Glass Cockpit Market Forecast to Reach $4.6 Billion by 2026

July 09 19:26 2021
Glass Cockpit Market Forecast to Reach $4.6 Billion by 2026

Glass Cockpit Market
Adoption of High-end Technologies Such as Touch Screen Displays Along With Rising Demand of Aircrafts by Airlines Are the Major Growth Opportunities in Aerospace Industry.

Glass Cockpit Market is forecast to reach $4.6 billion by 2026, growing at a CAGR of 3.7% from 2021 to 2026. Glass cockpit is an aircraft cockpit that features electronic flight instrument displays which are of large LCD screens. A glass cockpit uses several multi-function displays driven by flight management systems (FMS) that can be adjusted to display flight information as needed. Glass cockpit simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information. The controls in a glass cockpit have fewer mechanical components to break down or return false readings. The advantage to a glass cockpit over traditional cockpits is that the automation systems are more accurate, the information is more precise and the data is displayed more ergonomically. Adoption of high-end technologies such as touch screen displays along with rising demand of aircrafts by airlines are the major growth opportunities in aerospace industry.

Glass Cockpit Market Segment Analysis – By Aircraft Type

Cockpit technology has been advancing at a great pace in the last few years. It helps to provide a great amount of information at the fingertips of the pilot than conventional systems. Military helicopters have most advanced high-tech machines and have focused on incorporation of glass cockpits to enhance their effectiveness. Glass cockpits provide the real-time operating system with latest processor technology which provides situational awareness for the pilots. They look similar to computers with windows and data that can be manipulated with point-and-click devices. They have terrain, approach charts, weather, vertical displays and 3D navigation images.

Glass Cockpit Market Segment Analysis – By Display Type

Primary Flight display is forecast to grow at the highest rate of 6.0% through 2026. Primary flight display or PFD is a modern aircraft instrument dedicated to flight information. Glass cockpits are equipped with primary flight and multi-function displays. Primary flight displays comes in round, oval, horizontal, vertical and strip displays for airspeed, altitude and heading. Multi-function will have multiple pages to configure the system, flight planning options, entering user waypoints and updating navigation databases. The MFD is also the backup for the PFD in case it fails. The information on both the screens can also be switched so that the co-pilot has the PFD and pilot has MFD.

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Glass Cockpit Market Segment Analysis – By Geography

North America is projected to grow at the highest CAGR of 5.1% during the forecast period 2021-2026. This is due to early technology adopters and additionally North-America has robust military industry. United States stands top in global aerospace and defense industry. Asia-Pacific is expected to witness largest share after North-America due to large customer base along with growing number of passengers especially in countries like India and China.

Glass Cockpit Market Drivers

Aerospace and Defence industry driving the market growth

The aerospace and defence industry worldwide keeping up pace with the increasing air passenger traffic. Due to increased border security threats the governments are increasing their defence budgets. With the growing manufacturing and production of commercial aircraft the market is expected to gain demand with the growing technological advancements. There is a high demand for manufacturing of next-generation aircraft with installation of high-end technologies and glass cockpit displays for enhanced communication and navigation drives the market growth.

Growing number of air travel passengers leading to manufacture of new aircraft

Growing number of air travel passengers across the globe is leading to manufacture new aircraft with latest high-end technological glass cockpits. Asia-Pacific region is considered to be the biggest driver of air passenger’s demand in the near future. Nearly more than 50% of new air passengers are likely to originate from this region which leads to demand for more aircraft carriers which in turn drives the market growth.

Glass Cockpit Market Challenges

Less Battery life

Battery shelf life of glass cockpits are less compared to analog systems which is making the biggest challenge in glass cockpit market. Due to less battery life pilots have very less time to react on problems during an emergency. A well trained pilot on digital glass cockpit systems or never used the analog systems finds it difficult to shift to analog systems if required as the analog mechanism requires more cognitive process to understand the situation. At the same time glass cockpit systems offer exceptional situational awareness but it is possible only when the pilot is well versed with the complete system. Less battery life has become the hindrance to the market growth.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the glass cockpit market. The glass cockpit market is dominated by major companies such Aspen Avionics Inc., Avidyne Corporation, Dynon Avionics, Elbit System Ltd, Esterline Technology Corporation, Garmin Ltd, Honeywell Aerospace Inc., L-3 Communication Holdings Inc., Northrop Grumman Corporation, Rockwell Collins Inc.

Acquisitions/Technology Launches/Partnerships

In Oct 2019, Avidyne Corporation, leading provider of integrated avionics systems, displays, ADS –B and safety systems for general aviation aircraft announced new dzus – mounted avidyne atlas multifunction flight management system for turbine – class aircraft and helicopters.

Key Takeaways

Glass cockpit simplifies aircraft operation and navigation and allows pilots to focus only on the most pertinent information.

Glass cockpit systems consist of several displays which are connected to the flight management system and can be altered to display flight information as required.

The advantage to a glass cockpit over traditional cockpits is that the automation systems are more accurate, the information is more precise and the data is displayed more ergonomically.

North America is projected to hold a significant share in the global glass cockpit market. This is due to early technology adoption and they have a robust military industry.

Related Reports :

A. Cockpit Electronics Market

https://www.industryarc.com/Research/Cockpit-Electronics-Market-Research-501170

B. Cockpit Lighting Market

https://www.industryarc.com/Report/18086/cockpit-lighting-market.html

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