17 June 2019, The global
commercial aircraft oxygen system market is subject to witness a substantial growth due to the
easy availability and increase in the number of aircraft carriers across the
globe. Growing awareness among general population associated with need for
efficient aircraft oxygen system is expected to fuel market demand in the upcoming
years. Globally, the market is predicted to generate massive revenue in the
following years, providing numerous opportunities for market players to invest
for research and development in the commercial aircraft oxygen system market.
An aircraft oxygen
system is responsible for providing oxygen supply to passengers and crewmembers
of an aircraft during certain situations. An aircraft oxygen system is
particularly required when air pressure in aircraft reduces while operating
above 12,000 ft., or in emergencies such as emergency landing. The recent
technological advancement in aviation sector coupled with development of novel
systems are expected to favor market growth over the next seven years. In
addition, increase in number of activities involving mergers, acquisitions and
partnerships major aircraft manufacturers are expected to offer lucrative
growth opportunities for businesses in the near future.
Substantial rise in air
traffic in both international as well as domestic sector is predicted to boost
market demand for aircraft oxygen system across the globe. Factors responsible
for robust growth of the market include rising disposable income, increase in
air traffic and lower airfare, particularly in Asia Pacific region are
anticipated to positively affect industry growth over the forecast period.
Get Sample Copy of this Report @
The market is broadly categorized into major segments
based on end-user application type such as aircraft oxygen system
manufacturers, aviation regulatory authorities, sub-component manufacturers and
technology support providers. The aircraft oxygen system manufacturing is
considered as one of the highly growing segment in the market with substantial
revenue generation in the last few years. Growing popularity of aircraft oxygen
system manufacturing segment is attributed to the increase in air traffic
across the globe.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
the recent years owing to the rise in implementation of latest technologies in
aerospace sector, increase in the number of research & development
activities in the region and existence of well-established industrial
infrastructure.
Asia-Pacific region is predicted to hold major market
share in the commercial aircraft oxygen system market with massive growth in
forecast period. Countries such as India, China, South Korea, Japan, Malaysia,
and Singapore are leading the Asia-Pacific market with rising disposable
income, increase in air traffic, lower airfare, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the commercial aircraft oxygen system
market are B/E Aerospace Ltd., Zodiac Aerospace S.A., Cobham plc, and
Technodinamika Ltd.
Browse Related Category Market
Reports @
No comments:
Post a Comment