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(MoneyNewsWire.Net, March 11, 2018 ) The Air Data Systems market is projected to grow from USD 579.7 Million in 2016 to USD 762.9 Million by 2021, at a CAGR of 5.65% during the forecast period. Rise in the number of aircraft orders & deliveries and growing demand for large military UAVs are key factors expected to drive the growth of the air data systems market. The market has been segmented on the basis of aircraft type, component, end user, and region.
Browse Market Data Tables and In-Depth TOC of the Air Data Systems Market to 2021 @ https://www.researchcosmos.com/reports/global-air-data-systems-market-analysis-and-forecast-to-2021-growth-opportunity-assessme/5598219
Based on aircraft type, the air data systems market has been segmented into narrow body, wide body, very large body, general aviation, regional transport, rotary wing, military transport, fighter jet, and UAV. The narrow body aircraft segment dominated the market in 2016 and is expected to continue its dominance during the forecast period as well. According to Boeing’s Current Market Outlook 2016, the global fleet size of narrow body aircraft is 14,870, which is anticipated to reach 32,280 aircraft by 2035. Asia and North America have the largest fleet of narrow body aircraft, with 4,540 and 4,010 aircraft respectively. Increase in demand for narrow body aircraft globally is driving the market.
Based on component, the market has been segmented into electronic unit, sensors, and probes. Among them, the electronic unit segment is anticipated to grow at the highest CAGR from 2016 to 2021. As per the FAA-RVSM mandate, every aircraft flying between flight level (FL) 290 and 410 (inclusive) should have an RVSM (Reduced Vertical Separation Minimum) compliant electronic unit. The end users of the air data systems market include civil and military. Among the two, the civil segment has the largest market size and is also anticipated to grow at the highest CAGR during the forecast period. The civil aviation industry across the globe has been witnessing strong growth in recent years, driven by factors such as increase in air travel, rise in disposable income, and growth in international tourism, among others.
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The geographical analysis of the air data systems market includes regions, such as North America, Europe, Asia-Pacific, and rest of the world. North America is estimated to lead the global market in 2016. The aviation industry is one of the most profitable industries in North America, with major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.) present the region. These manufacturers help generate demand for air data systems. North America is expected to continue its dominance of the market during the forecast period.
The frequent need for calibration of sensors and high cost of ADS for medium scale UAVs are some of the factors restraining the growth of the air data systems market. Products offered by various companies operating in the ADS market have been listed in this report. The recent development and contract sections of the report include essential products developed and contracts undertaken by various companies between 2013 and 2016. Major players in the ADS market include Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), Rockwell Collins, Inc. (U.S.), Curtiss-Wright Corp. (U.S.), AMETEK, Inc. (U.S.), Astronautics Corporation of America (U.S.), Shadin Avionics (U.S.), Meggit Avionics (U.K.), Thommen Aircraft Equipment (Switzerland), Aeroprobe Corp. (U.S.), among others.
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