Market Overview:

Aircraft Switches Industry is projected to grow USD 3 Billion at a CAGR 4% by 2020-2030.

Aircraft switches were earlier used only in cockpits but with the surge in innovations, their application ranges have expanded significantly over the past few years. Increasing digitalization of aircrafts has prompted major changes in customizing, deploying and designing the switch technology. This has meant high adoption of LCDs, which have replaced conventional push button and rotary switches. The latest designs make extensive use of the touchscreen model, which is intuitive but given its digital property, is considered to be less reliable. The challenge faced by manufacturers is to win the trust of consumers in terms of new technologies that are more compact and diverse.

Consumers have become extremely tech-savvy, increasingly adopting digital options while travelling. Growing preference for touchscreens to interact with the airline staff, use on-flight facilities and consume content can be profitable avenues for the firms in the aircraft switches industry. These are projected to be the basic features of turboprop and business flights. Rising adoption of electronic sensors given their ability to provide accurate and precise reading of engine operations, malfunctions, while centralizing various functions could be a lucrative opportunity for market leaders in subsequent years. Increased use of switches in space and unmanned Aerial vehicle (UAV) applications will also ensure lucrative growth in the coming years.

Emerging trends such as Uberdrive have bolstered the demand for urban air taxis and have raised consumer interest in driving planes amidst highly intuitive and efficient flight control, which can be a key growth booster in the Aircraft Switches Industry. Moreover, rising use of aircrafts at flight schools, air taxis’ use in urban locations, and the mounting preference for personal planes could also give rise to excellent opportunities in the global market. Continuous launch of new and advanced aircrafts with superior quality features by manufacturers is another factor that can be crucial for the market growth.

Key Players:

The top participants in the worldwide market are Unison Industries

Safran (France), Curtiss-Wright Corporation (US), Esterline Technologies (US), Meggitt PLC. (UK), Raytheon Technologies Corporation (US), Eaton Corporation (Ireland), AMETEK,Inc. (US), TE Connectivity (Switzerland), Honeywell International Inc. (US), Thales Group (France)

COVID-19 Impact

Businesses across the globe have been facing challenges posed by the COVID-19 pandemic. The aviation sector has met with a similar fate, in line with a substantial reduction in passenger traffic. Airlines are dealing with travel bans following the lockdown, market volatility and economic uncertainty. The aftermath of the novel coronavirus as well as the lockdown has been brutal for the segments of the aviation industry, which includes the Aircraft Switches Industry, especially since the manufacturing activities have been brought to a halt by the lack of workforce. In view of the escalating SARS-CoV-2 cases worldwide, market firms are placing their bets on advanced technologies such as robotics and automation.

The Aircraft Switches Industry can observe a relatively better growth in the near future, with the growth in commercial passengers across developing regions and the continuous adoption of machine learning, AI and drone technology. These technologies are helping aircraft switches manufacturers to streamline maintenance processes, and also bring down the dependence on human labor.

Market Segmentation:

End-user, application, platform, and type are the key market segments considered in the MRFR report.

OEM and aftermarket are the primary market end-users, out of which the lead was taken by the aftermarket segment in 2019. But, the OEM segment is set to demonstrate better growth over the review period.

Applications of aircraft switches are avionics, aircraft systems, cockpit, engine and APU and cabin. Cockpit can be the highest achiever, in terms of CAGR, as switches are commonly used in aircraft cockpits for essential pilot functions. Cabin has been the top segment since 2019, on account of the heightened demand in the aftermarket for cabin switches.

Platform-wise, the key segments are rotary and fixed wing. Fixed wing segment landed at the top in 2019, due to the surging passenger traffic along with the soaring demand for new aircraft. Rotary wing segment can advance at a higher rate from 2020 to 2026 in view of the increasing use of helicopters for military and commercial applications.

Automatic and manual are the two main types of aircraft switches in the global market. Manual switches were the leading segment in 2019, thanks to the mounting number of aircraft deliveries. Various types of manual switches in demand are toggle, push, selector and rocker. Automatic switches are witnessing strong demand and can garner a better expansion rate owing to the rising adoption of switches for electronic and network automation.

Industry News:

For instance, in October 2020, ALSIM, a France-based flight simulator manufacturer launched a convertible simulator called AL40/42. It is a combination of two Diamond aircrafts, which are DA40 and DA42, with applications in flight schools. The aircraft’s conversion kit consists of two central and cockpit panels, which include a/c system switches along with power levers, Garmin avionics, yaw trim and fuel selection panels. The switch present in the central panel is optional since both the aircrafts’ configuration is expected to be compatible.

Full report @ https://www.marketresearchfuture.com/reports/aircraft-switches-market-9705

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