Aircraft Air Management Systems Market – Latest Trends, Forecast, and Opportunity Analysis
The Global Aircraft
Air Management Systems Market: Highlights
The next five years for the aircraft air managementsystems market are projected to be resilient with the sizeable growth
opportunities for both new as well as existing players. The market for aircraft
management systems is likely to flourish at a healthy CAGR of 5.6% during the
forecast period. 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 technological
driven where major aircraft OEMs keep working harder in order 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 of
time. Most of the major players are working closely with the aircraft OEMs in order
to develop advanced systems addressing changing market requirements as well as
to remain an innovative and a 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 the
aircraft. Increased heat loss is prevented, which otherwise hampers the
system’s performance. Further, the heat loss is prevented by the enhanced
thermal management system on an aircraft, which increases the performance. This
helps the market for aircraft air management systems to surge ahead in the
foreseeable future.
The global aircraft air management systems market
is segmented based on the system type as Thermal Management System, Engine
Bleed Air System, Oxygen System, Fuel Tank Inerting System, Cabin Pressure
Control System, and Ice Protection System. 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.
Based on the platform type, the aircraft airmanagement systems market is segmented into Fixed Wing and Rotary Wing. 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.
Based on the component type, the market is
segmented into Onboard Oxygen Generation System, Sensors, Valves, Air Cycle
Machines, Heat Exchangers, Air Separator Modules, Control and Monitoring
Electronic Units, Air Mixers, and Condenser and Evaporators. 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.
Based on the regions, 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.
Europe, another major market for aircraft
management system, is primarily driven by commercial and regional aircraft.
Airbus is the largest procurer of air management components/systems in the
region for its aircraft programs: A320 family including neo variants, A330,
A350XWB, and A380. Increasing production rates of A320 family along with its
neo variants and A350XWB and an expected market entry of Irkut with its MC-21
are the major factors that are likely to bolster the demand for air management
systems in the region in the coming five years.
Asia-Pacific, a relatively small segment, is
expected to witness the highest growth during the same period, owing to
increasing demand for commercial aircraft to support rising air passenger
traffic; growing presence of major aircraft OEMs, such as Boeing and Airbus;
and upcoming indigenous commercial and regional aircraft (COMAC C919 and
Mitsubishi MRJ), and rising aircraft fleet size.
The supply chain of this market comprises raw
material suppliers, air management component manufacturers, air management
system suppliers, tier players, aircraft OEMs, airlines, and aircraft leasing
companies. The key aircraft air management systems manufacturers are Liebherr
Group, United Technologies Corporation, Honeywell International, Inc., Zodiac
Aerospace, Meggitt Plc, Rockwell Collins, Inc., Diehl Stiftung & Co. Kg,
Shimadzu Corporation, Dukes Aerospace Inc, and Aeronamic Aircraft Subsystems.
New product development, regional expansion, and execution of long-term
contracts with OEMs are some of the key strategies adopted by the major players
to gain a competitive edge in the market.
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