AIR DATA INDICATOR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The global air data indicator market has been gaining significant traction over the recent years owing to the increasing use of air data indicators in aircraft for critical flight parameter measurement applications. An air data indicator is an instrument that is used to measure and display an aircraft's airspeed, altitude, and vertical speed. It plays a vital role for the pilots to maintain the safety of aircraft and its operations. The continuous growth of aircraft fleet across various regions and stringent regulatory norms regarding aircraft safety have been primarily augmenting the demand for advanced air data indicators. Moreover, the rising adoption of glass cockpit avionics and digitization of critical parameters are expected to propel the sales of air data indicators in the coming years. Meanwhile, high maintenance and upgrading costs associated with air data indicators may limit their widespread adoption.

Market Dynamics:

The global air data indicator market is projected to witness robust growth during the forecast period owing to several factors such as rising aircraft deliveries, upgradation of existing fleet, increasing focus on aircraft modernization, and stringent regulatory standards for flight safety. Additionally, boosting investments by prominent manufacturers in advanced technologies, such as solid-state air data sensors and integrated avionics, are further fueling the market growth. However, high costs associated with air data indicator upgrade and maintenance may hamper the revenue generation of market players to some extent. Moreover, political uncertainties, geopolitical tensions, and fluctuations in crude oil prices pose challenges for the aircraft industry, thereby restraining the demand for air data indicators. Meanwhile, the ongoing miniaturization of components and the development of multi-functional integrated systems present significant opportunities in the Air Data Indicator Market.

Key Features of the Study:

• This report provides an in-depth analysis of the global air data indicator market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global air data indicator market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Collins Aerospace, Thommen Aircraft Equipment, Mid-Continent Instruments & Avionics, Mikrotechna Praha, Barfield, and others
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global air data indicator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air data indicator market

Detailed Segmentation:

• By Product Type
• • Altimeter
  • Airspeed Indicator
  • Vertical Speed Indicator
  • Angle of Attack Indicator
  • Others
• By Aircraft Type
• • Fixed Wing
  • Rotary Wing
  • UAVs
• By End User
• • Commercial Aviation
  • Military Aviation
  • General Aviation
• By Application
• • Air Transport
  • Training
  • Defense
  • Others
• By Distribution Channel
• • OEMs
  • Aftermarket
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Air Data Indicator Market:
• • Collins Aerospace
  • Thommen Aircraft Equipment
  • Mid-Continent Instruments & Avionics
  • Mikrotechna Praha
  • Barfield
  • AeroControlex
  • Falcon Gauge
  • UMA Instruments
  • Aircraft Spruce & Specialty Co.
  • Kelly Manufacturing
  • Mitchell Aircraft Products
  • Ahlers Aerospace
  • Suzhou Changfeng Instruments
  • LX navigation
  • MAV Avionics
  • Suzhou Changfeng Instruments Co. Ltd.
  • Mid-Continent Instrument Co. Inc.
  • D.C. ELECTRONIC INDUSTRIES
  • Falcon Gauge
  • Sigma Tek, Inc.