The global demand for commercial aircraft video surveillance systems is expected to remain strong, at an estimated CAGR of 5.1% over 2018-2028. Cabin and cockpit surveillance systems will remain among the most sought after products in commercial aircraft video surveillance systems market, according to FMI’s analysis.
Commercial Aircraft Video Surveillance Systems Installation Favored by Regulatory Standards
With growing incidences of terror attacks and a number of serious illegal activities at national as well as international levels, it is most likely that the rate of adoption of advanced security solutions will see healthy growth, subsequently driving the commercial aircraft video surveillance systems market.
After the 9/11 attack at the World Trade Centre and a heap of other instances over the years, the concept of commercial aircraft video surveillance systems came into existence. North America is projected to remain a prominent region in terms of market share in the commercial aircraft video surveillance systems market.
The growing number of air travel passengers has also created demand for travel security solutions, which is boosting demand for commercial aircraft video surveillance systems. Global organizations, such as ICAO (International Civil Aviation Organization), Federal Aviation Administration, European Aviation Safety Agency amongst others, have mandated installation of commercial aircraft video surveillance systems within all commercial aircrafts, providing a prominent impetus to the demand growth of commercial aircraft video surveillance systems.
Cabin & Cargo Surveillance Systems Gaining Ground in Commercial Aircraft Video Surveillance Systems Market
Based on the type of aircraft, commercial aircraft video surveillance systems market is likely to sustain ~70% of the demand from single aisle (narrow body) aircraft. As the number of jet planes has been estimated to almost double by the end of next decade, commercial aircraft video surveillance systems are poised to experience healthy growth in sales over the coming years.
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Cockpit surveillance systems and ground manoeuvring camera systems have been installed in a majority of aircrafts. However, there has been rise in demand for cabin and cargo surveillance systems to monitor passenger and crew safety. The day/night capability camera system to analyze passengers’ behavior in a variety of cabin conditions such as dark or light is gaining popularity in commercial aircraft video surveillance systems market.
Air cargo currently represents over 35% of the global trade, by value. Major E-Commerce players such as Amazon, Alibaba, and eBay among others have been registered high reliance on air transport for express deliveries, thereby creating significant opportunities for commercial aircraft video surveillance systems installation within cargo planes.
Europe Accounts for Nearly 1/4th Share of Market Revenue
Substantial fleet size and aircraft production have been placing North America at the leading position in commercial aircraft video surveillance market. As suggested by FMI’s report, Europe will also be a significant region, with ~25% revenue share in the global commercial aircraft video surveillance systems market.
Asia Pacific’s market for commercial aircraft video surveillance systems is anticipated to expand at relatively higher growth rate owing to the growing investments for the development of aerospace industry, rapidly expanding fleet, and increasing production and number of air travel passengers.
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Commercial Aircraft Video Surveillance Systems Market: Key Vendors
The report highlights some of the top companies operating in the global commercial aircraft video surveillance systems market such as Securaplane Technologies Inc. (Meggitt Plc), UTC (United Technologies Corporation), Airbus S.A.S., AD Aerospace, Global Airworks Inc., Latecoere Group, navAero AB, Orbit Technologies Ltd., Cabin Avionics Limited, and Kappa Optronics GmbH.
Key Questions Answered by the Report
- What is the size of the commercial aircraft video surveillance systems market?
The commercial aircraft video surveillance systems market was valued at US$ 140.4 million in 2018. The projected growth rate for the commercial aircraft video surveillance systems industry is a healthy 5.1% CAGR between 2018 and 2028.
- Which are the largest markets for commercial aircraft video surveillance systems?
North America will hold a dominant share of the market for commercial aircraft video surveillance systems. Security concerns over potential for domestic or international terrorism is a key aspect driving adoption.
- Which are the top companies in commercial aircraft video surveillance systems market?
Kappa Optronics GmbH, Securaplane Technologies Inc., Cabin Avionics Ltd., orbit Technologies Ltd., UTC, navAero AB, Airbus SAS, Global Airworks Inc., and AD Aerospace are among the leading market players in the global commercial aircraft video surveillance systems market.
- What are the uses of commercial aircraft video surveillance systems?
Commercial aircraft video surveillance systems are primarily used in the security inspection and threat prevention. The industry is also gaining in supply chains management for air cargo transport in the e-commerce sector.
- In what types are commercial aircraft video surveillance systems available?
Manufacturers produce commercial aircraft video surveillance systems in four types – cabin surveillance, cargo surveillance, cockpit surveillance, and ground manoeuvring cameras. Cockpit door and ground manoeuvring camera systems are witnessing higher demand.
- What is the outlook of the Asia Pacific commercial aircraft video surveillance systems market?
The demand for commercial aircraft is expected to double by 2040. Also, pharmaceutical companies are increasingly reliant on air transport, especially for temperature sensitive drug formulations. Consequently, the growth in aircraft production in the APAC region will contribute to growth.
- What is the market positioning and key strategies of market players?
The players in the commercial aircraft video surveillance systems market are pushing towards consolidation of their market share in North America and Europe largely to leverage the presence of aircraft manufacturers such as Airbus and Boeing, and in APAC and MEA to meet the needs of growing airline fleets.
Key Segment
By Product Type
- Cabin Surveillance systems
- Cargo Surveillance Systems
- Cockpit Surveillance systems
- Ground Maneuvering Camera System
By Aircraft Type
- Narrow Body
- Wide Body
- Regional Jets
- Turboprop
By Application
- Personal & Passenger Aircrafts
- Logistics & Cargo Aircraft
By Assembly
- Retro Fit
- Line Fit