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Aircraft Oxygen Systems Market 2023 - By Share, Key Insights, Growth Strategies, Rising Demand And Forecast To 2032
Aircraft Oxygen Systems Market
The Business Research Company's Aircraft Oxygen Systems Global Market Report 2023 identifies increasing number of people traveling by aircraft as the major driver for the Aircraft Oxygen Systems market's growth in the forecast period. People traveling by aircraft, also known as air passengers, refers to a person or business involved primarily in the transportation of people by aircraft on both domestic and international routes. Increasing the number of passengers flying can help airplane oxygen systems increase due to economies of scale. When more people fly, there is a higher demand for oxygen systems.
The global aircraft oxygen systems market size is expected to grow from $5.03 billion in 2022 to $5.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global aircraft oxygen systems market size is expected to reach $6.83 billion in 2027 at a CAGR of 6.4%.
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Major competitors in the Aircraft Oxygen Systems market are Aviation Oxygen Systems Inc., Adams Rite Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG (Diehl), Essex Industries Inc.
A key trend in the Aircraft Oxygen Systems market includes advancements in oxygen storage systems. Major companies operating in the oxygen storage system market are involved in developing new and improved advanced oxygen storage systems for various industries to sustain their position in the market. In February 2023, Adamant Composites Ltd., a Greece-based high-tech industrial products and services company for space, aerospace, defense, and energy storage, announced a collaboration with HyImpulse, a Germany-based private space launch company, for the development and testing of a number of liner-less CFRP liquid oxygen (LOX) compatible tanks for small space launch vehicles.
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The Aircraft Oxygen Systems market is segmented -
• By System: Passenger Oxygen System, Crew Oxygen System
• By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Body Aircraft, Regional Aircraft
• By Component: Oxygen Storage System, Oxygen Delivery System, Oxygen Mask System
• By Technology: Chemically-Induced System, Compressed Oxygen System
• By End-User: Commercial Aviation, Military Aviation, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aircraft Oxygen Systems market.
The Business Research Company's "Global Aircraft Oxygen Systems 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 Aircraft Oxygen Systems Market Include:
1. Executive Summary
2. Aircraft Oxygen Systems Market Characteristics
3. Aircraft Oxygen Systems Market Trends And Strategies
4. Aircraft Oxygen Systems Market - Macro Economic Scenario
5. Aircraft Oxygen Systems Market Size And Growth
……………………………
26. Africa Aircraft Oxygen Systems Market
27. Aircraft Oxygen Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Oxygen Systems Market
29. Aircraft Oxygen Systems Market Future Outlook and Potential Analysis
30. Appendix
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