As per the current market trends and the promising nature of the global aircraft oxygen system market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Fact.MR would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period “2018 to 2028”, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.
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Aircraft Oxygen System Market: Introduction
Aircrafts generally fly in low air pressure area rendering the atmospheric air undesirable within the aircraft cabin. Hence, internal systems are employed to generate surface specific conditions within the cabin so as to support the passengers within an aircraft and maintain cabin pressurization. These systems are known as aircraft oxygen systems and in the present market scenario is installed in every aircraft built so far. In addition to its purpose to maintain surface level atmospheric conditions, it also helps in controlling humidity levels and temperature as well. Emergency oxygen system is a part of the main aircraft oxygen system and is deployed whenever the primary system fails or shuts down.
Aircraft Oxygen System Market: Dynamics
Air travel has been steadily improving over the past couple of years owing to affordability and conveyance it offers to the consumers. Growing disposable income among the working class population and migration of the same from rural to urban areas has increased the demand for air travelling and is anticipated to continue in the future. The two major players in the commercial aircraft manufacture have predicted that the demand for new passenger aircrafts is expected to grow by more than hundred percent owing to the rate at which passenger count has increased. Reports published by IATA (International Air Transport Association) suggest that passenger growth has averaged around 2% on yearly basis touching 3.8 billion passengers in the 2016 alone, prompting the airline carriers to order new aircrafts in large number. This changing trend is the key factor in establishing a positive growth for the aircraft oxygen system market.
Regulation and policies formed by various airline associations mandate regular maintenance and replacement of worn out aircraft parts. This has led to a positive growth in aircraft MRO ((Maintenance, Repair and Overhaul) services wherein aircrafts are refurbished regularly in order to stock aircrafts with latest parts and systems. A growing trend within the airline industry is that airline carriers that are among the top players regularly lease their older aircraft fleet to smaller airline carriers. This helps the top players the generate investment to order and purchase newer aircrafts.
It is a well-known fact the aircraft manufacture requires huge amount of investment, planning, lead time among others. Such factors tend to create undelivered backlogs whenever large number of orders are placed by various airline carriers. This can act as a restraint to the growth of aircraft oxygen system market leading to delayed deliveries of the system and payments as well. Lack of well-knit supply chain of the system is another factor acting as a roadblock to the growth of the market.
Aircraft Oxygen System Market: Regional Outlook
The market performance of aircraft oxygen system depends upon the production numbers of an aircraft. The two largest players involved in commercial aircraft production are based in North America and Europe region while some smaller players have their bases in Canada, Brazil and France. Collectively it can be said that the aircraft oxygen system market is expected to generate high sales return in North America, Europe and Latin America owing to the presence of large scale manufacturers forming the OEM segment of the market as well as strong performance in the aftermarket segment as well. However, the performance in other regions including Japan, Asia Pacific and Middle East & Africa is expected to solely depend on how frequently the systems are replaced on an existing aircraft fleet through MRO (Maintenance, Repair and Overhaul) hence generating revenue largely from the aftermarket segment.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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