The aircraft switches market is projected to grow from USD 2.2 billion in 2019 to USD 2.6 billion by 2025, at a CAGR of 3.2% during the forecast period. The growing demand for in-flight entertainment & connectivity (IFEC) is a major factor driving the growth of the aircraft switches market. This demand has led to new and improved IFEC upgrades across many airline fleets. These upgrades involve new systems that are more interactive and contain manual electromechanical switches, as well as touchscreen interfaces. These factors are expected to drive the growth of the aircraft switches market.
By platform, the rotary wing segment is expected to be the largest contributor to the aircraft switches market during the forecast period. The rotary wing witnessed strong growth over the past few years. This growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and growing international trade & tourism across the globe. Strong growth in this sector has resulted in increasing the number of aircraft orders to address the increasing air passenger traffic. Manufacturers are currently focusing on aircraft switches components to develop products that are more reliable, accurate, and efficient. Continuous improvements in software have modified the human-machine interface of aircraft switches.
By application, the cabin segment is projected to lead the aircraft switches market during the forecast period. Switches in an aircraft differ from aircraft to aircraft based on the type of aircraft. Important functions are performed through a panel of switches present in the cockpit dashboard. Pilots control components and systems such as fuel, engine, APU, lights, radio communication aids, and navigation aids, among others. Pilots perform functions such as starting the engines, controlling the electrical power supply to various systems, lights and switch between radio frequencies, selecting airspeed, control navigation computers, and many more critical functions needed during different flight phases such as take-off, landing, and taxi. Military aircraft contain ammunition control switches for combat purposes. The rising number of aircraft is expected to drive the demand for aircraft switches in cabins over the next few years.
Honeywell (US) is one of the major players in the aircraft switches market. Honeywell's major strategies include improving the quality of services, increasing operational efficiency, and innovating products. The company focuses on penetrating high growth regions, such as Latin America and the Middle East. The company’s asset investment strategy focuses on maintaining a diversified portfolio using various asset classes to achieve long-term investment objectives. For instance, in July 2018, Honeywell received a contract from Allegiant Air to provide maintenance, repair and overhaul services for its auxiliary power units and select avionics components for Airbus A319 and A320 aircraft.
Another major player in the aircraft switches market is Safran (France). Safran focuses on securing contracts to improve its position in the aerospace switches market. It has been successful in building a leading world position for itself in civil aerospace switches, and military aerospace switches chiefly through a series of acquisitions. The company’s strategies include focusing on research & development and technological differentiation, as well as targeted investments, acquisitions, and alliances. For instance, in January 2017, Safran signed a contract with Kulite Semiconductor Products, Inc. for the development of a new solid state electronic pressure switch (FFCI) to be installed on CFM56-7B aircraft engines.
United Technologies Corporation (Collins Aerospace) (US) is among the world’s top three suppliers of aircraft switches. The company has been working intensively in this field for more than 60 years. Thales provides major innovative aerospace switches solutions to commercial and military aircraft, including the Boeing 787 Dreamliner, Airbus A380, Airbus A350 XWB, and Airbus Military’s A400M military transport.
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