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 aircraft health monitoring Systems market is expected to grow from USD 6.3 billion in 2023 to USD 8.6 billion by 2028, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The Major aircraft health monitoring industry players Safran (France), Airbus S.E (Netherlands), Raytheon Technologies Corporation (US), Honeywell International Inc (US), Teledyne Technologies Inc (US).
The Electric Aircraft market is expected to grow from USD 8.8 billion in 2022 to USD 37.2 billion in 2030, at a compound annual growth rate (CAGR) of 19.8% during the forecast period.The Key Players Airbus SE (France), Eve Air Mobility (Brazil), Joby Aviation (US), Vertical Aerospace (UK), and Lilium N.V. (Germany).
The aircraft electric motors market is expected to grow from USD 8.2 Billion in 2022 to USD 12.9 Billion by 2027, at a compound annual growth rate (CAGR) of 9.4% during the forecast period. The Major players Moog Inc. (US), Meggitt PLC (UK), Altra Industrial Motion Corporation (US), Woodward, Inc. (US), Allied Motion Inc.(US), Arkwin Industries Inc. (US) and Rolls-Royce PLC (UK) are some of the market players.
The Aircraft Braking System Market is expected to grow from USD 6.4 Billion in 2022 to USD 7.6 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period. The Key players are Safran (France), Collins Aerospace (US), Parker-Hannifin Corporation (US), Crane Co. (US), and Honeywell International Inc. (US).
The aircraft seat upholstery market is expected to grow from USD 1.9 billion in 2022 to USD 2.3 billion by 2027, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.The Major players Franklin Products (US), J&C Aero (Lithuania), Perrone Performance Textiles & Leathers (US), InTech Aerospace (US), and Botany Weaving (Ireland).
The Aircraft Hydraulic Systems Market size is expected to grow from USD 9.8 Billion in 2022 to USD 16.6 Billion by 2027, at a compound annual growth rate (CAGR) of 11.3% during the forecast period. The Major players Raytheon Technologies Corporation (U.S.), Parker-Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Woodward, Inc. (U.S.), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), Arkwin Industries Inc. (U.S.), and Beaver Aerospace & Defense, Inc. (U.S.).
The aircraft flight control systems market is expected to grow from USD 14.5 Billion in 2022 to USD 21.5 Billion by 2027, at a compound annual growth rate (CAGR) of 1.9% during the forecast period.The Major Players Honeywell International Inc. (US), Moog Inc. (US), Raytheon Technologies Corporation (US), Safran SA (France), Thales (France), Parker Hannifin Corporation (US), Curtiss-Wright Corporation (US), and BAE Systems PLC (UK).
The Aircraft Actuators Market is expected to grow from USD 8.1 Billion in 2022 to USD 11.4 Billion by 2027, at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The Major players Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell International Inc. (US), Safran SA (France), Liebherr Group (Germany), Moog Inc. (US), and Eaton Corporation plc (Ireland).
The DC-DC Converter Market size is expected to grow from USD 4.9 Billion in 2022 to USD 6.4 Billion by 2027, at a compound annual growth rate (CAGR) of 5.1% during the forecast period. The Key Players are TDK Lambda Corporation (Japan), Texas Instruments Incorporated (US), Delta Electronics (Taipei), Flex Ltd. (Singapore), and Infineon Technologies AG (Germany).
The Aircraft Tires Market is expected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a compound annual growth rate (CAGR) of 2.9% during the forecast period.The Major Players Michelin (France), Goodyear Tire and Rubber Co. (US), Bridgestone Corporation (Japan), Dunlop Aircraft Tyres Ltd. (UK), Qingdao Sentury Tires Co. Ltd. (China), Specialty Tires of America (US ), Aviation Tires and Treads, LLC (US), Desser Aerospace (US), and Watts Aviation Aircraft Tires (UK).
The Aviation Analytics market is expected to grow from USD 2.5 billion in 2022 to USD 4.7 billion by 2027, at a compound annual growth rate (CAGR) of 13.0% during the forecast period.The Key players Oracle Corporation (US), General Electric (US), Lufthansa Technik (Germany), SAP (Germany), and IBM (US).
The global Helicopters Market is projected to grow at a CAGR of 6.1% from 2023 to 2027. The market is driven by the increasing demand for helicopters in Emergency Medical Services (EMS), Law Enforcement, and Oil and Gas industries, along with the growing demand for military helicopters.
The aircraft communication system market size is expected to grow from USD 8.2 billion in 2022 to USD 12.8 billion by 2027, at a compound annual growth rate (CAGR) of 9.2% during the forecast period. The Leading Players L3Harris Technologies (US), Thales Group (France), Collins Aerospace (US), Elbit Systems (Israel), and Honeywell International Inc. (US).
The electronic flight instrument (EFIS) market is expected to grow from USD 618 Million in 2022 to USD 720 Million by 2027, at a compound annual growth rate (CAGR) of 3.1% during the forecast period.The Major players Honeywell International Inc. (US), Raytheon Technologies Corporation (US), General Electric Company (US), Thales SA (France), BAE Systems PLC (UK), Astronautics Corporation of America (US), Garmin Limited (US), and L3Harris Technologies Inc. (US).
The Flight Simulator market is expected to grow from USD 7.4 billion in 2022 to USD 10.3 billion by 2027, at a compound annual growth rate (CAGR) of 6.9% during the forecast period.The key market players CAE Inc. (Canada), L3Harris Technologies, Inc. (US), Thales SA (France), Saab AB (Sweden), Indra (Spain), Flight Safety International (US), The Boeing Company (US), Airbus S.A.S. (Netherlands), Tru Simulation + Training Inc. (US), and Raytheon Company (US).
The airborne SATCOM market size is projected to reach USD 7.3 billion by 2027, at a CAGR of 6.5% during the forecast period. Some of the major players in the airborne SATCOM market are Thales Group (France), Gilat Satellite Networks (Israel), Collins Aerospace (US), Cobham Limited (UK), General Dynamics Corporation (US), and Honeywell International Inc (US).
The aircraft generators market is expected to grow from USD 5.2 billion in 2022 to USD 7.3 billion by 2027, at a CAGR of 7.1% during the forecast period. Key players operating in the aircraft generator market include Honeywell (US), General Electric (US), Collins Aerospace (US), Safran (France), Thales Group (France) among other solution, service and equipment providers. These players offer comprehensive solution to key stakeholders in the market.
The special mission aircraft market size is projected to reach USD 19.9 billion by 2027, at a CAGR of 4.6% during the forecast period. The Boeing Company (US), Lockheed Martin (US), Dassault Aviation SA (France), Textron Aviation (US), and Northrop Grumman Corporation (US) are the key players in the global special mission aircraft market.
The Aviation Lubricants Market Size is projected to reach USD 1,082 million by 2027, at a CAGR of 6.1% during the forecast period. Key players operating in the aviation lubricants market include Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies Company (France), BP p.l.c. (UK), and PJSC LUKOIL (Russia).
The aircraft nacelle and thrust reverser market size is expected to grow from USD 4.2 Billion in 2021 to USD 5.6 Billion by 2026, at a CAGR of 6.0% during the forecast period. Major players operating in the renewable jet fuel market include Safran (France), Spirit AeroSystems (US), FACC AG (Austria), Barnes Group Inc (US), and Woodward (US) among others. Some of the Private and small enterprises in the aircraft nacelle and thrust reverser market include Aernnova Aerospace S.A. (Spain), Magellan Aerospace Corporation (Canada), Collins Aerospace (US), The NORDAM Group (US), and GKN Aerospace (UK).
The Aircraft Electrification Market is expected to grow from USD 6.0 billion in 2021 to USD 20.0 billion by 2030, at a CAGR of 14.3% during the forecast period. The aircraft electrification market includes major players like Honeywell International Inc. (US), Safran (France), Thales Group (France), Raytheon Technologies (US), GE Aviation (US). These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
The Aircraft Micro Turbine Engines Market Size is projected to reach USD 4.5 billion by 2030, at a CAGR of 5.5% during the forecast period. Major companies profiled in the report include Raytheon Technologies Corporation (US), Honeywell International Inc. (US), Kratos Defense & Security Solutions Inc. (US), Safran SA (France), and UAV Turbines Inc. (US), among others.
The aircraft antenna market is expected to grow from USD 0.6 billion in 2021 to USD 0.9 billion by 2026, at a CAGR of 7.9% during the forecast period. Key players have adopted various organic and inorganic strategies to strengthen their position in the aircraft antenna market. The major players include L3Harris Technologies Inc. (US), Honeywell International (US), Collins Aerospace (US), Cobham Limited (UK), and The Boeing Company (US), these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
The global market for aircraft wire and cable size is projected to reach USD 1.9 billion by 2026, at a CAGR of 5.7% during the forecast period. The aircraft wire and cable market is dominated by a few globally established players such as Amphenol Corporation (US), Carlisle Interconnect Technologies (US), Collins Aerospace (US), TE Connectivity (Switzerland), and Nexans SA. (France).
The aerospace robotics market size is projected to reach USD 4.9 billion by 2026, at a CAGR of 11.4% during the forecast period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Kuka AG (Germany), ABB Group (Switzerland), FANUC Corporation (Japan), Yaskawa electric corporation (Japan), Kawasaki Heavy Industries Ltd (Japan), Mtorres (Spain), Oliver Crispin Robotics Limited (UK), Gudel AG (Switzerland), Electroimpact Inc. (US), Universal Robots A/S (Denmark).
The aerospace 3D printing market is expected to grow from USD 1.9 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 19.4% during the forecast period. The major players in the aerospace 3D printing market include Stratasys Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), Norsk Titanium AS (Norway), Ultimaker B.V. (Netherlands), and EnvisionTec 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.
The aircraft insulation market is expected to grow from USD 5.5 billion in 2021 to USD 8.2 billion by 2026, at a CAGR of 8.3% during the forecast period. The aircraft insulation market includes major players DuPont (US), Triumph Group, Inc. (US), Transdigm Group, Inc. (US), Zotefoams (UK), BASF SE (Germany), Rogers Corporation (US), Safran Group (France), and Evonik Industries (Germany).
The aircraft propeller system market is expected to grow from USD 308 million in 2021 to USD 414 million by 2026, at a CAGR of 6.1% during the forecast period. Major players operating in the aircraft propeller system Hartzell Propeller, Inc. (Hartzell Propeller) (US), MT-Propeller Entwicklung GmbH (MT-Propeller) (Germany), and Dowty Propeller (UK) are the largest providers of aircraft propeller systems in the North American and European regions.
The Aircraft Engine Market Size is expected to grow from USD 60.8 billion in 2021 to USD 92.9 billion by 2026, at a CAGR of 8.9% during the forecast period. The aircraft engine market includes major companies such as Safran SA (France), General Electric Company (US), Honeywell International Inc (US), Rolls Royce PLC (UK), and MTU Aero Engine (Germany). These players have spread their business across various countries including North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected aircraft engine production and services globally in 2020.
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 Size 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.
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 Global Airborne Optronics Market Size was valued at USD 1.4 Billion in 2020 and is estimated to reach USD 2.5 Billion by 2025, growing 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 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 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 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.