Market Research Future published a research report on “Air Management System Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Air management systems are designed to ensure the safety and comfort of customer during flights. These systems are serviced regularly for providing a proper channel of air to customers and other system components. Market Research Future (MRFR) has conducted an examination of the global air management system market in its latest report and covers latest drivers and challenges to impact the industry for the period of 2017 to 2023 (forecast period). The COVID-19 outbreak and its implications on the production and supply chain of aviation air distribution and management systems.
The global Air Management System Market is expected to grow to USD 6.55 billion by 2023 at 6.5% CAGR during the forecast period. The huge need for thermal management system owing to heavy loads on electrical system, performance efficiency of air management systems, and comfortable ambience in aircraft are key drivers of the market. The investment in electric aircraft owing to the shift away from mechanical systems can be an indicator of the large potential of the market.
The rise in air passenger traffic and need for thermal management systems can bolster the market demand in the forthcoming years. Replacement of pneumatic systems by electric systems in the latest aircraft can provide comfort to passengers. The management of heat loads and prevention of accidents can be lucrative for the global air management system market. Adherences to strict cleaning policies by federal agencies for thorough disinfection of surfaces and removal of fungal spores, viruses, dust, and bacteria have been implemented by major air carriers.
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By component, it is segmented into air separator modules, air mixers, valves, air cycle machines, control and monitoring electronic units, condenser and evaporator, onboard oxygen generation system, heat exchangers, sensors, and others. Out of which, the sensors segment is estimated to exhibit the highest growth during the forecast period due to the need to control parameters such as density, temperature, and thickness of ice.
By system, it is segmented into cabin pressure control system, thermal management system, oxygen system, ice protection system, fuel tank inserting system, distributed control systems, engine bleed air system, and others.
By platform, it is segmented into rotary wing, fixed wing, and others. Rotary wing aircraft can command a high market share owing to small air management systems and low amount of cabin pressure.
By end-users, it is segmented into industrial, regional aircraft, transportation, commercial aircraft, defense and military, aircraft and aerospace, automotive, and others.
Among these regions, North America is expected to lead the largest market share in the air management system market during the forecast period. It is due to the increasing demand of air passenger traffic and new aircraft.
Europe is also showing the positive sign towards air management systems. The partnership by major carriers and cabin management system manufacturers can drive the market demand. On the other hand, APAC countries such as China, Japan and India have shown considerably fair share in the global air management system market and will showcase rapid growth during the forecast period.
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