Aircraft Air Management Systems Market is Forecasted to Reach US$5.9Billion in 2028, Says Stratview Research

The global Aircraft Air Management Systems Market size is projected to reach US$5.9billion by 2028, witnessing a market growth CAGR of 8.3% from 2023 to 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Aircraft Air Management Systems Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Aircraft Air Management Systems Market:

The global Aircraft Air Management Systems Market is segmented based on System type, Aircraft type, End-user type, and Region.

Based on System type –

• The market is segmented into air conditioning and ventilation system, bleed air systems, aircraft pressurization control systems, fuel inerting systems, and bleed air anti-icing systems. Air conditioning and ventilation system occupied a market share of more than 40% in 2022 and are expected to remain the largest as well as the fastest-growing system type in the market during the forecast period.
• The air conditioning system of an aircraft constitutes a large number of components, such as heat exchangers, compressors, control valves, air cycle machines, water separators, and mixer units.
• The growth of this segment can be attributed to the development of new and advanced air conditioning systems that can withstand wider operating temperatures and critical conditions (providing improved comfort and safety for passengers) and the development of lightweight and compact components to address the weight and space constraint of the next-generation aircraft.

Based on the Aircraft type –

• The market is segmented into commercial aircraft, regional aircraft, military aircraft, general aviation, and helicopter. Commercial aircraft accounted for a revenue share of more than 65% in 2022 & are expected to remain the dominant aircraft type in the market during the forecast period.
• An expected increase in air passenger traffic coupled with an expected ramp-up in production rates of key aircraft programs and upcoming aircraft programs are likely to create huge growth opportunities in commercial aircraft in the foreseen years.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

• North America acquired the highest market share of more than 45% in 2022 & is expected to remain the largest market for aircraft air management systems during the forecast period, due to the presence of a large number of raw material suppliers, tier players, OEMs, and air management system manufacturers, making the region a hub of the aircraft industry.
• Most of the aircraft air management system suppliers have their presence in the region to address the emergent needs of OEMs and to be the partners for their fuel-efficient versions of existing aircraft programs.
• Asia-Pacific is projected to be the fastest-growing region in the market during the forecast period, driven by exponentially rising air passenger traffic, the expected introduction of COMAC C919, a huge aircraft fleet size, and the growing presence of major players in the region. China, India, and Japan are the key growth engines of the region’s market.

Aircraft Air Management Systems Market Drivers:

The market is driven by a host of factors, some of which are noted below:

• 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.
• The aircraft industry is highly technologically driven and major aircraft OEMs keep working harder to improve the overall aircraft performance including fuel efficiency, customers’ experience, safety & reliability, etc. Air management system is a very crucial system of an aircraft and has undergone a remarkable transition over the period.
• Most of the major players are working closely with the aircraft OEMs to develop advanced systems addressing changing market requirements as well as to remain an innovative and preferred choice in the market.
• Technological enhancement in aircraft is one of the major growth factors of aircraft air management systems. The aircraft air management systems are performing smoothly due to the coherent performance of aircraft as there provide accurate results on account of an upgrade of conventional sensors with the latest sensors and technologically robust heat exchangers.
• There is a growing demand for a more efficient thermal management system with the growing use of electronics and electrical systems in aircraft. Increased heat loss is prevented, which otherwise hampers the system’s performance.
• Further, heat loss is prevented by the enhanced thermal management system on an aircraft, which increases performance. This helps the market for aircraft air management systems to surge ahead in the foreseeable future

Competitive Landscape: Top Companies in the Aircraft Air Management Systems Market:

The market is highly populated, with the presence of some regional and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Most of the major players are providing either complete air management system types or integrated air management systems.

The following are the key players in the aircraft air management systems market:

• Collins Aerospace
• Honeywell International Inc. 
• Liebherr-International AG
• Safran S.A.
• Parker Hannifin Corporation
• Eaton Corporation 
• Triump Group Inc.
• CTT Systems AB
• Cox & Company, Inc.
• Air Liquide S.A.

Note: The above list does not necessarily include all the top players in the market.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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