Global Aircraft Digital Cockpit Market Analysis Report, 2021

NOIDA, India - Jan. 20, 2021 - PRLog -- The Global Aircraft Digital Cockpit market is projected to grow at a rapid pace. The growth of the market is accredited to increasing technological developments such as touchscreen displays in new aircraft, burgeoning adoption of digital cockpit in military aircraft and increasing inclination towards digital cockpit in commercial aviation aircraft for better accuracy, improved safety, and automation of the flight controls.

According to MarkNtel Advisors' research report "Global Aircraft Digital Cockpit Market Analysis, 2020", the Global Aircraft Digital Cockpit market is anticipated to grow at a considerable CAGR during 2021-26F. The COVID-19 has an adverse impact on the aviation industry on account of suspension of flight for almost half a year due to international border shutdown. However, the market is expected to bounce back at a robust rate due to surging investment towards digitalization of the aviation industry. Hence, this is predicted to place a lucrative opportunity for the growth of aircraft digital cockpit market.

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"Global Aircraft Digital Cockpit Market Analysis, 2020" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Aircraft Digital Cockpit providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

North America Acquired the Largest Market Share
North America acquired the largest market share in the Global Aircraft Digital Cockpit market in 2019. This is due to rising penetration of digital cockpit, boost in the number of cockpit upgrades to the existing military aircraft fleet, burgeoning investments in the aircraft fleet and snowballing integration of digital cockpit systems in military mission helicopters. Moreover, Asia-Pacific is also anticipated to grow at a considerable rate. The escalating allocation of money toward major military modernization programs and increasing foreign investments in the civil aviation sector are the factors anticipated to bolster the growth of the Aircraft Digital Cockpit Market in the forthcoming period as stated in MarkNtel Advisors' research report "Global Aircraft Digital Cockpit Market Analysis, 2020".

According to MarkNtel Advisors', the key players with a considerable market share in the Global Fluid and Lubricants for Astronautics Corporation of America, Elbit Systems Ltd., Esterline Technologies Corporation, Honeywell International Inc., Garmin Ltd., Collins Aerospace (United Technologies Corporation), Thales Group, Safran SA, Barco NV, Leonardo S.P.A.