Outlook on the Aircraft Interface Device Global Market to 2028 - Growing Demand for Wireless AIDs Presents Opportunities - ResearchAndMarkets.com
Air Transport Association (IATA), the global commercial aviation passenger count in 2020 accounted for 1.8 billion, which is expected to rise to 7.8 billion by 2036. According to Boeing's commercial market output report, Asia Pacific is anticipated to be the highest revenue-generating region, with a contribution of 33% to the global passenger count in 2019, and it is expected to contribute up to 41% by 2040
DUBLIN--(BUSINESS WIRE)--Sep 16, 2022--
The "Aircraft Interface Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform, Connectivity, Fit Type, and Aircraft Type" report has been added to ResearchAndMarkets.com's offering.
The Aircraft Interface Device market is projected to reach US$ 354.10 million by 2028 from US$ 174.06 million in 2021; it is expected to grow at a CAGR of 11.5% from 2022 to 2028.
There has been significant growth in the commercial aviation industry in the past decade. The airlines in the developed and developing nations are ordering a high number of aircraft to meet the constantly rising air travel demand. Owing to the continuously growing disposable income among the global population, the need for air travel is also increasing rapidly. Commercial air traffic is anticipated to maintain a constant growth rate, despite various challenges, such as rising aviation fuel costs and technical faults causing accidents. These factors are propelling the growth of the aircraft interface device market.
