What is the future of Aircraft Air Management Systems Market? Know Covid Impact on Size, Share & Forecasts
June 19, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Air Management Systems Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Air Management Systems Market was likely to witness an impressive CAGR of 5.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Air Management Systems Market Segment Insights:
By System Type:
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.
By Platform Type:
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.
By Component Type:
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.
By Region:
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.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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