The aircraft oxygen system market is expected to register a CAGR of 5% during the forecast period, to reach a valuation of US$ 7.9 Bn by 2032.
Sales of aircraft oxygen system is expected to rise as there has been a significant increase in the number of air travels. In addition to this, demand for aircraft oxygen system is rising on account of rapid advancements in the oxygen storage systems.
| Attributes | Details |
| Aircraft Oxygen System Market Anticipated Forecast Value (2032) | US$ 7.9 Bn |
| Aircraft Oxygen System Market Projected Growth Rate | 5% |
The increasing need for portable oxygen is also projected to contribute to the growth of the aircraft oxygen system market share.
The report sheds light on the factors improving the sales of aircraft oxygen system, and, in turn, the opportunities for the market players. However, the aircraft oxygen system market also faces some challenges, which might limit the aircraft oxygen system market share from reaching its potential.
Some of the key aircraft oxygen system market trends promoting the demand for aircraft oxygen system include the expansion of the aviation oxygen system market fueled by an increase in air travel, the replacement of ageing aircraft, and increased passenger traffic.
Restraints on the growth of the aircraft oxygen system market include strict safety rules and supplier production capacity restrictions. The primary factors providing an opportunity for the expansion of the aviation oxygen system market are the reconfiguration of cabin structure and system setup challenge doors.
Growing air travel and traffic endures to continue an introductory factor that is likely to drive the demand for aircraft oxygen system. To maintain the pressure in the cabin and to avoid hypoxia in the aircraft, International Civil Aviation Organization (ICAO) has suggested using additional oxygen, which is impacting the sales of aircraft oxygen system.
The human body is a highly aerobic organism that consumes oxygen according to its metabolic demand at tissue levels. Any decrease in atmospheric pressure reduces the amount of oxygen one can absorb while breathing. To enable human presence in the flight at high altitudes, the cabin of the aircraft has to be pressurized to duplicate the pressure at a lower altitude.
Aircraft oxygen systems are designed to regulate and dilute the level of oxygen as required or generate a supply of pure oxygen, which is distributed among the crew or passengers. The high utility has improved the demand for aircraft oxygen systems.
The Original Equipment Manufacturers are mixing innovative features in the innovative generation aircraft that includes sensors has fortified the integration of smart aircraft oxygen system for sensing the supply of oxygen and enable the continuous source of oxygen, thereby increasing the sales of aircraft oxygen system.
The aviation sector is entering into an evolutionary cycle to transform every walk of life. The growing need for lightweight aircraft and equipment are expected to drive the demand for aircraft oxygen system.
The global sales of aircraft oxygen system are anticipated to see a noteworthy growth over the forecast period. Owing to the rising adoption of air travel, the Europe and North America regions are anticipated to see a comparatively tremendous increase in the demand for aircraft oxygen systems.
On account of the growing middle-class economy and the appearance of low-cost Chinese manufacturers, the Asia Pacific region specifically is projected to rise as the fastest-growing region over the next few years, with the highest growth in the sales of aircraft oxygen system.
The lucrative aviation industry, specifically in the U.S., Brazil, China, Thailand, India, France, Japan, UK, and the Middle East, offers adequate progress prospects for enterprises operating in the aircraft oxygen system market.
The rising number of deliveries of commercial aircrafts is majorly driving the demand for aircraft oxygen system in the Asia Pacific region. The rise in disposable income and changing demographics in the region is also one of the prominent factors which are driving the demand for air travel, leading to the demand for new pilots, thus, resulting in the demand for new aircraft oxygen systems in the region.
Zodiac Aerospace S.A, Air Liquide, Aeromedix.Com Llc, Technodinamika Holding, Jsc, B/E Aerospace Inc, Ventura Aerospace, Inc, Aviation Oxygen System Inc, BASA Aviation Ltd, Precise Flight Inc, and Cobham PLC are the major players operating in the aircraft oxygen system market.
Contracts accounted for a significant portion of the total growth strategies used by the companies to improve the sales of aircraft oxygen systems. This technique has aided these businesses in increasing their market positions and catering to the rising demand for aircraft oxygen system.
The report consists of key players, contributing to the aircraft oxygen system market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analysis the competitive landscape and aircraft oxygen system market share acquired by players to strengthen their market position.
| Report Attribute | Details |
| Growth rate | CAGR of 5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Aircraft Type System Type Component Type, Mechanism Type, Assembly Type, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Zodiac Aerospace S.A, Air Liquide, Aeromedix.Com Llc, Technodinamika Holding, Jsc, B/E Aerospace Inc, Ventura Aerospace, Inc, Aviation Oxygen System Inc, BASA Aviation Ltd, Precise Flight Inc, and Cobham PLC |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The aircraft oxygen system market is anticipated to register a CAGR of 5% during the forecast period.
Key players holding substantial aircraft oxygen system market share include Zodiac Aerospace S.A, Air Liquide, Aeromedix.Com Llc, Technodinamika Holding, Jsc, B/E Aerospace Inc, Ventura Aerospace, Inc, Aviation Oxygen System Inc, BASA Aviation Ltd, Precise Flight Inc, and Cobham PLC.
As per the analysis, the aircraft oxygen system market share is likely to be US$ 4.1 Bn by 2027.
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Aircraft Oxygen System Market
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