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Air Management System Market Size 2020, Growth with Trends and Business Opportunity | Market Poised to Expand with a CAGR of 6.5% by 2023

Air Management System
Air Management System

The global Air Management System Market is expected to reach a valuation of USD 6.5 billion by the end of the forecast period of 2017-2023, according to the latest research report from Market Research Future (MRFR). Estimated revenue growth in terms of volume with respect to the market for the upcoming years has been mentioned in depth. This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis. Market experiences an exponential growth by 2020, registering a fabulous CAGR of 6.5% during forecast period.

Air management systems are essential to maintaining the ambiance on board as they supply air to different parts of the aircraft and perform functions such as ventilation, fire suppression, smoke detection, etc. Airlines are increasingly emphasizing on the improvement of comfort and convenience which also makes them invest in procurement and upgradation of aircraft which, in turn, propels the growth of the market. Airlines are heavily investing in electric aircraft systems to improve fuel efficiency, reduce emission rates, and cut down on maintenance costs. There has been a significant increase in air traffic across the world owing to more air travels and also frequent business travel.

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Key Players:

Honeywell International Inc (U.S.), United Technologies Corporation (U.S.), Meggitt Plc (U.K.), Rockwell Collins Inc. (U.S.), Diehl Stiftung & Co. KG (Germany), Shimadzu Corporation (Japan), Liebherr Group (Switzerland), Zodiac Aerospace (France), Dukes Aerospace, Inc. (U.S.), and Aeronamic Aircraft Subsystems (Netherlands) among others.

Air Management System Market Segmentation:

By component, the market has been segmented into Sensors, Valves, Condenser and Evaporator, Air Cycle Machines, Heat Exchangers, Air Separator Modules, Air Mixers, Onboard Oxygen Generation System, Control and Monitoring Electronic units, and others. The sensor segment is expected to witness the highest growth over the forecast period due to the need for various parameters such as density, the thickness of ice, temperature in aircraft.

By system, the market has been segmented into Oxygen System, Fuel Tank Inserting System, Ice Protection System, Engine Bleed Air System, Cabin Pressure Control System, Thermal Management System, Distributed Control Systems, and Others.

By platform, the market has been segmented fixed wing, rotary wing, and others.

By end-users, the market has been segmented into Defense and Military, Aircraft and Aerospace, Automotive, Industrial, Transportation, Commercial Aircraft, Regional Aircraft, and Others.

Regional Analysis:

Geographical subdivision of the Air management systems market includes the prominent regions in the market during the prediction period. North America is projected to lead the global air management system market due to increasing demand for passenger traffic and new aircraft and the presence of major players in the region. Europe market is also expected to show positive growth curve over the forecast period.

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Major Highlights of TOC Covers:

  1. Executive Summary
  2. Key Business Trends
  3. Regional Trends and Growth
  4. Air management systems Market Segmentation
  5. Company Profiles
  6. Business Overview
  7. Financial Data
  8. Product Landscape
  9. Strategic Outlook
  10. SWOT Analysis
  11. Regional Air management systems Market Share
  12. Revenue and Sales Forecast

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