed forces.
Similarly, the military sector has also increased its purchases of military aircraft over the years. The trend is expected to continue over the years, which will strengthen the market for aeronautical interface devices.
According to data published by IATA, European airlines carried around 389.9 million passengers in 2020. These factors influence the increase in manufacturing of aircraft and aircraft components. For example, Germany has announced plans to purchase six Lockheed Martin C-130J Hercules aircraft in 2018. Germany and France are also looking to build a joint manufacturing plant for C-130J Hercules aircraft to provide power additional to their air forces, keeping costs within limits. . These investments contribute to the growth of the aircraft interface devices market. Similarly, new facilities for aircraft development are being built by manufacturers across the region. For example, in May 2020, Boeing opened its first European manufacturing site in the UK. All these factors are contributing to the growth of the aircraft interface devices market in Europe.
Key players operating in the global aircraft interface devices market profiled in this market study include Thales Group; Honeywell International, Inc.; AMETEK; Boeing; and Collins Aerospace.
The overall Aircraft Interface Devices market size has been derived using primary and secondary sources.
The process also serves to obtain an overview and forecast of the Aircraft Interface Devices market size with respect to all market segments. Additionally, several primary interviews were conducted with participants and industry commentators to validate the data and obtain more analytical information on the subject.
Participants typically involved in this process include industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers, and outside consultants, such as experts in valuation, research analysts and key opinion leaders, specializing in the Aircraft Interface Devices market. .
Read the full report: https://www.reportlinker.com/p06289879/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.