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Aircraft EWIS Market is Forecast to Reach US$ 3.1 Billion in 2028, Says Stratview Research.
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The Market is segmented based on platform type, application type, product type, purpose type, end-user type, and .
The aircraft EWIS market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopters. during the forecast period. The increasing production rate of various commercial aircraft is the major factor behind the exceptional growth in the commercial aerospace category. Boeing, in its recent commercial market outlook 2022-2041, predicted the deliveries of 41,170 commercial and regional aircraft in the next twenty years, assuring progressive growth in the long term.
The market is segmented into avionics, interiors, propulsion systems, airframes, and others. The The increased focus of airliners on enhancing passenger experiences and the upgradation of the existing fleet with new IFE systems are the major factors behind the dominance of the interior segment.
The aircraft EWIS market is segmented into OE and aftermarket based on the end-user type. EWIS does not need to be replaced because its life span is almost the same as the aircraft's life.
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The report suggests that
This growth is majorly attributed to the following –
- The USA is the growth engine of the region's market, with the presence of major aircraft OEMs, tier players, EWIS players, and MRO companies.
- Most of the major players in the EWIS market have their presence in the region to cater to the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
The region's market is majorly driven by the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus in China for multiple programs, increasing production and procurement of military aircraft owing to the rising defense budget and growing territorial disputes among key economies, and the upcoming indigenous aircraft program C919.
Some of the key drivers listed in the report are given below.
- An expected rise in the production rate of key programs.
- Entry of programs (B777x, C919, and MC-21).
- An expected rise in the aircraft fleet size.
- Increasing investments in electrical aircraft.
- Increasing use of wires & cables in modern aircraft.
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The market is highly concentrated, with the presence of some regional and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aircraft EWIS market.
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