Ice Protection Systems Market to offer a healthy CAGR of 6.2% during 2020-25
February 11, 2020
Ice Protection Systems Market Overview:
Ice Protection Systems Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Growth in air traffic, new airline business models in emerging economies, and new airport projects in developed economies are the prime factors expected to drive the global ice protection systems market during the forecast period. The market is characterized by incessant technological progressions through new product developments. These advances are guided by increased applications in which different anti-icing equipment and deicing fluids are used.
Report Overview:
This new report from Stratview Research analyses the Ice Protection Systems 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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Ice Protection Systems Market Segment Insights:
Windshield: The growth engine
Based on the application type, the market is segmented as engine inlets, nacelle, wings, tail, propellers, windshields, sensors, and air data probes. The windshields segment is expected to witness the highest growth during the forecast period. The likelihood of ice build-up on windshields is usually the highest as compared to the other parts of the aircraft, which increases the weight of the aircraft and obstructs the front view of the pilot, thus, resulting into aerodynamic stall and loss of control of the aircraft. This is the major factor boosting the demand for ice protection systems for windshields during the forecast period.
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Dominance of: Electrical and Commercial jets
Based on the technology type, the market is segmented as electrical, chemical, and others. The electrical segment is expected to be the fastest-growing segment in the coming five years, as thermal pneumatic or pneumatic boots and electro impulse are extensively employed for aircraft anti-icing and deicing.
Based on the platform type, the market is segmented as commercial jets, military jets, and helicopters. The commercial jets segment is estimated to witness the highest growth during the forecast period, driven by the active number of fleets worldwide and rise in global air traffic. The installation of ice protection systems in any type of aircraft does not pledge safety of flight in icing cold conditions lest the aircraft has gone through rigorous testing and is certificated to fly in such weather-beaten conditions. The FAA certified systems and the non-hazard systems are the two types of deicing systems installed in the commercial jets, which safeguard the aircraft from accidents caused by ice formation. Utilization of these systems is expected to boost the demand for ice protection systems.
A highly/moderately/fragment consolidated Market
Some of the major players in the ice protection systems market are B/E Aerospace, Inc., Clariant AG, Cav Ice Protection, Inc., Honeywell International Inc., JBT Corporation, The Curtis-Wright Corporation, The DOW Chemical Company, United Technologies Corporation, and Zodiac Aerospace.
Regional Hegemony of North America
In terms of regions, the ice protection systems market in Europe is estimated to register the highest growth during the forecast period. The market is driven by the fact that European countries have been increasing their commercial fleet size owing to a surge in air travel and passenger traffic and defense expenditure to underpin their battle operational capacity. This is expected to consequently contribute to an increased demand for ice protection systems in the region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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