Dublin, March 03, 2022 (GLOBE NEWSWIRE) — The “Air Management Systems Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, System and Platform” report has been added to from ResearchAndMarkets.com offer.
Air Management Systems Market was valued at USD 5,607.19 Million in 2021 and is projected to reach USD 8,804.88 Million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.
The increasing use of electronic and electrical systems in aircraft is triggering the demand for more efficient thermal management systems. The increased use of electronic and electrical systems in an aircraft results in high heat loss, which hampers the overall system performance.
Incorporating improved thermal management systems into an aircraft reduces heat loss and improves its performance. Additionally, new aircraft deliveries and demand for replacement of air management systems in older aircraft fleets are key factors driving the air management systems market.
Additionally, the demand for more improved thermal management and air supply operations is driving the growth of the air management systems market. However, the global aerospace industry has faced several challenges and economic loss after the onset of the COVID-19 pandemic, which led to a decline in aircraft production and deliveries around the world, thus hampering the growth of the air management systems market, especially in fiscal year 2020.
Additionally, the entire aircraft production industry has witnessed declining production volumes due to constrained demand, which has maintained the slow growth trajectory of the air management systems market in 2021.
North America holds the largest share in the global air management systems market owing to the presence of the largest aircraft fleet and one of the largest aircraft OEMs – Boeing – as well than several major manufacturers of general aviation aircraft. Additionally, the growing demand for business jets due to technological advancements in ultra-long-range aircraft is also creating lucrative opportunities for air management system players.
Europe and APAC occupy the second and third positions respectively in the market for air management systems. Europe has emerged as a crucial market for air management systems in 2020 and is expected to register a strong rise over the forecast period. The region is characterized by well-developed countries such as France, Germany, UK and Russia which are investing heavily in aviation technologies, which is driving the demand for air management systems in the region.
Additionally, Airbus, France, one of the largest aircraft manufacturers in the world, has dominated the air management systems market across Europe. The massive volume of aircraft production coupled with the presence of a large number of component and sub-component manufacturers is propelling the air management system market in the region.
Among the major players operating in the global market for air management systems.
Main topics covered:
2. Main Takeaways
3. Research methodology
4. Air Management System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert advice
5. Air Management System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Deliveries of new general aviation aircraft generating demand for new payments
5.1.2 Demand for Aviation Modernization and Modernization
5.2 Market Constraints
5.2.1 Longer Life of Air Management Systems
5.3 Market Opportunities
5.3.1 Large aircraft deliveries in the future are expected to generate market opportunities
5.4 Future trends
5.4.1 Technological advancements in air management systems such as implementation of smart sensors
5.5 Impact analysis of drivers and constraints
6. Air Management System – Global Market Analysis
6.1 Global Air Management System Market Overview
6.2 Global Air Management System Market Forecast and Analysis
6.3 Market Positioning – Top 5 Suppliers
7. Air Management System Market Analysis – By Component
7.2 Air Management Systems Market, By Component (2020 & 2028)
7.3 On-board oxygen generation system
7.3.2 Onboard Oxygen Generation System: Air Management System Market – Revenue and Forecast to 2028 (USD Million)
7.5 Condenser and evaporator
7.6 Pneumatic cycle machines
7.7 Electronic control and monitoring units
8. Air Management System Market Analysis – By System
8.2 Air Management Systems Market, By System (2020 & 2028)
8.3 Thermal management system
8.3.2 Thermal Management System: Air Management System Market – Revenue and Forecast to 2028 (USD Million)
8.4 Ice protection system
8.5 Cabin pressure control system
8.6 Fuel tank inerting system
8.7 Oxygen system
8.8 Engine bleed air system
9. Air Management System Market Analysis – By Platform
9.2 Air Management Systems Market, By Platform (2020 & 2028)
9.3 Fixed wing
9.3.2 Fixed Wing Air Management System Market – Revenue and Forecast to 2028 (USD Million)
9.4 Rotary wing
10. Air Management System Market – Geographical Analysis
11. Impact of COVID-19 Pandemic on the Air Management Systems Market
12. Industry Landscape
12.2 Market initiative
12.3 Development of new products
13. Business Profiles
- Parker Hannifin Corporation
- Honeywell International Inc.
- Diehl Stiftung & Co. KG
- Collins Aerospace
- Liebherr International Deutschland GmbH
- Meggitt PLC
- Safran Electronics & Defense
- Shimadzu Company
- AMETEK Inc.
- BOYD Corporation
For more information on this report, visit https://www.researchandmarkets.com/r/detpks