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Aircraft Oxygen Systems Market 2024 | Business Insights, Development Plans, And Growth Analysis Report To 2033

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Aircraft Oxygen Systems Market 2024 | Business Insights, Development Plans, And Growth Analysis Report To 2033

Overview and Scope

Aircraft oxygen Aircraft Oxygen Systems refer to the oxygen equipment that is installed in most commercial and business aircraft types, as well as many military aircraft, that generates or stores a supply of pure oxygen, controls it, liquefies it as necessary, and then distributes it to crew or passengers. Aircraft oxygen systems are used to prevent hypoxia and work in conjunction with pressurization systems.

Sizing and Forecast

The aircraft oxygen systems market size has grown strongly in recent years. It will grow from $5.33 billion in 2023 to $5.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to aviation safety regulations, industry collaboration and research, emergency preparedness focus, passenger safety emphasis, global air travel expansion..

The aircraft oxygen systems market size is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rise in long-haul flights, shift towards sustainable solutions, innovative oxygen storage solutions, health crisis preparedness, aircraft fleet expansion.. Major trends in the forecast period include enhanced safety regulations, aircraft fleet modernization, shift to lightweight materials, product innovation, technological advancement.

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Segmentation & Regional Insights

The aircraft oxygen systems market covered in this report is segmented –

1) By Component: Oxygen Storage System, Oxygen Delivery System, Oxygen Mask System

2) By System: Passenger Oxygen System, Crew Oxygen System

3) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Body Aircraft, Regional Aircraft

4) By Technology: Chemically-Induced System, Compressed Oxygen System

5) By End-User: Commercial Aviation, Military Aviation, Other End-Users

North America was the largest region in the aircraft oxygen systems market in 2023. The regions covered in the aircraft oxygen systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increasing number of people traveling by aircraft is expected to boost the growth of the aircraft oxygen systems market going forward. People traveling by aircraft, also known as air passengers, refers to a person or business involved primarily in the transportation of people by aircraft on both domestic and international routes. Increasing the number of passengers flying can help airplane oxygen systems increase due to economies of scale. When more people fly, there is a higher demand for oxygen systems. With more people flying, airlines will have a greater incentive to improve their oxygen systems, benefiting both the airline business and customers. For instance, in March 2022, according to the International Air Transport Association (IATA), a Canada-based trade association that supports airline activity and helps formulate industry policy and standards, there will be 4.0 billion air passengers worldwide in 2024 (including multi-sector connecting flights as one passenger), reaching pre-COVID-19 levels (103% of the amount for 2019). The total number of travelers in 2021 was 47% higher than in the prior years, and in 2022, 83% are anticipated, followed by 94% in 2023, 103% in 2024, and 111% in 2025. Therefore, the increasing number of people traveling by aircraft is driving the growth of the aircraft oxygen systems market.

Key Industry Players

Major companies operating in the aircraft oxygen systems market report are Aviation Oxygen Systems Inc., Adams Rite Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG, Essex Industries Inc., Precise Flight Inc., Technodinamika JSC, Safran S.A., Air Liquide S.A., Aerox Aviation Oxygen Systems, B/E Aerospace Inc., BASA Aviation Ltd., East/West Industries Inc., RTX Corporation, Ventura Aerospace Inc., AVOX System Inc., Meggitt plc, Rostec State Corporation, Worthington Industries Inc., AerCap Holdings N.V., Avolon, Air Lease Corporation, SMBC Aviation Capital, BOC Aviation, Puritan Bennett Corporation, 3M Company, Securaplane Technologies Inc., Teledyne Technologies Incorporated, WestAir Gases & Equipment Inc., Tyco International plc

The aircraft oxygen systems market report table of contents includes:

1. Executive Summary

2. Aircraft Oxygen Systems Market Characteristics

3. Aircraft Oxygen Systems Market Trends And Strategies

4. Aircraft Oxygen Systems Market - Macro Economic Scenario

5. Global Aircraft Oxygen Systems Market Size and Growth

.....

32. Global Aircraft Oxygen Systems Market Competitive Benchmarking

33. Global Aircraft Oxygen Systems Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Aircraft Oxygen Systems Market

35. Aircraft Oxygen Systems Market Future Outlook and Potential Analysis

36. Appendix

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