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Aircraft Interface Device Market Growth Opportunities and Industry Trends - Yahoo Finance

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MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The Aircraft Interface Device Market by End-Use (Fixed Wing, Rotary Wing), Fit (Line Fit, Retrofit) Aircraft Type, Connectivity, and Region (North America, APAC, Europe, Middle East, Africa, Latin America) ", The market is driven by various factors, such as an increase in demand for real-time aviation analytics and a growing need for situational awareness.

 Aircraft Interface Device Key Market Players

  • Collins Aerospace (US),

  • Thales SA (France),

  • The Boeing Company (US),

  • Astronics Corporation (US), and

  • Elbit Systems Ltd (Israel).

Aircraft Interface Device Market Dynamics

Driver: Increase in Demand for Real-Time Aviation Analytics

Real-time analytics is a new trend in the aviation analytics market. The use of real-time predictive solutions across verticals is expected to grow at a significant rate in the future, owing to the need for efficient business environments with optimum operational profitability. Real-time analytics enable enterprises to respond quickly and accurately to opportunities and emerging problems to ensure smooth operations. Real-time analytics not only offer flexibility but also help airlines in improving their flight operations by increasing fuel efficiency, enhancing flight risk management, and reducing unscheduled downtime significantly.

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Restraint: Certification From Regulatory Bodies and Regulations Associated With Airworthiness

Certificate clearance of an aircraft interface device is a major restraint for this market. The AID needs to be certified by the Federal Aviation Administration (FAA) and the International Civil Aviation Organization (ICAO) prior to its installation in an aircraft system. It is required to comply with the durability standards, structural design standards, and environmental standards before its installation. Thus, trials are carried out before certifying an AID.

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Opportunity: Benefits Associated With Advanced in-Flight Entertainment Services

Currently, the use of most of aircraft interface devices is limited to connecting electronic fight bags of class 2 & 3 in airlines and aircraft; these devices can also connect with standard avionics systems like flight management system (FMS), GNSS, and IRS so that moving maps and E-Tech logs can be accessible to pilots. Inflight entertainment benefits associated with aircraft interface device has immense potential and opportunities.

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Challenge: Cybersecurity Issues With Wireless Devices

Airlines using wireless aircraft interface device are vulnerable to cyber-attacks. Thus, the protection of the EFB data is a major concern for airlines. It is challenging to manage risks associated with cybersecurity in the aviation industry as it is majorly handled by IT. The aviation industry is highly e-enabled. According to the MarketsandMarkets analysis, 40% of airlines fail to have an active EFB cybersecurity plan.

The aviation industry relies extensively on the avionic system for both ground and flight operations. The security of the airline systems can directly impact the operational safety and efficiency of the industry.

Related Reports:

Avionics Market by System (Navigation, Payload & Mission Management, Traffic & Collision Management, Communication, Power & Data Management, Weather Detection, Flight Management, Electronic Flight Display), Fit, Platform & Region - Global Forecast to 2027

https://www.marketsandmarkets.com/Market-Reports/commercial-avionic-system-market-138098845.html

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