Aircraft Interface Device Market Research Report and Outlook by 2028

The Aircraft Interface Device market is anticipated to grow significantly, reaching an estimated US$ 354.10 million by 2028, up from US$ 174.06 million in 2021, reflecting a compound annual growth rate (CAGR) of 11.5% from 2022 to 2028.

Over the past decade, the commercial aviation sector has witnessed remarkable expansion, with airlines across both developed and emerging markets placing substantial orders for new aircraft to accommodate the rising demand for air travel. Although the industry faces hurdles such as escalating fuel prices and technical challenges that have led to accidents, the overall demand for air travel is projected to continue its upward trajectory, driven by the increasing disposable income of people worldwide. This surge in commercial air traffic is a key factor propelling the growth of the aircraft interface device market.

The International Air Transport Association (IATA) reported that the global commercial aviation passenger count reached 1.8 billion in 2020, with projections indicating a rise to 7.8 billion by 2036. The Asia Pacific region is expected to be the largest contributor, accounting for 33% of global passenger numbers in 2019, with forecasts suggesting this will increase to 41% by 2040, as per Boeing's commercial market outlook. Furthermore, the aviation sector is increasingly integrating advanced information technologies, which are expected to enhance decision-making processes and facilitate the rapid adoption of new operational methods. For example, the European Federation of Biotechnology (EFB) employs numerous software algorithms to analyze radar data and raw flight plans from air traffic control, which raises awareness of the advantages of aircraft interface devices and stimulates market growth.

The aircraft interface device market stands to gain from the rising implementation of machine learning and artificial intelligence, which can utilize big data to enhance predictive analytics. This technological progress allows manufacturers to improve the functionality of cockpit electronic flight bags (EFBs) and transition from traditional paper charts to digital displays and tablets in cockpits. The growing demand for sophisticated technology within the airline sector is driving the integration of these innovations to create smarter cockpits, which facilitate improved communication with ground support teams, including maintenance and dispatch personnel. Such advancements lead to more efficient operations and enhanced fuel efficiency, further contributing to the expansion of the aircraft interface device market.

Impact of COVID-19 on the Aircraft Interface Device Market

The COVID-19 pandemic has had a profound effect on North America, disrupting supply chains and manufacturing operations, which has adversely impacted the aircraft interface device market in the region. Despite a strong performance from 2012 to 2019, where airlines reported profits of US$ 44 billion, the pandemic severely affected the aviation industry, resulting in a staggering financial loss of US$ 63 billion in 2020. This situation was worsened by pre-existing challenges in the North American aviation sector, such as the Boeing 737 Max crisis, leading to decreased demand, supply chain interruptions, financial strain, and workforce challenges, all of which have negatively influenced the aircraft interface device market in this area.

Europe, known for having the busiest airspace globally, with approximately 20,000 flights daily and around 600 million passengers annually, is experiencing a robust economy and a growing demand for air travel, which is driving the need for aircraft interface devices. The market for these devices is being propelled by the increasing demand for modern aircraft in both commercial and military applications. Economic stability in Europe is fostering the acquisition of more aircraft by airlines and defense forces to satisfy the rising demand for air travel and enhance military capabilities. The military sector has notably increased its procurement of aircraft over recent years, a trend that is expected to persist, thereby further stimulating the aircraft interface device market.

The IATA noted that European airlines transported approximately 389.9 million passengers in 2020, which in turn drives the production of aircraft and their components. Germany's acquisition of six Lockheed Martin C-130J Hercules aircraft in 2018, along with the collaborative plans between Germany and France to establish a manufacturing facility for the C-130J Hercules at reduced costs for their air forces, further supports the growth of the aircraft interface device market. Additionally, aircraft manufacturers are establishing new development facilities, such as Boeing's inaugural European manufacturing site in the UK, all contributing to the expansion of the aircraft interface device market in Europe.

Key players in the global aircraft interface device market include Thales Group, Honeywell International, Inc., AMETEK, Boeing, and Collins Aerospace, as identified in this market analysis.

The assessment of the aircraft interface device market has been conducted through a thorough research methodology that integrates both primary and secondary sources. Secondary research involved gathering qualitative and quantitative data from various internal and external sources to provide a comprehensive overview and forecast of the market size across all segments. Additionally, primary interviews were conducted with industry stakeholders, including VPs, business development managers, market intelligence managers, national sales managers, and external consultants. These interviews aimed to validate the data and obtain deeper analytical insights into the aircraft interface device market, involving industry experts such as valuation specialists, research analysts, and key opinion leaders in the field.