Product Innovations and Advancements in Technology to Boost Aircraft Oxygen System Market Growth

Global demand for aircraft oxygen systems went through a downturn in 2020 as a result of Covid-19 pandemic. As the situation is recovering, market players in 2021 are tirelessly involved in improving their performance through innovative launches to recover from previous losses.

Click Here to get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=543

Aircraft oxygen systems are usually available in steel cylinders and composite cylinders. In 2021, users are opting for composite cylinders in their aircrafts due to their weight savings. Rising preference of people in 2021 towards travelling in the aircrafts with advanced technologies is acting as major trend forcing the further market progress.

Strict rules and regulations imposed by the government regarding supplementary oxygen supply and carry-on portable oxygen is favouring the growth in the current scenario creating lucrative opportunities. At present, the demand for new aircraft deliveriesis rising which is giving a significant push the market progress. Further, the growing need to meet lightweight aircraft equipments is adding its contribution.

Key players of 2021 are adopting product innovations, new product developments, expansions, long-term contracts, collaborations, joint ventures, acquisitions, research and developments etc as their main strategies to improve their market presence.

Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=543

For instance, Cobham Corporation, a leader in advanced aircraft life support systems made an announcement on 8th December, 2020 that it is going to supply oxygen equipments for navy tactical aircraft. Its plan involves supplying new F/A-18 combat jets with GGU-12 oxygen concentrators and CRU-99 oxygen monitors to navy forces. GGU-12 and CRU-99 systems are a part of company’s aviation life support components. With the contract, the company is continuing to advance in life support products. F/A NAVAIR fleet plays an incredibly important part in our nation’s defense force and honor to ensure the safety and security of men and women who perform these missions by providing the most advanced and reliable life support systems. Cobham’s proven and trusted solutions including air-to-air refueling, fuel tank inerting, life support, space propulsion, weapons carriage and missile actuation is enabling its customers to achive mission success.

In addition to that, Safran Aerosystem, Daher and Airbus Corporation entered into a collaborated partnership to develop “EcoPulse”, a distributed hybrid propulsion aircraft demonstrator on 17th June, 2019. The distributed hybrid propulsion system will be provided by Safran. Airbus will have responsibility for the aerodynamic optimization of the distributed propulsion system, the installation of high energy density batteries and the use of those batteries to power the aircraft. Component and systems installation, flight testing, overall analysis and regulatory construction will be undertaken by Daher using its TBM platform. These corporations through their joint effort are validating technologies designed to reduce polluting emissions and noise pollution and create new uses for air transportation. Such developments are improving the reputation of these corporations throughout the world.

Increasing air travel continues to remain a preliminary factor influencing the development of advanced aircraft oxygen system. According to the analysis of IATA (International Air Transport Association), around 7.8 billion passengers are expected to adopt air travel by 2036. This has paved potential pathways for aircraft oxygen system manufacturers to introduce advanced products for airlines, which is projected to spearhead the growth of the aircraft oxygen system market in the coming years. Moreover, in order to cope up with the cabin pressure in the aircraft, it has been recommended by the ICAO (International civil Aviation Organization) to use supplementary oxygen to avoid hypoxia which has fuelled the sales of aircraft oxygen system.

Navigate Here to get a TOC of the Report
https://www.factmr.com/connectus/sample?flag=T&rep_id=543

OEMs (Original Equipment Manufacturers) of new generation aircrafts are engaged in integrating advanced features. This has encouraged incorporation of smart aircraft oxygen system that includes sensors for detecting oxygen levels and facilitate uninterrupted supply of oxygen. For instance, the OBOGS (On Board Oxygen Generating System) produces oxygen and carries out filtration, oxygen gas monitoring and quality control in aircrafts. Introduction of novel technologies in the aircraft oxygen system by manufacturers to achieve sustenance in the competitive environment, is likely to impact the sales of aircraft oxygen system, depending on the aircraft type and technological compatibility of advanced aircraft oxygen system, which is expected to influence growth of the aircraft oxygen system market in the coming years.

Aircraft Oxygen System Market: Introduction

Aircrafts generally fly in low air pressure area rendering the atmospheric air undesirable within the aircraft cabin. Hence, internal systems are employed to generate surface specific conditions within the cabin so as to support the passengers within an aircraft and maintain cabin pressurization. These systems are known as aircraft oxygen systems and in the present market scenario is installed in every aircraft built so far. In addition to its purpose to maintain surface level atmospheric conditions, it also helps in controlling humidity levels and temperature as well. Emergency oxygen system is a part of the main aircraft oxygen system and is deployed whenever the primary system fails or shuts down.

Aircraft Oxygen System Market: Dynamics

Air travel has been steadily improving over the past couple of years owing to affordability and conveyance it offers to the consumers. Growing disposable income among the working class population and migration of the same from rural to urban areas has increased the demand for air travelling and is anticipated to continue in the future. The two major players in the commercial aircraft manufacture have predicted that the demand for new passenger aircrafts is expected to grow by more than hundred percent owing to the rate at which passenger count has increased. Reports published by IATA (International Air Transport Association) suggest that passenger growth has averaged around 2% on yearly basis touching 3.8 billion passengers in the 2016 alone, prompting the airline carriers to order new aircrafts in large number. This changing trend is the key factor in establishing a positive growth for the aircraft oxygen system market.

Regulation and policies formed by various airline associations mandate regular maintenance and replacement of worn out aircraft parts. This has led to a positive growth in aircraft MRO ((Maintenance, Repair and Overhaul) services wherein aircrafts are refurbished regularly in order to stock aircrafts with latest parts and systems. A growing trend within the airline industry is that airline carriers that are among the top players regularly lease their older aircraft fleet to smaller airline carriers. This helps the top players the generate investment to order and purchase newer aircrafts.

It is a well-known fact the aircraft manufacture requires huge amount of investment, planning, lead time among others. Such factors tend to create undelivered backlogs whenever large number of orders are placed by various airline carriers. This can act as a restraint to the growth of aircraft oxygen system market leading to delayed deliveries of the system and payments as well. Lack of well-knit supply chain of the system is another factor acting as a roadblock to the growth of the market.

Aircraft Oxygen System Market: Segmentation

The Aircraft Oxygen System market can be segmented as follows:

By technology, the market can be segmented as:
Chemically Induced System
Compressed Oxygen System

By sales channel, the market can be segmented as:
Original Equipment Manufacturers (OEM)
Aftermarket

By application, the market can be segmented as:
Passenger seating area
Cabin crew area
Others

By aircraft type, the market can be segmented as:
Narrow body aircraft
Wide body aircraft
Very large body aircraft
Regional aircraft

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website:
https://www.factmr.com
Research Insight:
https://www.factmr.com/report/543/aircraft-oxygen-system-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.