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Aerospace Oxygen System Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Aerospace Oxygen System Market
The Business Research Company's Aerospace Oxygen System Global Market Report 2023 identifies the increase in air traffic as the major driver for the aerospace oxygen system market's growth in the forecast period. Air traffic refers to aircraft movement through the airspace, including take-off, landing, and navigation of planes, helicopters, and other aerial vehicles. Aerospace oxygen systems are necessary for air traffic operations in high-altitude flights or military missions. These systems allow workers, including pilots, crew members, and specialist operators, to work efficiently and safely at high altitudes where the oxygen concentration is too low for regular breathing.
The global aerospace oxygen system market is expected to grow from $4.74 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace oxygen system market is expected to reach $6.59 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the aerospace oxygen system market are Honeywell International Inc., Air Liquide S.A., Safran S.A., Eaton Corporation, Rockwell Collins Inc., Parker Hannifin Corporation., Air Products and Chemicals, Inc., Diehl Stiftung & Co. K.G., B/E Aerospace, Zodiac Aerospace, Gentex Corporation, Meggitt PLC.
A key trend in the aerospace oxygen system market includes technological advancement. Major companies operating in the aerospace oxygen system market are adopting new technological solutions to sustain their position in the market. For instance, in March 2020, Collins Aerospace, a US-based aerospace and defense company, launched the PulseOx Passenger Oxygen System, the next-gen oxygen technology. The PulseOx passenger oxygen system's energy-saving technology supplies oxygen per a person's breathing cycle, resulting in a system weight reduction of up to 450 pounds. PulseOx optimizes oxygen delivery to offer 100% oxygen during inhalation and a blend of ambient air and oxygen during the rest of the breathing cycle to keep passengers safe in an emergency. This reduces the size and weight of the needed cylinders. The PulseOx passenger oxygen system may accommodate two to six seats, depending on the aircraft's configuration.
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The aerospace oxygen system market is segmented -
• By Product: Liquid Oxygen System, Gaseous Oxygen System, On Board Oxygen Generation System
• By System: Protective Breathing, Portable Oxygen System, Integrated System
• By Category: Storage System, Delivery System, Oxygen Mask And Cannulas
• By Mechanism: Chemical Oxygen Generator, Compressed Oxygen System
• By Application: Passenger Seating Area, Cabin Crew Area, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the aerospace oxygen system market.
The Business Research Company's "Global Aerospace Oxygen System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aerospace Oxygen System Market Include:
1. Executive Summary
2. Aerospace Oxygen System Market Characteristics
3. Aerospace Oxygen System Market Trends And Strategies
4. Aerospace Oxygen System Market - Macro Economic Scenario
5. Global Aerospace Oxygen System Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Aerospace Oxygen System Market Competitive Benchmarking
33. Global Aerospace Oxygen System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aerospace Oxygen System Market
35. Aerospace Oxygen System Market Future Outlook and Potential Analysis
36. Appendix
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