North America Anticipated to Account for Largest Share in Aircraft Switches Market During Forecast Period

The major factors driving the market include the growing influence of electronics in aircraft and increasing demand for In-flight entertainment & connectivity (IFEC).The global Aircraft Switches Market is projected to grow from USD 2.2 billion in 2019 to USD 2.6 billion by 2025, at a CAGR of 3.2% during the forecast period.

The automatic type segment is projected to grow at the highest CAGR during the forecast period.

The automatic switches type segment is projected to grow at the highest CAGR due to its widespread use in an aircraft’s electrical system and acts as a bridge as they take small electric currents from components such as sensors to drive bigger systems.

Automatic switches contain sensors or elements that activate them through a machine motion or a physical process. They do not require human interference to be operated. They are calibrated to act automatically based on the feedback they receive. These include limit, pressure, temperature, flow, network, and relay switches.

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The rotary wing segment in the platform segment is projected to grow at the highest growth rate.

The rotary wing segment is projected to witness the highest growth rate during the forecast period. Rotary wing platform includes aircraft such as helicopters that use their rotating blades to generate lift. These aircraft are used for military combat and transport purposes, as well as civilian and commercial transportation. The switches used are less than fixed wing due to the absence of a conventional cabin. The switches used are to control the avionics, lights, and battery, among other components.

North America is expected to lead the market for aircraft switches during the forecast period.

North America is estimated to account for the largest share of the aircraft switches market in 2019. The demand for commercial aircrafts is continually increasing, due to which aircraft manufacturers are expanding their product line, thereby creating a significant demand for aerospace switches. Thus, increasing aircraft orders and supplies is a significant advantage for commercial aerospace switches market in the current scenario. Moreover, the trend of upgrading the existing/older aircraft is rapidly flourishing in the current commercial aircraft industry.

Some of the major vendors in the aircraft switches market include Honeywell (US), Esterline Technologies (US), Curtiss-Wright (US), and UTC (Collins Aerospace) (US).

Honeywell (US) is one of the major players in the aircraft switches market. Honeywell's major strategies include improving the quality of services, increasing operational efficiency, and innovating products. The company focuses on penetrating high growth regions, such as Latin America and the Middle East. The company’s asset investment strategy focuses on maintaining a diversified portfolio using various asset classes to achieve long-term investment objectives. For instance, in July 2018, Honeywell received a contract from Allegiant Air to provide maintenance, repair and overhaul services for its auxiliary power units and select avionics components for Airbus A319 and A320 aircraft.

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