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The global aircraft switches market size was USD 1.87 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with aircraft switches witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited a huge decline of 17.82% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 2.01 billion in 2021 to USD 2.60 billion by 2028 at a CAGR of 3.71% in the 2021-2028 period. The sudden rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.
In an aircraft, switches are used by the pilot to control and monitor several aircraft systems. The majority of the switches in an aircraft are present on the cockpit dashboard. The dashboard consists of different types of switches, such as a toggle switch, push-button switch, rocker switch, and others. The growing number of aircraft deliveries is likely to increase the demand for aircraft switches. Moreover, the shifting trend towards digitalization has increased the demand for in-flight entertainment & connectivity (IFEC), which has led to the development of advanced switch technology.
Aircraft Component Manufacturers Faced Exceptional Challenges Due to COVID-19 Pandemic
Lockdowns in countries, such as India, the U.S, France, China, and others have led to a disruption in the supply chain of aircraft and aircraft components, which has caused a setback for the market. The delay in production and supply of aircraft has impacted the overall market growth.
Even though manufacturing units were functioning after May 2020, only around 75% of the employees were available in shift rotations, increasing the order backlogs, which led to a decrease in revenues of aircraft switch manufacturers.
Moreover, legislative limitations on travel, trade, and the reduced demand for air travel led to a huge decline in revenue in the aviation industry. The loss in income due to low passenger demand also led to the termination of new aircraft orders, resulting in the decreased demand for aircraft switches.
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Replacement of Conventional Switches with LED Pushbutton Switches is a Vital Trend
The new generation military and commercial aircraft have a human-machine interface (HMI) designs that can increase automation and reduce a pilot’s workload. The digitalization of aircraft has increased the demand to upgrade conventional switch technology.
Currently, there is a high demand for LED push-button switches in the cockpit. The new generation aircraft cockpits are integrated with digital data bus interfaces, thereby increasing the demand for low-profile LED push-button switches. These switches can exchange, transfer, and control information between the aircraft’s analog push-button and digital bus interfaces.
The growing demand for automation and digitalization in aircraft is expected to further increase the demand for technologically advanced electronic switches.
Rising Adoption of Fly-by-wire System in Aircraft to Fuel Market Growth
The rising demand for lightweight aircraft has led to increasing demand for fly-by-wire systems in aircraft. The fly-by-wire system represents flight control systems that use processors to manage flight control inputs given by the autopilot or pilot. It transmits equivalent electrical signals to flight control actuators via electrical switches. The rising demand for the installation of fly-by-wire systems in new aircraft is expected to aid the aircraft switches market growth.
Several benefits of a fly-by-wire system, such as reduced weight, effective control, improved reliability, and others have increased the adoption of the system, which would further increase the demand for electrical aircraft switches.
Increasing Demand for IFEC Backed by Unique Passenger Requirements to Fuel Growth
The replacement of conventional seatback screens with limited entertainment content with the personalized model has increased the demand for IFEC. Moreover, technological advances in seat design, such as real-time data and connectivity would also surge the demand for in-flight entertainment and connectivity, which would further increase the demand for advanced electronic and electrical switches.
Furthermore, the growing number of tech-savvy passengers is anticipated to boost the demand for digital and electronic aircraft switches.
Rising Purchase of New Aircraft Due to Growing Demand for Air Travel to Propel Growth
The next-generation aircraft are equipped with integrated digital interfaces to increase reliability and reduce the pilot’s workload. The rising number of air commuters has increased aircraft procurement broadly. The surging income of individuals has led to a surge in the demand for air travel, thereby driving the air passenger traffic.
The increased demand for air travel has led airlines to expand their aircraft fleet size, which, in turn, would propel the market growth. Moreover, the rising demand for small aircraft for flight schools, personal planes, and air taxis is expected to spur the aircraft switches market growth opportunities.
Introduction of Touchscreen Technology to Replace Manual Switches May Hamper Growth
The new aircraft control designs are increasingly adopting touchscreen models that are more intuitive. The growing development of technologies that are compact in size and offer diverse functions is expected to decline the demand for conventional aircraft switches.
The conventional switches on the passenger side are firmly expected to be eliminated owing to the growing demand for touchscreens to improve the consumer’s experience. The increased adoption of touchscreens for entertainment, communication, and other facilities is expected to hinder the market for conventional switches.
However, conventional switches will not be completely eliminated from the pilot’s side. The adoption of touchscreens in the cockpit does not offer safety in turbulence conditions. Hence, conventional switches in the cockpit for flight control and other important functions are very less likely to be eliminated.
Automatic Segment to Grow at Higher CAGR Due to Increasing Demand for Automation in Electric Aircraft
Based on type, the market is segmented into manual and automatic. The manual segment is expected to dominate the market through the forecast period owing to the extensive usage of manual switches, such as toggle switches, push-button switches, and others in the aircraft cockpit. The automatic switches segment includes a limit switch, pressure switch, relay, solenoid, and others. This segment is anticipated to be the fastest-growing segment owing to the rising demand for more electric aircraft.
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UAV Segment to Grow at High CAGR Backed by Their Increasing Usage in Military Applications
Based on the platform, the market is segmented into commercial aircraft, general aviation aircraft, military aircraft, business aircraft, unmanned aerial vehicles (UAV), helicopters, and electric aircraft.
The commercial aircraft segment ruled the aircraft switches market in 2020 due to the rising commercial aircraft deliveries.
The electric aircraft segment is expected to grow at a higher CAGR owing to the rising demand for zero-emission aircraft. Moreover, electric aircraft is expected to increase opportunities for electric switches.
The rising demand for UAVs for various military operations, such as monitoring, surveillance, and others is anticipated to increase the growth of the UAV segment during the projected period. Moreover, the surging investment by key manufacturers for the developing Air Taxis is anticipated to support the growth of the market.
Cockpit Segment to Dominate Market Fueled by Adoption of Fly-by-wire Systems
Based on the application, the market is divided into the cabin, cockpit, landing gear, engine, and others.
The cockpit segment is estimated to be the largest segment in 2020 and anticipated to continue its dominance during the projected period. Around 75% of the switches in an aircraft are present in the cockpit. Moreover, the rising adoption of fly-by-wire systems in aircraft is expected to boost the segment’s growth.
The engine segment is projected to show a significant CAGR during 2021-2028. The growth of the segment is attributed to the increasing demand for automatic switches, such as pressure switches, limit switches, and others in an engine for improving the engine’s efficiency.
The cabin segment is anticipated to show sluggish growth during the forecast period due to the increasing adoption of touchscreen technology in the aircraft cabin to enhance the user experience.
North America Aircraft Switches Market Size, 2020 (USD Billion)
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The global market is segmented based on region into North America, Asia-Pacific, Europe, and the rest of the world.
North America held the largest market share in 2020 with a market value of USD 0.53 billion. The growth is accredited to the presence of key aircraft manufacturers, as well as aircraft switch manufacturers in the region. The U.S. is known to be an aerospace hub due to the existence of major aerospace manufacturers, such as GE Aviation, the Boeing Company, Lockheed Martin Corporation, Raytheon Technologies Corporation, and others. Moreover, key aircraft switch suppliers, such as Honeywell International Inc., Curtiss-Wright Corporation, Collins Aerospace, and others are anticipated to drive the market growth in North America.
The market in Asia-Pacific is anticipated to showcase remarkable growth through the forecast period. The growth is attributed to the growing funding in the aviation sector from China, Japan, India, and others. The growing procurement of aircraft by airlines to expand the aircraft fleet is predicted to generate significant demand for aircraft switches. Moreover, the rising procurement of military aircraft is also anticipated to aid the market growth.
Europe is expected to show substantial growth due to the growing demand for electric aircraft in the region. Countries, such as France and the U.K. are investing in the research and development of anti-pollution aircraft.
The Middle Eastern market is anticipated to grow due to the surging tourism in countries located in this region. Moreover, the rising use of unmanned aerial vehicles for modern agricultural practices in Latin America would propel the market growth during 2021-2028.
Aircraft Switch Manufacturers are Focusing on Introducing Advanced Electronic Switch Technologies
Key players in the market are aiming to introduce advanced switch technologies for enhancing the user interface of various aircraft systems. For instance, Curtiss-Wright Corporation has developed Ethernet switches that would deliver real-time data at high speed. The growing demand for aircraft connectivity has also increased the demand for Ethernet switches. Moreover, other key players, such as Collins Aerospace, Honeywell International Inc., and more are focused on developing innovative and cost-effective systems for their customers.
An Infographic Representation of Aircraft Switches Market
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The global market research report provides detailed market analysis and focuses on key aspects such as key players, product type, platforms, and applications. Moreover, the research report offers insights on the aircraft switches industry trends, competitive landscape, market competition, product pricing, market status, and highlights key industry developments. In addition to the factors mentioned above, it encompasses several direct and indirect factors that have contributed to the sizing of the global market over recent years.
Value (USD Billion)
Type; Platform; Application and Geography
Fortune Business Insights says that the global market size was USD 2.01 billion in 2021 and is projected to reach USD 2.60 billion by 2028.
Registering a CAGR of 3.71%, the market will exhibit steady growth in the forecast period (2021-2028).
The commercial aircraft segment is expected to lead this market during the forecast period owing to the increasing aircraft deliveries.
Eaton Corporation is the leading player in the global market.
North America dominated the market in terms of share in 2020.
In an aircraft, switches are used by the pilot to control and monitor several aircraft systems. The majority of the switches in an aircraft are present on the cockpit dashboard. The dashboard consists of different types of switches, such as toggle switch, push-button switch, rocker switch, and others.
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