The aerospace electrical inserts market will be witnessing a remarkable growth pace, due to the growing frequency of international and domestic air travel. There is a growing need for superior catering services, as airlines pelt along to offer differentiation based on in-flight services. Due to this, the need for aircraft galley equipment will increase significantly, aiding in the growth of the aerospace electrical inserts market over the next decade. Also, as galley equipment companies focus on providing reliable and lightweight galley equipment according to the needs of the aviation sector, the market players are expected to keep up with the same trend.
The expanding requirement for customized aircraft interiors is additionally projected to help the expansion of the market in the near future. The requirement for customized aircraft interiors is high and will drive demand for aerospace electrical inserts. A rising number of international tourists, the numbers of long-haul and international flights have augmented over the past few years. This trend is likely to continue in the approaching years, pushing the demand for aerospace electrical inserts.
Integration of Smart Technologies in Galley Equipment to Influence Market Growth
The development of galleys using smart technologies is expected to create new avenues for the aerospace electrical inserts market growth. For instance, Safran Cabin recently developed the Smart System Integrator Galley at Frankfurt Airport for the Boeing ecoDemonstrator. The galley’s features include an access point for communication to the iCabin network and Boeing, integrated & connected sensors, and connected E-Panel for monitoring noise, a connected electrical oven, connected E-Locks, humidity, and temperatures. The galley also incorporates a smart trolley solution called Sophy that optimizes and controls catering operations by communicating real-time, sharing and collecting, accurate data.
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COVID-19 Impact Analysis
The novel COVID-19 pandemic has hindered the aerospace electrical inserts market alike any other industry. With partially resumed production to implement stringent safety and health measures, the work stations would only re-open if they abide by self-distancing, cleaning, and hygiene guidelines.
North America & Europe to Remain Significant Markets
Asia Pacific will be a lucrative market, as it is home to rapidly growing economies that foresee the quick growth of their international as well as domestic airline fleets. Several airlines have placed orders for some huge new aircraft and are focusing on higher consumer service levels, whereas there is also the rising demand for aircraft retrofits, assisting the growth of the market. North America and Europe continue to stay significant markets for aerospace electrical inserts, with high customization needs and stable demand. India, China, Germany, the US, UAE, UK are a few of the major countries to witness strong demand growth.
Competitive landscape
Due to the individual airline operator’s customized preferences, players have the opportunity to offer flexible aerospace electrical inserts by adapting the customized needs of its customers and comply with the industry and international standards. The inserts are generally expected to comply with the ARINC or ATLAS standards worldwide, among others. With rising competition in the market, market players are hastening to offer aerospace electrical inserts that are low weight, reliable, and easily adaptable to retrofit or new aircraft requirements.
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