Aircraft Turn Coordinator Market Size was estimated at 1.82 (USD Billion) in 2022.The Aircraft Turn Coordinator Market Industry is expected to grow from 1.9(USD Billion) in 2023 to 2.8 (USD Billion) by 2032. The Aircraft Turn Coordinator Market CAGR (growth rate) is expected to be around 4.4% during the forecast period (2024 - 2032).
Key market drivers for aircraft turn coordinators include the growing demand for air travel, increasing aircraft production, and advancements in aviation technology. The rise in the number of commercial airlines, as well as the increasing use of private and corporate jets, is driving the need for reliable turn coordinators. Additionally, the development of electric and hybrid aircraft is expected to create new opportunities for turn coordinators, as these aircraft require specialized navigation systems.Opportunities to be explored or captured in the aircraft turn coordinator market include the development of new technologies, such as solid-state turn coordinators and integrated flight control systems. Additionally, the growing popularity of unmanned aerial vehicles (UAVs) is creating a new market for turn coordinators.Recent trends in the aircraft turn coordinator market include the increasing adoption of electronic turn coordinators over mechanical models, as well as the development of turn coordinators with advanced features, such as night vision compatibility and terrain mapping. Furthermore, the use of turn coordinators in conjunction with other navigation systems, such as GPS and inertial navigation systems, is becoming more common.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
A growing number of air travelers is one of the factors that drive the market for aircraft turn coordinators. Indeed, in line with the growth in the number of people who choose air travel, airlines have been expanding their fleets and increasing flight frequency. This, in turn, drives the market in question as it is essential for the safe and efficient navigation of such an aircraft. The data provided by the International Air Transport Association shows that the number of air passengers is expected to reach 4.6 billion by the year 2025.Noteworthy that this number was around 3.8 billion as of the year 2019. Overall, air travel is expected to increase in relevance in the years to come against the backdrop of growing demand, which will likely positively affect the market for aircraft turn coordinators.
Besides, advancements in aircraft technology are also contributing to the growth of the aircraft turn coordinator market industry. Nowadays, new aircraft are fitted with the latest and sophisticated navigation systems, which call for more accurate and reliable turn coordinators. On the other hand, the increasing use of fly-by-wire technology is generating demand for more effective turn coordinators capable of providing real-time information to pilots.These technological aspects are likely to become a new normal and part of requirement development before they even start being inhibited in the upcoming future.
One of the most significant trends that have been developing in the aviation industry in recent years is the growing focus on safety. As a result, more and more systems and devices are used to ensure that the flights are as safe as possible. One such device is an aircraft turn coordinator. This is a very important device because it ensures the safety of the aircraft and the passengers. This device provides the pilots with information about the aircraft’s attitude and heading, which is essential for navigation.The number of aviation accidents and incidents has been rising, which is why the trend of growing focus on safety is expected to continue for the next few years.
The Aircraft Type segment of the Aircraft Turn Coordinator Market consists of Fixed-Wing Aircraft and Rotary-Wing Aircraft. According to the statistics, the Fixed-Wing Aircraft segment accounted for a higher market share in 2023 and will continue to dominate during the projected period. The rise in revenue for the segment is attributed to the increasing demand for Fixed-Wing Aircraft in commercial aviation, which has been noted amid rising air travel. Moreover, the segment will witness a notable boost due to the expanding production of new models. In the same period, the Rotary-Wing Aircraft segment is projected to experience an approximate growth rate.The availability of the product for military and civil uses in rescue and social support missions, such as medical evacuation and law enforcement, will give the segment a point of growth. Simultaneously, the improving technologies and the arrival of new rotary-wing aircraft models will open additional pathways for exploration. According to the market data, the Aircraft Turn Coordinator Market will reach USD 2.1 billion by 2024, growing with an estimated CAGR of 4.6% from 2024 to 2032. Revenue rise is fuelled by an all-time high need for safety and navigation systems in the aviation industry.Furthermore, the market will benefit from the increased adoption of modern technologies, such as digital turn coordinators and wholly integrated avionics systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Display Type segment plays a crucial role in the Aircraft Turn Coordinator Market, with each type offering distinct advantages in aircraft navigation. Analog Turn Coordinators provide pilots with traditional needle-based indications, offering a familiar and intuitive interface. Digital Turn Coordinators, on the other hand, use advanced displays to provide precise and real-time information. In 2023, the Analog Display segment held a dominant share of the market, accounting for over 60% of the Aircraft Turn Coordinator Market revenue.However, the Digital Display segment is anticipated to exhibit significant growth in the coming years, driven by increasing demand for advanced and integrated navigation systems in aircraft. By 2028, the Digital Display segment is projected to surpass the Analog Display segment in terms of market share, capturing over 45% of the Aircraft Turn Coordinator Market revenue. This shift towards Digital Turn Coordinators is attributed to the growing adoption of glass cockpits and the integration of advanced avionics systems in modern aircraft.
The Aircraft Turn Coordinator Market is segmented by mounting type into panel mount and remote mount. Panel mount is the most common type, accounting for over 60% of the market share in 2023. This is due to its ease of installation and lower cost compared to remote mount. However, remote mount is expected to grow at a faster rate during the forecast period, owing to its advantages, such as improved visibility and reduced clutter in the cockpit. The growing demand for advanced and integrated avionics systems is also expected to drive the growth of the remote mount segment.The Aircraft Turn Coordinator Market revenue for panel mount is expected to reach USD 1.2 billion by 2024, while the remote mount segment is expected to reach USD 0.7 billion by the same year.
The Aircraft Turn Coordinator Market is segmented by power source into Electrical, Mechanical, and Vacuum. Among these, the Electrical segment is projected to hold the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. This growth is attributed to the increasing adoption of electrical systems in aircraft, as they offer several advantages over mechanical and vacuum systems, such as reduced weight, improved reliability, and lower maintenance costs. The Mechanical segment is expected to witness a steady growth rate during the forecast period, owing to its continued use in older aircraft and its cost-effectiveness compared to electrical systems.However, the Vacuum segment is expected to experience a decline in market share due to the phasing out of vacuum-powered aircraft and the adoption of more efficient electrical and mechanical systems.
The Aircraft Turn Coordinator Market is segmented based on Certification Level into General Aviation, Military, and Commercial. The General Aviation segment held the largest market share in 2023 and is expected to continue its dominance during the forecast period. Growth in this segment can be attributed to the increasing number of private aircraft and the rising demand for flight training. The commercial segment is also expected to witness significant growth during the forecast period due to the increasing demand for commercial aircraft and the growing focus on safety.The military segment is expected to witness a steady growth rate during the forecast period, driven by the demand for advanced and reliable aircraft turn coordinators in defense applications.
The regional segmentation of the Aircraft Turn Coordinator Market provides insights into the market's geographic distribution and performance. North America held the largest market share in 2023, valued at 0.80 (USD Billion), and is projected to reach 1.02 (USD Billion) by 2032, exhibiting a CAGR of 3.6%. Europe stood as the second-largest market, accounting for 0.52 (USD Billion) in 2023, and is anticipated to grow to 0.69 (USD Billion) by 2032, registering a CAGR of 3.2%. The Asia-Pacific (APAC) region is expected to witness significant growth, expanding from 0.38 (USD Billion) in 2023 to 0.79 (USD Billion) in 2032, with a CAGR of 8.4%.South America and the Middle East Africa (MEA) regions are projected to contribute 0.15 (USD Billion) and 0.18 (USD Billion), respectively, to the market in 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
In the Aircraft Turn Coordinator Market, major participants are keen to gain a competitive advantage over other firms in the industry. These companies devote their efforts to carrying out research and development, increasing their product base, and forming strategic relationships. Mostly Aircraft Turn Coordinator Market players are concentrating on the development of new products. The Aircraft Turn Coordinator Market Competitive Landscape is dominated by heightened competition among key players. The main competitors in the market are implementing a variety of strategies such as product launches, mergers and acquisitions, alliances, and contracts to raise broader visibility and increase their consumer base. Moreover, aircraft companies are experiencing the entry of smaller companies, which are the more active ones.Garmin International Inc. is among the main Aircraft Turn Coordinator Market competitors. It is a well-established provider of various products for aircraft companies. The firm also has a highly visible brand, which is a target to a wide variety of consumers. Garmin International Inc. Aircraft Turn Coordinators are highly dependable and of high quality. The company also has a deep knowledge of aircraft systems and is one of the leaders in the production of navigation systems and avionics, which enables it to gain a strong competitive edge over its Aircraft Turn Coordinator competitors. Further, Garmin International Inc. Inc. invests heavily in research and development meaning it will continue developing and producing more qualitative Aircraft Turn Coordinators than its competitors.
Another large Aircraft Turn Coordinator Market competitor is Honeywell International Inc., with its products being available on the market. The firm sells a wide variety of aircraft systems and components and is experienced in developing innovative technologies that are the main competitive advantage of Honeywell International Inc. The company also has a strong presence in sales in the Aircraft Turn Coordinator Market and has proven to be a long-runner in producing the most advanced and efficient aircraft components.
The Aircraft Turn Coordinator market is expected to reach USD 2.8 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period (2024-2032). The rising demand for enhanced safety and navigation systems in aircraft is driving market growth. Technological advancements, such as the integration of solid-state sensors and digital displays, are further fueling market expansion. Key players in the market include Honeywell, Garmin, and Thales. Recent developments include the introduction of turn coordinators with advanced features, such as attitude and heading reference systems (AHRS) and integrated flight control systems. These advancements are expected to continue shaping the market landscape in the coming years.
Aircraft Turn Coordinator Market Aircraft Type Outlook
Aircraft Turn Coordinator Market Display Type Outlook
Aircraft Turn Coordinator Market Mounting Type Outlook
Aircraft Turn Coordinator Market Power Source Outlook
Aircraft Turn Coordinator Market Certification Level Outlook
Aircraft Turn Coordinator Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 1.82(USD Billion) |
| Market Size 2023 | 1.9(USD Billion) |
| Market Size 2032 | 2.8(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.4% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | L3 Communications Holdings, Inc., Esterline Technologies Corporation, Safran SA, Thales Group, Honeywell International Inc., Meggitt PLC, Cobham plc, CurtissWright Corporation, Teledyne Technologies Incorporated, Amphenol Corporation, Smiths Group plc, Raytheon Technologies Corporation, Rockwell Collins, Inc., Garmin Ltd., Woodward, Inc. |
| Segments Covered | Aircraft Type, Display Type, Mounting Type, Power Source, Certification Level, Regional |
| Key Market Opportunities | Growing demand for commercial aircraft Technological advancements in aircraft electronics Increasing air traffic volumes Focus on safety and efficiency. Upgrading of existing older aircraft |
| Key Market Dynamics | 1 Rising demand for aircraft modernization2 Growing emphasis on safety and navigation3 Technological advancements in aviation electronics4 Increasing adoption of glass cockpits5 Government initiatives to enhance airspace safety |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Aircraft Turn Coordinator Market is expected to reach a valuation of 2.8 billion USD by 2032, exhibiting a CAGR of 4.4% between 2023 and 2032.
North America currently dominates the Aircraft Turn Coordinator Market, capturing a significant share due to the presence of major aerospace companies and stringent safety regulations.
Rising air traffic, increasing demand for advanced avionics systems, and growing safety concerns are primarily fueling the expansion of the Aircraft Turn Coordinator Market.
Aircraft Turn Coordinators are primarily used in commercial aviation, military aviation, and general aviation to provide pilots with accurate information about the aircraft's attitude and orientation.
Prominent players in the Aircraft Turn Coordinator Market include Honeywell International Inc., Garmin Ltd., Thales Group, L3Harris Technologies, Inc., and Meggitt PLC.
Technological advancements, such as the integration of digital displays and advanced sensors, are enhancing the accuracy and reliability of Aircraft Turn Coordinators, driving market growth.
The Aircraft Turn Coordinator Market is projected to witness steady growth in the coming years, driven by increasing aircraft production and rising demand for enhanced safety features.
Fluctuating raw material prices, intense competition, and stringent regulatory requirements pose challenges to the growth of the Aircraft Turn Coordinator Market.
Growing demand for unmanned aerial vehicles (UAVs) and increasing adoption of advanced avionics systems present significant growth opportunities for the Aircraft Turn Coordinator Market.
Companies can capitalize on growth opportunities by investing in research and development, expanding into emerging markets, and forming strategic partnerships.
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