Air Management System Market Segmentation, Future Trends, Growth Overview, Key Companies and Forecast by 2028

The Air Management System Market was valued at US$ 5,607.19 million in 2021 and is projected to reach US$ 8,804.88 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

The demand for more effective thermal management systems is on the rise due to the increasing use of electronics and electrical systems in aircraft. The utilization of these systems results in higher levels of heat loss, which can negatively impact the overall performance of the aircraft. By incorporating advanced thermal management systems, heat loss can be minimized, thereby enhancing overall performance. Moreover, the air management system market is being driven by the demand for new aircraft deliveries and the replacement of air management systems in older aircraft fleets. Additionally, the need for more efficient thermal management and air supply operations is contributing to the growth of the air management system market. The global aerospace industry has encountered numerous obstacles and suffered economic setbacks since the beginning of the COVID-19 pandemic. This has resulted in a reduction in aircraft production and deliveries worldwide, impeding the growth of the air management system market, particularly during FY 2020. Additionally, the aircraft production sector as a whole experienced decreased production volumes due to limited demand, which has maintained a sluggish growth trend for the air management system market in 2021.

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Companies Profiled in this report includes:

• Parker Hannifin Corporation
• Honeywell International Inc.
• Diehl Stiftung & Co. KG
• Collins Aerospace
• Meggitt PLC
• Safran Electronics & Defense
• Shimadzu Corporation
• AMETEK Inc.
• BOYD Corporation

The global market for air management systems is dominated by North America, primarily because it has the largest fleet of aircraft in the world and is home to one of the leading aircraft manufacturers, Boeing, as well as several major general aviation aircraft manufacturers. Additionally, the increasing demand for business jets driven by advancements in ultra-long-range jets is presenting attractive prospects for companies involved in air management systems. The air management system market in Europe and APAC is ranked second and third, respectively. In 2020, Europe emerged as a critical market for air management systems and is expected to experience significant growth during the forecast period. This region is home to well-developed nations such as France, Germany, the UK, and Russia that are making substantial investments in aviation technologies. This has led to an increase in the demand for air management systems in the region. Additionally, Airbus, which is one of the world's largest aircraft manufacturers, has played a key role in driving the air management system market in Europe. The region benefits from a high volume of aircraft production and the presence of numerous component and sub-component manufacturers, both of which have contributed to the growth of the air management system market.

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Air Management System Market Segmentation:

By Component:
• On-board Oxygen Generation System
• Sensors
• Condenser & Evaporator
• Air Cycle Machines
• Control & Monitoring Electronics Units

By System:
• Thermal Management System
• Ice Protection System
• Cabin Pressure Control System
• Fuel Tank Inerting System
• Oxygen System
• Engine Bleed Air System

By Platform:
• Fixed Wing
• Rotary Wing

The APAC region's economy has been greatly affected by the COVID-19 pandemic, causing a considerable decrease in air transportation during this global crisis. According to IATA's projections, Asia-Pacific airlines experienced a revenue reduction of US$ 113 billion in 2020 compared to the previous year, which has had a negative impact on the growth of the air management system market in the region. Due to the decline in air travel demand and border restrictions, aircraft fleets have been grounded. During the first and second quarters of 2020, China, a prominent player in aerospace manufacturing within the region, experienced significant effects from the COVID-19 pandemic. The shutdown of Airbus and Boeing manufacturing facilities in China for an extended period resulted in decreased demand for air management systems and various other components. Additionally, the temporary production halt of the indigenous C919 aircraft by Chinese manufacturer COMAC in Q1 of 2020 further contributed to the lowered demand for air management systems in the country.

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The air management system market size has been determined through a combination of primary and secondary research. The research process began with an extensive secondary research effort, utilizing both internal and external sources to gather qualitative and quantitative information pertaining to the air management system market. This process was designed to provide an overview and forecast of the air management system market, including all of its segments. Additionally, multiple primary interviews were conducted with industry experts, including VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders with specific expertise in the air management system market. The purpose of these interviews was to validate the data and gain additional analytical insights into the topic.

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