Aircraft Switches Market Size is expected to witness a major upsurge from 2022 to 2028, due to the rising development of prototyping tools to allow the pre-validation of cockpit functionalities during flight tests to cater to the increasing air traffic. Likewise, the escalating demand for safety and low operating costs of commercial aircraft and the subsequent rise in the need for switches that are reliable and accurate will further augment industry growth in the upcoming years. Aircraft switches refer to devices designed to monitor and control private, commercial, and military aircraft. Pressure switches, for example, can be used in hydraulic, engine, and other aircraft systems, and are capable of turning on and off components for flight controls as well as indicators on flight instrumentation.
Rapid advancement in fly-by-wire technology and the high emphasis on in-flight entertainment systems are the key factors fostering the aircraft switches market over 2022-2028. For instance, in 2021, Emirates collaborated with HBO Max to bring various content to its ICE inflight entertainment system. Developments such as these could proliferate the need for reliable, effective, and easy-to-use aircraft switches and buttons. In addition, the strong focus of aerospace companies on increasing aircraft production rates will also assert a positive influence on the aircraft-grade switches business landscape.
Based on application, the aircraft switches market from the cockpit segment is set to record a high revenue by 2028. Growth from this segment can be credited to the presence of crucial switches and buttons, including gear lever and passenger oxygen, in this compartment. In addition, the increased deployment of modern cockpit concepts, including advances in auditory displays for improved aircraft monitoring, will also amplify segmental expansion over the years ahead.
Considering platform, the rotary wing segment will amass considerable gains over the estimated timeline. This is a result of the consistent development of rotary-wing military aircraft for the future battlefield and the potential rise in demand for specially engineered switches with high-pressure sensitivities and vibration tolerances.
Regionally, the Europe aircraft switches market is poised to exhibit a strong growth rate through 2028, driven by the significant expansion of aerospace businesses across the region. According to the International Trade Administration, the UK civil aerospace turnover was around $34.8 billion in total in 2020. Such factors, coupled with the escalating procurement of military aircraft, is also likely to generate growth opportunities for the regional market in the upcoming years.
The competitive landscape of the aircraft switches market comprises companies such as Unison Industries (General Electric), C&K, Baran Advanced Technologies, Hydra-Electric Company, Raytheon, ITT Aerospace, TE Connectivity, Eaton Corporation, Ametek, United Technologies Corporation, Meggitt, Safran, Esterline Technologies (TransDigm Group), Honeywell, and Curtiss-Wright, among others. These firms are focusing on new product launches, mergers, acquisitions, and business expansions to strengthen their presence in the competitive market. For instance, in July 2021, C&K entered a deal to acquire E.I.S. Electronics and collaboratively launch a new division known as C&K Aerospace through the combination of EWIS capabilities of E.I.S with C&K’s avionics switch and ESCC, MIL and NASA certified space connector business.
The devastating impact of the novel coronavirus pandemic has shuttered the production lines across the aviation and aerospace industry over the past year. The decline in passenger traffic and demand subsequently led to the retirement of aircraft worldwide during the peak of the crisis. Factors such as these may have posed a hindrance to the aircraft switches industry in recent months. However, the significant increase in military spending and the gradual recovery of aircraft production may help the industry regain traction over the forthcoming years. Airbus SE, for example, increased its production rate from 40 per month to 45 in the fourth quarter of 2021, which could fuel the adoption of switches for aircraft.
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The above information is provided on a regional and country basis for the following: