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Top Factor Driving Aircraft Oxygen Systems Market Growth in 2025: Surging Air Travel Propels Aircraft Oxygen Systems Market Growth
Aircraft Oxygen Systems Market Size
The surge in the number of individuals traveling by air is anticipated to propel growth in the aircraft oxygen systems market. Air passengers, which refer to individuals or businesses primarily engaged in airborne transportation on domestic and international route, are predicted to stimulate demand for improved oxygen systems. As passenger numbers increase, economies of scale make it possible for aircraft oxygen systems to also grow. Higher demand for oxygen systems is created as more individuals opt to take flights. Consequently, airlines will feel the need to augment their oxygen systems, which not only benefits their operations but also their customers. Forecasts from the International Air Transport Association (IATA), a Canada-based trade association that assists with airline activities and advises on industry policies and standards, estimate 4.0 billion global air passengers in 2024, mirroring pre-COVID-19 numbers (103% of 2019 levels). The number of travelers in 2021 was 47% higher than in previous years, with an expected increase of 83% in 2022, followed by 94% in 2023, 103% in 2024, and 111% in 2025. This increasing tendency towards air travel is what's steering the projected growth in the aircraft oxygen systems market.
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How will the growth rate of the aircraft oxygen systems market shape industry trends by 2034?
In the past few years, there has been a significant rise in the size of the aircraft oxygen systems market. It is projected to expand from $5.55 billion in 2024 to $5.89 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 6.1%. Several factors have contributed to the growth during the historic period such as aviation safety regulations, collaborative research efforts in the industry, emphasis on emergency preparedness, heightened focus on passenger safety, and widespread growth in global air travel.
A significant expansion is projected in the aircraft oxygen systems market in the coming years, growing to "$7.74 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. The growth during this forecast period is likely due to an increase in long-distance flights, a transition towards more sustainable solutions, innovative developments in oxygen storage, preparedness for health emergencies, and the expansion of the aircraft fleet. The major trends expected throughout this period include increased safety regulations, modernization of the aircraft fleet, a shift towards lighter materials, product innovation, and advancements in technology.
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What trends are poised to drive the future success of the aircraft oxygen systems market?
The oxygen storage system market is experiencing a surge in interest due to the evolution and advancements in oxygen storage technologies. Key industry players are striving to maintain their market share by creating advanced and improved oxygen storage systems for a variety of sectors. In an announcement made in February 2023, Adamant Composites Ltd., an industrial product and service provider from Greece, specialized in the fields of space, aerospace, defense, and energy storage, disclosed its partnership with HyImpulse, a German private space launch firm, to collaboratively design and test multiple liner-less CFRP liquid oxygen (LOX) compatible tanks for miniature space launch vehicles. These tanks, made from Toray thermoset uni-directional prepregs, are more cost-effective and weigh less than their aluminum counterparts, while also upholding their form during sudden thermal contractions caused by the swift propellant filling at cryogenic temperature levels.
Which primary segments of the aircraft oxygen systems market are driving growth and industry transformations?
The aircraft oxygen systems market covered in this report is segmented -
1) By Component: Oxygen Storage System, Oxygen Delivery System, Oxygen Mask System
2) By System: Passenger Oxygen System, Crew Oxygen System
3) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Body Aircraft, Regional Aircraft
4) By Technology: Chemically-Induced System, Compressed Oxygen System
5) By End-User: Commercial Aviation, Military Aviation, Other End-Users
Subsegments:
1) By Oxygen Storage System: High-Pressure Oxygen Cylinders, Liquid Oxygen Systems, Chemical Oxygen Generators
2) By Oxygen Delivery System: Continuous Flow Systems, Demand Oxygen Systems, Diluter Demand Systems
3) By Oxygen Mask System: Passenger Oxygen Masks, Crew Oxygen Masks, Emergency Oxygen Masks
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Which geographical regions are pioneering growth in the aircraft oxygen systems market?
North America was the largest region in the aircraft oxygen systems market in 2024. The regions covered in the aircraft oxygen systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the aircraft oxygen systems market landscape?
Major companies operating in the aircraft oxygen systems market include Aviation Oxygen Systems Inc., Cobham Limited, Diehl Stiftung & Co. KG, Essex Industries Inc., Precise Flight Inc., Technodinamika JSC, Safran S.A., Air Liquide S.A., Aerox Aviation Oxygen Systems, B/E Aerospace Inc., BASA Aviation Ltd., East/West Industries Inc., RTX Corporation, Ventura Aerospace Inc., AVOX System Inc., Meggitt plc, Rostec State Corporation, Worthington Industries Inc., 3M Company, Securaplane Technologies Inc., Teledyne Technologies Incorporated
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What Is Covered In The Aircraft Oxygen Systems Global Market Report?
• Market Size Forecast: Examine the aircraft oxygen systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft oxygen systems market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft oxygen systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft oxygen systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft oxygen systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft oxygen systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft oxygen systems market.
• Competitive Landscape: Review strategic developments in the aircraft oxygen systems market, including expansions, agreements, and new product launches.
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