11 June 2019, Global aircraft ice protection system market is expected to grow at a significant CAGR of 6.65% in
the upcoming period as the scope and its applications are rising enormously
across the globe. Aircraft ice protection system has two types of designs
namely a de-icing system and anti-icing system that remove ice after it has
formed or prevented it from forming. It is important to remove ice from engine
air inlets, windshield, propellers, wing leading edges, water drains, and tail
airfoil leading edges.
The factors that are playing a major role in the growth of the market
are a rise in air traffic, expansion and modernization of airport projects in
the developed countries, rising use of enhanced technology, and growing new
airline business models in developing countries. However, seasonal demand for
deicing fluids and the high maintenance cost may restrain overall market growth
in the years to come. Aircraft ice protection system market is segmented based
on type, technology, component, application, and region.
Deicing and anti-icing are the types that could be
explored in aircraft ice protection system in the forecast period. The deicing
sector accounted for the substantial market share of aircraft ice protection
system and is estimated to lead the overall market in the years to come. The
reason behind the growth could be the circumstance that at a specific
temperature and height, in-built anti-icing systems cannot help to prevent ice
formation.
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Pneumatic deicing boots, electro thermal, bleed air,
electro-mechanical, TKS ice protection, passive, and other technologies could
be explored in aircraft ice protection system in the forecast period. Bleed air
technology accounted for a significant market share of aircraft ice protection
system and is estimated to continue its dominance in the years to come. Based
on components, activation circuit, fluid reservoir, calibrated orifices, fluid
pump, fluid ducting, and others could classify aircraft ice protection system
in the forecast period.
The market may be categorized based on applications like
business aviation, commercial aviation, military aviation, and others could be
explored in the forecast period. The commercial aviation sector accounted for
the substantial market share of aircraft ice protection system and is estimated
to lead the overall market in the years to come.
Globally, Europe accounted for the substantial market
share of aircraft ice protection system and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could
be modernization and expansion of airports, rising number of air passenger, and
high demand from the defense sector to strengthen their battle operational
capacity.
North America and the Asia Pacific are also estimated to
have a positive influence on future growth. North America is the second largest
region with significant market share. However, Asia Pacific is estimated to
grow at the highest CAGR in the forecast period. The key players of the
aircraft ice protection system market are United Technologies Corporation
(UTC), GKN, Meggitt, Honeywell International, and LIEBHERR International. These
players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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