Aerospace Oxygen System Market
Aerospace Oxygen System Market Forecasts to 2030 - Global Analysis By Component (Centralized Oxygen System), System (Crew Oxygen System, Passenger Oxygen System, Liquid Oxygen System, On Board Oxygen Generation System, Gaseous Oxygen System and Other Systems), Aircraft Type, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $5.3 BN |
|
Projected Year Value (2030) |
US $8.7 BN |
|
CAGR (2023 - 2030) |
7.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Aerospace Oxygen System Market is accounted for $5.71 billion in 2023 and is expected to reach $9.17 billion by 2030 growing at a CAGR of 8.2% during the forecast period. When an aircraft is in operation, an aviation oxygen system supplies oxygen to the crew and passengers. These devices are utilized in emergencies or when the cabin air pressure drops as a result of the aircraft operating over 12,000 feet. The human body consumes oxygen at tissue levels in accordance with metabolic requirements because it is a highly aerobic organism. The amount of oxygen that is accessible for inhalation changes with any decrease in atmospheric pressure.
According to the analysis of IATA (International Air Transport Association), around 7.8 billion passengers are expected to adopt air travel by 2036.
Market Dynamics:
Driver:
Increased use of aircraft for passengers
The ongoing rise in air travel around the world is typically attributed to three key factors. It includes the expansion of low-cost carriers, whose market share has nearly doubled and the expansion of the middle class globally. These two changes have expanded the number of consumers who can afford to travel. The expansion of airport infrastructure spending has also enhanced the world's carrying capacity. In all but one of the last 15 years, the number of scheduled passengers handled by the world's airlines has increased.
Restraint:
Bulky storage container
The main drawback is the storage containers' weight and bulk, which could be a problem for smaller aircraft. To ensure that it is safe to be transported at altitude, the aviator's oxygen must adhere to a set of requirements. This requirement can only be satisfied by breathing oxygen of the aviator's grade. These factors are hindering the market growth.
Opportunity:
Rise in passengers air travel
Growing air travel is still a primary factor encouraging the creation of cutting-edge airplane oxygen systems. This has opened up opportunities for producers of aviation oxygen systems to offer innovative products to airlines, which is anticipated to drive the market's expansion in the upcoming years. Additionally, the International Civil Aviation Organization (ICAO) has advised using supplemental oxygen to prevent hypoxia in order to manage the cabin pressure in the aircraft, which has boosted sales of aviation oxygen systems.
Threat:
Strict regulations
One of the main factors restraining market expansion and further challenging the aircraft oxygen system market over the projection period is the strict safety rules and supplier production capacity restrictions. Additionally, during this forecast period, the high cost of installation and maintenance of these devices is another factor that could restrain market revenue growth for the air force system of aircraft globally.
Covid-19 Impact:
Due to forced closures and limits imposed by governing bodies in response to the COVID-19 epidemic, the functioning of several industries has been interrupted, or they are working with fewer people. This feature is anticipated to have a sizable effect on the industry's expected revenue growth in the global market for oxygen systems. However, it is anticipated that a number of problems, including shifting aviation and an impending backlog of deliveries, could impede the shipment of aircraft oxygen systems.
The chemical oxygen generator segment is expected to be the largest during the forecast period
During the forecast period, the chemical oxygen generator is expected to grow most rapidly. These molecules are converted into oxygen flow when the source is triggered by a chemical oxygen system made of sodium chromate (NaClO3) and minute amounts of other chemicals. In the overhead storage space, this device is found over the passenger seat. Moreover, the FAA regulation requiring the use of the chemical oxygen system in aircraft carrying more than 20 passengers is largely responsible for the rapid expansion of the industry.
The passenger oxygen system segment is expected to have the highest CAGR during the forecast period
Based on system type, the market is segmented into the passenger oxygen system, liquid oxygen system, onboard oxygen generation system, gaseous oxygen system, and crew oxygen system. Passenger oxygen system is expected to have lucrative growth over the forecast period as it will continue to be the leading sector during the projected period. However, a greater proportion of passenger oxygen systems than crew oxygen systems, as well as a higher replacement rate, are driving the passenger oxygen system growth rate.
Region with largest share:
North America is anticipated to continue to be the largest market worldwide for aircraft oxygen systems during the anticipated timeframe. North American dominance in the global aerospace oxygen systems market is mostly due to the production bases of Boeing and Bombardier aircraft, as well as the growing number of commercial, regional, and general aviation fleets. These elements are boosting the region’s growth.
Region with highest CAGR:
Due to OEMs' (original equipment manufacturers) operations integrating cutting-edge features into new-generation aircraft, the Asia-Pacific region is anticipated to experience profitable growth during the prolonged time frame. However, this has driven the use of adaptive oxygen systems in aircraft, which have sensors for monitoring oxygen levels and enabling continuous oxygen provision. For instance, in aircraft, the OBOGS (On Board Oxygen Generating System) produces oxygen and performs filtration, oxygen gas monitoring, and quality control.
Key players in the market
Some of the key players in Aerospace Oxygen System market include Adams Rite Aerospace Inc., Aeromedix.Com Llc, Air Liquide, Aviation Oxygen Systems Inc., B/E Aerospace Inc., BASA Aviation Ltd, Cobham plc, Diehl Stiftung & Co. KG, East/West Industries Inc., Essex Industries Inc., Precise Flight Inc., Rockwell Collins Inc., Technodinamika JSC and Zodiac Aerospace ADR.
Key Developments:
In March 2021, Cobham Mission Systems, a leading U.S.-based manufacturer of military aircraft oxygen systems, announced the acquisition of a new contract to deliver oxygen concentrator systems for the complete fleet of US Navy T-45 Goshawk jet trainers. These systems are crucial in delivering optimal oxygen to pilots.
Components Covered:
• Centralized Oxygen System
Systems Covered:
• Crew Oxygen System
• Passenger Oxygen System
• Liquid Oxygen System
• On Board Oxygen Generation System
• Gaseous Oxygen System
• Other Systems
Aircraft Types Covered:
• Wide Body Aircrafts
• Narrow Body Aircrafts
• Other Aircraft Types
Technologies Covered:
• Compressed Oxygen Systems
• Chemically-induced Systems
• Chemical Oxygen Generator
• Other Technologies
Applications Covered:
• Cabin Crew Area
• Passenger Seating Area
• Other Applications
End Users Covered:
• Military Aviation
• Commercial Aviation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aerospace Oxygen System Market, By Component
5.1 Introduction
5.2 Centralized Oxygen System
5.2.1 Oxygen Mask
5.2.2 Oxygen Delivery System
5.2.3 Oxygen Storage System
6 Global Aerospace Oxygen System Market, By System
6.1 Introduction
6.2 Crew Oxygen System
6.2.1 Portable Oxygen System
6.2.2 Protective Breathing Equipment
6.2.3 Integrated Oxygen System
6.3 Passenger Oxygen System
6.3.1 Portable Passenger Oxygen System
6.3.2 Fixed Type Passenger Oxygen System
6.4 Liquid Oxygen System
6.5 On Board Oxygen Generation System
6.6 Gaseous Oxygen System
6.7 Other Systems
7 Global Aerospace Oxygen System Market, By Aircraft Type
7.1 Introduction
7.2 Wide Body Aircrafts
7.3 Narrow Body Aircrafts
7.4 Other Aircraft Types
7.4.1 Very Large Body Aircraft
7.4.2 Regional Aircraft
8 Global Aerospace Oxygen System Market, By Technology
8.1 Introduction
8.2 Compressed Oxygen Systems
8.2.1 Portable Oxygen System
8.2.2 Centralized Oxygen System
8.3 Chemically-induced Systems
8.4 Chemical Oxygen Generator
8.4.1 Lavatory Oxygen System
8.4.2 Protective Breathing Equipment
8.4.3 Passenger Oxygen System
8.5 Other Technologies
9 Global Aerospace Oxygen System Market, By Application
9.1 Introduction
9.2 Cabin Crew Area
9.3 Passenger Seating Area
9.4 Other Applications
10 Global Aerospace Oxygen System Market, By End User
10.1 Introduction
10.2 Military Aviation
10.3 Commercial Aviation
10.4 Original Equipment Manufacturers (OEMs)
10.5 Aftermarket
10.6 Other End Users
11 Global Aerospace Oxygen System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Adams Rite Aerospace Inc.
13.2 Aeromedix.Com Llc
13.3 Air Liquide
13.4 Aviation Oxygen Systems Inc.
13.5 B/E Aerospace Inc.
13.6 BASA Aviation Ltd
13.7 Cobham plc
13.8 Diehl Stiftung & Co. KG
13.9 East/West Industries Inc.
13.10 Essex Industries Inc.
13.11 Precise Flight Inc.
13.12 Rockwell Collins Inc.
13.13 Technodinamika JSC
13.14 Zodiac Aerospace ADR
List of Tables
1 Global Aerospace Oxygen System Market Outlook, By Region (2021-2030) ($MN)
2 Global Aerospace Oxygen System Market Outlook, By Component (2021-2030) ($MN)
3 Global Aerospace Oxygen System Market Outlook, By Centralized Oxygen System (2021-2030) ($MN)
4 Global Aerospace Oxygen System Market Outlook, By Oxygen Mask (2021-2030) ($MN)
5 Global Aerospace Oxygen System Market Outlook, By Oxygen Delivery System (2021-2030) ($MN)
6 Global Aerospace Oxygen System Market Outlook, By Oxygen Storage System (2021-2030) ($MN)
7 Global Aerospace Oxygen System Market Outlook, By System (2021-2030) ($MN)
8 Global Aerospace Oxygen System Market Outlook, By Crew Oxygen System (2021-2030) ($MN)
9 Global Aerospace Oxygen System Market Outlook, By Portable Oxygen System (2021-2030) ($MN)
10 Global Aerospace Oxygen System Market Outlook, By Protective Breathing Equipment (2021-2030) ($MN)
11 Global Aerospace Oxygen System Market Outlook, By Integrated Oxygen System (2021-2030) ($MN)
12 Global Aerospace Oxygen System Market Outlook, By Passenger Oxygen System (2021-2030) ($MN)
13 Global Aerospace Oxygen System Market Outlook, By Portable Passenger Oxygen System (2021-2030) ($MN)
14 Global Aerospace Oxygen System Market Outlook, By Fixed Type Passenger Oxygen System (2021-2030) ($MN)
15 Global Aerospace Oxygen System Market Outlook, By Liquid Oxygen System (2021-2030) ($MN)
16 Global Aerospace Oxygen System Market Outlook, By On Board Oxygen Generation System (2021-2030) ($MN)
17 Global Aerospace Oxygen System Market Outlook, By Gaseous Oxygen System (2021-2030) ($MN)
18 Global Aerospace Oxygen System Market Outlook, By Other Systems (2021-2030) ($MN)
19 Global Aerospace Oxygen System Market Outlook, By Aircraft Type (2021-2030) ($MN)
20 Global Aerospace Oxygen System Market Outlook, By Wide Body Aircrafts (2021-2030) ($MN)
21 Global Aerospace Oxygen System Market Outlook, By Narrow Body Aircrafts (2021-2030) ($MN)
22 Global Aerospace Oxygen System Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
23 Global Aerospace Oxygen System Market Outlook, By Very Large Body Aircraft (2021-2030) ($MN)
24 Global Aerospace Oxygen System Market Outlook, By Regional Aircraft (2021-2030) ($MN)
25 Global Aerospace Oxygen System Market Outlook, By Technology (2021-2030) ($MN)
26 Global Aerospace Oxygen System Market Outlook, By Compressed Oxygen Systems (2021-2030) ($MN)
27 Global Aerospace Oxygen System Market Outlook, By Portable Oxygen System (2021-2030) ($MN)
28 Global Aerospace Oxygen System Market Outlook, By Centralized Oxygen System (2021-2030) ($MN)
29 Global Aerospace Oxygen System Market Outlook, By Chemically-induced Systems (2021-2030) ($MN)
30 Global Aerospace Oxygen System Market Outlook, By Chemical Oxygen Generator (2021-2030) ($MN)
31 Global Aerospace Oxygen System Market Outlook, By Lavatory Oxygen System (2021-2030) ($MN)
32 Global Aerospace Oxygen System Market Outlook, By Protective Breathing Equipment (2021-2030) ($MN)
33 Global Aerospace Oxygen System Market Outlook, By Passenger Oxygen System (2021-2030) ($MN)
34 Global Aerospace Oxygen System Market Outlook, By Other Technologies (2021-2030) ($MN)
35 Global Aerospace Oxygen System Market Outlook, By Application (2021-2030) ($MN)
36 Global Aerospace Oxygen System Market Outlook, By Cabin Crew Area (2021-2030) ($MN)
37 Global Aerospace Oxygen System Market Outlook, By Passenger Seating Area (2021-2030) ($MN)
38 Global Aerospace Oxygen System Market Outlook, By Other Applications (2021-2030) ($MN)
39 Global Aerospace Oxygen System Market Outlook, By End User (2021-2030) ($MN)
40 Global Aerospace Oxygen System Market Outlook, By Military Aviation (2021-2030) ($MN)
41 Global Aerospace Oxygen System Market Outlook, By Commercial Aviation (2021-2030) ($MN)
42 Global Aerospace Oxygen System Market Outlook, By Original Equipment Manufacturers (OEMs) (2021-2030) ($MN)
43 Global Aerospace Oxygen System Market Outlook, By Aftermarket (2021-2030) ($MN)
44 Global Aerospace Oxygen System Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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