Market Size of Aircraft Switches Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.52 Billion |
| Market Size (2029) | USD 2.97 Billion |
| CAGR (2024 - 2029) | 3.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Switches Market Analysis
The Aircraft Switches Market size is estimated at USD 2.52 billion in 2024, and is expected to reach USD 2.97 billion by 2029, growing at a CAGR of 3.34% during the forecast period (2024-2029).
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. The demand for IFEC is increasing due to the replacement of traditional backseat screens with restricted entertainment content in favor of personalized models.
The new generation of military and commercial aircraft includes human-machine interface (HMI) designs that can increase automation and reduce a pilot's workload. The demand for the replacement of conventional switching technologies is being driven by aircraft digitization. In the cockpit, there is a high demand for pushbutton switches that use light-emitting diodes. In addition, new-generation aircraft cockpits are integrated with digital data bus interfaces, and therefore, demand for low-profile LED pushbutton switches is increasing.
The increase in demand for lighter aircraft led to an increased interest in the use of fly-by-wire systems on airplanes. Fly-by-wire is a system of flight control systems that uses processors for the management of inputs on autopilot or automatic pilot controls. It transmits electrical signals to the flight control actuators by means of an electronic switch. The growth of the aircraft switching market is expected to be stimulated by a growing demand for installing fly-by-wire systems in new aircraft.
