Aircraft Video Surveillance Market is Emerging with 4.9% of CAGR by 2027 – Meggitt PLC, Collins Aerospace, a Raytheon Technologies Company, Parker Hannifin Corporation, BAE Systems plc, KID-Systeme

Research Reports

Mar 01, 2021

According to our latest market study on “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), Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft), and Geography” the market was valued at US$ 472.75 million in 2019 and is projected to reach US$ 630.52 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027. The report highlights the key factors driving the market growth and prominent players with their developments in the market.

Airline companies are installing video surveillance systems to monitor the passenger cabin area for disruptive or suspicious activities. The COVID-19 pandemic has had several impacts on the market growth such as slowdown in production and delays in projects of several countries due to unstable economy.

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Due to COVID–19 pandemic impact, in November 2020, Boeing delivered 7 commercial jets as compared to 24 deliveries in the same month last year. The commercial sector experienced a major setback as domestic as well as international flights were put on hold for a certain period. The airline companies postponed or cancelled the new fleet expansion plans owing to a major economic impact. Hence, the demand for new aircraft is reduced, which directly affected the procurement of aircraft video surveillance solutions. However, the number of narrow-body aircraft and business aircraft has started to escalate in post-lockdown period as certain flight restrictions are eased. Increasing volume of commercial aircraft in the global market owing to rising number of passengers is expected to be a key factor for the market growth during the forecast period. There is a tremendous demand for video surveillance systems in the region as aircraft manufacturing companies are well aware of newer technologies. For instance, Airbus is offering advanced security and surveillance system in its A320, A330, A350, and A380 series aircraft models.

The aviation industry is continuously developing new solutions to enhance in-flight security and safety levels for passengers and crew members. Rising demand for video surveillance solutions to provide a thorough overview of aircraft to the operator is propelling the aircraft video surveillance market growth. Further, surge in number of business aircraft is creating a new opportunity for the market players to develop efficient aircraft video surveillance systems. Growing demand for small and narrow-body aircraft fleet from developing as well as developed nations is propelling the market growth. Rising number of customers service complaints against airlines and regulatory requirements are mounting the demand for aircraft video surveillance systems. Airline companies are installing video surveillance systems to monitor the passenger cabin area for disruptive or suspicious activities. These surveillance systems can be used as an evidence for prosecution, such as the video footage will help to visualize the incident for better understanding.

Strategic Insights

The players operating in the aircraft video surveillance market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2021, Aerion and Latécoère joined forces to develop video surveillance system for the business jet, AS2 supersonic. The production of AS2 supersonic will commence in 2023 in Aerion Park, FL, the US and the video surveillance system will feature high-definition camera with integrated artificial intelligence.

In 2019, AD Aerospace Ltd. signed a contract with Boeing, under which the company will provide 16 cameras, and aerospace server for the Boeing 747 Dreamlifter fleet, which is responsible for transit of B787 Dreamliner structural parts from and to manufacturing sites around the globe.

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