South America Aircraft Video Surveillance Market
No. of Pages: 77 | Report Code: TIPRE00021770 | Category: Electronics and Semiconductor
No. of Pages: 77 | Report Code: TIPRE00021770 | Category: Electronics and Semiconductor
Improving social conditions and changing economic structure are accelerating the pace of the region’s aviation industry growth. Countries in SAM are upgrading their aircraft systems with modern technologies to improve flight security. Commercial aircraft service providers are expanding their services in the region. For instance, in December 2020, JetBlue airline started a new flight service between Cheddi Jagan International Airport (GEO) in Guyana and John F. Kennedy International Airport (JFK) in New York. According to the Boing commercial market outlook report, Latin America is likely to witness a rise in demand for fleet deliveries, i.e., around 3,040 fleet deliveries in the next 20 years. Therefore, increasing number of airlines and aircraft, with growing R&D activities in the airline industry is creating a tremendous demand for aircraft video surveillance systems, thereby augmenting the market growth.
Brazil and Argentina are propelling the market growth by generating the demand for advanced aircraft equipped with modern security system for surveillance. According to Embraer, an aircraft manufacturing company, 66 new airports would-be built-in Brazil under the 2026 Privatization Plan, owing to substantial rise in number of passengers. The Increase in passengers across airports, the need for new aircraft fleet would surge, thereby, boosting the demand for aircraft video surveillance system. According to the Embraer company reports, in 2019, Latin America had 430 aircraft fleet in service and the number is projected to reach 810 by 2029. This statistic is analyzed to forecast the market size of aircraft video surveillance market during the forecast period.
Strategic insights for the South America 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$ 64.37 Million |
| Market Size by 2027 | US$ 80.89 Million |
| Global CAGR (2020 - 2027) | 3.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By System Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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 SAM is expected to grow from US$ 64.37 Mn in 2019 to US$ 80.89 Mn by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027. Rising Need for Improved Safety 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, focus 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, and environmental cameras system. In 2019, the cockpit door surveillance systems held the largest share SAM aircraft video surveillance market. Based on fit type, the aircraft video surveillance market is divided into retrofit and line-fit. Similarly, based on aircraft type, the market is bifurcated into wide body aircraft and 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 SAM 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 Cabin Avionics Ltd.
The South America Aircraft Video Surveillance Market is valued at US$ 64.37 Million in 2019, it is projected to reach US$ 80.89 Million by 2027.
As per our report South America Aircraft Video Surveillance Market, the market size is valued at US$ 64.37 Million in 2019, projecting it to reach US$ 80.89 Million by 2027. This translates to a CAGR of approximately 3.9% during the forecast period.
The South America 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 South America Aircraft Video Surveillance Market report:
The South America Aircraft Video Surveillance Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Aircraft Video Surveillance Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Aircraft Video Surveillance Market value chain can benefit from the information contained in a comprehensive market report.
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