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Asia Pacific Aircraft Computers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Type, Platform, and Fit Type

Asia Pacific Aircraft Computers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Type, Platform, and Fit Type

  • July 2022
  • 162 pages
  • ID: 6316675
  • Format: PDF
  • The Insight Partners

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The aircraft computers market in APAC is expected to grow from US$ 1,239.57 million in 2022 to US$ 1,767.46 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

Boeing has received ~300 orders for the new generation of the 777 family.Furthermore, it is likely to boost its production rate to 64 aircraft per month by the second quarter of 2023, 70 aircraft per month by the first quarter of 2024, and 75 aircraft per month by 2024.

In May 2022, Qantas confirmed its order for 12 units of Airbus A350-1000 for its ultra-long-haul Project Sunrise initiative.Further, as per the Commercial Market Outlook 2021–2040, published by Boeing, it expects to deliver a total of 43,610 aircraft, including 2,390 regional jets, 32,660 single-aisle aircraft, 7,670 widebody aircraft, and 890 freighter deliveries, in the next 20 years.

Thus, the pipeline of aircraft deliveries is likely to present potential growth opportunities for the aircraft computers market players during the forecast period.

Further, connected electronic modules help aviation operators with new methods for acquiring, transmitting, and analyzing critical data of flight operations and aircraft system maintenance.In February 2022, Collins Aerospace developed a new power module to support open architecture applications such as mission computers, signal processors, aircraft communication, and radar systems.

In addition, in February 2022, Microchip Technology Inc. developed BL1, BL2, and BL3 SiC-based baseless power modules for the aerospace industry in collaboration with Clean Sky, a joint consortium of the APACan Commission (EC) and industry. These modules enable more efficient, lighter, and compact power conversion and engine drive systems in next-generation aircraft electrical systems. In February 2022, Mercury Systems, Inc. announced FIOVU-2180 and CIO10-2080 6U OpenVPX avionics modules. It is ideally suited for mission-critical applications such as platform management, flight computing, and artificial intelligence (AI). Thus, the growing penetration of electronic modules in the aircraft industry is further providing promising growth opportunities for the aircraft computers market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets.This factor is likely to drive the APAC aircraft computers market.

The APAC aircraft computers market is expected to grow at a good CAGR during the forecast period.

APAC Aircraft Computers Market Revenue and Forecast to 2028 (US$ Million)

APAC Aircraft Computers Market Segmentation

The APAC aircraft computers market is segmented into component, type, platform, fit type, and country.Based on component, the market is segmented into hardware and software.

The hardware segment accounted for a larger market share in 2021.In terms of type, the market is segmented into flight controls, utility controls & IFE Systems, engine controls, mission computers, and flight management computers.

The flight controls segment accounted for the largest share of the market in 2021.Based on platform, the market is categorized into fixed wing, rotary wing, and unmanned aerial vehicles (UAVs).

The fixed wing segment dominated the market in 2021. In terms of fit type, the market is categorized into line fit and retrofit. The line fit segment accounted for a larger share in 2021. Based on country, the APAC aircraft computers market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

BAE Systems; Garmin Ltd.; General Dynamics Mission Systems, Inc.; General Electric; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon Technologies; SAAB AB; Safran Group; and Thales Group are among the leading companies in the APAC aircraft computers market.

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