Market Size of Aircraft Cockpit Systems Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 83.57 Billion |
| Market Size (2029) | USD 102.98 Billion |
| CAGR (2024 - 2029) | 4.27 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aircraft Cockpit Systems Market Analysis
The Aircraft Cockpit Systems Market size is estimated at USD 83.57 billion in 2024, and is expected to reach USD 102.98 billion by 2029, growing at a CAGR of 4.27% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant effect on the aircraft cockpit systems market. The onset of COVID-19 led to lockdowns in various countries, and this led to restrictions in terms of travel or trade between countries, leading to shortages in the end components for manufacturing aircraft cockpit systems and delays in terms of manufacturing of the end product by the original equipment manufacturers (OEMs). Moreover, the pandemic led to supply chain disruptions and production-related issues in the military aircraft segment.
On the other hand, though the orders and deliveries of general aviation aircraft witnessed a decline in 2020 compared to 2019, there is a growth in demand for helicopters and business jets to transport medical supplies, cargo charter operations, and VIP transport. This is expected to help the growth of the aircraft cockpit systems market.
Though there were supply chain disruptions and production-related issues in the military aircraft segment, military aircraft demand has not been affected as countries did not postpone or cancel their procurements due to the criticality and tactical importance of the requirements. Thus, the advancement in terms of manufacturing aircraft cockpit systems using advanced technologies will lead to the growth of the aircraft cockpit systems market during the forecast period.
