The Air Management System Market is expected to grow at 7.3% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Air Management System Market
Air Management System Market is likely to witness an impressive CAGR of 7.3% during the forecast period. The augmented requirement of efficient thermal management owing to increasing heat loads from growing use of electric system architecture in aircraft, technological progressions enhancing performance efficiency of the system, and the requirement for safer operations in freezing weather conditions are the prime factors expected to bolster the global air management system market during the forecast period.
In terms of regions, North America led the market in 2018, as the major region in the global aviation industry, and is expected to maintain its dominance during the forecast period. The market is driven by the presence of giant aircraft manufacturers, such as Boeing (U.S.), Lockheed Martin (U.S.), Bell Helicopter (U.S.), Sikorsky Aircraft (U.S.), and Bombardier (Canada), in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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Market Scope & Segmentation
Air Management System Market Share: By Component Type
Based on the component type, the market is segmented as on-board oxygen generation system, sensors, valves, air cycle machines, heat exchangers, air separator modules, control and monitoring electronic units, air mixers, and condenser and evaporator. The onboard oxygen generation system segment led the market in 2018, and is estimated to maintain its dominance during the forecast period. An onboard oxygen generation system is a vital system in an aircraft, as it eases the flow of fresh air in an aircraft cabin. The prime function of the onboard oxygen generation system is to deliver pressurized air to the cabin and convert engine bleed air to oxygen-rich air fit for human intake. The system works with the support of other components, such as heat exchangers, engine bleed air system, shutoff valve, oxygen concentrator, plenum, and regulators.
Air Management System Market Share: By System Type
Based on the system type, the market is segmented 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 system segment dominated the market in 2018, and is expected to lead the market in the coming five years. The growth is owing to the growing adoption of more electric aircraft technology, which has led to the replacement of various hydraulic and pneumatic systems by electric systems, which has subsequently increased the heat loads. A thermal management system is supremely important for safe and efficient operations of an aircraft, as it controls heat loads and prevents the overheating of systems and components that may lead to any imminent mishap.
Air Management System Market Share: By Platform Type
Based on the platform type, the market is segmented as fixed wing and rotary wing. The fixed wing segment is estimated to witness a higher growth during the forecast period. The growth is driven by the fact that rotary wing aircraft fly at a comparatively low altitude than fixed wing aircraft. Hence, the cabin of rotary wing aircraft is not needed to be pressurized and the aircraft calls for smaller air management systems as compared against fixed wing aircraft.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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