According to MarkNtel Advisors study the Global Air Data Systems Market was valued at around USD 1.2 billion during 2022 and is estimated to grow at a CAGR of about 6.5% during the forecast period, i.e., 2024-30.
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Key Findings of the Study: Air Data Systems market
Global Air Data Systems Market Driver:
Expanding Aerospace Industry Growing Adoption of UAVs to Fuel the Market Growth – The increasing aviation industry accounts for instigating investments by the prime players, thus boosting the demand for air data systems and contributing to propelling the overall air data system market. The surge in a wide variety of aircraft for commercial use with advanced technology high capacity supports the market size. Furthermore, government agencies in several countries are also investing in the aviation industry encouraging the implementation of different purposes around the globe. In unmanned aerial vehicles (UAVs), the air data systems allow operators to improve manage the fleet in the air.
Hence, the demand for air data systems is advancing due to the enhanced performance prominence of the aircraft the decrease in data entry errors. They assist in evaluating monitoring environmental factors that affect flight performance inform the pilots in case of threshold. In line with this, the growing adoption of UAVs in military commercial sectors further assists in driving the Air Data Systems Market in the upcoming years.
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Scope of the Report and Air Data Systems Market Segmentation:
By Components
- Electronic Unit
- Sensors
- Probes
By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- Business Jet
- Fighter Aircraft
- Military Transport Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicle (UAV)
By End User
- Civil
- Military
The Civil segment captures the dominating share of the Air Data Systems Market and is speculated to witness tremendous growth in the upcoming years as well.
Air Data Systems Market Development:
- 2023: Parker Meggitt entered into a partnership with Airbus to produce an e-buffer (energy buffer) in support of the ZEROe aircraft demonstrator.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
The Asia-Pacific region is projected to have a high growth rate during the estimated period due to the high demand for air data systems in military aviation and commercial sectors.
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