The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Environmental Control Systems Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Environmental Control Systems Market is no different. Derived from the previous market scenario, the Aircraft Environmental Control Systems Market is likely to witness an impressive CAGR of 5.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Aircraft Environmental Control Systems Market Share: By System Type
Based on the system type, the market is segmented as air supply & management system, thermal management & control system, and cabin pressure & control system. The thermal management & control system segment is estimated to register the highest growth during the forecast period. The growth of this segment can be attributed to the mounting amount of heat loads from various environmental control system architectures, avionics functionality, and high-temperature sensitivity of composite material systems against the traditional metallic designs.
Aircraft Environmental Control Systems Market Share: By End-User Type
Based on the end-user type, the market is segmented as commercial and defense. The defense segment is expected to witness a higher CAGR in the coming five years, owing to enormous investments being made by the U.S. defense to solidify their battlefield capabilities.
Aircraft Environmental Control Systems Market Share: By Region
In terms of regions, Asia-Pacific is estimated to register the highest growth in the aircraft environmental control systems market during the forecast period. The market is driven by the rising air passenger traffic in the region. Increase in disposable income of people and growth in air passenger traffic have immensely contributed to the upsurge in demand for new aircraft in the region, which in turn, is propelling the demand for environmental control systems. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major players in the aircraft environmental control systems market are Air Innovations, Aero Space Controls Corporation, Curtiss-Wright Corporation, Fimac Spa, Honeywell International, Inc., Jormac Aerospace, Liebherr-International AG, Meggitt, PLC., Mecaer Aviation Group, and PBS Velka Bites.