Press release
Aircraft Ignition System Market Outlook to 2026: Growth and Competitive Landscape By Woodward, Meggitt, Transdigm, Unison, Electroair, G3I, Surefly, Air Power, Aero, and Sky Dynamics
Aircraft Ignition System Market
A major factor that has supplemented growth in aircraft ignition system deployment is the wide penetration of major aircraft and component manufacturers like Airbus, GE Aviation, Bombardier, and Boeing. These companies are constantly investing in R&D to improve product offerings as well as support technological competitiveness in developed countries like the U.S. and Canada. In December 2019, the total backlog for Boeing was at 5,625, that was 339 less than the previous year.
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Light rotating parts, simple mounting, resistance to vibrations, and moisture & fire resistance are some of the features that could play a vital role in strengthening the product’s adoption. On this note, Global Market Insights, Inc., predicts that the aircraft ignition system market might cross USD 350 million by the year 2026.
In the year 2019, the aircraft ignition system market share from spark plug segment secured a market share of more than USD 38 million. Spark plugs are one of the most important parts of the engine ignition system and a fault may lead to an engine failure. In 2020, the EIS41000 series introduced by Electroair gained EASA certification. The series will enhance fuel efficiency and reduce cases of faults in the spark plug. The quality certification from EASA ensures an extended life span and improves the operational efficiency of the component.
A major factor that has supplemented growth in aircraft ignition system deployment is the wide penetration of major aircraft and component manufacturers like Airbus, GE Aviation, Bombardier, and Boeing. These companies are constantly investing in R&D to improve product offerings as well as support technological competitiveness in developed countries like the U.S. and Canada. In December 2019, the total backlog for Boeing was at 5,625, that was 339 less than the previous year.
By the end of 2026, the turbine engine segment was expected to capture over 90% of the overall aircraft ignition system market share. The high market penetration of turbine engines is due to the wide application scope of the product. There are various kinds of turbine engines available in the market that are used for aircrafts types like narrow body and wide body.
In July 2019, American aviation company- Lycoming unveiled an electronic ignition system with an aim to replace the traditional magnetos. The new electronic ignition system had no moving parts and has dimensions similar to the conventional magnetos. Global aircraft ignition system marlet is fairly consolidated with prominent market players like Electroair, Meggitt, Transdigm, Woodward, and Sky Dynamics, among various others.
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Partial Chapter of the Table of Content
Chapter 5. Aircraft Ignition System Market, By Component
5.1. Key trends, by component
5.2. Igniters
5.2.1. Market estimates and forecast, 2015 - 2026
5.3. Ignition leads
5.3.1. Aircraft Ignition System Market estimates and forecast, 2015 – 2026
5.4. Exciters
5.4.1. Market estimates and forecast, 2015 – 2026
5.5. Spark Plugs
5.5.1. Market estimates and forecast, 2015 – 2026
5.6. Others
5.6.1. Market estimates and forecast, 2015 – 2026
Chapter 6. Aircraft Ignition System Market, By Engine Type
6.1. Key trends, by engine type
6.2. Turbine engine
6.2.1. Market estimates and forecast, 2015 - 2026
6.3. Reciprocating engine
6.3.1. Market estimates and forecast, 2015 - 2026
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/aircraft-ignition-system-market
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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