The Global Aviation Digital Maps Software Market size is projected to grow at a CAGR of around 6.51% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
Global Aviation Digital Maps Software Market Driver:
Rising Government Investment in the Aerospace & Defense Industry: The increasing government investment in the development & manufacturing of aircraft across the globe boosted the demand for the integration of digital maps software in aircraft during the historical period. The digital maps software includes AI technology, which helps capture real-time tracking of aircraft, monitoring & capturing of data, and provides reliable conditions to aircraft pilots for the landing of aircraft, in the worst situation. Moreover, increasing military expenditure for fleet size expansion, owing to rising geo-political tension among the companies is further driving the demand for digital maps software in the forecast period. For instance:
In September 2021, Tata & Airbus signed an agreement of USD2.9 billion with the central government to manufacture C-295 military aircraft in Uttar Pradesh, India.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Aviation Digital Maps Software Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By End Users
- Commercial Airports
- Aeronautics
- Commercial Aircrafts
- Passenger Aircrafts
- Cargo Jets
- Helicopters
- Military Aircrafts
- Fighter Jets
- Cargo Jets
- Helicopters
- Others (Special Mission Aircrafts & Drones, etc.)
- Commercial Aircrafts
- By Region
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East & Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – KONGSBERG GEOSPATIAL Ltd., ENSCO, Inc., IDS INGEGNERIA DEI SISTEMI S.P.A., L3Harris Technologies, Inc., Elbit Systems Ltd., Jeppesen – A Boeing Company, Honeywell International Inc., Garmin International, Inc. are looking forward to strengthening their market positions.
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