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Glass Cockpit Market - Forecasts from 2020 to 2025

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    Report

  • 127 Pages
  • March 2020
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5009234
UP TO OFF until Jun 30th 2023
The glass cockpit market is projected to grow at a CAGR of 3.77% to reach a market size of US$4.647 billion in 2025 from US$3.721 billion in 2019

With the advancements in technology, the glass cockpit entered the cockpit display market. By using the LCD technology, this next-generation cockpit with touchscreen technologies is gaining popularity. With the growing trend of digitization, the market is propelled to grow at a significant pace in the forecast period. These flight deck with efficient flight control systems are providing huge operational benefits where pilots are offered with novel ways of interaction with the aircraft system. Additionally, the growing number of air travel passengers along leading to the manufacturing of new aircraft is further propelling the market demand in the forecast period and in the upcoming years. Hence, the growing aerospace and defense industry is fueling the market growth in the forecast period.

Geographically, North America and Europe are projected to hold a significant share in the global glass cockpit market. This is due to the early technology adopters, additionally, North America is having a robust military industry, with the United States as a pioneer in the global aerospace and defense industry. While the Asia Pacific region is expected to witness high market growth prospects. This region is predicted to be the fastest-growing region during the forecast period. This is due to a large consumer base along with the growing number of air passengers, specifically in the emerging countries of India and China.

As per the International Air Transport Association (IATA) predictions, the Asia Pacific region is considered to be the biggest driver of the air passenger demand during the period 2015 to 2035. Nearly more than 50% of the new air passengers are likely to originate from this region. Also, in the near future, by the end of 2024, China will replace the United States as the major aviation market at the global level. Similarly, India from the APAC region is poised to replace the United Kingdom, to be ranked in the third position by 2025. On the other hand, Indonesia and Japan are expected to be placed in the fifth and seventh positions in the global aviation market by the end of 2025. Furthermore, the increasing defense expenditure of the Southeast Asian countries is expected to provide an opportunity for the growth of the glass cockpit market over the next five years.

Industry players are working on providing advanced technologies for cockpits, fueling the opportunity for the market to thrive in the forecast period and in upcoming years. This is because of the fact that the current analog cockpit configuration is not capable of providing a clear representation of the cockpit data. Hence, this has further led to an increase in the cockpit workload and has further resulted in a decrease in the pilot’s situational awareness.

The growing aerospace & defense industry is burgeoning the market demand for the installation of glass cockpits, further fueling the market growth in the forecast and the upcoming years

The aerospace & defense industry worldwide is keeping up pace with the increasing air passenger traffic. In addition, the growing global military spending is surging continuously owing to the increased border security threats, hence, the A&D industry is predicted to experience sustainable growth during the forecast period as well. This is further creating a need where governments are required to raise their defense budgets. Also, with the growing manufacturing and production of commercial aircraft, the market is expected to gain popularity with the growing technological advancements. Hence, in the field of commercial aerospace, there is a high demand for the manufacturing of next-generation aircraft coupled with the installation of next-generation technologies for enhanced communication and navigation, fueling the market demand in the forecast period.

In the defense sector, the heightened global tensions, geopolitical risks, and high defense spending by the regional powers other than the United States, which include China, India, and Japan are further augmenting the demand for advanced avionics in the forecast period and in the upcoming years. The growing defense expenditure will further provide assistance in creating immense opportunities for the contractors and their supply chains to fulfilling the demand resulting in improved production yields. In addition, the defense companies are required to be able to adapt as per the evolving market demands which comprise the introduction of new technologies like digital technology.

In the field of commercial space, sustainable investments are being made in the new and existing space technologies and services along with significant funding coming up from the government and venture capitalists. With an increased focus on the modernization of the military missions, the market is poised to grow at a fast pace in the forecast period and in the upcoming years. Furthermore, with the growing investments in the research and development made in the A&D, a significant rise in the revenues were observed, further burgeoning the market demand in the forecast period. Strategies such as mergers and acquisitions are being observed in the recent years focused on the growth drivers in the field of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR), commercial aviation, unmanned and autonomous vehicles, and the increasing demand for achieving high sales. Additionally, bigger contractors are utilizing acquisitions as a part of their growth strategies in order to gain access to novel and sophisticated technologies along with the expansion of their global outreach.

With the increasing automation in several industries, the automated flight control systems with touchscreens are further providing an opportunity for the market to grow at a significant pace in the forecast period. The commercial aerospace sector is further aimed towards shifting to a fully-automated flight deck, hence, leading to a reduction in the number of crew members in the cockpit and resulting in lowering the airline costs. Also, with the increasing number of pilot shortages, the deployment of an automated cockpit is offering an efficient solution with the increasing demand for air transport and the expansion of low-cost airlines.

Segmentation:

By Aircraft Type
  • Defense Aircraft
  • Civil Aircraft
  • Cargo Aircraft
  • Helicopters
  • Trainer Aircraft
  • Space Aircraft

By Screen Size
  • Small
  • Medium
  • Large

By Geography

North America
  • USA
  • Canada
  • Mexico

South America
  • Brazil
  • Argentina
  • Others

Europe
  • UK
  • Germany
  • France
  • Others

Middle East and Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Others

Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Others

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Glass Cockpit Market Analysis, by Aircraft Type
5.1. Introduction
5.2. Defense Aircraft
5.3. Civil Aircraft
5.4. Cargo Aircraft
5.5. Helicopters
5.6. Trainer Aircraft
5.7. Space Aircraft
6. Glass Cockpit Market Analysis, by Screen Size
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large
7. Glass Cockpit Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Glass Cockpit Market, By Aircraft Type, 2019 to 2025
7.2.2. North America Glass Cockpit Market, By Screen Size, 2019 to 2025
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Glass Cockpit Market, By Aircraft Type, 2019 to 2025
7.3.2. South America Glass Cockpit Market, By Screen Size, 2019 to 2025
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Glass Cockpit Market, By Aircraft Type, 2019 to 2025
7.4.2. Europe Glass Cockpit Market, By Screen Size, 2019 to 2025
7.4.3. By Country
7.4.3.1. UK
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Glass Cockpit Market, By Aircraft Type, 2019 to 2025
7.5.2. Middle East and Africa Glass Cockpit Market, By Screen Size, 2019 to 2025
7.5.3. By Country
7.5.3.1. United Arab Emirates
7.5.3.2. Israel
7.5.3.3. Saudi Arabia
7.5.3.4. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Glass Cockpit Market, By Aircraft Type, 2019 to 2025
7.6.2. Asia Pacific Glass Cockpit Market, By Screen Size, 2019 to 2025
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. Australia
7.6.3.5. Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Garmin Ltd.
9.2. Collins Aerospace, a United Technologies company
9.3. Honeywell International Inc.
9.4. Elbit Systems Ltd.
9.5. Dynon Avionics
9.6. Aspen Avionics
9.7. f.u.n.k.e. AVIONICS GmbH
9.8. Avidyne Corporation

Companies Mentioned

  • Garmin Ltd.
  • Collins Aerospace, a United Technologies company
  • Honeywell International Inc.
  • Elbit Systems Ltd.
  • Dynon Avionics
  • Aspen Avionics
  • f.u.n.k.e. AVIONICS GmbH
  • Avidyne Corporation