Aircraft Switches Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aircraft Switches Market is segmented by Application (Commercial, Military, and General Aviation) and Geography.

Market Snapshot

Aircraft Switches Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >3 %

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Market Overview

The aircraft switches market is projected to register a CAGR of more than 3% during the forecast period.

  • The increasing production and deliveries of aircraft, mainly in the commercial sector, are generating demand for aircraft switches globally.
  • Growing demand for advanced IFEC systems and the inclusion of more interactive systems in the IFEC are also generating demand in the aircraft switches market. 

Scope of the Report

The report includes the following aspects:

Application
Commercial
Military
General Aviation
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle-East and Africa

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Key Market Trends

The Commercial Segment is Expected to Dominate the Market in the Years to Come

Based on the application, the commercial segment is expected to dominate the market in the years to come. The increasing use of IFEC systems in commercial aircraft and the growing procurement of these aircraft are the main growth drivers for the segment. With the increasing cabin sophistication to suit the tastes of the customers, the use of switches has increased over the years. They are used in the cabin for controlling the IFEC systems, lighting, and calling cabin crew, among other purposes. Compared to military and general aviation aircraft, the number of switches in a commercial aircraft is more. The use of switches in the cockpits of commercial aircraft is more compared to general aviation aircraft, while military aircraft do not have as many switches in the cabin as compared to commercial aircraft. Another major factor for the domination of the commercial aircraft segment is the high rate of production of the commercial aircraft, due to the growing demand from airlines. For instance, Airbus reached a production target of 60 aircraft per month for its A320 family of aircraft in 2019, and it plans to further increase the rate to 63 aircraft per month by 2021. With the increase in aircraft production, it is expected that the demand for aircraft switches may also increase, thus, the segment is expected to dominate in the market.

Aircraft Switches_segment

Asia-Pacific is Projected to Grow with the Highest CAGR During the Forecast Period

The market for aircraft switches is projected to grow with the fastest CAGR in the Asia-Pacific region. The region is projected to generate the highest demand for aircraft globally, by virtue of the increasing passenger traffic in the region that is making the airlines to procure new aircraft. By the end of the forecast period, the region is projected to become the largest aviation market, primarily due to the demand from emerging economies, like China and India. By 2025, the countries are projected to become two of the top three largest markets for commercial aviation in the world. Significant demand is also being generated by countries, like Japan and Indonesia, among others. Due to this, the deliveries of commercial aircraft have increased in the region to the extent that it will share around one-third of aircraft deliveries globally, in the next five years. Even in the military sector, with the increasing territorial conflicts in the region, countries are increasing their military aircraft strength either by indigenous production or by procurement. Thus, the production of indigenous military aircraft, combined with the procurement of new aircraft, is expected to generate huge demand for aircraft switches for the military aircraft in the years to come in the region. All these factors are projected to increase the market for aircraft switches in the region in the years to come.

Aircraft Switches_geography

Competitive Landscape

Safran SA, Honeywell International Inc., Collins Aerospace (United Technologies Corporation), Eaton Corporation, and Electro-Mech Components Inc. are some of the prominent players in the market. An aircraft has a lot of switches of various types and sizes. Suppliers of these switches are different, and thus, each aircraft has a handful of switch suppliers, making the market fragmented. Players in the market are tailoring their product offerings to the requirements of aircraft manufacturers to gain new contracts. For instance, back in October 2016, Electro-Mech’s SW45023 exit lamp door switch was approved by Airbus for installation in Airbus A350 aircraft. The design of the switches is in line with several design requirements as specified in the Airbus drawing specifications. Even in smaller components, like switches, customers are preferring lightweight product offerings, as weight reduction may also reduce the overall weight of the aircraft. Hence, the players are trying to produce switches that are lightweight but still offer good durability and functionality. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial

      2. 5.1.2 Military

      3. 5.1.3 General Aviation

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 Germany

        3. 5.2.2.3 France

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Mexico

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 United Arab Emirates

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Egypt

        4. 5.2.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Safran SA

      2. 6.2.2 Electro-Mech Components Inc.

      3. 6.2.3 Honeywell International Inc.

      4. 6.2.4 Collins Aerospace (United Technologies Corporation)

      5. 6.2.5 Eaton Corporation

      6. 6.2.6 AMETEK Inc.

      7. 6.2.7 TE Connectivity

      8. 6.2.8 C&K

      9. 6.2.9 Esterline Technologies

      10. 6.2.10 ITT Inc.

      11. 6.2.11 Unison Industries LLC

      12. 6.2.12 Hydra-Electric Company

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Switches Market market is studied from 2018 - 2026.

The Aircraft Switches Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Safran SA, Honeywell International Inc., Collins Aerospace (United Technologies Corporation), Eaton Corporation, Electro-Mech Components Inc. are the major companies operating in Aircraft Switches Market.

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