Air Data Indicator systems are pneumatic or electronic systems that measure and display aircraft static and dynamic air pressure and air speed. These systems determine altitude, airspeed and vertical speed for pilots and autopilot systems. Air Data Indicator systems ensure accurate readings of flight conditions such as air temperature, density and pressure that are crucial for optimal aircraft operations and safety. The global Air Data Indicator Market is estimated to be valued at US$ 1.65 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the Air Data Indicator market is the increasing demand for lighter and more cost-effective air data sensing systems. With increasing fuel costs and focus on environmental sustainability, aircraft manufacturers are focusing on reducing aircraft weight. This has driven demand for miniaturized and integrated air data sensing systems that combine multiple sensor components into a compact package. Many vendors are developing 3D printed air data sensors that are 30-50% lighter than traditional sensors. 3D printing enables intricate internal geometries and part consolidation which reduces weight. Another major trend is the increasing retrofitting of air data indicator systems in existing aircraft fleets. As aircraft grow older, their onboard systems need replacement or upgrades to support longer maintenance intervals and comply with changing regulations. This has opened up opportunities for suppliers of retrofit systems.

Porter’s Analysis

Threat of new entrants: Low-medium. High capital requirements and economies of scale make entry difficult. However, scope for niche players catering specific needs.
Bargaining power of buyers: Medium. Presence of many buyers reduces their bargaining power. However, scope to shift to substitutes and focus on price.
Bargaining power of suppliers: Medium. Few major suppliers have some control over pricing but easy availability of raw materials reduces their power.
Threat of new substitutes: Medium-High. Threat from new generation composite wood floors and tiles. However, carpets have strong brand identity and preferences.
Competitive rivalry: High. Market dominated by few large players leading to intense competition. Focus on product innovation, brand building and geographical expansion.

Key Takeaways

The global Air Data Indicator Market Growth is expected to witness high growth over the forecast period.

Regional analysis: Europe is expected to be the second largest market for air data indicators during the forecast period. Growing aircraft fleet and installation of advanced avionics systems will drive the European market. Asia Pacific is projected to be the fastest growing regional market between 2023-2030. Rising aircraft deliveries and procurement of military aircraft are anticipated to boost the adoption of air data indicators in Asia Pacific.

Key players

Key players operating in the air data indicator market are Mohawk Industries, IVC Group (Mohawk Industries subsidiary), Tarkett, Shaw Industries Group, Inc. (a subsidiary of Berkshire Hathaway Inc.), Armstrong Flooring, Inc., Mannington Mills, Inc. Major players are focusing on new product launches and expanding their presence across different regions to strengthen their market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it