Technavios market research analyst anticipates the global commercial aircraft video surveillance market to grow at a CAGR of approximately 5% by 2020. The growing emphasis on passenger safety is predicted to bolster the demand for surveillance systems during the forecast period. Moreover, the introduction of stringent policies by regulatory bodies is envisaged to necessitate the incorporation of video cameras for surveillance inside an aircraft.
The augmented demand for cost-effective surveillance equipment is the key driver for the growth of this market. Recently, it has been observed that numerous airline companies are looking to reduce their total cost of operation by using the latest avionics systems in their aircraft. Such systems allow centralized monitoring and help to control a large number of interconnected and electrically powered equipment and subsystems in the cabin.
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Segmentation by aircraft type and
analysis of the commercial aircraft video surveillance systems market
- Narrow-body
- Wide-body
- Regional jets
In this market research, Technavio
analysts have anticipated the narrow-body aircraft segment to account for more
than 67% of the total market share by 2020. The recent increase in the demand
for narrow-body aircraft from organizations across the globe is predicted to
result in this segments high market share during the forecast period.
Geographical segmentation of the
commercial aircraft video surveillance systems market
- Americas
- EMEA
- APAC
Technavio market research analysts
have estimated the Americas to be the highest revenue-generating segment during
the predicted period. The recent increase in air passenger traffic in this
region is predicted to necessitate the development of automated systems, which
are capable of capturing passenger behavior and enhancing the safety and
security of passengers. This increase in air passenger traffic is estimated to
result in this regions high revenue generating a capacity of more than USD 60
million by 2020.
Competitive landscape and key
vendors
The global market for commercial
aircraft video surveillance systems is highly fragmented due to the presence of
numerous large and small-sized players. To gain traction in this market, many
vendors are increasing their capital for infrastructure development and
R&D. The vendors in this market compete on the basis of product
reliability, weight, size, and price to gain maximum market prominence during
the predicted period.
The leading vendors in the market
are -
- AD Aerospace
- Cabin Avionics
- Meggitt
- Orbit
- United
The other prominent vendors of the
market include Aerial View Systems, Global Epoint, Navaero, and Strongpilot.
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Key questions answered in the report
include
·
What will the market size and the
growth rate be in 2020
·
What are the key factors driving the
global commercial aircraft video surveillance systems market
·
What are the key market trends
impacting the growth of the commercial aircraft video surveillance systems
market
·
What are the challenges to market
growth
·
Who are the key vendors in this
market space
·
What are the market opportunities
and threats faced by the vendors in the global commercial aircraft video
surveillance systems market
·
Trending factors influencing the
market shares of the Americas, EMEA, and APAC
·
What are the key outcomes of the
five forces analysis of the commercial aircraft video surveillance systems
market
Related reports:
Global Flight Navigation Systems
Market 2015-2019
Global Commercial Aircraft NextGen Avionics Market 2015-2019
Global Commercial Aviation Crew Management Systems Market 2016-2020
Global Commercial Aircraft NextGen Avionics Market 2015-2019
Global Commercial Aviation Crew Management Systems Market 2016-2020
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