The global air data systems market is projected to grow significantly during the forecast period. Air data systems give the précised information associated with the parameters such as vertical speed, Mach number, pressure altitude, calibrated airspeed, true airspeed, static air temperature, and air density ratio, which are vital for the pilot to fly aircraft securely. These systems also comprise pilot-static probes, stall protection systems, angle of attack (AOR), along with the outside and total air temperature sensors. 

The primary factor that drives market growth includes the increased demand for novel aircraft. The rapid R&D activities and increased investments in the aerospace sector for the development of novel air data systems are further likely to flourish the market growth during the forecast period. However, higher costs associated with the manufacturing of these systems along with the unavailability of advanced products in the under developing economies are intended to challenge the market growth during the forecast period.

Segmental Outlook

The global air data systems market is segmented on the basis of components and applications. Based on the component, the market is segmented as an electronic unit, probes, and sensors. The electronic unit segment is anticipated to exhibit a considerable CAGR during the forecast period. Based on the application, the market is segmented into commercial aircraft and military aircraft. 

Global Air Data Systems Market, by Application 2019 (%)

Commercial Segment to Hold Significant Market Share

Amongst the application segment, the commercial segment is projected to hold a significant share in the market. The segmental growth is accredited to the higher demand and production of aircraft for commercial applications. Numerous commercial airlines have contributed to the market growth either by fleet procuring and deliveries or by announcing aircraft for commercial use over the forecast period. For instance, in December 2019, United Airlines ordered 50 Airbus A321XLR aircraft to alter its aging Boeing 757-200s, for international service from 2024. 

Besides, in June 2019, XTI Aircraft Co. partnered with Heliflite which will enable the spread of XTI Aircraft throughout Australia, New Zealand, and Oceana areas, creating an opportunity for the TriFan 600 to go into commercial use in global markets. Similarly, in November 2019, Air Arabia demanded 170 Airbus A320 aircraft worth USD 14 billion. Thus, this is likely to propel the market growth during the forecast period. 

Regional Outlook

The global air data systems market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to hold a considerable share in the market. The regional growth of the market is attributed to the high production of aircraft engines and high manufacturing capital in aerospace & defense, coupled with the presence of a number of small-to-large players in the region. The presence of major aircraft players in the region creates the demand and therefore, contributes to the regional growth of the market. 

Along with the presence of major aircraft players, the region marks the huge defense expenditure which as a result, is supporting the market growth. The US and Canada being the major economies of North America spend a substantial amount of the GDP on the military and defense. For instance, as per the Stockholm International Peace Research Institute (SIPRI), the US invested $649 billion in its military spending in 2018. Thus, this is likely to propel the market growth during the forecast period. 

Global Air Data Systems Market by Region, 2019 (%)

Market Players Outlook

Numerous major players are operating in the global air data systems market. The prominent players operating in the global air data systems market include Ametek Inc., Curtiss-Wright Corp., GE Aviation, Honeywell International Inc., Meggitt PLC, Northrop Grumman Corp., Collins Aerospace, Thales Group, Thommen Aircraft Equipment AG, and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global air data systems market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global air data systems market. Based on the availability of data, information related to products & services, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.