Variety of aircraft systems serve different purposes in different types of aircrafts and form a crucial part of oxygen supply in civil aviation. Stringent implementation of regulations on emergency or supplementary oxygen supply in the civil aviation industry has been key to the growth prospects in the aircraft oxygen systems market. Advances in oxygen storage solutions is a key factor propelling the expansion of the market. Focus is given on reducing the weight keeping the mind the purpose at hand. Carry-on portable oxygen for light aircrafts is growing in popularity. Extremely lightweight cylinders is a key factor boosting the market. Advancements in certified testing modules to make aircraft oxygen systems meet the safety requirements have boosted the market. A case in point is the growing application of hydrostatic testing of oxygen cylinders. The aviation industry is aiming at deploying oxygen systems with high serviceability. Growing demands of continuous-flow systems is also opening new avenues for equipment manufacturers.
Advances in materials have enabled manufacturers in the aircraft oxygen systems market to launch better storage systems. Moreover, their main concern in the need for portability. Over the past few years, pilots have been increasingly encouraged to use these systems given the high altitude the passenger aircrafts are flying. Improvements in technologies used in portable oxygen equipment have helped in the growth of the aircraft oxygen systems market. Aircraft oxygen systems need much caution for their safe use. The risk of fire is significant if proper care is not taken. Further, there have been instances of sudden failure of oxygen cylinders due to human negligence, especially by flight crew. All these factors have made the aviation industry be more cautious of the used of aircraft oxygen systems.
Global Aircraft Oxygen System Market: Overview
Oxygen is generally stored in aircrafts in the form of pressurized gas in one or more oxygen cylinders. Oxygen cylinders are usually stored for the occupants of flight deck, to be used in case of emergency situations. However, in certain types of aircraft oxygen is stored in the form of liquid. It is expected that the global aircraft oxygen system market would make rapid strides along growth trajectory during the period of assessment, from 2019 to 2027. The market is anticipated to rise on the back of rapid growth in the passenger traffic across the globe and availability of smaller, compact parts of aircraft oxygen system.
In a bid to offer a detailed view on the global aircraft oxygen system market, the market has used the parameters of technology, mechanism, component, system, and region for analysis.
Global Aircraft Oxygen System Market: Notable Developments
The following merger disclose of the one of the many developments that have taken place in the global aircraft oxygen system market in the last few years:
- Safran S.A. agreed to enter into a merger with Zodiac Aerospace in May 2018. Following the merger, services of Zodiac Aerospace in oxygen and fluid systems, fuel, seats, safety equipment, power distribution, and cabin interiors would be integrated into Safran S.A.’s capabilities like avionics, wheels and brakes, landing gear, and actuation. This strategic decision is expected to boost expansion of the aircraft oxygen system worldwide.
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Some of the leading market vendors of the global aircraft oxygen system market are as mentioned below:
- Aviation Oxygen Systems Inc.
- Zodiac Aerospace ADR
- Rockwell Collins Inc.
- B/E Aerospace
- Adams Rite Aerospace Inc.
- Diehl Stiftung & Co. KG
Global Aircraft Oxygen System Market: Key Trends
Change is the only constant. The global aircraft oxygen system market is not devoid of constant changes. The market is likely to be shaped by the following drivers, restrains, opportunities during the assessment timeframe.
Rapid Rise in the Number of Passengers Opting Air Travel Bolster Demand in the Market
The global aircraft oxygen system market is likely to be driven by rising air traffic and travel worldwide. According to International Air Transport Association (IATA), following the current trend, it is expected that by the end of 2037 the number of air travel passengers would reach a whopping 8.2 billion. Such a staggering figure of passengers travelling by air would provide nearly 100 million employment opportunities across the globe.
Apart from increased air travel passengers, increasing disposable income is likely to amplify growth opportunities of the global aircraft oxygen system market. With more money to spare, people have the propensity to travel by air to save time and travel in comfort.
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The global aircraft oxygen system market is also influenced by the growing availability of smaller yet robust aircraft oxygen systems. Three components comprise an entire aircraft oxygen system unit i.e. a container, a delivery system, and a mask. As these components get smaller and better with the technological advancement, the global aircraft oxygen system market is likely to expand over the period of assessment.
The evolution in the aviation sector has metamorphosed the every aspect of life, be it travel or e-commerce or post. The rising demand for lightweight aircraft and its equipment to achieve better fuel efficiency and longer life span of an aircraft is supporting growth of the global aircraft oxygen system market.
Global Aircraft Oxygen System Market: Geographical Analysis
Latin America, Asia-Pacific, Middle East and Africa, Europe, and North America comprise the major regions of the global aircraft oxygen system market.
The global aircraft oxygen system market is anticipated to see a noteworthy growth in regions like North America and Europe. Increased adoption of air travel even for shorter routes is likely to propel the demand for aircraft oxygen system. With the presence of leading market players in these regions, the market is likely to ride high in forthcoming years.
Asia Pacific is another region that is taking massive leap when it comes to air travel. According to IATA, China and India are likely to account for almost half of the total air passengers across the globe in the next two decades. Such rise is attributed to the rising disposable income, reduced airfare, and better connectivity through air travel in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.