Commercial Aircraft Video Surveillance Systems Market worth $162.86 Million by 2020 - New Report by MarketsandMarkets
(PRWEB) March 03, 2015 -- According to the new market research report "Commercial Aircraft Video Surveillance Systems Market by Type (Cockpit Door Surveillance Systems, Cabin Surveillance System, Ground Maneuvering Camera System, Flight Safety Camera Systems), by Aircraft Type (VLA, WB, NB, RTA, BJ), by Geography - Forecast & Analysis to 2014 - 2020", the Aircraft Video Surveillance Systems Market is expected to reach $162.86 million by 2020, growing at a CAGR of 4.21% from 2014 to 2020.
Browse 81 market data tables and 71 figures spread through 167 pages and in-depth TOC on "Commercial Aircraft Video Surveillance Systems Market - Forecast & Analysis to 2014 - 2020"
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The report provides market analysis of the commercial aircraft video surveillance systems market for the next six years. It explains market and technology trends to gain competitive market intelligence. The market share of the leading companies in this market has been covered under competitive analysis. The impact of drivers and restraints has been analyzed and their impact on this market has been listed to provide an in-depth insight of the market.
The commercial aircraft video surveillance systems market is highly competitive, with a limited number of market players. This report studies the growth strategies adopted by the market players. The strategies adopted by the players to expand their global presence and increase their market share includes partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.
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The safety and security of the aircraft and its passengers has been amongst the top priorities for airline companies since the time immemorial. In-flight video surveillance system is helpful in many ways such as preventing inappropriate cockpit access of the passengers, helps in avoidance of baggage thefts, and it also helps in monitoring flight areas that are sometimes inaccessible for the flight crew; the area above the galley or in the avionics bay for detecting smoke and fire.
Of the regions considered for this market, Asia-Pacific contributes the largest portion of the market share of the total market. Since, APAC being the largest growing economies in the world, the aircraft delivery will increase, which further increase the air traffic. This will require aircraft video surveillance systems to monitor the activities inside the aircraft.
The commercial aircraft video surveillance systems market is estimated to grow at a CAGR of 4.21%, to reach $162.86 million by 2020. The presence of cameras and surveillance systems helps in discouraging unlawful and forbidden activities thereby adding to the safety and security concerns for the passengers. The proven usefulness of surveillance systems inside the aircraft will swell the growth of video surveillance systems in the near future. Narrow body aircraft show the highest business potential throughout the study period.
The industry is witnessing new entrants from emerging economies in the narrow body segment. These, in turn, are acting as a boon for aircraft component manufacturers. The Airbus A320 family and Boeing 737 are significant aircraft in today’s aviation network.
The introduction of new aircraft will enable airlines to strengthen their existing competitive strategies and may allow them to develop capabilities that enable new ways to grow in the market. The delivery of upcoming aircraft such as B777 max, B787, A320neo, A380, and C919 is driving the market of technologically advanced cockpit door surveillance system.
The commercial aircraft video surveillance market report provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of major companies in the industry, and other key news. It provides information about the leading competitors in this market.
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