Aircraft Cockpit Display System Market
Aircraft Cockpit Display Market is expected to register a 3.30% CAGR during the forecast period. It is a display system that consists of an advanced graphical interface.
It also has human gestures to improve the human-machine interface. The recent advancement in technologies has raised the demand for the system. It offers enhanced human interference, improving the market in the forecast period. It is helpful for the pilot as they can get necessary data, including aircraft altitude, aircraft weight, airspeed, etc. It also allows the pilot to manage the aircraft with necessary data easily. The pilot use this as this also enhances flight safety and efficiency. This system decreases the aircraft weight and allows easy interaction with traffic management. It also enables power-saving and ensures that accident does not occur more often. All these factors will increase the demand for the Aircraft Cockpit Display System Market. as there will be advanced technology and cockpit with the advanced display system, the pilot will experience less work pressure, increasing the market situation further. Several drivers drive the Aircraft Cockpit Display System Market. The drivers include the increased need for better safety with situational awareness, which will propel the market. Efficiency is also another factor for the market demand. The rising demand for lightweight components with advanced functions with accuracy also increases market growth. There could be a display blackout due to the system failure in the aircraft, and the rise in complexity is expected to hinder the market in the forecast period.
Market Segmentation
The Aircraft Cockpit Display Market will increase the market growth in the forecast period. The market is categorized into the platform, display type, and display size. Based on the platform, the market is segregated into commercial and military. Commercial aircraft are more used than the military because the commercial segment will hold the largest market share. By the segment display type, the market is fragmented into the primary flight, multifunctional, and Engine-Indicating & Crew-Alerting System (EICAS). Each part of this segment will push the market by registering growth in the coming years. The sub-segments of the display size market are less than 5 inches, 5 inches to 10 inches, and greater than 10 inches. The remaining segments of the Aircraft Cockpit Display System Market will enhance the market value.
Companies Covered
The Global Aircraft Cockpit Display Market Players 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).
Regional Analysis
The market is studied in several regions of the world. Some of the key regions where the market is analyzed are Asia Pacific, Europe, the middle east and Africa, Latin America, and North America. Among them, North America is expected to register the highest market value in 2019. The Asia Pacific showcases a good growth rate and is expected to be the fastest-growing due to the aviation industry's enhancement in India, Japan, and China. In the future, China is expected to surpass the US and become the leading air passenger traffic market. Asia Pacific is anticipated to hold a CAGR of 5.21% during the forecast period.
Industry News
BAE Systems has launched LiteWave, light and compact Head-Up Display (HUD) for military and commercial aircraft use.
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