The Market of Military Aircraft Oxygen Systems to grow beyond US$ 238.6 million by 2025
February 13, 2020
Military Aircraft Oxygen Systems Market Overview:
The military aircraft oxygen systems market is projected to grow at a healthy rate over the next five years to reach US$ 238.6 million in 2025. Increasing defense budget of the developing economies, such as China and India; increasing production rate of the key programs including F35, and rising need for the upgrade of oxygen system of the active fleet with the advanced oxygen systems are the major factors mushrooming the demand for oxygen systems in military aircraft. There has been a growing demand for durable oxygen systems to mitigate maintenance costs.
Another trend observed in the industry, which significantly impacts the growth of oxygen systems in military aircraft is, military aircraft engineers are looking out for oxygen systems that have a combination of resistance to a broad range of fuels, solvents, corrosive chemicals, heat resistance, and excellent dielectric stability.
Report Overview:
This new report from Stratview Research analyses the Military Aircraft Oxygen 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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Military Aircraft Oxygen Systems Market Segment Insights:
Combat aircraft: The largest segment
The military aircraft oxygen systems market is segmented based on the aircraft type as transport aircraft, combat aircraft, aerial refueling aircraft, and others. Combat aircraft is likely to remain the largest segment of the market during the forecast period. The increasing production rate of the key programs, especially F-35 coupled with a huge aircraft fleet is likely to create a strong demand for oxygen systems in the combat aircraft segment.
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https://www.stratviewresearch.com/toc/630/military-aircraft-oxygen-systems-market.html
Dominance of: OBOGS and Pressure demand
Based on the supply type, the market is segmented as LOX, OBOGS, and others. OBOGS is likely to remain the most dominant as well as the fastest-growing segment over the next five years. OBOGS supply type is gaining traction in the military aircraft industry in the wake of its durability and the ability to generate 95% oxygen at very low pressure. It also has the ability to generate oxygen on the spot, which is one of the major factors driving its growth.
Based on the delivery type, the market is classified as continuous flow, pressure-demand, and diluter demand. Pressure demand is likely to remain the most dominant as well as the fastest-growing delivery type in the market during the forecast period. Pressure demand delivery type allows flying the military aircraft with crew above 40,000 feet, where 100% oxygen without positive pressure deliveries (continuous flow and diluter demand deliveries) doesn’t work.
A highly/moderately/fragment consolidated Market
The key military aircraft oxygen system manufacturing companies are Cobham Plc., Honeywell International Inc., Air Liquide S.A., Safran S.A. (Zodiac aerospace), and Collins Aerospace (United Technologies Corporation). The development of durable oxygen systems with membrane that generates 100% oxygen; execution of mergers & acquisitions; and the formation of collaborations with OEMs for the development of oxygen systems are some of the strategies adopted by the major players in order to gain the competitive edge in the market.
The supply chain of this market comprises component suppliers, oxygen system manufacturers, aircraft OEMs, and government agencies.
Regional Hegemony of North America
In terms of regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American military aircraft oxygen systems market. The country is the hub of the aerospace industry with the presence of several tier players, oxygen system manufacturers, and aircraft OEMs.
Asia-Pacific is likely to depict the highest growth over the next five years. The region is likely to remain the most eye-catching market in the foreseeable future. The growth is primarily driven by a host of factors including increasing defense budget of the major Asian countries and the potential establishment of assembly plants in this region.
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