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According to Technavio's market research analysis, the increased production and procurement of new aircraft will be one of the major factors that will have a positive impact on the global commercial aircraft catalytic ozone converter market during the forecast period. The rising order book for newer-generation fuel-efficient aircraft will remain a key driving factor for the growth of the market. The installation of efficient air management system that can lower the ozone content on the new aircrafts will rise in the market. This ensures a comfortable environment within the cabin for passengers and provides better aircraft safety. For instance, Boeing is presently developing its newest version of wide-body aircraft, B77X aircraft, that is expected to bring in more improvements in cabin air management system compared with its previous models. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.
The development of fault detection system for catalytic ozone converter is one of the key trends that will contribute to the market growth. The improved version of the fault detection system is increasingly used to keep track of the conversion efficiency of the catalytic ozone converter. These systems consist of a conversion efficiency module, catalyst fault detection module, and a threshold determination module. In addition, the system calculates the efficiency by taking in the restrained amount of air from the upstream and downstream ends of the catalyst to regulate the ozone content in the air.
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The commercial aircraft catalytic ozone converter market consists of few identified vendors with heavy competition among themselves. They are looking at acquiring the largest market share with their innovative and high-quality products. Moreover, it is also important for the vendors to offer cost-effective and highly dependable products with the capability of surviving hazardous atmospheric conditions with extreme mechanical stability. The growth of the ozone filter market is also seen in the market during the forecast period.
The leading vendors in the market are ?
During 2016, the narrow-body aircraft segment accounted for the major shares of the commercial aircraft catalytic ozone converter market. Factors such as the rising need for catalytic ozone converters to maintain the concentration of ozone in the narrow-body aircrafts and emergence of new narrow-body aircraft manufacturers will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial aircraft catalytic ozone converter market throughout the forecast period. The presence of large manufacturing companies and component suppliers will drive the growth of the market in this region.
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Most commercial passenger aircraft are equipped with catalytic ozone converters so that the ozone can be removed from the aircraft cabin air. This upcoming report on the commercial aircraft catalytic ozone converter market is an integral part of Technavio's aerospace and defense sector and includes a comprehensive analysis of the market trends, technological advancements, growth opportunities, and challenges specific to the sectors within the aviation and miliatry industry.
This upcoming market research report on the commercial aircraft catalytic ozone converter market covers some of the vendors such as BASF, Honeywell International, RSA, and AeroBase Group to help clients analyze the competitive landscape. According to our analysts, complexities associated with the maintenance of aircraft parts and components is likely to restrict this market's growth over the coming years. Moreover, to accurately predict the growth prospects of the commercial aircraft catalytic ozone converter market, the analysts follow the growth trajectory of similar markets such as the airport surveillance radar market, which is expected to growt at a CAGR of 5% until the end of 2021.
Over the years, the commercial aircraft catalytic ozone converter market has been growing steadily; however, factors such as the use of simulation software for design and analysis of cabin air management systems will significantly boost this market's growth. Additionally, to offer a holistic overview of the market, the report includes an analysis of the market across different geographical regions including the Americas, APAC, and EMEA.
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: APPENDIX
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