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(MoneyNewsWire.Net, May 18, 2018 ) The air management system market is projected to grow from an estimated USD 4.68 Billion in 2017 to USD 6.26 Billion by 2022, at a CAGR of 5.97% from 2017 to 2022. Technological advancements resulting in performance efficiency of the system, the increased requirement of efficient thermal management due to rising heat loads from growing use of electric system architecture in aircraft, and the need for safer operations in freezing weather conditions are key factors expected to drive the market. The market has been segmented based on system, component, platform, and region.
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Based on system, the air management system market has been segmented into thermal management system, engine bleed air system, oxygen system, fuel tank inerting system, cabin pressure control system, and ice protection system. The thermal management system segment is estimated to lead the market in 2016. The rising adoption of more electric aircraft technology has led to the replacement of various pneumatic and hydraulic systems by electric systems, which has resulted in increased heat loads. A thermal management system is extremely important for safe and efficient operations of an aircraft, as it manages heat loads and prevents the overheating of systems and components that may lead to mishaps.
Based on component, the air management system market has been segmented into onboard oxygen generation system, sensors, valves, air cycle machines, heat exchangers, air separator modules, control and monitoring electronic units, air mixers, and condenser and evaporator, among others. The onboard oxygen generation system segment is estimated to lead the market in 2017. An onboard oxygen generation system is an important system in an aircraft, as it facilitates the flow of fresh air in an aircraft cabin. The main function of the onboard oxygen generation system is to provide pressurizedairto the cabin and convert engine bleed air to oxygen-rich air suitable for human intake. The system works with the help of other components, such as engine bleed air system, shutoff valve, heat exchangers, oxygen concentrator, plenum, and regulators.
Based on platform, the market has been segmented into fixed wing and rotary wing. The fixed wing segment is projected to witness a higher growth during the forecast period. Rotary wing aircraft fly at a comparatively lower altitude than fixed wing aircraft. Therefore, the cabin of rotary wing aircraft is not required to be pressurized and the aircraft require smaller air management systems as compared to fixed wing aircraft.
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Regions, including North America, Europe, Asia-Pacific, and rest of the world have been considered in the geographical analysis of the air management system market. North America is estimated to lead the market in 2017, as the major regions in the global aviation industry, with the presence of major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.) in the region.
Backlogs of aircraft deliveries can restrain the growth of the air management system market. Major manufacturers of aircraft have a large number of orders for new aircraft, due to the increased air passenger traffic across regions in recent years. However, the limited manufacturing capacity of these companies has led to a large backlog of aircraft deliveries, which can result in order cancellation.
Products offered by various companies operating in the air management system market have been listed in the report. The recent developments section of the report includes information on strategies adopted by various companies between 2012 and 2016. Major players in the market include Liebherr Group (Switzerland), United Technologies Corporation (U.S.), and Honeywell International Inc. (U.S.), among others. These companies have an excellent geographic reach and distribution channels.
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