Aircraft Switches Market

Aircraft Switches Market Overview

The aircraft switches market is anticipated to record a CAGR of 3% during the forecast period, up from US$ 2.48 Bn in 2022 to reach a valuation of US$ 3.33 Bn by 2032.

The sales of aircraft switches are anticipated to rise due to the increasing development of prototyping tools to allow the pre-validation of cockpit functionalities during flight tests to cater to the increasing air traffic. As a result, the demand for aircraft switches is expected to grow significantly from 2022 to 2032. 

Similarly, the growing demand for commercial aircraft safety and low operating costs, as well as the resulting increase in the demand for aircraft switches, is likely to fuel aircraft switches market share during the forecast period. 

Devices designed to monitor and control private, commercial, and military aircraft are known as aircraft switches. Pressure switches, for example, are capable of turning on and off components for flight controls as well as indicators on flight instrumentation. They can be found in hydraulic, engine, and other aircraft systems. Due to these functions, the sales of aircraft switches is rising rapidly, aiding the global aircraft switches market growth.

The rapid advancement of fly-by-wire technology, as well as a strong focus on in-flight entertainment systems, are driving the demand for aircraft switches market between 2022 and 2032. 

Advancements in aircraft switches may increase the sales of aircraft switches, and the demand for reliable, effective, and simple-to-use aircraft switches and buttons. Furthermore, aerospace companies' strong focus on increasing aircraft production rates will have a positive impact on the market landscape for aircraft switches.

What are the Dynamics of the Aircraft Switches Market Share?

According to the World Bank, global per capita income for FY2019 is expected to be 1.62 times that of FY2018, and air travel is highly dependent on regional per capita expenditure. Thus, the sales of aircraft switches are likely to rise, further aiding the aerospace market and the demand for aircraft switches during the forecast period. 

Due to the growing passenger traffic in emerging economies, the commercial segment is expected to account for the majority of the global aircraft switches market share. Another major factor driving demand for aircraft switches is the new phenomenon of this decade, aircraft logistics for the e-commerce industry, which is expected to boost the volume sales of aircraft switches.

In addition, the digitization trend is expected to boost the sales of aircraft switches. Furthermore, the need for high levels of safety and maintenance is expected to propel the aftermarket sales channel, which will, in turn, gain significant traction in the global aircraft switches market share.

On the other hand, the need for frequent and complex maintenance may stifle the growth of the aircraft switches market over the forecast period, causing automatic aircraft switches to lose market share to manual aircraft switches.

Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which Region holds the Highest Growth Potential in the Aircraft Switches Market?

The Asia Pacific region is expected to create significant civil sector opportunities, while America and Europe are expected to gain traction in aircraft switches market. Due to rising military budgets and rising disposable income in emerging economies, the aerospace industry's primary market scope is civil and military sectors.

This factor is expected to generate a sizable aircraft switches market share in Asia Pacific, the Americas, and Europe. By the end of the forecast period, South East Asia's rapidly developing research and development expertise is expected to promise lucrative opportunities in the aircraft switches market.

Who are the Key Players in the Aircraft Switches Market?

Key Players in the global aircraft switches market includes Hydra-Electric Company, Raytheon, ITT Aerospace, TE Connectivity, Eaton Corporation, Ametek, United Technologies Corporation, Unison Industries (General Electric), C&K, Baran Advanced Technologies, Meggitt, Safran, Esterline Technologies (TransDigm Group), Honeywell, and Curtiss-Wright.

Recent Developments

• In 2021, for example, Emirates teamed up with HBO Max to bring a variety of content to its ICE inflight entertainment system.
• In July 2021, C&K offered to acquire E.I.S. Electronics and work together to launch C&K Aerospace, combining E.I.S's EWIS capabilities with C&K's avionics switch and ESCC, MIL, and NASA certified space connector business.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Report Scope