Air Management System Market Trends and Analysis by 2028

The air management system market was valued at US$ 5,607.19 million in 2021 and is projected to reach US$ 8,804.88 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

The presence of a large number of older commercial aviation fleets worldwide is generating the demand for retrofitting and upgrades of the existing fleet. Also, the launch of new aircraft MRO hangars and MRO bays is directly proportional to the demand for different air management systems, one of the strong catalyzers of the air management system market. In addition, the continuous investments by airliners for aircraft upgrades due to the expansion of their existing aircraft fleet is boosting the demand for air management systems globally. For instance, one of the leaders in Indian aviation, InterGlobe Aviation Ltd. (Indigo Airlines), signed a 20-year-agreement with Bangalore International Airport Limited (BIAL) in 2019 to build its second MRO facility in India. According to the company's statement, the new hangar can serve two narrow-body aircraft and an engine MRO. Likewise, in 2020, Guangzhou Aircraft Maintenance Engineering Co. Ltd. (GAMECO) launched and started operations in Asia's largest MRO hangar at Beijing Daxing Airport, China. The hangar can simultaneously handle/service 2 Airbus A380s, 3 Boeing 777s, and 3 Airbus 320s or up to 12 A320 series narrow-body aircraft fleets. Some of the aircraft models operating with more than 15-20 years of their service life need serious upgrades at the current scenario for better operational efficiency and to enhance their capabilities.. Moreover, some general aviation models have witnessed a healthy rise in deliveries, despite the COVID-19 pandemic. For instance, the sale of ~241 units of CE-172S Skyhawk SP was reported in 2020, up from ~126 units delivered in 2019. Additionally, the delivery volume of single-engine piston airplanes also increased in 2020. According to the General Aviation Manufacturer's Association, ~1,155 units of single-engine piston airplanes were delivered during FY 2020 worldwide, up from ~1,111 units delivered during FY 2019. Therefore, the rise in deliveries of new general aviation is fueling the demand for new installations of air management systems, aiding the air management system market growth.

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Impact of COVID-19 Pandemic on North America Air management system Market Size

The US has witnessed the most severe impact of COVID-19 in 2020. The region's aircraft manufacturers and service providers had been affected due to nationwide lockdowns and travel restrictions, the shutdown of aircraft production facilities, and shortage of employees on the work floors, which hampered the air management system market growth.

The pandemic has reached an unprecedented level of net losses and recovery delays in for the airline industry in North America. The aircraft industry was one of the strongest performers in the region during the pre-crisis period. Moreover, after the emergence of the latest variant of COVID-19 (Omicron), North American countries restricted their borders for flights from African countries to control its spread in the continent. Recovery in demands for commercial, military, and general aviation aircraft, along with helicopters, for different applications is anticipated to boost sales of the air management systems in the region during the forecast period.

Lucrative Regions for Air management System Market

Market Insights – Air management system Market

System-Based Insight

Based on system, the air management system market is segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank inerting system, oxygen system, and engine bleed air system. The thermal management system is designed to control the air conditioning, temperature, and humidity during flight operation in order to ensure safety and comfort. An aircraft comprises many electrical and electronic components that release a lot of heat and temperature, which can cause equipment failure if not maintained properly during a flight operation. One of the major reasons behind the higher adoption of composite materials for commercial, military, and general aviation aircraft production is the greater temperature sensitivity provided by them. One of the major factors driving the market growth for the thermal management systems is increasing heat loads from expanded electronic functionality and the necessary relevance of aircraft electric system architectures during aircraft production.

The air management system market is segmented on the basis of component, system, platform, and geography. Based on component, the market is subsegmented into on-board oxygen generation system, sensors, condenser and evaporator, air cycle machines, control and monitoring electronics units, and others. On the basis of system, the air management system market is further segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank inerting system, oxygen system, and engine bleed air system. Based on platform, the market is further segmented into fixed wing and rotary wing. In terms of geography, the air management system market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Collins Aerospace (Raytheon Technologies), Diehl Stiftung and Co. Kg, Honeywell International Inc., Liebherr-International Deutschland GmbH, Meggitt Plc, Parker Hannifin Corporation, Shimadzu Corporation, Safran, AMETEK Inc., and Boyd Corporation are among the key players profiled during the air management system market study.

Players operating in the air management system market are mainly focused on the development of advanced and efficient products.

• In 2021, AMETEK Singapore began working with its sister company AMETEK Air technology to provide aftermarket service for A350 electrical heaters.
• In 2021, Parker Hannifin Acquired LORD Corp. to create an integrated organization with strong materials science capabilities for offering electrification and aerospace product offerings that are highly complementary.

Report Scope

Published Report - Air Management System Market Regional Insights

The regional trends and factors influencing the Published Report - Air Management System Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Published Report - Air Management System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Published Report - Air Management System Market Report Scope

Published Report - Air Management System Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Air Management System Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.