Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Air Data Systems Market, The Global Air Data Systems Market was valued at around USD 1.2 billion during 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-30. Along with this, the market is estimated to grow at a CAGR of around 6.5% during the forecast period. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Air Data Systems Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- Market Size in 2022: USD 1.2 billion
- CAGR (2024-2030): 6.5%
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Global Air Data Systems Market Segmentation Breakdown:
The Air Data Systems Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Components
- Electronic Unit
- Sensors
- Probes
- By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- Business Jet
- Fighter Aircraft
- Military Transport Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicle (UAV)
Narrow Body Aircraft is presumed to grab the potential share of the Air Data Systems Market in the forecast years.
- By End User
- Civil
- Military
The Civil segment captures the dominating share of the Air Data Systems Market and is speculated to witness tremendous growth in the upcoming years as well.
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
The Asia-Pacific region is projected to have a high growth rate during the estimated period due to the high demand for air data systems in military aviation and commercial sectors.
MarkNtel Advisors Highlights Key Market Drivers for Air Data Systems Market:
Expanding Aerospace Industry & Growing Adoption of UAVs to Fuel the Market Growth – The increasing aviation industry accounts for instigating investments by the prime players, thus boosting the demand for air data systems and contributing to propelling the overall air data system market. The surge in a wide variety of aircraft for commercial use with advanced technology & high capacity supports the market size. Furthermore, government agencies in several countries are also investing in the aviation industry & encouraging the implementation of different purposes around the globe. In unmanned aerial vehicles (UAVs), the air data systems allow operators to improve & manage the fleet in the air.
Hence, the demand for air data systems is advancing due to the enhanced performance prominence of the aircraft & the decrease in data entry errors. They assist in evaluating & monitoring environmental factors that affect flight performance & inform the pilots in case of threshold. In line with this, the growing adoption of UAVs in military & commercial sectors further assists in driving the Air Data Systems Market in the upcoming years.
A Comprehensive Analysis of Leading Companies in Global Air Data Systems Market
- Aeroprobe Corporation
- Shadin Avionics
- Meggitt PLC
- Thommen Aircraft Equipment
- United Technologies Corporation
- Financial Highlights
- Honeywell International Inc.
- Rockwell Collins, Inc.
- Ametek Inc.
- Others
Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/air-data-systems-market.html
Air Data Systems Market Recent Development:
- 2023: Parker Meggittentered into a partnership with Airbus to produce an e-buffer (energy buffer) in support of the ZEROe aircraft demonstrator.
What are the growth Challenge driving the Global Air Data Systems Market?
High Cost Associated with Small & Medium UAVs Air Data Systems to Hinder Market Growth
The higher costs associated with air data systems for small & medium airliners or UAVs are likely to hamper the market growth during the predicted period. The manufacturing of air data systems for small & medium-sized aircraft, along with the unattainability of advanced technologies associated with products in under-emerged economies, are intended to impede the Air Data Systems Market in the years ahead.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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