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 market size in 2017 – Nearly US$ 135 Mn
Estimated CAGR for the commercial aircraft video surveillance systems market – 5.1% over 2018-2028.
Regulatory framework mandates installation of commercial aircraft video surveillance systems.
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.
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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.
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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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
By Region
North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania
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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.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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