Global Aircraft Interface Device Market foreseen to cross USD 435 billion by 2025

Market overview:
The global Aircraft Interface Device Market was worth USD 171.7 million in 2020, and it is estimated that it will reach USD 435.4 billion by 2025 at a CAGR of 14.2% during the foreseen period.

The Aircraft Interface Unit (AID) enables data transfer between the aircraft's electronic flight bag (EFB) and the aircraft's data bus. AID is a hardware platform on board an airplane. The aviation industry is currently in an exciting phase where advanced information technology is expected to transform the industry's decision-making capabilities and make new implementations faster than ever. Analysis of the aircraft's interface devices via an electronic flight bag (EFB) used thousands of unique software algorithms to process radar data and raw flight plans from the Air Traffic Control System (ATC).

Recent developments:
In September 2019, Astronics Corporation announced the launch of a new "extended range" version of the webFB small intelligent aircraft interface (AID) unit.
(https://investors.astronics.com/news-events/press-releases/detail/286/astronics-releases-an-extended-range-version-webfb-smart)

Market Drivers and Restrains:
The growing demand for situational awareness and the rising need for real-time analytics are the major drivers expected to support the growth of the global Aircraft Interface Devices market. Increased aircraft acquisitions in the commercial and general aviation sectors are currently driving market revenue. The growth of the Aircraft Interface Devices market may accelerate as the emphasis on the development and predictive maintenance of aircraft condition management systems increases. The growth of the aircraft interface device industry is expected to accelerate over the next five years as its coverage expands into aircraft maintenance and operations. Since revenue can only be generated through active aircraft units in the fleet, grounding the aircraft causes losses to the airline operator.
Additionally, the availability of real-time data means that airlines can monitor various performance parameters and plan flights accordingly, which can help reduce operating costs. Since the advent of commercial aircraft, airlines have focused on deploying operational aircraft units that increase fuel efficiency and reduce operating costs, and sophisticated condition monitoring software enables aircraft maintenance units to easily access statistical data of aircraft units through a circuit. Also, the development of aircraft health management technology and increased adoption of predictive maintenance by aircraft operators around the world will accelerate the growth of the global market for aircraft interface devices. Therefore, it is expected to dominate the market in the future as there is a high demand for aircraft using these aircraft interface devices and the increasing prevalence of these devices in all aircraft.

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Report is segmented as:
By aircraft type, the Aircraft Interface Devices market is segmented into fixed and rotary wing. The significant increase in passenger air transport has led commercial airlines to purchase fixed-wing aircraft. Also, the demand for the transport of a wide range of goods, military vehicles and soldiers favors the growth of fixed and rotary wing transport aircraft in the military sector.

By platform segment, the hardware segment shares the most revenue in the global Aircraft Interface Equipment market by platform. The aircraft interface device market is driving the market as demand for light aircraft data generation equipment increases significantly among commercial airlines and the military.

Geographical Segmentation:
North America has the largest share of the aircraft interface device market, while Asia Pacific is expected to grow the fastest. In the current market scenario, the end users in North America and Asia Pacific have purchased the largest number of aircraft interface devices. These end-users are expected to continue to invest significant amounts in the adoption of aircraft interface devices as aircraft purchases increase in these two regions. The APAC region is expected to witness significant growth in commercial aircraft, while the North American region is expected to see an increase in the number of military aircraft during the forecast period. Therefore, the increasing number of aircraft incorporating new and advanced technologies will drive the market for aircraft interface devices in the future.

Key market players:
Major players in the aircraft interface device market include Astronics Corporation, Arconics, Navaero Inc., Esterline Technologies Corporation, Teledyne Technologies International Corp., Rockwell Collins, Inc., and United Technologies Corporation.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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