Aircraft Video Monitors Market is segmented by Type (Regional jets and Narrow-body aircraft), Application (Cabin monitoring systems, Cockpit door monitoring systems, and Environmental camera monitoring systems), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
Aircraft video monitors were devices used by aircraft companies to enhance total awareness around aircraft for security and safety purposes. It records daily incidents to serve as evidence capture and analysis. Flight crews and aircraft securities benefit from these results for cabins, decks, aircraft exteriors, and cargo bays. Digital recorders and cameras with integrated microphones are connected to these monitors through cables inside the aircraft in different areas. Architectural plans of this aircraft help maximize the installation of video monitors to provide a path for additional video and audio sensors. These aircraft video monitors serve as the overall aircraft security.
Aircraft Video Monitors Market Growth and Trends
Aircraft Video Monitors Market shall reach a value of $2x61.4 Million in 2032, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
Small and narrow-body aircraft are becoming more popular in developing and developed countries, which is boosting the market growth. New solutions are constantly being developed by the aviation industry to improve in-flight security and safety for passengers and crew members. The aircraft video monitoring systems market is growing due to the growing demand for solutions that can provide an overview of aircraft to the operator. In the current market, there are several prominent trends, including an increasing need for improving operational efficiency, a surge in demand from emerging nations for aircraft, and advancements in high-definition solutions. Over the past few years, the cases of sexual harassment, abusive behavior, and acts of terrorism have increased significantly. Since video footage is used as proof during such criminal cases, aircraft video monitoring systems are becoming increasingly important. The adoption of advanced security measures has led to a decline in hijacking incidents, according to information released by the aviation safety network. Thus, video monitoring network for commercial aviation has become more crucial in recent years. However, with the recent COVID-19 outbreak, the aviation industry across the world has been severely affected. Thus, aircraft demand has been decimated globally. A substantial amount of production was being produced in the aerospace industry before the outbreak of COVID-19. While aircraft manufacturers had massive backlogs, the global aviation industry has seen a significant rise in the number of passengers and an increase in aircraft procurement. Different component manufacturers and associated technologies were adversely impacted by the decline in production volumes. Therefore, destabilization in aircraft production has severely impacted the businesses of aircraft video monitoring market players.
Aircraft Video Monitors Industry Regional Analysis
The projecting need for passenger safety in aircraft drives potential growth in the aircraft video monitors market to strengthen surveillance and passenger security. Geographically, North America leads the global market due to its positive imprint over the aviation sector, with Latin America that is exponentially growing at a rapid rate to garner the largest share. Europe, on the other hand, shows a headlong demand for aircraft video monitors due to increasing passenger air traffic and the need for the surveillance system. The Asia Pacific is also set to dominate the commercial aircraft video monitor market during the forecast period, implying to be the top investment notch for the global market owing to an increase in aerospace expenditure.
Aircraft Video Monitors Industry Segmentation
According to aircraft type, the aircraft video monitoring systems market can be segmented into regional jets and narrow-body aircraft. Out of which, narrow-body aircraft deployed the maximum number of videos monitoring systems, generating a significant market revenue. Based on the workflow of the systems, the market can be segmented into three verticals, namely cabin monitoring systems, cockpit door monitoring systems, and environmental camera monitoring systems.
Pilots and co-pilots can view video imagery of the zone outside the cockpit with the help of cockpit door monitoring systems. Cameras mounted in the aircraft cabin enable the pilot to view the cargo areas. Furthermore, they prevent unauthorized personnel from accessing the cockpit, which is a key driver of the growth of this segment. Aircraft equipped with environmental monitoring and conservation systems capture images of the surrounding environment as they fly. By capturing these images, the aircraft can gauge the other factors that affect its environment, such as light and climate.
Aircraft Video Monitors Market Regional Analysis
The increasing demand for cost-effective monitoring systems for aircraft is increasing the aircraft video monitoring market revenue. The rigorous policies for airlines safety implemented by regulatory authorities have increased the need for video monitoring systems inside airlines. Besides assisting the aircraft with ground maneuvers and evading wingtip crashes, video monitoring systems help prevent alien intrusions into cockpits. A major growth factor for the aircraft video monitoring systems market is the emergence of new airline companies in the last decade. It is more competitive and rigid for new companies to get into the market due to the limited number of players. A video monitoring system for aircraft requires a lot of investment, and it may require specialized expertise to make it work. Such requirements might be a hindrance to its growth.
Aircraft Video Monitors Market Share and Competition
AD Aerospace Plc., BAE Systems Plc., Cabin Avionics Ltd., Aerial View Systems, Inc., Global Eagle Entertainment Inc., Kappa Optronics GmbH, Meggit Plc., Parker-Hannifin Corporation, Collins Aerospace, KID-Systeme GmbH, and a Raytheon Technologies Company are the top leading companies investing in aircraft video monitoring systems market. The presence of highly competitive industry players in this market is one of the major factors that helped the market in sustaining even during the pandemic.
Aircraft Video Monitors Market Research Report Analysis Highlights
● Historical data available (as per request)
● Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
● Data breakdown for every market segment (2022 – 2032)
● Gross margin and profitability analysis of companies
● Price analysis of each product type
● Business trend and expansion analysis
● Import and export analysis
● Competition analysis/market share
● Supply chain analysis
● Client list and case studies
● Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
● Regional jets type
● Narrow-body aircraft type
Application Analysis (Revenue, USD Million, 2022 - 2032)
● Cabin monitoring systems
● Cockpit door monitoring systems
● Environmental camera monitoring systems
Region Analysis (Revenue, USD Million, 2022 - 2032)
● United States
● United Kingdom
● South Korea
● Middle East
● Rest of the World
Aircraft Video Monitors Industry Companies
● AD Aerospace Plc.
● BAE Systems Plc.
● Cabin Avionics Ltd.
● Aerial View Systems, Inc.
● Global Eagle Entertainment Inc.
● Kappa Optronics GmbH
● Meggit Plc.
● Parker-Hannifin Corporation
● Collins Aerospace
● KID-Systeme GmbH
● Raytheon Technologies Company
Available Versions: -
United States Aircraft Video Monitors Market Research Report
Europe Aircraft Video Monitors Market Research Report
Asia Pacific Aircraft Video Monitors Market Research Report
India Aircraft Video Monitors Market Research Report
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