Enjoy complimentary customisation on priority with our Enterprise License!
Based on Technavio's market sizing methodology, the commercial aircraft oxygen system market size is predicted to surge by USD 185.7 billion from 2021 to 2026 at a CAGR of 4.88%.
The commercial aircraft oxygen system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The commercial aircraft oxygen system market report offers information on several market vendors, including Adams Rite Aerospace Inc., AMETEK Inc., CASP Aerospace Inc., Cobham Ltd., East/West Industries Inc., Essex Industries Inc., Meggitt Plc, Mountain High E and S, Precise Flight Inc., Raytheon Technologies Corp., Rostec, Safran SA, and Ventura Aerospace Inc. among others.
This report further entails commercial aircraft oxygen system market segmentations, including:
Download the Free Report Sample to Unlock the Commercial Aircraft Oxygen System Market Size for the Forecast Period and Other Important Statistics
The preference for aircraft with advanced technologies is notably driving the commercial aircraft oxygen system market growth, although factors such as delays in aircraft delivery may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial aircraft oxygen system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Aircraft Oxygen System Market Driver
One of the key drivers supporting the commercial aircraft oxygen system market growth is the preference for aircraft with advanced technologies. Safety has always been the priority in the aviation industry. Moreover, the oxygen system is one of the vital systems on an aircraft, which ensures the safety of passengers and crew members under cabin decompression. Meanwhile, technology has evolved at a rapid pace in the aviation industry with the generation. In view of this, the demand for new and efficient aircraft has increased and vendors of oxygen systems have upgraded the systems to be lighter in weight and increased their reliability. The new systems are basically developed by ensuring the needs of newer generation aircraft. Significantly, considering these requirements vendors are improving the comfort and safety of passengers. Such initiatives will drive the commercial aircraft oxygen system (AOS) market growth during the forecast period.
Key Commercial Aircraft Oxygen System Market Trend
One of the key commercial aircraft oxygen system market trends fueling the market growth is the emergence of new MRO hubs in APAC. In recent years, Singapore has evolved as an aviation MRO hub in South-East Asia. Neighboring countries like Indonesia, Malaysia, and Thailand are eyeing to expand their aftermarket services. Currently, Singapore accounts for almost a quarter of Asia's MRO business. With the help of respective governments, national carriers like Thai Airways International, Garuda Indonesia, and Malaysia Airlines are following the path of SIA to boost their revenues by offering services to rival carriers. These countries have the advantage of lower manpower costs over Singapore. Malaysia Airlines has European approvals to perform major modifications and repairs of cabin interiors, avionics, and aircraft structures. Thus, increasing approval will boost the Commercial AOS market growth during the forecast period.
Key Commercial Aircraft Oxygen System Market Challenge
One of the challenges limiting the commercial aircraft oxygen system market growth is delays in aircraft delivery. The manufacturing of an aircraft from its initial design stage to final production consumes a lot of time. As it is made by assembling several systems, components, and parts, aircraft manufacturers have to depend on the sub-component manufacturer. Hence, any delay by them will lead to an extension of delivery dates. Sometimes, such delays in delivery may lead to the cancellation of an order from the airline carriers. Moreover, as the systems are designed and certified specifically based on a specific aircraft requirement, any changes or cancellations of an order can lead to significant losses. Such losses can impede the commercial aircraft oxygen system market growth during the forecast period.
This commercial aircraft oxygen system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global commercial aircraft oxygen system market as a part of the global aerospace & defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft oxygen system market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial aircraft oxygen system market encompasses successful business strategies deployed by the key vendors. The commercial aircraft oxygen system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial aircraft oxygen system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial aircraft oxygen system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
37% of the market's growth will originate from North America during the forecast period. The US is the key market for the commercial aircraft oxygen system market in North America. Market growth in this region will be faster than the growth of the market in Europe.
The well-established and robust aviation infrastructure will facilitate the commercial aircraft oxygen system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected the growth of the market in the region. However, the initiation of large-scale vaccination drives led to a decline in the number of COVID-19 cases. This has resulted in the lifting of government restrictions such as lockdowns and the resumption of industrial activities in the region. Thus, such factors are expected to drive the growth of the commercial aircraft oxygen system (AOS) market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The commercial aircraft oxygen system market share growth by the narrow-body aircraft segment will be significant during the forecast period. Weight reduction is one of the important considerations during the design and development of aircraft as it helps in reducing aircraft fuel consumption and increasing operational efficiency. The growing demand for new-generation aircraft and the increasing demand for cabin comfort in the aircraft will increase the requirement for efficient air management systems, including oxygen systems and their components for these narrow-body aircraft. Therefore, such emerging trends in this segment will propel the global commercial aircraft oxygen system market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft oxygen system market size and actionable market insights on post COVID-19 impact on each segment.
|
Commercial Aircraft Oxygen System Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
|
Market growth 2022-2026 |
$ 185.7 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.7 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 37% |
|
Key consumer countries |
US, China, Japan, Germany, and UK |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Adams Rite Aerospace Inc., AMETEK Inc., CASP Aerospace Inc., Cobham Ltd., East/West Industries Inc., Essex Industries Inc., Meggitt Plc, Mountain High E and S, Precise Flight Inc., Raytheon Technologies Corp., Rostec, Safran SA, and Ventura Aerospace Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Aircraft Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
