Commercial Aviation companies are expected to have a bright future following decline in fuel prices and rise in per capita income of people in emerging economies. However, as fuel prices exhibit volatility, optimizing resources ....see more
The global aerospace DC-DC converter market size is projected to reach USD 1.7 billion by 2030, at a CAGR of 10.3% during the forecasting period. The aerospace DC-DC converter market is dominated by a few globally established players such as TDK Lambda Corporation (Japan), Texas Instruments Incorporated (US), Vicor Corp. (US), MURATA (Japan) and Infineon Tecnologies AG (Germany)
The electronic flight bag (EFB) market size is projected to reach USD 3.3 billion by 2026, at a CAGR of 6.2% during the forecasting period. The electronic flight bag market is dominated by a few globally established players such as Boeing (US), Honeywell (US), and Collins Aerospace (US).
The Aerospace Valves Market is expected to grow from USD 11.4 billion in 2021 to USD 14.0 billion by 2026, at a CAGR of 4.1% during the forecast period. The aerospace valves market includes major players like Eaton Corporation PLC (Ireland), Safran (France), Woodward, Inc. (US), Triumph Group (US), and Parker Hannifin Corporation (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected aerospace valves production and services by 7–10% globally in 2020.
The Aircraft Filters Market is expected to grow from USD 823 million in 2021 to USD 1,002 million by 2026, at a CAGR of 4.0% during the forecast period. The aircraft filters market includes major players Parker Hannifin Corporation (US), Donaldson Inc. (US), Safran (France), Porvair PLC (UK), and Freudenberg & Co.KG (Germany). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
The aircraft heat exchanger market is expected to reach USD 2.0 billion by 2026, at a CAGR of 9.2% during the forecast period. Major players operating in the aircraft heat exchanger market include Meggitt PLC (Britain), AMETEK(US), TAT Technologies (Israel), Triumph Group (US) and Honeywell (US). These key players offer aircraft heat exchangers applicable for commercial or defense aircrafts, spacecrafts, UAV, UCAVs and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, and the Rest of the World (the Middle East, Latin America, and Africa).
Air-to-Air Refueling Market is expected to grow from USD 619.26 Million in 2022 to USD 995.23 Million by 2027, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.The Major players operating in the air-to-air refueling market include Cobham Limited (UK), Eaton Corporation (US), Airbus SE (Netherlands), The Boeing Company (US), and GE Aviation (US)
The hydrogen aircraft market is projected to reach USD 7,427 million by 2030, at a CAGR of 28.9% during the forecasting period. Some of the players operating in the hydrogen aircraft market are Airbus SE (Netherlands), GKN Aerospace (UK), Urban Aeronautics Ltd (Israel), HES Energy Systems (Singapore), and ZeroAvia Inc (US) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the hydrogen aircraft market.
The Airborne Optronics Market is expected to grow from USD 1.4 Billion in 2020 to USD 2.5 Billion by 2025, at a CAGR of 12.7% during the forecast period. The airborne optronics market includes major players Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel). The market is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.
The Aircraft Seat Actuation System Market is expected to grow from USD 496 million in 2020 to USD 763 million by 2025, at a CAGR of 9.0% during the forecast period. The aircraft seat actuation system market includes major players Astronics Corporation (US), ITT Inc. (US), Crane Co. (US), Collins Aerospace (US), and Bühler Motor GmbH (Germany). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect aircraft seat actuation system production and services by 7–10% globally in 2020.
The Aircraft Interface Device Market is expected to grow from USD 167 Million in 2020 to USD 311 Million by 2025, at a CAGR of 13.2% during the forecast period. The aircraft interface device market includes significant players Collins Aerospace (US), Thales SA (France), The Boeing Company (US), Astronics Corporation (US), and Elbit Systems Ltd (Israel). The aircraft interface device market is growing in this region owing to the increased demand for fixed-wing and rotary-wing aircraft, which are being widely used in civil, military, and security applications.
The aircraft electrical systems market is expected to grow USD 37,265 Million by 2030, at a CAGR of 6.8% during the forecast period. Some of the major vendors in the aircraft electrical systems market include Amphenol Corporation (US), Esterline Technologies (US), AMETEK (US), Honeywell (US), and Astronics Corporation (US).
The Aircraft Lighting Market is expected to grow from USD 826 million in 2020 to USD 1,987 million by 2030, at a CAGR of 9.2% during the forecast period. The aircraft lighting market has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the aircraft lighting market Include Astronics (US), Cobham (US), Honeywell (US), Collins Aerospace (US), IFE Products (US), Diehl Stiftung (Germany), STG Aerospace (UK), and Oxley Group (UK), among others.
The MRO Software Market is expected to grow from USD 6.9 billion in 2020 to USD 8.0 billion by 2025, at a CAGR of 2.9% during the forecast period. Some of the major players in the MRO software market in aviation are HCL Technologies Limited (India), SAP SE (Germany), International Business Machines Corporation (IBM) (US), Ramco Systems Limited (India), IFS AB (Sweden), Oracle Corporation (US), Boeing (US), Infor (US), Trax (US), Swiss AviationSoftware (Switzerland), IBS Software (India), Rusada (Switzerland), Communications Software Limited (UK), Flatirons Solutions, Inc. (US), Aviation Intertec Services (Canada), BytzSoft Technologies Pvt. Ltd. (India), Tracware Limited (UK), FLY Online Tools (US), Aerosoft Systems Inc. (US), Lufthansa Technik AG (Germany), GE Aviation (US), and Sopra Steria (France).
The mechanical control cables market is expected to grow from USD 10.23 Billion in 2022 to USD 12.98 Billion by 2027, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The Major players Triumph Group, Inc. (US), Crane Aerospace & Electronics (US), Elliott Manufacturing (US), Loos & Co., Inc. (US), and Bergen Cable Technology (US).
The aviation blockchain market is expected to grow USD 1,394 million by 2025, at a CAGR of 22.1% during the forecast period. Some of the major players in the aviation blockchain market include Microsoft Corporation (US), IBM (US), Zamna Technologies (UK), Aeron Labs (Belize), Winding Tree (Switzerland), Volantio Inc (US), Filament (US), Infosys (India), Insolar Technologies (Switzerland), LeewayHertz Technologies (US), and Moog Inc. (US). These players provide blockchain platforms and solutions to various aviation companies.
The IoT in Aviation Market is expected to grow from USD 593 million in 2019 to USD 1,941 million by 2025, at a CAGR of 21.9% during the forecast period. Additionally, the presence of major airports and leading IoT in aviation companies in the US has resulted in high investments in the field of IoT in North America. Some of these leading companies include Microsoft Corporation (US), IBM Corporation (US), Cisco Systems, Inc. (US), and Honeywell Aerospace (US).
The Aircraft Mounts Market is expected to grow from USD 606 million in 2019 to USD 915 million by 2025, at a CAGR of 7.1% during the forecast period. Some of the major players in the aircraft mounts market in North America include The LORD Corporation (US), Cadence Aerospace (US), MAYDAY Manufacturing (US), Shock Tech (US), AirLoc Ltd. (US) among others. Similarly, Trelleborg AB (Sweden), Hutchinson Aerospace GmbH (France), and Butser Rubber (UK) are some of the leading companies operating in this market.
The Augmented and Virtual Reality (AR VR) Market in Aviation is expected to grow from USD 78 million in 2019 to USD 1,372 million by 2025, at a CAGR of 61.2% during the forecast period. The US also has a presence of major AR VR players - Microsoft Corporation (US), Google Inc. (US), Eon Reality (US), Aero Glass (US), Upskill (US), Oculus VR (US), Jasoren (US), IMB (US), among others.
The Aircraft Fuel Tanks Market is expected to grow from USD 869 million in 2019 to USD 954 million by 2025, at a CAGR of 1.6% during the forecast period. Some of the major vendors in the aircraft fuel tanks market include Meggit PLC (UK), Elbit Systems – Cyclone Ltd. (Israel), Cobham plc (UK), Safran S.A. (France), and Robertson Fuel Systems LLC (US).
The 5G Market in Aviation is expected to grow from USD 0.5 billion in 2021 to USD 3.9 billion by 2026, at a CAGR of 52.7% during the forecast period. The 5G market in aviation has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the 5G market in aviation in North America include Cisco Systems (US), Panasonic Avionics Corporation (US), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US). Whereas, Ericsson (Sweden), Nokia (Finland), Aeromobile Communications (UK) are some of the leading companies in Europe. Huawei Technologies Co. Ltd. (China), is the key market player in the Asia Pacific region, which has robust product offerings.
The passenger security market is estimated to be USD 4.8 billion in 2019 and is projected to reach USD 6.8 billion by 2024, at a CAGR of 7.2% from 2019 to 2024. Increasing demand for cybersecurity solutions, upgraded technology, and an increase in passenger traffic is expected to drive the market. Key players in the passenger security market include Smiths Detection Group Ltd. (UK), SITA (Belgium), Siemens (Germany), Honeywell International Inc. (US), Rapiscan Systems (US), Axis Communications AB (Sweden), Bosch Sicherheitssysteme GmbH (Germany), Autoclear, LLC. (US), L3 Security & Detection Systems (US), and FLIR Systems, Inc. (US), among others.
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. 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.
The autonomous aircraft market is projected to grow from an estimated USD 3.6 billion in 2018 to 23.7 billion by 2030, at a CAGR of 17.06% from 2018 to 2030. This growth can be attributed to the increased cost savings, reduction in human error due to increased autonomy, and advancements in artificial intelligence. Along with the key established players, various start-ups have entered the space of autonomous aircraft to develop their concepts of air taxi, personal air vehicles, and cargo drones. These concepts are being actively developed with the future technology of fully autonomous air travel. These start-ups are, Kitty Hawk, Volocopter GmbH, WING, LIFT, and Joby Aviation, among others.
The electrical wiring interconnection system (EWIS) market is projected to grow from USD 5.4 billion in 2018 to USD 6.8 billion by 2023, at a CAGR 4.66% from 2018 to 2023. Factors such as the increasing demand for more electric aircraft and aircraft deliveries are the factors expected to drive the market. Growth in passenger traffic and upgrade existing aircraft fleet technology are expected to drive the growth of the EWIS market across the globe. Key players in the EWIS market include Safran (France), GKN Aerospace (UK), and Latecoere (France), TE Connectivity (Switzerland), Ducommun (US), and Amphenol Corporation (US).
The aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023. The factor that is expected to act as a major driver is the growing use of low drag, lightweight sound suppressant exhaust components. Aircraft exhaust systems are one of the significant contributors to the total aircraft nacelle weight and drag. The new low drag, lightweight exhaust components contribute in increasing the fuel efficiency of aircraft, and thus the demand for such components is increasing. The major players profiled in this report on the aircraft exhaust system market are Magellan Aerospace (Canada), Triumph Group (US), Ducommun (US), Nexcelle (US), Esterline Technologies (US), Nordam (US), Franke Industries (US), Senior Aerospace (UK) and GKN (UK), among others.
The aircraft fairings market is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The factor that is expected to act as a major driver is the growing use of advanced composite materials in aircraft fairings. This, in turn, is expected to drive the growth of the aircraft fairings market during the forecast period from 2018 to 2023. The aircraft fairings market has been segmented based on application, material, platform, end user, and region. Major companies profiled in the aircraft fairings market report are Malibu Aerospace (US), Barnes Group (US), Boeing (US), and NORDAM (US), among others.
The aircraft line maintenance market is projected to grow from USD 19.23 Billion in 2018 to USD 23.50 Billion by 2023, at a CAGR of 4.10% from 2018 to 2023. The growth of the aircraft line maintenance market across the globe can be attributed to the increasing number of flights per aircraft, rising number of new aircraft deliveries from OEMs, and increasing requirement for carrying out repair and maintenance of the existing aircraft fleets of airlines. The key players operating in the aircraft line maintenance market include AMECO (China), ANA Line Maintenance Technics (Japan), Avia Solutions Group (Lithuania), BCT Aviation Maintenance (UK), British Airways (UK), Delta TechOps (US), HAECO (Hong Kong), Lufthansa Technik (Germany), Monarch Aircraft Engineering (UK), Nayak Group (Germany), SAMCO Aircraft Maintenance (Netherlands), SIA Engineering (Singapore), STS Aviation Group (US),Turkish Technic (Turkey), and United Technical Operations (US), among others. These companies are focused on the adoption of various growth strategies to enhance their presence in emerging economies across the globe.
The wind tunnel market is projected to grow from USD 2.61 Billion in 2018 to reach USD 2.88 Billion by 2023, at a CAGR of 2.01% from 2018 to 2023. The growth of this market can be attributed to the development of new generation of supersonic and hypersonic aircraft and missiles. Key companies profiled in the wind tunnel market include Boeing (US), Lockheed Martin (US), ETW (Europe), CSTB (France), FKFS (Germany), DNW (Netherlands), RTA (Austria), Mitsubishi Heavy Industries (Japan), Horiba (Japan), BMT (UK), FORCE Technology (Denmark), and Aerodyn Wind Tunnel (US) among others. Some major manufacturers include Aerolab (US), Aiolos (Canada), Foran (Brazil), Aerodium Technologies (Latvia), and Skyventure (Canada) among others.
The helideck monitoring system market is projected to grow from an estimated USD 192.8 Million in 2018 to USD 240.1 Million by 2023, at a CAGR of 4.49 % from 2018 to 2023. This growth can be attributed to the increasing number of commercial vessels and ships globally. The growth in global vessel traffic and short replacement cycles of hardware components are the key factor driving the demand for helideck monitoring systems. Major players in the helideck monitoring system market include ABB (Switzerland), Kongsberg Gruppen (Norway), Fugro (Netherlands), Vaisala (Finland), and Dynamax (US).
The aircraft doors market is projected to grow from USD 3.68 Billion in 2017 to USD 5.22 Billion by 2022, at a CAGR of 7.25% during the forecast period. This growth can be attributed to the increase in aircraft deliveries and replacement of existing aircraft doors. Key players operating in the aircraft doors market include Airbus Helicopters (France), Latecoere (France), Saab (Sweden), Elbit Systems (Israel), Triumph Group (US), and Mitsubishi Heavy Industries (Japan). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
The aircraft lightning protection market is projected to grow from USD 4.10 Billion in 2017 to USD 5.52 Billion by 2022, at a CAGR of 6.13% from 2017 to 2022. Increased number of orders for new aircraft across the globe and increase in demand for more electric aircraft and glass cockpit are expected to drive the aircraft lightning protection market during the forecast period. Major companies profiled in the aircraft lightning protection market report are Cobham (UK), Saab (Sweden), Honeywell (US), L3 Technologies (US), Microsemi Corporation (US), TE Connectivity (Switzerland), Dayton-Granger (US), Dexmet (US), Astroseal Products (US), Pinnacle lighting protection (US), Avidyne (US), and National Technical Systems (US).
The aircraft cabin lighting market is projected to grow from an estimated USD 1.46 Billion in 2017 to USD 2.00 Billion by 2022, at a CAGR of 6.48% during the forecast period. This growth can be attributed to increasing aircraft orders due to the rise in passenger traffic across the globe. Increasing focus on safety compliance and passenger experience is also among the factors influencing the growth of the aircraft cabin lighting market. Major players operating in the aircraft cabin lighting market include Zodiac Aerospace (France), United Technologies (US), Diehl Stiftung (Germany), Rockwell Collins (US), and Honeywell (US). These key players offer various aircraft cabin light types including reading lights, ceiling lights, lavatory lights, signage lights, and wall lights. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
The aircraft fire protection system market is projected to grow from an estimated USD 911.6 Million in 2017 to USD 1,157.7 Million by 2022, at a CAGR of 4.90% from 2017 to 2022. Increased number of orders for new aircraft across the globe and modernization of the existing aircraft are key factors expected to drive the aircraft fire protection systems market during the forecast period. The market has been segmented based on product, application, fit, aircraft type, and region. Major companies profiled in the aircraft fire protection systems market report are United Technologies (US), Meggitt (UK), Diehl Aerospace (Germany), Siemens (Germany), Halma (UK), Advanced Aircraft Extinguishers (US), Gielle Industries (Italy), H3R Aviation (US), Amerex Corporation (US), and Aerocon Engineering (US), among others.
The Inert Gas Generator Systems (IGGS) market is estimated to be USD 746.7 Million in 2017 and projected to reach USD 2,121.0 Million by 2022, at a CAGR of 23.22% during the forecast period. The growth of the IGGS market can be attributed to the increasing demand for new commercial aircraft & military cargo aircraft as well as retrofitting of IGGS on existing aircraft across the world. The growth of the market is also attributed to the increasing fleet size of marine cargo ships. The major players in the IGGS market include Parker Hannifin (US), Honeywell (US), and Air Liquide (France). These manufacturers are mostly focused on providing easy installable IGGS systems with high purity N2 generation to grow in the market.
The aerospace antimicrobial coating market is projected to grow from an estimated USD 22.4 Million in 2017 to USD 31.2 Million by 2022, at a CAGR of 6.90% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rise in passenger traffic across the globe. In addition, airlines are more concerned about passenger safety and are investing in recoating of existing fleets of aircraft. The major players in this market are PPG (US), BASF (Germany), Sherwin Williams (US), Mankiewicz (Germany), AkzoNobel (Netherlands), Henkel (Germany), Hentzen (US), MAPAERO (France), Permagard (France), Dunmore (US), Hexion (US), and Polymer Technologies (US), among others.
The aircraft ignition system market is projected to grow from USD 338.5 Million in 2017 to USD 437.6 Million by 2022, at a CAGR of 5.27% from 2017 to 2022. Factors such as increasing adoption of electronic ignition systems and technological advancements in aircraft ignition systems are driving the growth of the market. The aircraft ignition system market has been segmented based on end user, system type, component, engine type, platform, and region. Major companies profiled in the aircraft ignition system market report are Woodward (US), TransDigm (US), Unison (US), and Electroair (US).
The Flight Inspection (FI) market is projected to grow from an estimated USD 4.51 Billion in 2017 to USD 5.57 Billion by 2022, at a CAGR of 4.31% during the forecast period. Increasing spending on existing airport infrastructure improvement, new airport developments, and rise in flight inspection and calibration operations are expected to drive the flight inspection market during the forecast period. Some of the major players in the FI market are Textron (US), Bombardier (Canada), and Norwegian Special Mission (Norway).
The aircraft computers market was valued at USD 5.57 Billion in 2016 and is projected to reach USD 7.87 Billion by 2022, at a CAGR of 5.91% during the forecast period. The objective of this study is to analyze, define, describe, and forecast the aircraft computers market based on platform, type, end user, component, and region. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. Major players operating in the aircraft computers market include BAE Systems (UK), Honeywell (US), Rockwell Collins (US), Saab (Sweden), Thales (France), Curtiss-Wright (US), Esterline Technologies (US), United Technologies (US), and Cobham (UK)
The multi-mode receiver market is projected to grow from an estimated USD 961.5 Million in 2017 to USD 1,213.1 Million by 2022, at a CAGR of 4.76% from 2017 to 2022. Major players operating in the multi-mode receiver market include Honeywell International Inc. (US), BAE Systems plc (UK), Rockwell Collins, Inc. (US), Leonardo SpA (Italy), Thales Group (France), Saab AB (Sweden), Intelcan Technosystems Inc. (Canada), Indra Sistemas SA (Spain), VAL Avionics Ltd. (US), and Systems Interface Ltd. (UK).
The aircraft evacuation market is projected to grow from USD 1.30 Billion in 2017 to USD 1.73 Billion by 2022, at a CAGR of 5.96% during the forecast period. Key players in the aircraft evacuation market are UTC Aerospace Systems (U.S.), Zodiac Aerospace (France), EAM Worldwide (U.S.), Martin-Baker (U.K.), Npp Zvezda Pao (Russia), Trelleborg AG (Sweden), GKN Aerospace Services Limited (U.K.), Cobham Plc (U.K.), and DART Aerospace (Canada), among others. These companies have well-equipped manufacturing facilities and strong distribution network across North America, Europe, and Asia-Pacific.
The air management system market is projected to grow from an estimated USD 4.68 Billion in 2017 to USD 6.26 Billion by 2022, at a CAGR of 5.97% from 2017 to 2022. Major companies profiled in the air management system market report are Liebherr Group (Switzerland), United Technologies Corporation (U.S.), Honeywell International Inc (U.S.), Meggitt Plc (U.K.), and Zodiac Aerospace (France), among others.
The airborne collision avoidance system market is projected to grow from an estimated USD 6.04 Billion in 2017 to USD 7.97 Billion by 2022, at a CAGR of 5.68% from 2017 to 2022. The objectives of this study are to analyze the airborne collision avoidance system market, along with the provision of statistics from 2017 to 2022, as well as to define, describe, and forecast the airborne collision avoidance system market on the basis of platform, component, type, end-use and region. The year 2016 has been considered the base year, whereas, 2017 to 2022 is the forecast period for the market study.
The aviation asset management market is projected to grow from USD 171.72 Billion in 2016 to USD 229.04 Billion by 2022, at a CAGR of 4.92% from 2017 to 2022. Increase in air passenger traffic, growth of retrofit & after markets, and development of new aircraft models are the major factors driving the aviation asset management market.
The crew management system market is projected to grow from an estimated USD 1.31 Billion in 2016 to USD 2.35 Billion by 2022, at a CAGR of 10.19% from 2016 to 2022. Stringent regulations pertaining to working hours for crew members on board, safety of crew members and passengers are the major factors driving the crew management system market.
The attitude and heading reference systems (AHRS) market is projected to grow from USD 537.5 Million in 2016 to USD 723.8 Million by 2022, at a CAGR of 5.08% during the forecast period. Increased growth in aircraft deliveries and increasing demand for AHRS used in Unmanned Aerial Vehicle (UAV) are the key factors expected to drive the growth of the attitude and heading reference systems (AHRS) market. The market has been segmented based on type, component, end-use, and region.
The Automatic Dependent Surveillance-Broadcast (ADS-B) market is projected to grow from USD 427.8 Million in 2016 to USD 1,316.9 Million by 2022, at a CAGR of 20.61% during the forecast period. Implementation of ADS-B in aircraft serves to be one of the most significant factors driving the growth of the ADS-B market. Modernization of air traffic management infrastructure and development of new airports globally are additional factors propelling the demand for ADS-B. Increasing volume of UAVs in airspace has further led to the need for integrating unmanned aerial vehicles with air traffic control systems, which, in turn, is anticipated to drive the growth of the ADS-B market.
The aviation connectors market is projected to grow from USD 4.13 Billion in 2016 to USD 5.52 Billion by 2022, at a CAGR of 4.97% during the forecast period. Factors such as increase in aircraft orders and deliveries across the globe, need for modern avionic systems, increasing flight safety, and decreasing operational & maintenance cost are the major growth factors for the aviation connectors market.
The active noise and vibration control system market is projected to grow from USD 2.16 Billion in 2016 to USD 2.93 Billion by 2022, at a CAGR of 5.15% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022. Major companies profiled in the report include LORD Corporation (U.S.), Ultra Electronics Holdings plc. (U.K.), and Moog Inc. (U.S.). Contracts accounted for a major share of all growth strategies adopted by leading players in the active noise and vibration control system market. This strategy has enabled companies to strengthen their market share in the active noise and vibration control system market.
The environmental control systems market is estimated to grow from USD 3.27 Billion in 2016 to USD 4.22 Billion by 2022, at a CAGR of 4.34% from 2016 to 2022. Technological advancements in environmental control systems and growth in air traffic are the major factors driving the environmental control systems market and technological advancements.
The ice protection systems market is estimated to be USD 7.91 Billion in 2016, and is projected to reach USD 10.17 Billion by 2021, at a CAGR of 5.14% from 2016 to 2021. The study on ice protection systems market aims to analyze the ice protection systems market as well as define, describe, and forecast the market on the basis of application, technology, platform, type, and region. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.