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Environmental Control Systems Market to Profile the Key Players like Air Innovations, Meggitt PLC, Jormac Aerospace, Fimac Spa, Honeywell International and Others
Aircraft Environmental Control Systems Market
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Hence, high demand for aircraft as a result of increasing number of individuals preferring air travel and regulatory framework regarding the functionality of the aircraft are majorly propelling the growth of the global aircraft environmental control market during the assessment period.
Segmental Analysis:
The aircraft environmental control systems market has been segmented on the basis of system, component, and end-user. Based on system, the aircraft environmental control systems market has been segmented into air conditioning system, temperature control system, and aircraft pressurization systems. Among these, the air conditioning system segment commands the major share of the global aircraft environmental control systems market. Whereas, the aircraft pressurization system segment is likely to expand at the fastest growth rate in the global aircraft environmental control systems market during the assessment period.
Based on component, the global aircraft environmental control systems market has been segmented into heat exchanger, water separator, temperature regulator, and pressure regulator. The heat exchanger segment commands the largest market share of the global aircraft environmental control systems market owing to the stringent regulatory framework imposed by the government in various regions over the emission of CO2. Whereas, the pressure regulator segment is forecasted to be the fastest growing segment in the global aircraft environmental control systems market during the review period.
Based on end-users, the aircraft environmental control systems market has been segmented into commercial and defense. The commercial segment commands the maximum share of the global aircraft environmental control systems market owing to proliferation in commercial aircraft fleet due to availability of affordable airfares.
Regional Analysis:
The global aircraft environmental control systems market has been segmented into five major regions such as North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa. The North America regions commands the maximum share of the global aircraft environmental control system market owing to the high demand for aircraft as a result of increased rate of air travel, increased emphasis on making the aircraft more fuel efficient, rapid adoption of technologically advanced solutions in the aeronautical industry and development of advanced aircraft equipped with all the necessary systems in this region.
Asia Pacific region is exhibiting fastest growth in the global aircraft environmental control systems market owing to the increased air traffic as a result of availability of affordable airfare, proliferation in aircraft fleet, and increased emphasis on maintaining the quality of aircraft utilized for commercial purposes in this region.
Industry Updates:
In January 2019, Boeing has been awarded a contract of USD 56.7 Mn for supporting T-45, the Navy's training aircraft that had issues with the environmental control systems.
In January 2019, Honeywell has signed the memorandum of understanding with Pipistrel to collaborate with aircraft technologies for optimization of technical, regulatory and business processes.
Key Players:
The prime players profiled by Market Research Future (MRFR) that are operating in the global aircraft environmental control systems market are Curtiss-Wright Corporation (the U.S.), Liebherr-International AG (Switzerland), Honeywell International (the U.S.), Fimac Spa (Italy), United Technologies Corporation (the U.S.), Mecaer Aviation Group (Italy), Jormac Aerospace (the U.S.), Meggitt PLC (the U.K.), Aero Space Controls Corporation (the U.S.), and Air Innovations (the U.S.), and others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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