Europe Aircraft Video Surveillance Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By - By System Type, Fit Type, Aircraft Type; and Country

The aircraft video surveillance market in Europe is expected to grow from US$ 173.19 million in 2019 to US$ 234.00 million by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The Emphasis on volumes of aircraft order and delivery is also bolstering the growth of the industry. The Europe aircraft video surveillance market is displaying an upward trend for the past couple of years, and it is anticipated to reflect a similar trend during the forecast period. The growth of the aircraft video surveillance market is majorly attributed to significant investments in the aerospace industry. Over the past few decades, the aviation industry has grown immensely. The growth rate of technological transformation has been outstanding, which stimulated the demand for various products and services. There is an increased adoption of aircraft video surveillance solutions in commercial aircraft owing to rise in demand for in-flight safety and security systems. Increasing number of complaints against airlines and improving regulatory standards of safety have highlighted the importance of aircraft video surveillance solutions. To improve the security level, airline companies are installing cockpit door surveillance systems to restrict unauthorized access to the cockpit area. Cabin surveillance systems are also gaining considerable growth in the market, as aircraft operators are demanding video surveillance solutions to monitor suspicious activities outside the cockpit area. Further, advancements in aircraft environmental camera systems, to offer detailed information about traffic, weather, and terrain, are supporting the market growth, which is further driving the demand for Aircraft Video Surveillance market. The Rising Demand for Business Aircraft is among the other factors expected to positively influence the demand for Aircraft Video Surveillance.

The Narrow Body Aircraft Segment led the Europe Aircraft Video Surveillance market in 2019. The overall Europe Aircraft Video Surveillance market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe Aircraft Video Surveillance market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe Aircraft Video Surveillance market. AD Aerospace Ltd., Aerial View Systems Ltd, Cabin Avionics Ltd., Kappa-Optronics GmbH, Global Eagle Entertainment Inc. Meggit Plc, Collins Aerospace, Parker Hannifin Corp., BAE Systems Plc, and KID-System are among the leading companies in the Europe Aircraft Video Surveillance market.

In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of COVID-19 has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This move by the airlines has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft video surveillance market players. Airbus, a leading and forerunner in Europe's aircraft production volume, delivered only 477 aircraft during January to November 2020, compared to 725 aircraft during the period from January to September 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, have also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft video surveillance market as the demand for these systems declined among the European aircraft manufacturers mentioned above. Although, France, Italy, the UK, and Russia are among the key countries that have higher number of aircraft manufacturers, they are the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.