Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.69 Billion | USD 9.81 Billion | 6.23% | 2023 |
The global aircraft oxygen system market size was worth around USD 5.69 Billion in 2023 and is predicted to grow to around USD 9.81 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.23% between 2024 and 2032. The report analyzes the global aircraft oxygen system market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aircraft oxygen system industry.
In order to give the users of this report a comprehensive view of the aircraft oxygen system market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the market’s competitive landscape, an analysis of Porter’s Five Forces Model for the aircraft oxygen system market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Aircraft oxygen systems are specially designed to generate supply, dilute, and regulate pure oxygen as required by crew members or passengers. These systems are installed in most commercial, business, and military aircrafts, depending on the role and type of the aircraft. These can be useful for several operations like provision of emergency oxygen in case of fire, smoke, fumes, and even loss of pressure. In addition, these systems are also used for maintaining humidity levels and temperature. Emergency oxygen masks/systems are a vital part of the aircraft oxygen systems and are deployed when primary gadget fails or starts shutting down.
The global aircraft oxygen system market is likely to be driven by the growth in commercial aircraft carriage and the huge discounts offered on air tickets. Moreover, some components like oxygen delivery system in the crew oxygen systems remain unchanged. On the other hand, the entire system is replaced in case of the passenger oxygen systems. The easy availability of the vigorous oxygen system components and increasing air traffic are two major factors expected to drive the aircraft oxygen system market globally in the upcoming years. However, limited production capacity and stringent regulations for safety may hamper this market’s growth. Additionally, the on-going technological advancements witnessed in different regions and the reconfigurations of cabin structure are projected to create new growth opportunity for the aircraft oxygen system market over the projected period.
By system, the aircraft oxygen system market is bifurcated into passenger oxygen and crew oxygen. The passenger oxygen segment is expected to grow at a faster rate in the years ahead, owing to the growing number of passengers traveling across the globe. The component segment of the market includes oxygen mask, oxygen storage, and oxygen delivery. By mechanism, the aircraft oxygen system market includes chemical oxygen generator and compressed oxygen system. The emergency oxygen mechanism segment is likely to dominate the market, as the emergency oxygen mechanism is mandatory for aircrafts that are certified to operate above 25,000 ft. to maintain safety.
By region, the North American region is expected to hold a considerable share of the global aircraft oxygen system market over the forecast timeline. This regional share can be attributed to the presence of renowned aircraft manufacturers like Bombardier, Boeing, and Cessna, which are concentrating on expanding their fleet capacity to cater to more number of customers for small- and medium-sized commercial aircrafts.
Some key participants operating in the global aircraft oxygen system market are ATR, Cobham, Technodinamika, Airbus, B/E Aerospace, Zodiac Aerospace, Rockwell Collins, Diehl Stiftung, Aviation Oxygen Systems, Adams Rite Aerospace, Essex Industries, and East/West Industries.
Aircraft Oxygen System Market: Report Scope
Report Attributes | Report Details |
---|---|
Report Name | Aircraft Oxygen System Market |
Market Size in 2023 | USD 5.69 Billion |
Market Forecast in 2032 | USD 9.81 Billion |
Growth Rate | CAGR of 6.23% |
Number of Pages | 210 |
Key Companies Covered | ATR, Cobham, Technodinamika, Airbus, B/E Aerospace, Zodiac Aerospace, Rockwell Collins, Diehl Stiftung, Aviation Oxygen Systems, Adams Rite Aerospace, Essex Industries, and East/West Industries |
Segments Covered | By System, By Component, By Mechanism and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the major players in the global aircraft oxygen system market include:
The global aircraft oxygen system market is segmented as follows;
Global Aircraft Oxygen System Market: By System
Global Aircraft Oxygen System Market: By Component
Global Aircraft Oxygen System Market: By Mechanism
Global Aircraft Oxygen System Market: By Region
FrequentlyAsked Questions
An aircraft oxygen system is a critical safety component designed to supply supplemental oxygen to passengers and crew during flight, especially at high altitudes where the air pressure is lower and oxygen levels are insufficient for normal breathing.
According to a study, the global aircraft oxygen system market size was worth around USD 5.69 billion in 2023 and is expected to reach USD 9.81 billion by 2032.
The global aircraft oxygen system market is expected to grow at a CAGR of 6.23% during the forecast period.
North America is expected to dominate the aircraft oxygen system market over the forecast period.
Leading players in the global aircraft oxygen system market include ATR, Cobham, Technodinamika, Airbus, B/E Aerospace, Zodiac Aerospace, Rockwell Collins, Diehl Stiftung, Aviation Oxygen Systems, Adams Rite Aerospace, Essex Industries, and East/West Industries, among others.
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