Key Market Dynamics:
- Market Driver
- The renovation and improvement of commercial aircraft cabin designs are one of the primary reasons driving the global aircraft switches market growth. The emergence of low-cost airlines transformed the dynamics of the global air transport sector, according to the International Civil Aviation Organization (ICAO), with low-cost carriers (LCCs) transporting an expected 2 billion passengers in 2021.
- Furthermore, various airline companies offer advanced features in their cabin interiors, such as in-flight entertainment, Internet connectivity, reconfigurable seats, and mood lighting in premium economy class, which is comparable to business class, resulting in a demand for more new switches for functions such as controlling lights. As a result, such factors are likely to aid market expansion throughout the forecast period.
- Market Challenges
- The delay in aircraft delivery is one of the major obstacles to the worldwide airplane switches market's growth. Any delays in aircraft delivery can have a negative impact on future procurement and contracts, potentially resulting in significant losses for aircraft switch makers. Commercial airline operators and other Boeing customers have started rejecting deliveries or renegotiating corporate concessions as a result of this. As a result, such constraints will limit the market's expansion throughout the forecast period.
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The aircraft switches market report is segmented by End-user (OEM and Aftermarket) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa). Europe will be the leading region with 34% of the market's growth during the forecast period. The US, Canada, China, France, and Germany is the key market for aircraft switches in Europe. In Europe, France and Germany are the most important marketplaces for Aeroplan swaps. The market in this area will increase at a quicker rate than the markets in North America and MEA.
Another prospective market for aircraft swaps is North America. Over the projected period, the booming aviation industries in countries such as the United States and Canada would aid the expansion of the aircraft switches market in North America.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
- AMETEK Inc.
- Barantec Inc.
- C and K COMPONENTS LLC
- Curtiss Wright Corp.
- Eaton Corp. Plc
- General Electric Co.
- Honeywell International Inc.
- Hydra Electric Co.
- ITT Inc.
- Parker Hannifin Corp.
- Raytheon Technologies Corp.
- Safran SA
- TE Connectivity Ltd.
- TransDigm Group Inc.
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Aircraft Switches Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist aircraft switches market growth during the next five years
- Estimation of the aircraft switches market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft switches market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft switches market vendors
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Aircraft Switches Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.47% |
Market growth 2022-2026 |
$ 392.09 million |
Market structure |
Fragmented |
YoY growth (%) |
3.38 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, Canada, China, France, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AMETEK Inc., Barantec Inc. , C and K COMPONENTS LLC, Curtiss Wright Corp., Eaton Corp. Plc, General Electric Co., Honeywell International Inc., Hydra Electric Co., ITT Inc., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, TE Connectivity Ltd., and TransDigm Group Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 OEM - Market size and forecast 2021-2026
- Exhibit 28: Chart on OEM - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on OEM - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on OEM - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on OEM - Year-over-year growth 2021-2026 (%)
- 5.4 Aftermarket - Market size and forecast 2021-2026
- Exhibit 32: Chart on Aftermarket - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Aftermarket - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Aftermarket - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Aftermarket - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by End-user
- Exhibit 36: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 France - Market size and forecast 2021-2026
- Exhibit 66: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 AMETEK Inc.
- Exhibit 89: AMETEK Inc. - Overview
- Exhibit 90: AMETEK Inc. - Business segments
- Exhibit 91: AMETEK Inc. - Key offerings
- Exhibit 92: AMETEK Inc. - Segment focus
- 10.4 Curtiss Wright Corp.
- Exhibit 93: Curtiss Wright Corp. - Overview
- Exhibit 94: Curtiss Wright Corp. - Business segments
- Exhibit 95: Curtiss Wright Corp. - Key offerings
- Exhibit 96: Curtiss Wright Corp. - Segment focus
- 10.5 Eaton Corp. Plc
- Exhibit 97: Eaton Corp. Plc - Overview
- Exhibit 98: Eaton Corp. Plc - Business segments
- Exhibit 99: Eaton Corp. Plc - Key news
- Exhibit 100: Eaton Corp. Plc - Key offerings
- Exhibit 101: Eaton Corp. Plc - Segment focus
- 10.6 Honeywell International Inc.
- Exhibit 102: Honeywell International Inc. - Overview
- Exhibit 103: Honeywell International Inc. - Business segments
- Exhibit 104: Honeywell International Inc. - Key news
- Exhibit 105: Honeywell International Inc. - Key offerings
- Exhibit 106: Honeywell International Inc. - Segment focus
- 10.7 ITT Inc.
- Exhibit 107: ITT Inc. - Overview
- Exhibit 108: ITT Inc. - Business segments
- Exhibit 109: ITT Inc. - Key offerings
- Exhibit 110: ITT Inc. - Segment focus
- 10.8 Parker Hannifin Corp.
- Exhibit 111: Parker Hannifin Corp. - Overview
- Exhibit 112: Parker Hannifin Corp. - Business segments
- Exhibit 113: Parker Hannifin Corp. - Key news
- Exhibit 114: Parker Hannifin Corp. - Key offerings
- Exhibit 115: Parker Hannifin Corp. - Segment focus
- 10.9 Raytheon Technologies Corp.
- Exhibit 116: Raytheon Technologies Corp. - Overview
- Exhibit 117: Raytheon Technologies Corp. - Business segments
- Exhibit 118: Raytheon Technologies Corp. - Key news
- Exhibit 119: Raytheon Technologies Corp. - Key offerings
- Exhibit 120: Raytheon Technologies Corp. - Segment focus
- 10.10 Safran SA
- Exhibit 121: Safran SA - Overview
- Exhibit 122: Safran SA - Business segments
- Exhibit 123: Safran SA - Key offerings
- Exhibit 124: Safran SA - Segment focus
- 10.11 TE Connectivity Ltd.
- Exhibit 125: TE Connectivity Ltd. - Overview
- Exhibit 126: TE Connectivity Ltd. - Business segments
- Exhibit 127: TE Connectivity Ltd. - Key offerings
- Exhibit 128: TE Connectivity Ltd. - Segment focus
- 10.12 TransDigm Group Inc.
- Exhibit 129: TransDigm Group Inc. - Overview
- Exhibit 130: TransDigm Group Inc. - Business segments
- Exhibit 131: TransDigm Group Inc. - Key offerings
- Exhibit 132: TransDigm Group Inc. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 133: Inclusions checklist
- Exhibit 134: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 135: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 136: Research methodology
- Exhibit 137: Validation techniques employed for market sizing
- Exhibit 138: Information sources
- 11.5 List of abbreviations
- Exhibit 139: List of abbreviations
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