Commercial Aircraft Video Surveillance Systems Market to Grow at CAGR of 5.1% through 2028

Key Research Findings

1. Commercial aircraft video surveillance systems market size in 2017 – Nearly US$ 135 Mn
2. Estimated CAGR for the commercial aircraft video surveillance systems market - 5.1% over 2018-2028.
3. Regulatory framework mandates installation of commercial aircraft video surveillance systems.

Global organizations, such as ICAO (International Civil Aviation Organization), Federal Aviation Administration, European Aviation Safety Agency, International Aerospace Quality Group, European Aerospace Quality Group and others, have made it mandatory for aircrafts to be installed with commercial aircraft video surveillance systems, the most recommended among which are cabin and cockpit commercial aircraft video surveillance systems.

• Growing terrorist activities and cyber threats coupled with increasing cases of passenger misbehavior have led to a noteworthy rise in demand for commercial aircraft video surveillance systems in recent years.

• IATA (International Air Transport Association) projects the number of air travel passengers to double between 2016 and 2035 - i.e. from around 3.8 billion to more than 7 billion. This, in turn, will drive the demand for commercial aircraft video surveillance systems.

• Demand for commercial aircrafts is anticipated to be more than 2X over next two decades. The number of jet planes will also nearly double, reaching 48,000 by 2037, and the single aisle (narrow body) aircrafts will account for ~70% of this demand. This is another important factor that will generate noteworthy demand for commercial aircraft video surveillance systems during the forecast period.

• Air cargo represents over 35% of the global trade by value. Major end-use industries, such as pharmaceutical companies rely on air transport owing to improved speed and efficiency in tran

• sporting high value, time and temperature sensitive drugs, particularly vaccines. This has been resulting in rising demand for commercial aircraft video surveillance systems from freighter planes.

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North America will hold a relatively dominant share in global commercial aircraft video surveillance systems market.

The regional mandate compelling installation of commercial aircraft video surveillance systems in all new aircraft deliveries as well as retrofitting of the same in the existing fleet will remain the key reason for market growth in this region.

APAC and MEA, with significantly growing aircraft production, are likely to generate high demand for commercial aircraft video surveillance systems.Cockpit and ground maneuvering camera systems gaining traction.

These type of systems have been made a mandatory feature in almost all aircrafts. There has also been growth in sales of cabin commercial aircraft video surveillance systems owing to Increasing cases of passenger misbehavior with crew and other fellow passengers. Using these commercial aircraft video surveillance systems, crew members can record video and store it for a duration of 1-6 months.

Top Three Factors Shaping Commercial Aircraft Video Surveillance Systems Market

Growing Industrial Production, Increasing E-Commerce Activities, & Flourishing Global Trade to Push Demand for Cargo Planes

There has been significant growth in the number of freighter planes due to expanding E-Commerce and pharmaceutical sectors and outperforming global trade growth since 2014. Major E-Commerce players, such as Amazon, Alibaba, eBay, amongst others, also trust air transport for express deliveries. Companies must ensure proper supply chain management. Aircraft owners must also make all efforts to protect belongings/parcels from getting damaged while loading and unloading. This will generate noteworthy demand for commercial aircraft video surveillance systems.

Advanced Night Vision Cameras and HD Cameras Trending in Commercial Aircraft Video Surveillance Systems Market

Manufacturers are focusing on the development of advanced night vision cameras and high definition cameras with day/night capability to address all cabin conditions. This has been a major focus area for the key companies in commercial aircraft video surveillance systems marketplace.

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Global Commercial Aircraft Video Surveillance Systems Market Structure Analysis

• The global Commercial Aircraft Video Surveillance Systems market is a consolidated market wherein Tier 1 companies hold more than 60-70% revenue share.
• Top companies in the Commercial Aircraft Video Surveillance Systems market include 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
• As a part of their business strategy, prominent commercial aircraft video surveillance systems players have been focusing on gaining market share in North America and Europe markets as these two regions account for dominant share in terms of aircraft fleet and production
• Some of the commercial aircraft video surveillance systems market players have also shown keen interest in expanding their geographical presence in Middle East and Africa and Asia Pacific regions with growing aircraft production to cater to the increasing number of air travel passengers
• As a differentiating strategy, commercial aircraft video surveillance systems market participants are focusing on cost reduction and development of highly efficient camera syste

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