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    Aircraft Cockpit Control Panels Market Report

    Aircraft Cockpit Control Panels Market Report
    Report code - SR1290 Published On : Nov,2021 No. of Pages: 145
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    Aircraft Cockpit Control Panels Market Size, Share, Trend, Forecast, Competitive Analysis, See more...

    Impact of COVID-19 on Aircraft Cockpit Control Panels Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Cockpit Control Panels Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Cockpit control panel can be defined as the integration of wires, connectors, switches, and many others which acts as a commanding house of the aircraft and controls everything from speed, altitude, vertical speed, vertical navigation, lateral navigation to even AC temperature and lighting of the aircraft.

    For the previous 16 years, the aviation industry had been booming. However, the grounding of the B737 Max across regions in 2019 put a halt to the industry's rapid growth, with a particularly negative impact on the North American market. The sudden outbreak of the Covid-19 pandemic exacerbated industry challenges, resulting in several bankruptcies, massive COVID-related costs resulting in negative cash flows, and supply-chain disruption. The aircraft cockpit control panel market could not escape from these challenges and witnessed a sharp plunge of -29.4% in 2020. This has compelled all major industry players to realign their strategies in order to maintain liquidity to face current market challenges and meet future demand.

    Nonetheless, the aircraft industry is expected to recover sooner rather than later, owing to strong industry fundamentals and a track record of crisis management. The resumption of aircraft deliveries, lifting of the grounding order for the B737 Max, and an increase in the production pace of key programs, such as A320, are pointing towards signs of recovery. The market for aircraft cockpit control panels is likely to follow the suit and is expected to grow at a robust 8.2% CAGR over the next five years to reach an estimated value of US$ 1.2 billion in 2026.

     

    Market Segments' Analysis

    Based on the platform type, the aircraft cockpit control panel market is segmented into commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopters. Despite being the hardest hit segment by the COVID-19, commercial aircraft is likely to remain the largest as well as the fastest-growing segment of the market during the forecast period. Boeing and Airbus have an order backlog of 5,058 and 6,893 aircraft at the end of September 2021, respectively. This vast pile of commercial aircraft order backlogs will allow both airframers to continue rolling out aircraft for the next eight to 10 years, based on current build rates. Future aircraft programs, such as C919, B777X, and MC-21, are likely to strengthen the market growth in the near future.

    Based on the application type, the aircraft cockpit control panel market is segmented as Lighting Control & Illuminated Panel, Control & Switch Panel, Audio Control Panel, and Others. Control & Switch Panel held the dominant position in 2020 and is expected to heal at the healthiest pace during 2021-2026. Lighting Control & Illuminated Panel is likely to witness the highest growth during 2021-2026. The addition of illumination to the control panel has eased to work in the cockpit. It just lits up in the situation of seeking the pilot’s attention, making the job of pilots easy.

    In terms of regions, North America is expected to remain the largest market for aircraft cockpit control panels during the forecast period, owing to the presence of a large number of OEMs, tier players, and control panel suppliers. Asia-Pacific is expected to witness the highest growth during the forecast period. Increasing aircraft fleet to support rising passenger traffic, the opening of assembly plants by Boeing and Airbus in China for multiple programs, increased production and procurement of military aircraft due to rising defense budgets and growing territorial disputes among key economies, and the upcoming indigenous aircraft program C919 are all great signs for the aerospace industry in Asia-Pacific.

    Key Players

    The key players in the aircraft cockpit control panel market are

    • Collins Aerospace
    • Honeywell International Inc.
    • Groupe Latécoère
    • Astronics Corporation
    • Thales Group
    • Firan Technology Group Corp. (FTG)
    • EDN Aviation Inc.
    • SKALARKI electronics Ltd.
    • Safran S.A.

    The key players are shifting their focus towards rebuilding their short-term and long-term strategies in order to battle the current distressing time. However, the development of customized solutions and a continuous drive towards high-performance solutions have been the key strategies adopted by the major players to gain a competitive edge in the market.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft cockpit control panels market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft cockpit control panels market is segmented into the following categories. 

    Aircraft Cockpit Control Panel Market, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

    Aircraft Cockpit Control Market, by Application Type

    • Lighting Control & Illuminated Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Control & Switch Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Audio Control Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

    Aircraft Cockpit Control Panel Market, by Component Type

    • Acrylic Body (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paint (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Connectors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Embedded Wiring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lamps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Common Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LEDs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resistors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Indicators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

    Aircraft Cockpit Control Panel Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

    Aircraft Cockpit Control Panel Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Aircraft Cockpit Control Panels market is estimated to grow at a CAGR of 8.2% by 2026.

    Collins Aerospace, Honeywell International Inc., and Groupe Latcore are the leading players in the Aircraft Cockpit control panel market.

    North America is estimated to remain dominant in the Aircraft Cockpit Control Panels market in the foreseen future.

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