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Aircraft De-Icing Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Aircraft De-Icing Global Market Report
According to The Business Research Company's, The aircraft de-icing market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to cold climate operations, stringent safety regulations, expansion of air travel, increased frequency of snowstorms, rise in air traffic, focus on operational efficiency.
The aircraft de-icing market size is expected to see strong growth in the next few years. It will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to environmental regulations, integration of sensors and automation, growing airline fleets, increasing frequency of extreme weather events, international collaboration on standards. Major trends in the forecast period include advancements in de-icing technologies, environmentally friendly de-icing solutions, integration of smart de-icing systems, demand for de-icing equipment in emerging markets, stringent regulatory standards.
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Market Drivers and Trends:
Increasing demand for air travel is expected to boost the growth of the aircraft de-icing market going forward. Air travel refers to the movement of passengers by flight to reach desired destination. Aircraft de-icing ensures passenger and crew safety during travel by removing ice and snow on the aircraft. For instance, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, ice on the wings of an aircraft can reduce the wing lift by 30% and increase the drag by 40% creating a negative impact. Furthermore, in 2022, the number of air passengers increased by 47% compared to 2021. Therefore, increasing demand for air travel is driving the growth of the aircraft de-icing market.
Product innovation have emerged as the key trend gaining popularity in the aircraft de-icing market. Major companies operating in the aircraft de-icing market are developing advanced products using new methods and techniques to strengthen their position in the market. For instance, in October 2023, CAV Systems Ltd., a UK-based provider of fluid-based ice protection systems, launched TKS 406 BIO. It is a uniquely designed fluid, intended for use in CAV's TKS in-flight anti-ice and de-ice protection system, is biodegradable and non-corrosive. Located on the leading edges of the aircraft, it is distributed from titanium panels that have been laser drilled. The mixture does not stick to the frame as aerodynamic forces whisk it away once it combines with supercooled water in the clouds.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
B/E Aerospace Inc.; BASF SE; General Atomic Technologies; Global Ground Support LLC; John Bean Technologies Corporation; SDI Aviation Limited; Dow Inc.; Collins Aerospace; Vestergaard Company A/S; Weihai Guangtai Airport Equipment Co.Ltd.; Kilfrost Ltd.; Contego De-icing Solutions; Tronair Inc.; Cryotech Deicing Technology; Denge Airport Equipment; Safewing Ltd.; Vaisala Corporation; Thales Group; Cavotec SA; ice shield limited; Zodiac Aerospace; Midland Aircraft Products Ltd.; Ice Management Solutions LLC; Aircraft De-icing Inc.; Baldwin Aviation; Textron Inc.; GE Aviation; AEGEAN Aircraft Services; Norwegian Deicing Systems AS
Aircraft De-Icing Market 2024 Key Insights:
• The aircraft de-icing market will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• Growing Air Travel Demand Propels The Aircraft De-Icing Market
• Innovative Solutions With Biodegradable And Non-Corrosive Fluid For In-Flight Ice Protection
• North America was the largest region in the aircraft de-icing market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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