Aircraft Switches Market size is projected to witness appreciable gains over 2023-2032, on account of the increasing popularity of connectivity-enabled experiences during flights. Airlines are enhancing efforts to create enhanced flying experiences since inflight connectivity is one of the prominent factors influencing passengers’ interest in an airline.
This rising emphasis on in-flight entertainment and connectivity will augment the usage of aircraft electrical switches and other control units.
Aircraft switches refer to a control system designed to open and close circuits and electric systems. Airplanes contain multiple switches, including aircraft pressure switches, to control electrical contact through pressure by leveraging pressurized gas or fluid. Traditional aircraft grade switches also feature integrated buttons and other input mechanisms, when engaged, will monitor and control circuits.
A prominent trend contributing to the aircraft switches market growth is the rapid advancement in fly-by-wire technologies. In addition, the strong focus on accelerating aircraft deliveries and the development of aircraft prototyping tools will characterize industry trends.
Cockpit will become a lucrative application segment for the aircraft switches industry by 2032, due to the innovation of business jet cockpit and cabin systems. For example, the entry of Service of Challenger 3500 aircraft of Bombardier in September 2022 marked an era of innovation in the cockpit and cabin systems, including a voice-control cabin management system. Moreover , the high emphasis on increasing passenger and freighter aircraft will also drive the requirement for switches in cockpits.
Aircraft switches market value from the manual type segment will observe an upsurge over the coming years, which can be credited to the growing demand for in-flight entertainment. The rise in competition has influenced airlines to position in-flight entertainment services as key differentiators. Furthermore, the high acceptance of interactive content over traditional seat-based static content will also escalate the use of manual electromechanical switches.
Europe is anticipated to account for a commendable share of the aircraft switches industry from 2023 to 2032, considering the continued aircraft business expansion. For instance, in April 2022, Cirrus Aircraft announced its global expansion with investment in the Netherlands and France locations to address the growing customer demand. Likewise, the surging procurement of military aircraft and the strong focus on premium aircraft delivery will proliferate the adoption of aircraft switches and buttons in the region.
The competitive landscape of the global aircraft switches market consists of firms such as Curtiss-Wright, United Technologies Corporation, Esterline Technologies (TransDigm Group), TE Connectivity, Honeywell, Safran, Hydra-Electric Company, Meggitt, Ametek, Eaton Corporation, ITT Aerospace, Raytheon, Baran Advanced Technologies, and Unison Industries (General Electric), among others. These companies are integrating strategies such as product developments to reinforce their market presence.
Airfare inflation continues to hit consumers and tourists across the globe. Based on CPI data from the Bureau of Labor Statistics, in March 2022, airfares rose by 0.8%, twice as fast as the rate for other items. These factors may have asserted a negative influence on the aviation industry. Despite soaring prices, Americans, however, are not hesitating to book a trip, which is likely to hasten commercial aircraft production and boost the need for aircraft switches.