Air management

Air Management Systems Market to Reach US$8,804.88 Million Globally by 2028 at a CAGR of 6.7%: The Insight Partners

NEW YORK, USA, February 9, 2022 /EINPresswire.com/ — According to the Insight Partners study on “Air Management System Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Product Type, Ammunition, Accessories and Geography”, Market is expected to reach US$8,804.88 million by 2028 from US$5,607.19 million US dollars in 2021; it is expected to register a CAGR of 6.7% during the period 2021-2028.

Report Cover Details
Market size value in 5607.19 million US$ in 2021
Market size value of US$8804.88 million by 2028
CAGR growth rate of 6.7% from 2021 to 2028.
Forecast period 2021-2028
Base year 2021
Number of pages 117
No. Tables 85
Number of graphs and figures 83
Historical data available Yes
Segments covered Component, System and Platform.
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Countries Covered USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

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North America dominated the global air management systems market in 2020 owing to strong demand for aircraft, supported by huge air passenger traffic in the United States and Canada. Additionally, the presence of one of the major commercial and military aircraft OEMs, namely Boeing, as well as other general aviation aircraft manufacturers, aircraft component suppliers and aftermarket players also drives significant market growth in this region.

Impact of COVID-19 Pandemic on North America Air Management Systems Market Size

The pandemic has reached an unprecedented level of net losses and delayed recovery for the airline industry in North America. The aeronautical industry was one of the best performing in the region before the crisis. Additionally, after the emergence of the latest variant of COVID-19 (Omicron), North American countries restricted their borders to flights from African countries to control its spread on the continent. Recovering demand for commercial, military and general aviation aircraft, as well as helicopters, for different applications is expected to boost the sales of air management systems in the region during the forecast period.

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Based on the system, the air management system market is segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank insertion system, oxygen and engine bleed air system. The thermal management system is designed to control air conditioning, temperature and humidity during flight to ensure safety and comfort. An aircraft includes many electrical and electronic components that give off a lot of heat and temperature, which can lead to equipment failure if not maintained properly during flight operation. One of the main reasons for the increased adoption of composite materials for the production of commercial, military and general aviation aircraft is the greater temperature sensitivity they provide. One of the major factors driving the growth of the thermal management systems market is the increase in thermal loads resulting from the expansion of electronic functionality and the necessary relevance of aircraft electrical system architectures during the aircraft production.

The air management systems market is segmented on the basis of component, system, platform, and geography. Based on components, the market is sub-segmented into on-board oxygen generation system, sensors, condenser & evaporator, air cycle machines, electronic control & monitoring units, etc. On the basis of system, the air management system market is further segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank insertion system fuel, oxygen system and engine bleed air system. Based on platform, the market is further segmented into fixed-wing and rotary-wing. Geographically, the air management systems market is majorly segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Collins Aerospace (Raytheon Technologies), Diehl Stiftung and Co. Kg, Honeywell International Inc., Liebherr-International Deutschland GmbH, Meggitt Plc, Parker Hannifin Corporation, Shimadzu Corporation, Safran, AMETEK Inc. and Boyd Corporation are among the key players profiled. when researching the air management system market.

Air Management System Market: Competitive Landscape and Key Developments
Among the major players in the global air management systems market. Leading companies are focusing on expanding and diversifying their market presence and acquiring new customer base, thereby exploiting existing business opportunities.

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In 2021, AMETEK Singapore began working with its sister company AMETEK Air Technology to provide after-sales service for A350 electric heaters.

In 2021 Parker Hannifin acquired LORD Corp. to create an integrated organization with strong materials science capabilities to deliver highly complementary electrification and aerospace product offerings.

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Insight Partners
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