Press release
Sales Of Aircraft Oxygen Systems Are Projected To Increase At A CAGR Of 6.2% By 2032
The global market for aircraft oxygen systems is expected to generate $5.36 billion in revenue in 2022, rising to $9.8 billion by 2032. Between 2022 and 2032, global sales of aircraft oxygen systems are expected to grow at a CAGR of 6.2%.The growing number of people flying has resulted in a high demand for aviation oxygen systems, and the market is expected to follow a similar trend throughout the forecast period (2022-2032).
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Competitive Landscape
Manufacturers of aircraft oxygen systems are expected to focus on collaborations, mergers, and partnerships in order to broaden their business scope and increase their sales potential.
To maximise their revenue generation capacity, aircraft oxygen system companies are expected to focus on defence and military aircraft.
Cobham Mission Systems, a leading US-based manufacturer of military aircraft oxygen systems, announced in March 2021 that it had been awarded a new contract to supply oxygen concentrator systems for the entire fleet of US Navy T-45 Goshawk jet trainers. These systems are critical in providing the best possible oxygen to pilots.
Key Segments Covered in Aircraft Oxygen System Industry Research
By Technology :
Chemically-induced System
Compressed Oxygen System
By Sales Channel :
Original Equipment Manufacturers (OEMs)
Aftermarket
By Application :
Passenger Seating Area
Cabin Crew Area
Others
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By Aircraft Type :
Narrow Body Aircraft
Wide Body Aircraft
Very Large Body Aircraft
Regional Aircraft
By Region :
North America
Latin America
Europe
APAC
MEA
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Which region has the highest demand for aircraft oxygen systems?
"North America Leads in Aircraft Oxygen System Consumption"
In 2022, sales of aircraft oxygen systems in North America will total US$ 1.34 billion, with this region accounting for a significant market share of 25%.
The presence of key aircraft manufacturers in this region, such as Boeing and Bombardier, is expected to drive aircraft oxygen system market growth through 2032. Increased investments in commercial, military, and regional aircraft fleet expansion are also expected to drive demand for continuous flow oxygen systems and portable oxygen systems.
Aircraft Oxygen System Market Competitive Analysis Market Report:
• Key players' strategies and products offered
• Potential and niche segments, geographical regions with promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and expand their market footprint
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