Aircraft Oxygen System Market to Reach $4.7 Billion by 2032, North America Leads Regional Share

The market size of aircraft oxygen system industry was $2.3 billion in 2022, and is estimated to garner $4.7 billion by 2032, growing at a CAGR of 7.6% from 2023 to 2032.

According to a new report published by Allied Market Research, titled "Aircraft Oxygen System Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by System, by Aircraft Type, by End-Use : Global Opportunity Analysis and Industry Forecast, 2023-2032." The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, and competitive and regional landscapes. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to strengthen and heighten their position in the market significantly.

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Aircraft oxygen systems are essential in ensuring the safety of passengers and crew members at high altitudes where oxygen levels are insufficient for normal respiration. These systems are designed to provide an auxiliary supply of oxygen, preventing hypoxia, a condition caused by oxygen deficiency.

Primarily commercial aircraft utilize either a continuous flow or demand flow oxygen system. Continuous flow systems release a steady stream of oxygen, while demand flow systems deliver oxygen only when the user inhales.

The oxygen supply is stored in onboard oxygen cylinders, usually filled with aviator's breathing oxygen. These cylinders are strategically located throughout the aircraft, ensuring accessibility in emergency situations.

The system is activated automatically when cabin pressure falls below a certain threshold or manually by the flight crew.

The growth in the number of passengers traveling by aircraft is expected to lead to an increase in demand for aircraft oxygen systems. As air travel becomes more accessible and popular, airlines are likely to experience higher passenger volumes, necessitating enhanced safety measures including oxygen systems.

These systems are crucial for ensuring the well-being of passengers and crew members in the event of emergencies such as cabin depressurization. The rising demand for aircraft oxygen systems is also influenced by the aviation industry's commitment toward adhering to stringent safety standards.

Governments and regulatory bodies around the world enforce guidelines that mandate adequate oxygen supply on board, especially during critical phases of flight. The aviation sector continually invests in innovative technologies to improve the efficiency and reliability of these systems, ensuring compliance with safety regulations and enhancing overall passenger safety.

The aircraft oxygen system market share is segmented on the basis of component, system, aircraft type, end-use, and region. By component, the market is divided into oxygen storage system, oxygen delivery system, and oxygen mask.

By system, the market is classified into passenger oxygen system and crew oxygen system. By aircraft type, the market is divided into narrow body aircrafts, wide body aircrafts, and others.

By end-use, the market is classified into commercial aviation, military aviation, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The narrow body aircrafts sub-segment accounted for the largest global aircraft oxygen system market share of 44.3% in 2022 and is expected to grow at the highest CAGR of 8.0% during the forecast period. This is mainly due to its widespread usage in short to medium-haul flights and the prevalence of popular models like the Boeing 737 and Airbus A320 families. These aircraft types highlight the critical role of oxygen systems in ensuring passenger safety and align with the aviation industry's commitment to enhancing safety standards. This demand drives the need for advanced oxygen systems, positioning the narrow-body aircraft sub-segment as a key driver in the market.

The oxygen storage system sub-segment accounted for the largest market share of 48.3% in 2022 and is expected to grow at the highest CAGR of 8.0% during the forecast period. Oxygen storage systems' dominance arises from their reliability, efficiency, and compact design, vital for aircraft integration where space is limited. Utilizing advanced technology, these systems store oxygen in compressed or liquid forms, ensuring controlled release as required. Their compactness addresses aviation's space constraints without compromising safety standards, emphasizing the importance of a secure oxygen supply, particularly during critical flight phases.

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The passenger oxygen system sub-segment accounted for the largest global aircraft oxygen system market share of 57.7% in 2022 and is expected to hold its dominant position and rise at the highest CAGR of 7.8% during the forecast period. One of the primary reasons for this dominance is the system's pivotal role in ensuring compliance with stringent aviation safety standards highlighting its significance in prioritizing passenger safety and well-being during emergencies, such as cabin depressurization. Additionally, its automatic activation and rapid deployment of oxygen masks from overhead compartments enhance emergency preparedness, minimizing the risks associated with hypoxia and ensuring passenger comfort at high altitudes.

The commercial aviation sub-segment accounted for the largest market share of 59.0% in 2022 and is expected to grow at the highest CAGR of 8.0% during the estimated timeframe. This is mainly because the high volume of passengers and flights within commercial aviation necessitates efficient oxygen systems to maintain a controlled and breathable environment at high altitudes. Additionally, stringent safety standards and regulatory compliance drive the demand for reliable oxygen systems to ensure passenger safety. As a result, the commercial aviation sector's considerable reliance on these systems influences the dynamics and demands of the global aircraft oxygen system market.

The aircraft oxygen system market in the North America region accounted for the largest share of 59.0% in 2022 and is predicted to continue to hold major market share by 2032. This growth is mainly owing to the notable presence of leading aircraft manufacturers, such as Boeing and Bombardier.

These companies strategically position themselves, driving demand through continuous investment in expanding commercial, military, and regional aircraft fleets. This proactive approach aligns with the region's commitment to innovation in the aviation sector.

The combination of established industry players, technological innovation, and ongoing investments solidifies North America's pivotal role in shaping global market demand.

The key players profiled in the aircraft oxygen system market report include Aerox, Technodinamika, Rockwell Collins, Inc, Cobham plc, Diehl Stiftung & Co. KG, Aviation Oxygen Systems Inc, Adams Rite Aerospace Inc, Safran, Essex Industries, Inc, and Precise Flight, Inc.

Key Benefits For Stakeholders:

➢ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft oxygen system market analysis from 2022 to 2032 to identify the prevailing market opportunities.
➢ The market research is offered along with information related to key drivers, restraints, and opportunities.
➢ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
➢ In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
➢ Major countries in each region are mapped according to their revenue contribution to the global market.
➢ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
➢ The report includes the analysis of the regional as well as global market trends, key players, market segments, application areas, and market growth strategies.

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