From GlobeNewswire: 2024-08-05 09:15:00

The Global Aircraft Computers Market is projected to grow from USD 4958 million in 2023 to USD 7155 million by 2033, with a CAGR of 3.74%. Key factors driving growth include increased demand for modern avionics systems, technological advancements, and rising usage of unmanned aerial vehicles. The market value chain involves raw material suppliers, manufacturers, integrators, OEMs, regulatory organizations, and specialized service providers.

The market offers opportunities for sophisticated avionics and digital technologies adoption, driven by expanding commercial aviation, integration of AI and machine learning, and growing UAV usage. Initiatives for sustainable aviation and greener technologies also support the development of novel aircraft computer solutions. Collaboration between technology firms and aerospace companies can accelerate progress in the industry.

Insights by type show that the flight controls segment holds the largest market share, benefiting from advancements in fly-by-wire technology and increased aircraft manufacturing and modernization. The unmanned aerial vehicle segment leads in platform type, driven by improved capabilities in surveillance, reconnaissance, and agricultural monitoring. The aftermarket segment dominates end-user analysis, fueled by the need for updating existing aircraft to meet safety and performance standards.

North America is poised to dominate the Aircraft Computers Market from 2023 to 2033, driven by modernization efforts in commercial and military fleets and emphasis on safety and efficiency. The region’s advanced avionics systems, including next-gen flight control and navigation systems, are widely adopted. Asia Pacific is forecasted to experience the fastest growth, supported by investments in aviation infrastructure and growing air travel demand, especially in emerging economies like China and India.



Read more at GlobeNewswire: Global Aircraft Computers Market Size To Worth USD 7155