May 25, 2021
According to the recent research report titled ‘Global Aircraft Digital Cockpit Market Analysis, 2021’, available with Market Study Report, global aircraft digital cockpit market is anticipated to grow substantially over 2021-2026.
As per the findings of the report, surging demand from commercial and military aircraft, rapid digitalization in aviation industry, increasing technological advancements, and modernization of the aircrafts are the key factors stimulating global aircraft digital cockpit market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3583517/
Apart from the growth drivers, the document also covers the factors restricting the market development and suggest approaches that can be adopted to help them improve their revenue flow.
For the uninitiated, digital cockpits simplify the operation and navigation process to ensure safety and security in commercial and military aircrafts.
Based on aircraft type, global aircraft digital cockpit market is split into military aircraft and commercial aircraft, among which, the foremost segment is slated to amass high returns by the year 2026. This can be ascribed to growing usage of digital cockpit in military sector like helicopters, airlifters, trainers, bombers, and fighter jets. Moreover, rising modernization of military aircrafts is further contributing to the segment expansion.
With respect to display type, the industry bifurcation comprises multi-function display, engine-indicating and crew-alerting system (EICAS) display, primary flight display, and others. Moving on to display size, the market is categorized into greater than 10 inches, 5-10 inches, and less than 5 inches.
From regional perspective, key contributors to worldwide aircraft digital cockpit industry remuneration are South America (Argentina, Brazil), North America (Mexico, Canada, United States), Europe (the United Kingdom, France, Germany, Russia,), Asia Pacific (South Korea, India, Japan, China,), and Middle East & Africa (South Africa, Saudi Arabia, UAE).
Leading organizations impacting global aircraft digital cockpit market dynamics are Leonardo S.p.A., Barco NV, Safran SA, Thales Group, Collins Aerospace (United Technologies Corporation), Garmin Ltd., Honeywell International Inc., Esterline Technologies Corporation, Elbit Systems Ltd., and Astronautics Corporation of America.
The research literature evaluates the aforementioned companies based on their product/service portfolio, financial parameters, and recent developments like investments, partnerships, and mergers, to help stakeholders draw effective growth strategies for the forthcoming years.