Aircraft Switches Market

Honeywell (US) and Safran (France) are Major Players in Aircraft Switches Market

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 major factors driving the market include the growing influence of electronics in aircraft and increasing demand for In-flight entertainment & connectivity (IFEC).

Some major players in the aircraft switches market include Safran (France), UTC (Collins Aerospace) (US), Honeywell International (US), Curtiss-Wright (US), Esterline Technologies (US), Eaton Corporation (Ireland) and Meggitt (UK). These players have adopted growth strategies, such as acquisitions, new product launches, contracts & agreements, to further expand their presence in the global aircraft switches market. Of these, contracts were the leading strategies adopted by major players from 2014 to 2018.

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Honeywell (US) is one of the major players in the aircraft switches market. Honeywell's major strategies include improving the quality of services, increasing operational efficiency, and innovating products. The company focuses on penetrating high growth regions, such as Latin America and the Middle East. The company’s asset investment strategy focuses on maintaining a diversified portfolio using various asset classes to achieve long-term investment objectives. For instance, in July 2018, Honeywell received a contract from Allegiant Air to provide maintenance, repair and overhaul services for its auxiliary power units and select avionics components for Airbus A319 and A320 aircraft.

Another major player in the aircraft switches market is Safran (France). Safran focuses on securing contracts to improve its position in the aerospace switches market. It has been successful in building a leading world position for itself in civil aerospace switches, and military aerospace switches chiefly through a series of acquisitions. The company’s strategies include focusing on research & development and technological differentiation, as well as targeted investments, acquisitions, and alliances. For instance, in January 2017, Safran signed a contract with Kulite Semiconductor Products, Inc. for the development of a new solid state electronic pressure switch (FFCI) to be installed on CFM56-7B aircraft engines.

United Technologies Corporation (Collins Aerospace) (US) is among the world’s top three suppliers of aircraft switches. 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.

Related Reports:

Aircraft Switches Market by End-User (OEM, Aftermarket), Application (Cockpit, Cabin, Engine & APU, Aircraft Systems, Avionics), Type (Manual, Automatic), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2025

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Report Code
AS 7143
RI Published ON
6/4/2019
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