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Aircraft Switches Market Size
Aircraft Switches Market size is projected to witness appreciable gains over 2024-2032. Airlines are putting efforts to create enhanced flying experiences since inflight connectivity is one of the prominent factors influencing passengers’ interest in an airline This rising emphasis on in-flight entertainment and connectivity will augment the usage of aircraft electrical switches and other control units.
For instance, in September 2023, Air India committed to spend USD 400 million to refit the wide-body aircraft using latest upgrades. The interiors of Air India were to get upgrades as per the global benchmarks, ensuring a first-rate in-flight customer experience.
Aircraft Switches Market Trends
A prominent trend contributing to the aircraft switches market growth is the rapid advancement in fly-by-wire technologies. In addition, the strong focus on accelerating aircraft deliveries and the development of aircraft prototyping tools will characterize industry trends.
However, airfare inflation continues to hit consumers and tourists across the globe. Based on CPI data from the Bureau of Labor Statistics, in March 2022, airfares rose by 0.8%, twice as fast as the rate for other items. These factors may have asserted a negative influence on the aviation industry. Despite soaring prices, Americans, however, are not hesitating to book a trip, which is likely to hasten commercial aircraft production and boost the need for aircraft switches.
Aircraft Switches Industry Analysis
In terms of application, the cockpit segment will create significant demand through 2032, due to the innovation of business jet cockpit and cabin systems. For example, the entry of Service of Challenger 3500 aircraft of Bombardier in September 2022 marked an era of innovation in the cockpit and cabin systems, including a voice-control cabin management system. Moreover, the high emphasis on increasing the number of passenger and freighter aircrafts will also drive the requirement for switches in cockpits.
Based on type, the manual segment will observe an upsurge during 2024 and 2032, credited to the growing demand for in-flight entertainment. The rise in competition has influenced airlines to position in-flight entertainment services as key differentiators. Furthermore, the high acceptance of interactive content over traditional seat-based static content will escalate the use of manual electromechanical switches.
Europe aircraft switches industry share will grow significantly from 2024 to 2032, considering the continued aircraft business expansion. For instance, in April 2022, Cirrus Aircraft announced its global expansion with investment in the Netherlands and France locations to address the growing customer demand. Likewise, the surging procurement of military aircraft and the strong focus on premium aircraft delivery will proliferate the adoption of aircraft switches and buttons in the region.
Aircraft Switches Market Competitive Landscape
The competitive landscape of the global aircraft switches market consists of firms such as:
- Curtiss-Wright
- United Technologies Corporation
- Esterline Technologies (TransDigm Group)
- TE Connectivity
- Honeywell
- Safran
- Hydra-Electric Company
- Meggitt
- Ametek
- Eaton Corporation
- ITT Aerospace
- Raytheon
- Baran Advanced Technologies
- Unison Industries (General Electric)
These companies are integrating strategies such as product developments to reinforce their market presence.
Aircraft Switches Industry News
- In June 2023, Raytheon Technologies announced that it was in the process of developing a 1-megawatt generator for the U.S. Air Force Research Laboratory (AFRL), as an integral component of the Air Force's Advanced Turbine Technologies for Affordable Mission-Capability (ATTAM) program.