Europe Aircraft Video Surveillance Market
No. of Pages: 93 | Report Code: TIPRE00021100 | Category: Aerospace and Defense
No. of Pages: 93 | Report Code: TIPRE00021100 | Category: Aerospace and Defense
The commercial aviation sectors in Europe are inclined toward advanced aircraft technologies. France, the UK, and Russia have a major manufacturing base of aircraft components with a large number of aircraft manufacturing companies. Strong economic conditions and initiatives taken by the European governments to strengthen flight security are the major factors propelling the growth of the market in Europe. Also, countries such as Russia, France, Germany, and Spain have a large aircraft fleet. Germany and France are the major exporters of advanced aircraft technologies and are leading the growth of the aircraft video surveillance market in Europe. Moreover, several airlines in Poland and the Czech Republic are upgrading their aircraft with an advanced video surveillance system to achieve optimum security in flights. European governments and companies are taking initiatives to introduce advanced security systems for aircraft. In August 2016, European Aviation Safety Agency (EASA) introduced the minimum cockpit occupancy rule for aircraft operators. According to this rule, at least one qualified pilot has to stay in the cockpit area to control the aircraft. This new rule was introduced after the Germanwings 9525 aircraft crash incident in 2015. Moreover, another new rule, such as cockpits must be equipped with cameras to monitor the area in front of the cockpit door, was introduced to ensure safety in the aircraft. Therefore, an advanced system such as surveillance cameras is installed in the commercial aircraft to improve cockpit security. Further, aircraft manufacturing companies are expanding their footprint in the European region. For instance, in February 2017, Boeing expanded its presence in the European market with a new production facility in the UK. The company invested US$ 24.8 million to build an in-house manufacturing plant. In December 2019, AD Aerospace, a UK-based company introduced a newly developed high-definition external camera, which was designed to provide visualization of the external environment of aircraft and help pilot with ground maneuvering. Also, the camera offers Up to 1080p HD resolution and compatibility to work in harsh environmental conditions. Such new development in video surveillance solution with high-definition footage quality is fueling the market growth. The aircraft video surveillance market in the European region is growing at a considerable rate; however, it has experienced a major downturn in 2020 due to the COVID-19 pandemic. The restriction on international flights impacted negatively on the aviation industry revenue, which, in turn reduced the demand for video surveillance systems. Further, a new strain of COVID-19 has affected the aviation industry as air transportation revenue is declined due cancellation of flights. Hence, delays in aircraft expansion projects reduced aircraft purchase in the commercial aircraft sector, thereby creating a negative impact on the aircraft video surveillance market growth.
In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of COVID-19 has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This move by the airlines has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft video surveillance market players. Airbus, a leading and forerunner in Europe's aircraft production volume, delivered only 477 aircraft during January to November 2020, compared to 725 aircraft during the period from January to September 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, have also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft video surveillance market as the demand for these systems declined among the European aircraft manufacturers mentioned above. Although, France, Italy, the UK, and Russia are among the key countries that have higher number of aircraft manufacturers, they are the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.
Strategic insights for the Europe Aircraft Video Surveillance provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 173.19 Million |
| Market Size by 2027 | US$ 234.00 Million |
| Global CAGR (2020 - 2027) | 5.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By System Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Aircraft Video Surveillance refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Aircraft Video Surveillance market in Europe is expected to grow from US$ 173.19 Mn in 2019 to US$ 234.00 Mn by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The Rising Demand for Enhanced Security in Aircraft in developed countries has led to increase in the adoption Aircraft Video Surveillance. Countries with high GDP—the US among others—are vigorously carrying out large-scale industrialization and infrastructure developments
Moreover, Emphasis on Volumes of Aircraft Order and Delivery are further expected to bolster the market growth.
The market for Aircraft Video Surveillance market is segmented into system type, fit type, aircraft type and country. Based on system type, the market is segmented into Cockpit Door Surveillance Systems, Cabin surveillance systems, environmental cameras system. In 2019, the Cockpit Door Surveillance Systems held the largest share Europe Aircraft Video Surveillance market. Based on fit type the Aircraft Video Surveillance market is divided into Retrofit, Line-fit. Similarly, based on aircraft type, the market is bifurcated into wide body aircraft, narrow-body aircraft. The narrow-body aircraft segment contributed a substantial share in 2019
A few major primary and secondary sources referred to for preparing this report on the Europe Aircraft Video Surveillance Market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AD Aerospace Ltd.
The Europe Aircraft Video Surveillance Market is valued at US$ 173.19 Million in 2019, it is projected to reach US$ 234.00 Million by 2027.
As per our report Europe Aircraft Video Surveillance Market, the market size is valued at US$ 173.19 Million in 2019, projecting it to reach US$ 234.00 Million by 2027. This translates to a CAGR of approximately 5.2% during the forecast period.
The Europe Aircraft Video Surveillance Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Video Surveillance Market report:
The Europe Aircraft Video Surveillance Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aircraft Video Surveillance Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aircraft Video Surveillance Market value chain can benefit from the information contained in a comprehensive market report.
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