Aircraft Air Management Systems Market to offer a healthy CAGR of 5.6% during 2018-23
February 18, 2020
Aircraft Air Management Systems Market Overview:
The next five years for the aircraft air management systems market are projected to be resilient with the sizeable growth opportunities for both new as well as existing players. The market for aircraft management systems is likely to flourish at a healthy CAGR of 5.6% during the forecast period. Increasing aircraft production to support the rising air passenger traffic, advancement in the air management system technologies addressing current market needs, the introduction of the lightweight system, and increasing aircraft upgrades to provide excellent customer experience are some of the major factors that are burgeoning the demand for air management systems in the aircraft industry.
Report Overview:
This new report from Stratview Research analyses the Aircraft Air Management Systems Market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Air Management Systems Market Segment Insights:
Thermal Management: The growth engine
The global aircraft air management systems market is segmented based on the system type as Thermal Management System, Engine Bleed Air System, Oxygen System, Fuel Tank Inerting System, Cabin Pressure Control System, and Ice Protection System. The thermal management segment currently dominates the aircraft air management systems market and is projected to maintain its dominance over the next five years as well. Heat loads have increased with the rising adoption of more electric aircraft technology, which further led to the replacement of various pneumatic and hydraulic systems with electric systems. Thermal management system plays a vital role as it manages heat loads and prevents systems and components from overheating thus eliminating any risk of mishaps.
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Dominance of: Fixed-wing and Onboard Oxygen Generation system
Based on the platform type, the aircraft air management systems market is segmented into Fixed Wing and Rotary Wing. The fixed-wing segment is expected to remain most dominant over the next five years. The segment is also likely to garner at a higher rate during the forecast period. Commercial aircraft is the major procurer of air management system in the fixed-wing segment and is likely to remain the growth engine of the market over the next five years as well. Rotary wing aircraft usually fly at a relatively lower altitude than fixed-winged aircraft; thus, the cabin of rotary wing aircraft is not needed to be pressurized, which leads to the requirement of smaller air management systems as compared to the fixed-wing aircraft.
Based on the component type, the market is segmented into Onboard Oxygen Generation System, Sensors, Valves, Air Cycle Machines, Heat Exchangers, Air Separator Modules, Control and Monitoring Electronic Units, Air Mixers, and Condenser and Evaporators. The onboard oxygen generation system currently dominates the aircraft air management systems market. Onboard oxygen generation system is one of the most crucial systems in an aircraft management system as it allows the flow of fresh air in an aircraft cabin and provides comfort to the passengers. The system works in tandem with other components like engine bleed air system, shutoff valve, heat exchangers, oxygen concentrator, plenum, and regulators.
A highly/moderately/fragment consolidated Market
The key aircraft air management systems manufacturers are Liebherr Group, United Technologies Corporation, Honeywell International, Inc., Zodiac Aerospace, Meggitt Plc, Rockwell Collins, Inc., Diehl Stiftung & Co. Kg, Shimadzu Corporation, Dukes Aerospace Inc, and Aeronamic Aircraft Subsystems. New product development, regional expansion, and execution of long-term contracts with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.
The supply chain of this market comprises raw material suppliers, air management component manufacturers, air management system suppliers, tier players, aircraft OEMs, airlines, and aircraft leasing companies.
Regional Hegemony of North America
Based on the regions, North America is expected to remain the largest market for aircraft air management systems during the forecast period, owing to the presence of major aircraft OEMs, such as Boeing, Bombardier, Lockheed Martin, and Bell Helicopter. Huge order backlogs of commercial and regional aircraft of Boeing and Bombardier are likely to assure a sustainable demand for air management systems in the region in the foreseeable future.
Europe, another major market for aircraft management system, is primarily driven by commercial and regional aircraft. Airbus is the largest procurer of air management components/systems in the region for its aircraft programs: A320 family including neo variants, A330, A350XWB, and A380. Increasing production rates of A320 family along with its neo variants and A350XWB and an expected market entry of Irkut with its MC-21 are the major factors that are likely to bolster the demand for air management systems in the region in the coming five years.
Asia-Pacific, a relatively small segment, is expected to witness the highest growth during the same period, owing to increasing demand for commercial aircraft to support rising air passenger traffic; growing presence of major aircraft OEMs, such as Boeing and Airbus; and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
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