A digital cockpit or glass cockpit is an aircraft cockpit with electronic (digital) flight instrument displays instead of conventional analog dials and gauges, customarily large LCD screens. While a conventional cockpit relies on multiple mechanical gauges (known as "steam gauges" within aviation circles). To display data, a glass cockpit uses many flight management systems-driven multi-function displays that can be modified to display flight information as necessary. The digital cockpit market is has been consistently growing since the past years and is expected to boost in coming years. Over the last couple of decades, the demand for Digital cockpit has registered strong growth rates with significant CAGR. According to the study, the demand for Digital cockpit is expected to expand more aggressively during the forecast period and with a higher revenue share, may also affect the global economic structure.
MARKET DYNAMICS
The rising proportion of modifications in the cockpit to the current fleet of military is driving the growth of the digital cockpit market. However, lack of exposure in various developing nations may restrain the growth of the digital cockpit market. Furthermore, the enhanced technological developments in technology in aerospace market is further anticipated to create market opportunities for the digital cockpit market during the forecast period.
MARKET SCOPE
The "Global Digital Cockpit Market Analysis to 2028" is a specialized and in-depth study of the digital cockpit market with a special focus on the global market trend analysis. The report aims to provide an overview of digital cockpit market with detailed market segmentation by systems, aircraft type, and geography. The global digital cockpit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital cockpit market players and offers key trends and opportunities in the digital cockpit market.
MARKET SEGMENTATION
The global digital cockpit market is segmented on the basis of systems and aircraft type. On the basis of systems, the market is segmented as multi-functional flight display, primary flight display, engine-indicating, crew-alerting system (EICAS) display, and other systems. Similarly, on the basis of aircraft type, the market is segmented as military Aircraft, commercial aircraft, general aviation Aircraft, and helicopter.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global digital cockpit market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The digital cockpit market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting digital cockpit market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the digital cockpit market in these regions.
MARKET PLAYERS
The reports cover key developments in the digital cockpit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from digital cockpit market are anticipated to lucrative growth opportunities in the future with the rising demand for digital cockpit market. Below mentioned is the list of few companies engaged in the digital cockpit market.
The report also includes the profiles of key digital cockpit market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Astronautics Corporation of America
- Colllins Aerospace, a Raytheon Technologies company
- Elbit Systems Ltd.
- Esterline Technologies Corporation
- Garmin Ltd.
- Honeywell International
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Safran
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.