The global aircraft interface device market, valued at USD 24.78 million in 2022, is anticipated to rise to USD 33.34 million by 2023 and is projected to achieve USD 61.50 million by 2030, reflecting a notable compound annual growth rate (CAGR) of 9.1% throughout the forecast period.

Driven by the increasing need for efficient and seamless communication among diverse aircraft components to enhance operational efficiency and safety, the demand for Aircraft Interface Devices (AIDs) has surged. AIDs facilitate effective communication between Electronic Flight Bags (EFBs) and aircraft data buses, enabling users to access vital information such as aircraft position and speed from avionics systems. The market is further propelled by the expanding demand for air travel and the continuous growth of air fleets.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessinsights.com/aircraft-interface-device-market-108478

LIST OF KEY COMPANIES PROFILED IN THE REPORT

·         Astronics Corporation (U.S.)

·         Collins Aerospace (U.S.)

·         SCI Technology Inc. (U.S.)

·         Skytrac System LLC. (Canada)

·         Teledyne Controls LLC (U.S.)

·         Thales SA (France)

·         The Boeing Company (U.S.)

·         Elbit System (Israel)

·         DAC International Inc. (U.S.)

·         CMC Electronics Inc. (Canada)

·         Honeywell International Inc. (U.S.)

Segmentation: Aircraft Interface Device Market

Aircraft Conditioning Monitoring System to be Widely Used Due to Increasing Demand for Predictive Maintenance

By application, the market is divided into flight tracking, quick access recording, Aircraft Condition Monitoring System (ACMS), DVR & video streaming, and others. The Aircraft Condition Monitoring System (ACMS) segment is predicted to be the fastest-growing segment during the forecast period as the demand for predictive aircraft maintenance activities is rising at a robust pace.

Increase in the Number of Aircraft Fleet to Boost Use of Fixed Wing Aircraft

Based on aircraft type, the market is segmented into fixed wing and rotary wing. The fixed wing segment might emerge as the fastest growing segment due to the notable expansion of aircraft fleets by airlines.

Demand for Wireless Connectivity to Rise Due to Growing Demand for Futuristic Connectivity Systems

By connectivity, the market is bifurcated into wired and wireless. The wireless segment held a dominant position in the market in 2022 as there was a notable spike in the demand for cutting-edge connectivity systems that use a higher radio frequency to transfer data.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report analyzes the market in detail and covers several crucial areas, such as supply chain management, opportunities for AIDs to grow in demand, R&D capabilities, and competitive landscape. It also provides valuable insights about the leading industry developments and the top market trends. Besides the abovementioned factors, the report covers several factors that have boosted the market growth in recent years.

Drivers and Restraints:

Growth in In-Flight Connectivity in Aircraft to Accelerate Market Progress

Passengers and airlines across the world are looking for reliable internet access during flights to facilitate in-flight connectivity, which can help them use their devices for entertainment or business purposes. This scenario has boosted the demand for Aircraft Interface Devices (AIDs) to make in-flight connectivity easier. With the help of AIDs, users can get access to in-flight entertainment, such as live TV and streaming services, which will fuel the market development.

However, concerns regarding data safety and security associated with AIDs can impede the market growth.

Regional Insights:

North America Led the Market Share Due to Presence of Large Aircraft Fleets and Top Airlines

North America dominated the global aircraft interface device market share as region witnessed the expansion of its aircraft fleet and has a vast presence of leading airlines. Some of the popular airlines present in North America include Delta Airlines, American Airlines, and Southwest Airlines.

Asia Pacific is predicted to record the highest CAGR during the forecast period as there has been a notable increase in the number of air travelers in the region in recent years.

Competitive Landscape:

Key Market Players to Launch New Products to Maintain Their Market Dominance

The market landscape is highly competitive due to the presence of top firms, such as Astronics Corporation, Collins Aerospace, SCI Technology Inc., Skytrac System LLC., and Teledyne Controls LLC, and others. These companies are launching new products and taking various initiatives to upgrade their current software and systems to fulfill the growing product demand from different airlines and expand their market presence.

Notable Industry Development:

May 2021 – FLYHT Aerospace Solutions LLC and Coral Jet announced that the latter had placed an initial order of becoming the launch customer for the AFIRS Edge. AFIRS Edge is an Aircraft Interface Device (AID) that transfers data from the aircraft to an EFB. It offers Wireless Quick Access Recorder (WQAR) capabilities, real-time information, and on-board data storing.