Airrahe Ultralights
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One of the main growth drivers in this market is the preference for aircraft with advanced technology. In addition, the demand for maintaining a safe cabin environment for passengers and the regulatory requirement to install oxygen systems will further accelerate the growth of the market. However, delays in aircraft deliveries will reduce the growth potential of the market.
Technavio expects the market size for commercial aircraft oxygen systems to increase by $ 1.40 billion between 2020 and 2025. However, the market growth dynamics are expected to slow to a CAGR of over 12% during the forecast period.
Commercial Aircraft Oxygen Systems Market: Segment Highlights
- By aircraft type, the narrow-body aircraft segment generates maximum revenue in the market.
- The growing demand for fuel-efficient aircraft, coupled with the growing popularity of no-frills or low-cost carriers (LCCs) in many emerging and developed economies, is driving the growth of the segment.
- In addition, the growing demand for new generation aircraft and the increasing demand for cabin comfort in the aircraft are contributing to the growth of the narrow-body aircraft segment.
- Market growth in the segment will be significant during the forecast period.
Regional analysis
- 35% of the growth will come from the North American region.
- Growing demand for new aircraft driven by the commercialization of new routes and point-to-point connections is driving the growth of the commercial aircraft oxygen systems market in North America.
- The growth of the aviation and aerospace industry is also contributing to the growth of the regional market.
- The United States and Canada are the key markets for commercial aircraft oxygen systems in North America. Market growth in this region will be slower than market growth in Europe and APAC.
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Remarks:
- The commercial aircraft oxygen systems market size is expected to decelerate to a CAGR of over 12% during the forecast period.
- The commercial aircraft oxygen systems market is segmented by type (narrow-body aircraft, wide-body aircraft, and regional aircraft), components (storage system, delivery system, and masks or cannulas), and geography (North America, Europe, APAC, South America, and MEA).
- The market is concentrated due to the presence of a few established sellers with significant market share.
- The research report offers information on several market vendors including Adams Rite Aerospace Inc., AMETEK Inc., Cobham Plc, East / West Industries Inc., Meggitt Plc, Precise Flight Inc., Raytheon Technologies Corp., Rostec State Corp., Rostec State Corp. ., Safran SA, and Ventura Aerospace Inc.
Associated reports:
1. Aircraft Cabin Upgrades Market by Type and Geography – Forecast and Analysis 2022-2026
2. Aircraft Cabin Interior Market by Product and Geography – Forecast and Analysis 2021-2025
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Scope of the Commercial Aircraft Oxygen Systems Market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Decelerate to a 12% CAGR |
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Market growth 2021-2025 |
$ 1.40 billion |
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Market structure |
Concentrated |
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Annual growth (%) |
11.54 |
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Regional analysis |
North America, Europe, APAC, South America and MEA |
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Efficient contribution to the market |
North America at 35% |
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Main consumer countries |
United States, France, Germany, China, Canada and Brazil |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Adams Rite Aerospace Inc., AMETEK Inc., Cobham Plc, East / West Industries Inc., Meggitt Plc, Precise Flight Inc., Raytheon Technologies Corp., Rostec State Corp., Safran SA and Ventura Aerospace Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period, |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
About Technavio:
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.
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SOURCE Technavio
