Published on : Jun 09, 2016
ALBANY, New York, June 09, 2016: ResearchMoz.us has recently announced the addition of a new market research study to its huge database of research reports. The study, titled “Global Commercial Aircraft Cockpit Display System Market 2016-2020,” offers an in-depth analysis of the market, focusing on top companies’ product portfolio, major geographical segments, and vendor analysis. The research study further talks about the major driving factors, current trends, challenges, and opportunities in the market.
Cockpit display systems are being used widely by airline companies. These systems are used in order to improve the capacities of the aircraft and help in reducing the information-management workload and aircraft weight as well as facilitate power saving. It also helps in imparting faster training to new pilots, easy interaction with air traffic control, and in avoiding accidents. Considering the numerous advantages offered by the adoption of the aircraft cockpit display systems, this market is projected to exhibit a 2.93% CAGR between 2016 and 2020.
The high cost of purchasing and installing autopilot systems is the key factor driving the global market for commercial aircraft cockpit display systems. In addition, the major players operating in the market are making efforts to develop autopilot landing systems, which is estimated to fuel the growth of the market worldwide. However, the increasing demand for automation is projected to hamper the growth of the market in the near future.
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By product type, the global market for commercial aircraft cockpit display systems has been divided into primary flight displays, multi-functional displays, and engine-indicating and crew-alerting systems. In 2015, the multi-functional display segment held an 85% share in the global market for commercial aircraft cockpit display system. The growing number of passenger aircrafts across the globe is projected to boost the demand for enhanced multi-functional display systems in the next few years.
By geography, the global market for commercial aircraft cockpit display systems has been classified into EMEA, APAC, and the Americas. At present, the Americas dominates the overall market and is projected to reach a value of US$984 mn by the end of 2020. In the last few years, the aviation market in the U.S. has witnessed several mergers among the major commercial airlines, including American Airlines with U.S. Airways, Delta with Northwest, Southwest with AirTran, and United with Continental. All these mergers have resulted in making the country’s aviation industry one of the most profitable industries in the overall market.
As per the research study, the global market for commercial aircraft cockpit display systems is extremely competitive, owing to the presence of several players operating in the market. The major players in this market are emphasizing on enhancing the product cost, quality, aftermarket service, and reliability. The introduction of advanced avionics display systems and increasing mergers and acquisitions are expected to contribute substantially towards the growth of the global market for commercial aircraft cockpit display systems throughout the forecast period. Some of the leading players mentioned in the research study are Avidyne, BAE Systems, Esterline, Rockwell Collins, Thales, Universal Avionics Systems, Honeywell, Diehl Aerosystems, Garmin, and L-3 Communications.
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