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Aircraft Ignition System Market 2020 Research Studies Key Futuristic Trends And Opportunities 2027
Aircraft Ignition System Market
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Increasing number of aircraft deliveries across the globe to fuel market growth
One of the prominent reasons for the growth of the aircraft ignition system market is the spike in the number of aircraft deliveries across the globe. According to the General Aviation Manufacturers Association (GAMA) and Market Outlook Report by Boeing, aircraft deliveries of new airplanes is estimated to grow over 30,000 in the next couple of years. Furthermore, the increasing adoption of advanced technologies in aircraft ignition systems is assisting market growth across the globe.
Replacement of traditional Magneto Ignition Systems with Electronic Ignition Systems by key players a prevalent trend across regions
The key trend prevalent in the aircraft ignition system market is the replacement of traditional magneto ignition systems with electronic ignition systems. The traditional magneto ignition systems have enjoyed a greater market share during the last couple of decades. However, aircraft engine requirements are changing rapidly due to the advancements in aircraft technology. The new age electronics ignition systems offer compact form factor and better fuel efficiency in addition to increased reliability and reduced maintenance cost which is leading to its increased adoption.
Turbine segment to be the major revenue generating segment in 2026
Based on engine type, the market has been segmented into turbine engine and reciprocating engine. In 2017, the turbine engine segment garnered a greater revenue share and is expected to expand at a higher CAGR of 5.8% over the forecast period. This growth can be attributed to the widespread use of turbine engines owing to their high performance and low maintenance cost.
Spark plugs to demonstrate an impressive growth rate over the forecast period
Based on components, the market has been divided into igniters, exciters, leads, spark plugs, and others. The exciters segment commanded major revenue share in 2017 due to its high price. This growth can be attributed to the frequent replacements of spark plugs.
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Asia Pacific to be the fastest growing region due to increased air traffic
In terms of global geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Europe was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to grow at the highest CAGR from 2018 to 2026 owing to the increase in air traffic which is eventually leading to increase in the number of aircraft deliveries in the region.
Key players in the market focusing on research and development of innovative and technologically advanced products to gain competitive edge
Key players in the market are focusing on research and development activities for the introduction of innovative products into the market. This will help them gain a competitive edge and improve brand positioning in the aircraft ignition system market. The key players profiled in the global aircraft ignition system market include Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others.
The aircraft ignition system market has been segmented as below
Aircraft Ignition System Market, by Product Type
Magneto
High Tension Magneto System
Low Tension Magneto System
Electronic
Aircraft Ignition System Market, by Engine Type
Turbine Engine
Reciprocating Engine
Aircraft Ignition System Market, by Component
Igniters
Exciters
Leads
Spark Plugs
Others
Aircraft Ignition System Market, by End-user
OEM
Aftermarket
Aircraft Ignition System Market Analysis, by Country/Region
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Rest of Europe
Asia Pacific
India
Japan
China
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East &Africa
South America
Brazil
Rest of South America
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