Aircraft Ignition System Market - Snapshot
According to a new market report published by Transparency Market Research titled “Aircraft Ignition System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the global aircraft ignition system market is expected to reach US$ 3,073.6 Mn by 2026. The market is projected to expand at a CAGR of 5.80% during the forecast period from 2018 to 2026. According to the report, the global aircraft ignition system market will continue to be influenced by the increasing number of aircraft deliveries across the globe coupled with the rising adoption of advance technologies in aircraft systems. Asia Pacific region is projected to be at the forefront of global demand, with the market in the region expanding at a CAGR ofabove 5.6% through 2026.
Electronic segment to be the major revenue generating and fastest growing segment throughout the forecast period
Based on product type, the global aircraft ignition system market is segmented into magneto ignition system and electronic ignition system. The magneto ignition system segment is further bifurcated into high tension magneto system and low tension magneto system. The electronic ignition system segment is expected to expand at the fastest CAGR throughout the forecast period as traditional magneto ignition systems are increasingly being replaced by the latter.
Aftermarket segment to continue to account for major revenue share
Based on end-user, the market is segmented into OEM and aftermarket. The aftermarket segment can be seen to dominate with a major revenue share in 2017. The need for maintenance and after sales service will also shoot up due to the increase in the number of aircrafts. As a result, the aftermarket segment is expected to witness a healthy growth rate during the forecast period.
North America expected to continue to hold significant share in the overall market
North America is expected to hold highest market share for aircraft ignition systems during the forecast period.This can be attributed to the increasing air traffic in the region in addition to the increase in the number of aircraft deliveries.The market in Asia Pacific is anticipated to be the fastest growing throughout the forecast period. This fast growth can be attributed to the increase in urbanization, growing middle class population, and increase in disposable income of the people especially in India and China which is leading to a spike in air traffic in the region.
Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others are some of the major players operating inthe aircraft ignition system market profiled in this study. Details such as financials, business strategies, recent developments,product implementation expertise, key contracts, certified professionals,aircraft ignition systemofferings, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Aircraft Ignition System Market - Overview
The “Aircraft Ignition System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” report provides analysis of the aircraft ignition system market for the period 2016–2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the aircraft ignition system market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue(in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, U.K, India, China, Japan, GCC countries, South Africa, and Brazil.
This report analyzes and forecasts the market for aircraft ignition systems at the global and regional level. The report comprises a detailed ecosystem analysis, which provides a comprehensive view of the global aircraft ignition system market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein, end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Aircraft Ignition System Market: Taxonomy
This research study on the global aircraft ignition system market provides a detailed cross segment and cross country analysis based on the different segments including product type and industry. Based on product type, the market is segmented into magneto and electronic. The magneto segment is further bifurcated into low tension magneto system and high tension magneto system. Based on engine type, the market has been divided into turbine engine and reciprocating engine. Depending on component, the market has been segmented into igniters, exciters, leads, spark plugs, and others. Based on the end-user, the market is segmented into OEM and aftermarket.
Global Aircraft Ignition System Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
Global Aircraft Ignition System Market: Competitive Dynamics
The report include well-established players including Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others. Some of the established players are extensively focusing on research and development activities in order to launch innovative and technologically advanced products in a bid to gain competitive edge in the market.
Global Aircraft Ignition System Market
Aircraft Ignition System Market, by Product Type
- High Tension Magneto System
- Low Tension Magneto System
Aircraft Ignition System Market, by Engine Type
- Turbine Engine
- Reciprocating Engine
Aircraft Ignition System Market, by Component
- Spark Plugs
Aircraft Ignition System Market, by End-user
Global Aircraft Ignition System Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East &Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America