Aircraft Ignition System Market to offer a healthy CAGR of 6.2% during 2020-25
February 13, 2020
Aircraft Ignition System Market Overview:
Aircraft Ignition System Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Factors such as growing acceptance of electronic ignition systems and technological progressions in the aircraft ignition systems are bolstering the growth of the global market.
Report Overview:
This new report from Stratview Research analyses the Aircraft Ignition System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. 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 Ignition System Market Segment Insights:
Dominance Of: Aftermarket
Based on the end-user type, the market is segmented as aftermarket and original equipment manufacturer (OEM). The aftermarket segment dominated the market in 2019, and is estimated to maintain its legacy during the forecast period. The aftermarket comprises substitution of parts and maintenance services for installed components. Different components of aircraft ignition systems, such as ignitors, ignition leads, exciters, spark plugs, distributors, capacitors, and switches are changed during the maintenance procedures, which in turn, underpins the growth of the segment during the forecast period.
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https://www.stratviewresearch.com/toc/650/aircraft-ignition-system-market.html
Dominance of: Electronic Ignition System Segment and Ignition Lead
Based on the system type, the market is segmented as electronic ignition system and magneto ignition system. The electronic ignition system segment led the market in 2019, and is likely to command during the forecast period as well. Technological developments in the arena of aircraft ignition systems have significantly influenced the evolution of electronic ignition systems that are dependable and bear an extended lifespan against the conventional ignition systems employed in the aircraft, such as Lycoming Piston Engine Solid State Ignition System, CH42PR20A.
Based on the component type, the market is segmented as igniters, ignition leads, exciters, spark plugs, and others. The ignition leads segment is estimated to register the highest growth during the forecast period.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft ignition system market are Aero, ElectroAir, Meggitt PLC, Sky Dynamics, The Surefly, TransDigm Group, and Unison.
Regional Hegemony of North America
In terms of regions, North America dominated the aircraft ignition system market in 2019, and is expected to govern the market during the forecast period. The regional presence of numerous leading manufacturers, such as Woodward, Unison, TransDigm, Air Power Inc., and ElectroAir is bolstering the growth of the market for aircraft ignition system during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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