According to a new market research report published by Credence Research “Air Management Systems Market (System Type – Thermal Management, Air Supply, Cabin Pressurization and Temperature Control, Smoke Detection, Fire Suppression and Others (Ventilation, Ice Suppression, etc.); Aircraft Type – Fixed Wing and Rotary Wing) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025”, the global air management systems market is estimated to hit US$ 8.5 Bn by 2025.
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Passenger comfort is one of the most crucial factors accounted by the airline companies. In order to ensure optimum comfort to the passengers at high altitudes, the aircrafts are required to be equipped with effective pressurization and air conditioning systems. The air management system on an aircraft refers to a system that provides and manages the necessary air supply to different parts of the aircraft. These systems comprise multiple systems such as ventilation, cabin temperature control, fuel tank inerting, smoke detection, fire suppression and cabin pressurization.
The overall air management systems market is primarily driven by the consistently growing aviation industry worldwide. Post-slowdown in 2009, the global aviation industry has registered strong growth globally. Similarly, though the aviation industry registered negative growth in the years 2015 and 2016, the International Air Transport Association (IATA) expects the industry to register a revenue growth of over 5% in the year 2017. As a result, the overall aircraft manufacturing sector is projected to remain strong in the following years, thereby driving the demand for related systems (such as air management systems). With the continually growing competition in the aviation industry, airline companies are more focused towards providing comfortable flight to the passengers. This is estimated to remain another major factor responsible for the air management systems market growth in the following years.
However, one of the major restraints impacting the market growth is the backlogs of aircraft deliveries. Due to the historical inconsistencies in the aviation industry revenue, aircraft delivery backlogs have risen remarkably, often resulting in order cancellations. In addition, these systems are enforced to follow the ‘no-fly’ rule against any infringement, thereby toughening the players to operate in the market.
- Introduction of no-bleed system
- Continuous R&D efforts on the part of the manufacturers
- High investment on the part of the vendors towards R&D activities to innovate and develop new technologies
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