Market Size of Aircraft Cockpit Systems Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 83.57 Billion |
Market Size (2029) | USD 102.98 Billion |
CAGR (2024 - 2029) | 4.27 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Aircraft Cockpit Systems Market Analysis
The Aircraft Cockpit Systems Market size is estimated at USD 83.57 billion in 2024, and is expected to reach USD 102.98 billion by 2029, growing at a CAGR of 4.27% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant effect on the aircraft cockpit systems market. The onset of COVID-19 led to lockdowns in various countries, and this led to restrictions in terms of travel or trade between countries, leading to shortages in the end components for manufacturing aircraft cockpit systems and delays in terms of manufacturing of the end product by the original equipment manufacturers (OEMs). Moreover, the pandemic led to supply chain disruptions and production-related issues in the military aircraft segment.
On the other hand, though the orders and deliveries of general aviation aircraft witnessed a decline in 2020 compared to 2019, there is a growth in demand for helicopters and business jets to transport medical supplies, cargo charter operations, and VIP transport. This is expected to help the growth of the aircraft cockpit systems market.
Though there were supply chain disruptions and production-related issues in the military aircraft segment, military aircraft demand has not been affected as countries did not postpone or cancel their procurements due to the criticality and tactical importance of the requirements. Thus, the advancement in terms of manufacturing aircraft cockpit systems using advanced technologies will lead to the growth of the aircraft cockpit systems market during the forecast period.
Aircraft Cockpit Systems Industry Segmentation
A cockpit or flight deck is the area, usually near the front of an aircraft or spacecraft, from which a pilot controls the aircraft. The cockpit of an aircraft contains flight instruments on an instrument panel and the controls that enable the pilot to fly the aircraft.
The market has been segmented by rotor type, aircraft type, display, and geography. By rotor type, the market has been segmented into fixed-wing aircraft and rotary-wing aircraft. By aircraft type, the market has been segmented into passenger aircraft, military aircraft, business aircraft, and cargo aircraft. By display, the market has been segmented into digital and analog. The report also covers the market sizes and forecasts for the aircraft cockpit systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
By Rotor Type | |
Fixed-wing Aircraft | |
Rotary-wing Aircraft |
By Aircraft Type | |
Passenger Aircraft | |
Military Aircraft | |
Business Aircraft | |
Cargo aircraft |
By Display | |
Digital | |
Analog |
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Aircraft Cockpit Systems Market Size Summary
The aircraft cockpit systems market is poised for steady growth over the forecast period, driven by advancements in technology and increasing demand across various aviation sectors. The market experienced disruptions due to the COVID-19 pandemic, which affected supply chains and production timelines, particularly in the military aircraft segment. However, the critical nature of military procurements ensured that demand remained stable, with countries continuing to invest in advanced cockpit systems. The integration of multi-functional displays in military aircraft is a significant trend, enhancing pilot situational awareness and operational capabilities. This trend is supported by ongoing modernization projects and the development of new-generation aircraft, which are expected to propel market growth.
The Asia-Pacific region is emerging as a key player in the aircraft cockpit systems market, fueled by the rapid expansion of civil aviation in countries like China and India. The region's growing demand for air travel and military aircraft modernization initiatives are contributing to its robust market prospects. Major industry players, including Elbit Systems Ltd, Northrop Grumman Corporation, and Honeywell Aerospace Inc., are focusing on developing advanced, lightweight, and safety-compliant cockpit systems to maintain a competitive edge. Recent contracts, such as those awarded to Northrop Grumman Corporation and Garmin by the US Navy and Department of Defense, respectively, highlight the ongoing efforts to upgrade and modernize aircraft cockpit technologies, further supporting market expansion.
Aircraft Cockpit Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Rotor Type
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2.1.1 Fixed-wing Aircraft
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2.1.2 Rotary-wing Aircraft
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2.2 By Aircraft Type
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2.2.1 Passenger Aircraft
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2.2.2 Military Aircraft
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2.2.3 Business Aircraft
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2.2.4 Cargo aircraft
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2.3 By Display
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2.3.1 Digital
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2.3.2 Analog
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of Latin America
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2.4.5 Middle East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Qatar
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2.4.5.4 Egypt
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2.4.5.5 Rest of Middle East and Africa
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Aircraft Cockpit Systems Market Size FAQs
How big is the Aircraft Cockpit Systems Market?
The Aircraft Cockpit Systems Market size is expected to reach USD 83.57 billion in 2024 and grow at a CAGR of 4.27% to reach USD 102.98 billion by 2029.
What is the current Aircraft Cockpit Systems Market size?
In 2024, the Aircraft Cockpit Systems Market size is expected to reach USD 83.57 billion.