Pune, India -- (SBWIRE) -- 05/10/2018 -- Market Highlights:
Air management system market is showing a significant growth, owing to advanced technology that results in efficient air management systems, increased heat loads from the use of electric system in aircrafts and rise in the production and procurements of aircrafts. The study showcased an increased in air traffic at a rapid pace is the major factor driving the air management system market. According to a recent study report published by the Market Research Future, The global market of air management system market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The latest trend gaining traction in the air management system market is the adoption of renewable materials and designs for air management system. The aircraft manufacturers are undertaking several measurers to optimize aircraft operations and improve fuel efficiency, thereby adopting lightweight and eco-friendly materials for the aerospace industry. The increase in adoption of these new materials to surge durability and increase the life-cycle of the product. For example, melamine foam is implemented on a significant scale in environmental control systems of aircraft and this material provides excellent thermal and sound insulation.
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Major Key Players
Honeywell International Inc (U.S.),
United Technologies Corporation (U.S.),
Meggitt Plc (U.K.),
Rockwell Collins Inc. (U.S.),
Diehl Stiftung & Co. KG (Germany),
Shimadzu Corporation (Japan),
Liebherr Group (Switzerland),
Zodiac Aerospace (France),
Dukes Aerospace, Inc. (U.S.), and Aeronamic Aircraft Subsystems (Netherlands) among others.
The global The Air Management System Market is expected to grow at USD ~$6.55 Billion by 2023, at ~6.5% of CAGR between 2017 and 2023.
Competitive Analysis
The market of air management system market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Regional Analysis
The global air management system market is divided into four regions, namely North America, Asia Pacific Europe and the Rest of the World. North America is anticipated to account for the largest market share in the air management system market. Owing to the increasing demand of air passenger traffic and production of new aircraft is driving the air management system market. European region showcased significant growth towards the air management system market. In Asia Pacific region countries such as China, Japan and India have shown considerably share in the air management system market and will be fastest growing during the forecast period.
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Intended Audience
- System Security
- Air Management System devices and systems manufacturers
- Aircraft Manufacturers
- Environmental System Manufacturers
- Military Service Providers
- Regulatory Bodies
- Air Management System certification providers
- Air Management System lifecycle service providers
- Product manufacturers
- Research organizations
- Technology investors
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