Market Overview:
The global airspeed indicator market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for airspeed indicators in propeller aircraft, jet aircraft and rotorcraft applications across the globe. Additionally, the increasing adoption of advanced technologies such as glass cockpits is also expected to fuel the demand for airspeed indicators over the forecast period. On basis of type, OEMs are expected to account for a major share of the global airspeed indicator market during 2018-2030. However, aftermarket segment is projected register highest CAGR over forecast period owing to replacement needs arising from aging fleet and technological advancements. On basis of application, propeller aircraft segment accounted for majority share in 2017 and is anticipated exhibit moderate growth rate during 2018-2030 owing replacement needs arising from aging fleets across regions.
Product Definition:
An airspeed indicator (ASI) is an aircraft instrument used to indicate the speed of the aircraft relative to the surrounding air.
OEMs:
OEMs are the manufacturer's parts, which means they are made by the same company that makes the product for which they are substitutes. For example, if a car has a speedometer that reads 65 miles per hour and it is replaced with an 85mph speedometer it will show the extra 25mph on the indicator. The OEMs can be distinguished from aftermarket products because of their official status as original equipment parts.
Aftermarket:
Aftermarket is the second hand market for consumer electronic goods. The industry deals in replacement and refurbished products of various consumer electronics such as mobile phones, computers, video games consoles and tablets. Aftermarket can be defined as a secondary or third-party market for the sale of products or services produced or provided by a primary company.
The Air Speed Indicator (ASI) is an instrument used to measure airspeed while flying an aircraft during World War II.
Application Insights:
Propeller aircraft accounted for the largest share of over 40.0% in 2017 and is expected to witness significant growth over the forecast period. The use of air speed indicators in propeller driven aircraft has been made mandatory by law in several countries such as U.S., Canada, Brazil, Japan and European Union owing to their higher safety margins as compared to jet engines which have a lower survival rate when involved in accidents with fatal outcomes.
The demand for rotorcraft is expected to be driven by its application across various military helicopters including Chetak, Mi-17 Hip, Ka-50 Hokum.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017 owing to the high adoption of airspeed indicators by general aviation aircraft manufacturers and OEMs. The region is expected to maintain its dominance throughout the forecast period, with a few countries such as Canada and Mexico expected to witness moderate growth rates over the next eight years.
The European market was valued at USD X million in 2017, which is anticipated to grow at an estimated CAGR of XX% from 2018 to 2030 owing hermetically sealing systems being adopted by most general aviation aircraft manufacturers across Europe are significantly contributing towards market growth in this region as well as other regions around the world since they offer superior performance than traditional pitot tubes do when it comes to moisture resistance, ease of maintenance and cost-effectiveness Airspeed indicator replacement procedure differs slightly between helicopters.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers travelling for both business and leisure purposes. This is expected to drive the demand for air speed indicators in the coming years.
- Technological advancements: Air speed indicators are becoming increasingly sophisticated with each passing day, with features such as GPS tracking and data logging being added to them. This is likely to boost their demand in the near future.
- Growing awareness about safety measures: With aviation accidents on the rise, there has been a growing awareness among people about the importance of safety measures while travelling by air. This is expected to create a positive impact on the sales of air speed indicators in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Speed Indicator Market Research Report
By Type
OEMs, Aftermarket
By Application
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
By Companies
Weldon Pump Inc, Tempest A/Accessories, Piper Aircraft, Peerless Electronics Inc, Miscellaneous Instruments, Lycoming, Kannad Aviation, Jetstream Aviation Products Inc, Continental Motors, Cessna Aircraft, Weldon Pump Inc, Aircraft Spruce
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Air Speed Indicator Market Report Segments:
The global Air Speed Indicator market is segmented on the basis of:
Types
OEMs, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Weldon Pump Inc
- Tempest A/Accessories
- Piper Aircraft
- Peerless Electronics Inc
- Miscellaneous Instruments
- Lycoming
- Kannad Aviation
- Jetstream Aviation Products Inc
- Continental Motors
- Cessna Aircraft
- Weldon Pump Inc
- Aircraft Spruce
Highlights of The Air Speed Indicator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEMs
- Aftermarket
- By Application:
- Propeller Aircraft
- Jet Aircraft
- Rotorcraft
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Speed Indicator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The air speed indicator is a device that measures the speed of an aircraft in the atmosphere.
Some of the major players in the air speed indicator market are Weldon Pump Inc, Tempest A/Accessories, Piper Aircraft, Peerless Electronics Inc, Miscellaneous Instruments, Lycoming, Kannad Aviation, Jetstream Aviation Products Inc, Continental Motors, Cessna Aircraft, Weldon Pump Inc, Aircraft Spruce.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Speed Indicator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Speed Indicator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Speed Indicator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Speed Indicator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Speed Indicator Market Size & Forecast, 2018-2028
4.5.1 Air Speed Indicator Market Size and Y-o-Y Growth
4.5.2 Air Speed Indicator Market Absolute $ Opportunity
Chapter 5 Global Air Speed Indicator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Speed Indicator Market Size Forecast by Type
5.2.1 OEMs
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Speed Indicator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Speed Indicator Market Size Forecast by Applications
6.2.1 Propeller Aircraft
6.2.2 Jet Aircraft
6.2.3 Rotorcraft
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Speed Indicator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Speed Indicator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Speed Indicator Analysis and Forecast
9.1 Introduction
9.2 North America Air Speed Indicator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Speed Indicator Market Size Forecast by Type
9.6.1 OEMs
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Speed Indicator Market Size Forecast by Applications
9.10.1 Propeller Aircraft
9.10.2 Jet Aircraft
9.10.3 Rotorcraft
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Speed Indicator Analysis and Forecast
10.1 Introduction
10.2 Europe Air Speed Indicator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Speed Indicator Market Size Forecast by Type
10.6.1 OEMs
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Speed Indicator Market Size Forecast by Applications
10.10.1 Propeller Aircraft
10.10.2 Jet Aircraft
10.10.3 Rotorcraft
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Speed Indicator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Speed Indicator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Speed Indicator Market Size Forecast by Type
11.6.1 OEMs
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Speed Indicator Market Size Forecast by Applications
11.10.1 Propeller Aircraft
11.10.2 Jet Aircraft
11.10.3 Rotorcraft
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Speed Indicator Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Speed Indicator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Speed Indicator Market Size Forecast by Type
12.6.1 OEMs
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Speed Indicator Market Size Forecast by Applications
12.10.1 Propeller Aircraft
12.10.2 Jet Aircraft
12.10.3 Rotorcraft
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Speed Indicator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Speed Indicator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Speed Indicator Market Size Forecast by Type
13.6.1 OEMs
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Speed Indicator Market Size Forecast by Applications
13.10.1 Propeller Aircraft
13.10.2 Jet Aircraft
13.10.3 Rotorcraft
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Speed Indicator Market: Competitive Dashboard
14.2 Global Air Speed Indicator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weldon Pump Inc
14.3.2 Tempest A/Accessories
14.3.3 Piper Aircraft
14.3.4 Peerless Electronics Inc
14.3.5 Miscellaneous Instruments
14.3.6 Lycoming
14.3.7 Kannad Aviation
14.3.8 Jetstream Aviation Products Inc
14.3.9 Continental Motors
14.3.10 Cessna Aircraft
14.3.11 Weldon Pump Inc
14.3.12 Aircraft Spruce
