Report : Aircraft Video Surveillance Market Forecast to 2027 - COVID-19 Impact and Global Analysis By System Type (Cockpit Door Surveillance System, Cabin Surveillance System, and Environmental Camera System), Fit Type (Retrofit and Line Fit), and Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft)
According to the latest research report titled “Aircraft Video Surveillance Market Forecast to 2027–COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 630.52 million by 2027, registering a CAGR of 4.9% during 2020–2027.
Increasing Demand for Enhanced Security in Aircraft to Drive Market Growth
To improve safety and security for passengers and crew members, airline companies are adopting video surveillance systems. Further, post 9/11 terrorist attack, the importance of security and surveillance systems has increased, especially in commercial aircraft. Video surveillance systems that monitor passenger cabins for suspicious activities are providing enhanced control to the aircraft pilot. Countries such as India, China, the UAE, and Taiwan are strongly expanding their commercial aircraft fleet, which is creating strong growth opportunities for the aircraft video surveillance market players.
Aircraft manufacturers, such as Airbus and Boeing, are installing video surveillance systems in aircraft to improve security levels and offer enhanced visualization for pilots. For instance, Airbus is offering a camera-based video surveillance system, a stand-alone system as a retrofit solution suitable for various aircraft models—such as A320, A330, A340, A350, and A380.
Business aviation is becoming a new tool for corporate development and growth strategy for enterprises. According to Dassault Aviation, more than 17,000 business jets are offering services for customers across the world. The US holds two-thirds of the fleet, and countries—such as Russia, China, and India—are experiencing a double-digit growth rate from the past few years. With the rising production of business jets, the demand for video surveillance solutions is also increasing. Video surveillance systems are being deployed in business aircraft to enhance situational awareness and record incidents for analysis.
Key Findings of Study:
• Companies from the different regions are forming partnerships to develop advanced commercial aircraft technologies. With the increasing number of aircraft, consumption of video surveillance systems is also increasing. For instance, in September 2020, Latécoère, a French aircraft video surveillance system manufacturer and Aerion company formed partnership to develop modern video surveillance system for the AS2 supersonic business jet. The Latécoère is providing the advanced high-definition camera technology to integrate in video surveillance system.
• European governments and companies are taking initiatives to introduce advanced security systems for aircraft. In August 2016, European Aviation Safety Agency (EASA) introduced the minimum cockpit occupancy rule for aircraft operators. Further, aircraft manufacturing companies are expanding their footprint in the European region. For instance, in February 2017, Boeing expanded its presence in the European market with a new production facility in the UK. The company invested US$ 24.8 million to build an in-house manufacturing plant.
• Video surveillance systems ensure security for passengers and crew during flights and improve situational awareness for pilots. Further, growing emphasis on regulatory requirements and customers service complaints against airlines are the major factors propelling the adoption of video surveillance solution in aircraft. To improve the security level, airline companies are installing cockpit door surveillance systems to restrict unauthorized access to the cockpit area. Further, advancements in aircraft environmental camera systems, to offer detailed information about traffic, weather, and terrain, are supporting the market growth.