Glass Cockpit is a group of number of display screens which collectively form a display panel in aircraft cockpit. These glass cockpits are also being known as cockpit displays, head down displays (HDD) or electronic flight instrument system (EFIS) displays. The major factors which will drive the glass cockpit market in forecast period is increasing demand of automation of flight controls and boost in efficiency, safety and awareness among the consumers.
MARKET SCOPE
The "Global Glass Cockpit Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Glass Cockpit market with detailed market segmentation by type, display type, application and geography. The report provides key statistics on the market status of the leading Glass Cockpit market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on display type, the market is segmented into primary flight display, backup display, multi-function displays and mission display.
? On the basis of application, the market is segmented as commercial aircrafts and military aircrafts.
? On the basis of type, the market is segmented into cargo aircraft, helicpoter, air transport, fighter aircraft, trainer aircraft, and general aviation
MARKET DYNAMICS
Drivers:
? Increasing demand of new aircraft with enhanced technologies
? Boost in efficiency, safety and awareness among the consumers.
? Increasing demand of automation of flight controls
Restraints:
? Insufficient pilot training for handling glass cockpit displays
? Blackout of display during system failure
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Glass Cockpit market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Glass Cockpit market in these regions
IMPACT OF COVID-19 ON GLASS COCKPIT MARKET
Governments and aviation related businesses across the world are forced to take several stringent measures to contain the spread of the COVID-19 virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different regions are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Since components, such as Glass Cockpits, are vital for the functioning of aircrafts in both military and commercial sectors, the demand for such products for air travel is continue to rise with the re-opening of commercial airlines and critical requirement of military aircrafts.
MARKET PLAYERS
The report covers key developments in the Glass 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Glass Cockpit market are anticipated to lucrative growth opportunities in the future with the rising demand for Glass Cockpit in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Glass Cockpit market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Dynon Avionics
? Garmin International
? Collins Aerospace (a Raytheon Technologies Company)
? Thales SA
? Elbit Systems Ltd.
? Northrop Grumman Corporation
? Aspen Avionics, Inc.
? Honeywell Aerospace, Inc.
? L-3Harris Technologies, Inc
? Astronautics Corporation of America