Air Data Systems Market: Global Industry Trends and COVID-19 Impact Analysis

The market report on the Air Data Systems Market published by Stratview Research indicates lucrative growth opportunities in the Air Data Systems Market industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, trends, market dynamics, and key players.

Air Data Systems Market Forecast:

The Air Data Systems Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Growth in the number of aircraft orders and deliveries and escalating demand for large military UAVs are the major factors expected to underpin the growth of the global air data systems market during the forecast period.

The growth of this market principally depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using multiple analysis. These methods help in evaluating the potential of the companies and identify gaps, finding challenges as well as opportunities to lay out a successful roadmap which leads to higher profitability.

Here are the key players in the market –

  • Ametek Inc.
  • Aeroprobe Corporation
  • Astronautics Corporation of America
  • Curtiss-Wright Corporation
  • Financial Highlights
  • Honeywell International Inc.
  • Meggitt PLC
  • Rockwell Collins, Inc.
  • Shadin Avionics
  • Thommen Aircraft Equipment.

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Air Data Systems Market Segmentation:

The report segments are based upon applications, material, product type, demographics, geographics, benefits and volume etc. It also recognizes the most-attractive segments and sub-segments.

Air Data Systems Market Share: By End-User Type

Based on the end-user type, the market is segmented as civil and military. The civil segment owns a larger market size and is also estimated to register a higher growth during the forecast period. Fueled by factors, such as increase in air travel, rise in disposable income, and growth in international tourism, among others, the civil aviation industry across the globe has been witnessing robust growth in recent years.

Air Data Systems Market Share: By Aircraft Type

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, fighter aircraft, regional transport aircraft, military transport aircraft, general aviation, rotary-wing aircraft, and UAV. The narrow-body aircraft segment led the market in 2018, and is expected to continue its dominance during the forecast period as well. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a collective share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft.

Air Data Systems Market Share: By Component Type

Based on the component type, the market is segmented as electronic unit, probes, and sensors. The electronic unit segment is estimated to register the highest growth during the forecast period. The growth is owing to the compliance with the FAA-RVSM mandate, there should be an RVSM (Reduced Vertical Separation Minimum) compliant electronic unit for every aircraft flying between flight level (FL) 290 and 410 (inclusive).

Air Data Systems Market Share: By Region

In terms of regions, North America led the global air data systems market in 2018, and is expected to continue its dominance during the forecast period. The aviation industry is one of the most lucrative industries in North America, with giant aircraft manufacturers, such as Boeing (U.S.), Lockheed Martin (U.S.), Bell Helicopter (U.S.), Sikorsky Aircraft (U.S.), and Bombardier (Canada) present in the region. These manufacturers facilitate in generating demand for air data systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.

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