Air Data Systems Market Trends

Statistics for the 2023 & 2024 Air Data Systems market trends, created by Mordor Intelligence™ Industry Reports. Air Data Systems trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Air Data Systems Industry

Commercial Segment Holds Highest Shares in the Market

The commercial segment held the highest shares in the market and continued its domination during the forecast period. The growth is attributed to the increasing air traffic, rising demand for new aircraft, and growing expenditure on the aviation sector. According to the International Air Transport Association (IATA), the overall air passenger number will reach 4 billion in 2024. Furthermore, as per the Boeing Company's Commercial Market Outlook 2023-2042, there will be a demand for more than 42,000 new commercial aircraft, both passenger and cargo aircraft, during the next two decades.

The commercial aviation sector witnessed substantial growth in 2022, driven by a rapid rise in air passenger traffic, which resulted in both Airbus and Boeing Company, two of the largest aircraft OEMs, recording significant increases in orders from airlines operating across the globe. In 2022, Airbus delivered a total of 661 commercial aircraft to 84 customers and registered 1,078 gross new orders. The Boeing Company delivered a total of 480 commercial airplanes. The recertification of the Boeing B737 MAX models caused a resurgence in the demand for the Boeing B737 MAX family of aircraft. On this note, in 2022, the Boeing Company received a total of 561 orders for Boeing B737 MAXs. During the same timeframe, the Boeing Company also received orders for 213 widebodies and 78 freighters, including 50 orders for the B777-8 freighters. Thus, growing deliveries of commercial aircraft and the increasing number of new aircraft orders are driving the growth of the market.

Air Data Systems Market: Airbus and Boeing Aircraft Deliveries (Units), 2018-2022

Asia-Pacific to Experience the Highest Growth during the Forecast Period

The Asia-Pacific region is expected to experience a high growth rate during the forecast period. The primary driver for the growth of the market is the increasing procurement of commercial aircraft from countries like China, India, Indonesia, Vietnam, and Thailand. The increasing air traffic in the region forced the commercial airlines to expand their fleet by procuring new-generation aircraft. For instance, in November 2022, seven leasing companies signed a contract with the Commercial Aircraft Corporation of China (COMAC) for the procurement of 300 new C919 planes and 30 ARJ21 aircraft. 

Similarly, in February 2023, Air India announced its plans to procure 470 new aircraft from Airbus and the Boeing Company as part of its fleet expansion plans. The airline announced procuring 210 Airbus A320neo, 40 Airbus A350s, 190 Boeing B737 MAXs, 20 Boeing B787s, and 10 Boeing B777X.

On the other hand, the countries in the region are also procuring new military aircraft. China is investing heavily in the development and deployment of advanced fighter aircraft while also expanding its operational capabilities with respect to AEW&C and bomber aircraft. Japan is buying substantial numbers of F-35A fighters to replace its aging F-4 fleet, while South Korea is focused on adding both indigenous (KF-X) and foreign-made aircraft (F-35A) to its fleet. Thus, the growing procurement of new aircraft is creating a demand for air data systems, thereby propelling the growth of the market.

Air Data Systems Market - Growth Rate by Region (2023 - 2028)

Air Data Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)