The global Air Management System Market is expected to reach a valuation of USD 6.5 billion by the end of the forecast period of 2017-2023, according to the latest research report from Market Research Future (MRFR). Estimated revenue growth in terms of volume with respect to the market for the upcoming years has been mentioned in depth. This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis. Market experiences an exponential growth by 2020, registering a fabulous CAGR of 6.5% during forecast 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.
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Key
Players:
The prominent players in the Air Management System Market are – Honeywell International Inc
(U.S.), United Technologies Corporation (U.S.), Meggitt Plc (U.K.), Rockwell
Collins Inc. (U.S.), Diehl Stiftung & Co. KG (Germany), Shimadzu
Corporation (Japan), Liebherr Group (Switzerland), Zodiac Aerospace (France),
Dukes Aerospace, Inc. (U.S.), and Aeronamic Aircraft Subsystems (Netherlands)
among others.
Air
Management System Market 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.
Geographical subdivision of the Air management systems market
includes the prominent regions in the market during the prediction period. 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.
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