Aircraft CPU Market Size, Share, Growth, Trend and Forecast to 2032
Introduction:
Aircraft's Central Processing Unit (CPU) plays a crucial role in handling the safety, efficiency, and performance of modern jets. With the growing digitalization and the manufacturer's focus on reducing the reaction time by integrating the majority of the control and functions on displays, there is a rising need for greater processing power by the aircraft CPUs. According to the UnivDatos Market Insights Analysis, growing demand for high-end processors with increased efficiency will drive the growth scenario of Aircraft CPUs and as per their “Global Aircraft CPU market” report, the global market was valued at USD 1,091.24 million in 2023, growing at a CAGR of 4.53% during the forecast period from 2024 - 2032 to reach USD 1,625.96 million by 2032.?
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Rising Demand for UAVs:
Many aircraft manufacturers have aligned their efforts towards unmanned and autonomous flying vehicles . This type of vehicle is either remotely operated or is embedded with pre-defined paths to be followed. Considering the need for improved connectivity with the satellites and greater processing power for remote operations, the segment would further propel the need for multi-core processing in the particular category. This type of UAV is further anticipated to grow due to rising demand from both domestic as well as foreign markets. For instance, in 2023, the Government of the USA signed a deal with the Government of India to provide 31 MQ-9B Predator drones for a total cost of USD 4 billion.
In another instance, in 2023, Kuwait signed a deal with Turkish company Baykar to provide armed drones TB2 Baykar with a total cost of USD 367 million.
Considering the rising demand for UAV across the globe the demand for aircraft CPU in the particular category is anticipated to find a rapid growth subsequently improving its market in the forthcoming years.
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Rising Demand for 4.5 and 5th Generation Aircraft:
4th Generation aircraft have long dominated the skies across the globe with functions such as improved speed, reliability, avionics, long-range-radar functions, etc. However, with the advancements of radars and other visual sensors across the globe there is a pressing need to reduce the heat and radar signature of the aircraft with the structural and material changes. In line with this 4.5 and 5th generation aircraft have marked their presence. These aircraft have drastically shifted from semi-analog systems to digital systems, using composite fiber and radar absorbent material, removing canards from the structural airframe to reduce the radar signature. Additionally, the implantation of long-range radar and infrared sensors has provided these an edge over the conventional land and air-based systems with the first line of sight in combat. Considering this advancement, many of the large militaries across the globe have announced their plans to purchase aircraft in the 4.5 and 5th generation categories. For instance, In January 2024, the French government announced the purchase of 42 additional Rafale Jets with a total cost of USD 5.5 billion. The respective aircraft will be delivered between 2027 to 2032.
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In another instance, in 2023, the US Air Force demanded the acquisition of 72 new fighter jets from Congress. The new demand is additional as compared to the request originally asked for 33 new F-35As and 24 F-15EXs — 57 in all.
These updates, along with technological updates, would be further conducive to the adoption of Aircraft CPUs in the coming period, i.e., 2024-2032.
Conclusion:
The Global Aircraft CPU Market is experiencing a transformative phase driven by technological advancements, sustainability aviation, digitalization, market dynamics, and implementation of government policies. Stakeholders across the industry are embracing these trends to enhance operational efficiency, integrating digital advancements, power-efficient systems, etc. As digitalization continues to play a strategic role in improving commercial and military aircraft, staying abreast of these trends and embracing innovation will be crucial for the Global Aircraft CPU market.?