Air Management System Market 2020 Analysis by Size, Share, Growth Drivers, Upcoming Trends and Demand By Top Players (Honeywell International Inc., Meggitt Plc, etc.)
The Air Management System Market Analysis 2020 provides a steady compound annual growth rate (CAGR) of 6.5% between 2017 and 2023. Market Research Future estimates the figures and says the market will witness a value of USD 6.55 Billion over the assessment period.
Air management systems are essential to maintaining the ambiance on board as they supply air to different parts of the aircraft and perform functions such as ventilation, fire suppression, smoke detection, etc. Airlines are increasingly emphasizing on the improvement of comfort and convenience which also makes them invest in procurement and upgradation of aircraft which, in turn, propels the growth of the market. Airlines are heavily investing in electric aircraft systems to improve fuel efficiency, reduce emission rates, and cut down on maintenance costs. There has been a significant increase in air traffic across the world owing to more air travels and also frequent business travel. This necessitates the need for the latest technologies in aircraft which is a primary driver of the air management system market. Need for safety in operations of the aircraft such as thermal management due to rising heat loads also contributes to the increased demand for air management systems.
Segmentation
The global air management system market has been segmented based on component, system, platform, and end users.
· By component, the market has been segmented into Sensors, Valves, Condenser and Evaporator, Air Cycle Machines, Heat Exchangers, Air Separator Modules, Air Mixers, Onboard Oxygen Generation System, Control and Monitoring Electronic units, and others. The sensor segment is expected to witness the highest growth over the forecast period due to the need for various parameters such as density, the thickness of ice, temperature in aircraft.
· By system, the market has been segmented into Oxygen System, Fuel Tank Inserting System, Ice Protection System, Engine Bleed Air System, Cabin Pressure Control System, Thermal Management System, Distributed Control Systems, and Others. By platform, the market has been segmented fixed wing, rotary wing, and others.
· By end-users, the market has been segmented into Defense and Military, Aircraft and Aerospace, Automotive, Industrial, Transportation, Commercial Aircraft, Regional Aircraft, and Others.
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Regional Analysis
The global air management system market spans across the regions of North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is projected to lead the global air management system market due to increasing demand for passenger traffic and new aircraft and the presence of major players in the region. Europe market is also expected to show positive growth curve over the forecast period. Countries like India, Japan, and China will help the APAC market to achieve a relatively fast growth over the forecast period.
Competitive Analysis
The key players operating in the global air management system market include Honeywell International Inc (U.S.), Meggitt Plc (U.K.), Diehl Stiftung & Co. KG (Germany), Liebherr Group (Switzerland), Dukes Aerospace, Inc. (U.S.), United Technologies Corporation (U.S.), Rockwell Collins Inc. (U.S.), Shimadzu Corporation (Japan), Zodiac Aerospace (France), and Aeronamic Aircraft Subsystems (Netherlands) among others.
Industry Updates
In July 2018, Boeing announced the creation of a new organization named Boeing NeXt where aerospace researchers and the company will work in conjunction to develop a next-generation, blockchain-based air traffic management system for piloted and autonomous systems.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Air management system Market Segmentation
8. Air management system Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
14. Strategic Outlook
15. SWOT Analysis
16. Regional Air management system Market Share
17. Country Air management system Market Share
18. Revenue and Sales Forecast
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