Aircraft Interface Device (AID) Market Growth Prospectus with 18.6% of CAGR by 2027

Aircraft Interface Device (AID) Market Growth Prospectus with 18.6% of CAGR by 2027

“The Insight Partners”
According to the new research report published by The Insight Partners, titled “Aircraft Interface Device Market – Global Analysis and Forecast to 2027”, The Global Aircraft Interface Device Market is expected to reach US$ 678.7 million in 2027, registering a CAGR of 18.6% during the forecast period 2019-2027.

The modernization of aircraft includes modern digital communication systems, new engines, inflight entertainment, advanced armaments, navigation flight systems, and data recorders, among others. The advanced aircraft interface devices offered to the aircraft manufacturers nowadays are more reliable. These devices have enhanced connectivity and communication, along with the high capacity to store data, which is influencing the Aircraft Interface Device market to prosper during the forecast period.

The aviation industry is currently at an interesting phase where advanced information technology is anticipated to transform the decision making capability of the industry and make the new implementations faster than before. A couple of years ago, the Aircraft Interface Device analysis through electronic flight bag (EFB) used thousands of distinct software algorithms for processing radar data and raw flight plan from the ATC (Air Traffic Control System)

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New market initiatives were observed as the most adopted strategy in the global Aircraft Interface Device market. Few of the recent market initiatives are listed below:

2018: United Technologies acquired Rockwell Collins for $30 billion. This acquisition is expected to add tremendous capabilities to UTC’s aerospace businesses and strengthens complementary offerings of technologically advanced aerospace systems.

2017: Teledyne entered into an agreement with Avionics Support Group, Inc., for promoting GroundLink® Aircraft Interface Device+, Teledyne’s AID solution, through ASG’s verified range of patented Electronic Flight Bag (EFB) mounting as well as power devices for delivering a comprehensive connectivity solution to its customer.

2016: Thales announced the acquisition of Aviovision, and renamed the company as “AVIO”. Through this acquisition, Thales extends its Electronics Flight Bag portfolio which ranges from full systems to state-of-the-art applications. Also, the acquisition led Thales to supply Aircraft Interface Device to its customers.

In the past years, aircraft interface device market has noticed noteworthy product innovation and partnership activity. Some of the significant deals include, in 2018 United Technologies acquired Rockwell Collins for $30 billion. This acquisition is expected to add tremendous capabilities to UTC’s aerospace businesses and strengthens complementary offerings of technologically advanced aerospace systems. The strategic acquisition would enhance the company’s product portfolio and presence in North America.

Based on connectivity, the wired AID’s is expected to dominate the aircraft interface device market during the forecast period. The wired AIDs are low weight, has small form factor, and also supports several mounting options, which relieves the aircraft manufacturers or AID integrators from designing specific mounting options for their AIDs. The valuation of wired AIDs segment in the aircraft interface device market is expected to soar in the coming years, attributing to rising adoption of wired AIDs among the airlines and military forces.

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