New York, NY, May 15, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Aircraft Oxygen System Market by System (Passenger Oxygen and Crew Oxygen), By Component (Oxygen Delivery, Oxygen Storage, and Oxygen Mask), and By Mechanism (Chemical Oxygen Generator and Compressed Oxygen System): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global aircraft oxygen system market was valued USD 3.96 billion in 2018 and is expected to reach around USD 6.53 billion by 2025, at a CAGR approximately 7.4% between 2019 and 2025.
Aircraft oxygen systems are used as emergency equipment to pressure aircrafts. They are majorly used when there is a drop in the cabin pressure or when the cabin altitude has spiked above the safety level. In addition, these systems are also used for maintaining humidity levels and temperature. Emergency oxygen masks/systems are a vital part of the aircraft oxygen systems and are deployed when primary gadget fails or starts shutting down.
Browse through 54 Tables & 18 Figures spread over 110 Pages and in-depth TOC on “Global Aircraft Oxygen System Market: Type, Application, Size, Share, Segments, Analysis and Forecast, 2018–2025”.
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The aviation sector is booming globally with the growing number of passengers traveling via flights. This rise has also increased the safety and security concerns. Interestingly, the Federal Aviation Administration (FAA) has laid down new rules and norms for safer travel. In addition, various innovations witnessed in the aviation sector have helped in developing advanced and safer aircrafts. The launch of these new aircrafts that are integrated with AI will diagnose and even predict faults. Furthermore, with the replacement of aging aircrafts, the demand for aircraft oxygen systems is projected to grow globally in the future. However, limited production capacity and stringent regulations for safety may hamper this market’s growth. Additionally, the on-going technological advancements witnessed in different regions and the reconfigurations of cabin structure are projected to create new growth opportunity for the aircraft oxygen system market over the projected period.
On the basis of system, the aircraft oxygen system market is bifurcated into passenger oxygen and crew oxygen. The passenger oxygen segment is expected to grow at a faster rate in the years ahead, owing to the growing number of passengers traveling across the globe. The component segment of the market includes oxygen mask, oxygen storage, and oxygen delivery. By mechanism, the aircraft oxygen system market includes chemical oxygen generator and compressed oxygen system. The emergency oxygen mechanism segment is likely to dominate the market, as the emergency oxygen mechanism is mandatory for aircrafts that are certified to operate above 25,000 ft. to maintain safety.
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By region, the North American region is expected to hold a considerable share of the global aircraft oxygen system market over the forecast timeline. This regional share can be attributed to the presence of renowned aircraft manufacturers like Bombardier, Boeing, and Cessna, which are concentrating on expanding their fleet capacity to cater to more number of customers for small- and medium-sized commercial aircrafts. In addition, Shaw Aerox AOS displayed a variety of latest long-duration supplemental oxygen products at NBAA2017 in Las Vegas. It also offered a new line of FAA-approved continuous flow of oxygen masks that included dilute demand mask, which can be used by commercial aviation crew and passengers at an altitude of 40,000 ft. This, in turn, is likely to further contribute to the region’s aircraft oxygen system market.
Europe’s aviation industry is flourishing at a considerable rate, owing to an increase in the number of passengers and airlines working on the enhancement of passengers’ seating capacity. The majority of the European economy’s share is held by the civil aerospace.
Browse the full “Aircraft Oxygen System Market by System (Passenger Oxygen and Crew Oxygen), By Component (Oxygen Delivery, Oxygen Storage, and Oxygen Mask), and By Mechanism (Chemical Oxygen Generator and Compressed Oxygen System): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/aircraft-oxygen-system-market
The Asia Pacific is expected to witness noticeable aircraft oxygen system market growth over the projected time period, owing to increasing demand for new commercial aircrafts, improving standards of living of the regional population, and growing purchasing power. The Asia Pacific aircraft oxygen system market is majorly growing due to the production of commercial aircrafts in China and Japan.
In Latin America, the Gripen’s transfer of technology held in October 2015 by Saab allowed more than 120 Brazilian engineers to participate in theoretical and practical job training in Sweden in different disciplines, such as production, development, and maintenance of an aircraft. Today, most of them are working with the Global Documentation and Distribution Network (GDDN).
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The development of the aviation industry and the increasing number of air traffic/passengers are majorly driving the Middle Eastern and African aircraft oxygen system market. According to the recent updates, UAE Air Arabia (low-cost carrier) is set to launch flights to Kuala Lumpur in Malaysia, which would operate daily from July 1, 2019. This development will also result in trade ties between the UAE and Malaysia. The airline is also planning to launch additional flights that will offer value for money travel options to travelers.
Some key participants operating in the global aircraft oxygen system market are ATR, Cobham, Technodinamika, Airbus, B/E Aerospace, Zodiac Aerospace, Rockwell Collins, Diehl Stiftung, Aviation Oxygen Systems, Adams Rite Aerospace, Essex Industries, and East/West Industries.
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This report segments the global aircraft oxygen system market into:
Global Aircraft Oxygen System Market: By System
- Passenger Oxygen
- Crew Oxygen
Global Aircraft Oxygen System Market: By Component
- Oxygen Delivery
- Oxygen Storage
- Oxygen Mask
Global Aircraft Oxygen System Market: By Mechanism
- Chemical Oxygen Generator
- Compressed Oxygen System
Global Aircraft Oxygen System Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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