The Global Glass Cockpit for Aerospace market is accounted for $1,507 million in 2014 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.01% reaching $1,910.2 million by 2022. Glass cockpit displays have a vast potential in the aerospace market as they are utilized in various types of aircrafts. Aspects such as light weight with augmented functionalities and better precision, superior safety, situational awareness and competence and automation of the flight controls are influencing the growth of the cockpit display market. Technological advancements such as touchscreen displays are providing vast opportunities for the for the market growth.
The global glass cockpit market is segregated on Aircraft types, Display types, Display Size and region. Depending on the aircraft type the market is segmented into seven types namely Cargo, Fighter, Helicopter, Air Transport, General Aviation, Trainer and Business Jet. On Display types market is divided into four types Primary Flight Display, Multi-function Display, Backup Display, Mission Display. Depending upon the display Size market is divided into <5 inches, 5 inches to 10 inches and >10 inches.
On geographic basis, glass cockpit market is segmented into North America, Europe, Asia Pacific and Rest of the World (ROW).The America and Europe are the largest regions in terms of market value. However, Asia Pacific represents the fastest growing region.
Major players in the Glass cockpit market include Aspen Avionics, Inc. (U.S.), Avidyne Corporation (U.S.), Dynon Avionics (U.S.), Elbit Systems Ltd. (Israel), Esterline Technologies Corporation (U.S.), Garmin Ltd. (Switzerland), Honeywell Aerospace, Inc. (U.S.), L-3 Communication Holdings, Inc. (U.S.), Northrop Grumman Corporation (U.S.), and Rockwell Collins, Inc. (U.S.).
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