Press release
Air Management System Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Air Management System Market
The escalating levels of air traffic are anticipated to fuel the expansion of the air management system market in the future. The term 'air traffic' includes the progression of aircraft through the airspace, encompassing the departure, arrival, and steering of airplanes, helicopters, and other types of flying vehicles. Air traffic controllers use air management systems to keep track of and control aircraft movements, offering real-time updates on aircraft position, height, velocity, and other vital details. For example, a report released by the Bureau of Transportation Statistics, a government agency based in the US, revealed in March 2023 that US airlines conveyed 194 million more passengers in 2022 than in 2021, marking a 30% annual growth. Moreover, between January and December 2022, US airlines transported 853 million passengers, a rise from 658 million in 2021. Consequently, the surge in air traffic is contributing to the expansion of the air management market.
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What Is the projected market size and growth rate for the air management system market?
The market size of the air management system has seen robust growth in the past few years. Its value is predicted to increase from $6.03 billion in 2024 to $6.47 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historic period include the impact of industrial revolution and urbanization, heightened awareness of health issues and disease prevention, rules related to occupational safety, environmental consciousness and pollution mitigation measures, and the role of the aerospace and aviation sectors.
In the coming years, an impressive surge in the size of the air management system market is likely, with projections placing it at $8.45 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.9%. The growth within this forecasted period can be accredited to factors such as an increased emphasis on indoor air quality (IAQ), readiness for health crises, the implementation of intelligent building technologies, workforce wellbeing and productivity, and a rise in demand in healthcare environments. Various trends to look out for this period are individualized air management, the use of UV-C and other disinfecting technologies, incorporation of natural ventilation, zero-energy structures, and cloud-based supervision and control.
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What new trends are reshaping the air management system market and its opportunities?
The wave of technological progress is a predominant trend gaining traction in the sphere of air management systems. Key players in this market are innovating and introducing novel technologies to stay competitive. For example, in February 2023, a pioneer Japanese electronics firm, introduced a comprehensive air management system named Panasonic Complete Air Management System. This innovative system, a result of their collaborative effort with Thailand's Suetrong Property, a real estate development firm, boasts top-tier technology for personalized air quality control along with a hybrid-link operation that marries air conditioning and ventilation. Its nanoe X technology assists in fighting allergens, bacteria, and viruses, thereby providing healthier interior environments in residential developments.
What major market segments define the scope and growth of the air management system market?
The air management system market covered in this report is segmented -
1) By System: Thermal Management System, Engine Bleed Air System, Oxygen Systems, Fuel Tank Inerting Systems, Cabin Pressure Control System, Ice Protection System
2) By Platform: Fixed Wing, Rotary Wing
3) By Aircraft: Narrow Body, Wide Body
Subsegments:
1) By Thermal Management System: Cabin Heating Systems, Cabin Cooling Systems, Engine Cooling Systems, Other Thermal Management Solutions
2) By Engine Bleed Air System: Bleed Air Control Valves, Ducting And Piping, Sensors And Monitoring Equipment
3) By Oxygen Systems: Portable Oxygen Systems, Onboard Oxygen Generation Systems, Oxygen Delivery Devices
4) By Fuel Tank Inerting Systems: Fuel Tank Inerting Control Systems, Inert Gas Generating Systems, Sensors And Monitoring Equipment
5) By Cabin Pressure Control System: Pressure Control Valves, Cabin Pressure Sensors, Control Panels
6) By Ice Protection System: De-Icing Systems, Anti-Icing Systems, Ice Detection Sensors
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Which region dominates the air management system market?
North America was the largest region in the air management system market in 2024. The regions covered in the air management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the air management system industry growth?
Major companies operating in the air management system market include Raytheon Technologies Corporation, United Technologies Corp., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Air Liquide S.A., GE Aviation, Safran SA, Eaton Corporation, Rolls Royce PLC, Parker Hannifin Corporation, Liebherr-International AG, Air Products Membrane Solutions, SMC Corporation, Bombardier Inc., Rockwell Collins, Diehl Aviation, Emerson Electric Co., Shimadzu Corporation, Bell Helicopter Inc., Zodiac Aerospace, HEICO, Meggit PLC, Kelvion, Barnes Aerospace, Dukes Aerospace Inc., Aeronamic Aircraft Subsystems, Elmelin, Airborne ECS
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What Is Covered In The Air Management System Global Market Report?
• Market Size Forecast: Examine the air management system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the air management system market for a structured understanding.
• Key Players Overview: Analyze major players in the air management system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the air management system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the air management system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the air management system market.
• Industry Challenges: Identify potential risks and obstacles affecting the air management system market.
• Competitive Landscape: Review strategic developments in the air management system market, including expansions, agreements, and new product launches.
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