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Aircraft Oxygen Systems Market Size Forecasted To Achieve $7.74 Billion By 2029 With Steady Growth
Aircraft Oxygen Systems
What Is the Aircraft Oxygen Systems Market Size and Projected Growth Rate?
The Aircraft Oxygen Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Aircraft Oxygen Systems Market Size and Projected Growth Rate?
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What Are the Major Segments in the Aircraft Oxygen Systems Market?
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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What Are The Driving Aircraft Oxygen Systems Market Evolution?
As the number of people opting for air travel rises, it's projected to propel the aircraft oxygen systems market's growth. Air passengers, individuals or corporations mainly involved in air transport on both local and international paths, are becoming more numerous. This increase could stimulate the expansion of aircraft oxygen system due to the principle of economies of scale. A greater volume of passengers implies a higher need for oxygen systems. This, in turn, gives airlines more reason to upgrade their oxygen systems, which is advantageous for both the company and its clientele. For example, the International Air Transport Association (IATA), a Canada-based organization that promotes airline activities and aids in establishing industry policies and standards, projected in March 2022 that the number of air passengers worldwide would touch 4.0 billion in 2024 (considering multi-leg connecting flights as one passenger), matching the pre-COVID-19 levels and reaching 103% of the 2019 figure. The traveler count in 2021 was 47% more than the previous years. This is expected to increase to 83% in 2022, followed by 94% in 2023, 103% in 2024, and 111% in 2025. Consequently, the rising figure of individuals using air transport is fueling the growth of the aircraft oxygen systems market.
Which Firms Dominate The Aircraft Oxygen Systems Market Segments?
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
What Trends Are Expected to Dominate the Aircraft Oxygen Systems Market in the Next 5 Years?
Improvements in oxygen storage systems are an emerging trend that is gathering momentum in the oxygen storage system market. Leading businesses in this market are focusing on creating novel and enhanced advanced oxygen storage systems for different sectors to maintain their market standing. In February 2023, Adamant Composites Ltd., a firm based in Greece that provides high-tech industrial products and services for the space, aerospace, defense, and energy storage sectors, declared a partnership with HyImpulse, a private space launch firm from Germany. Their joint venture entails developing and testing liner-less CFRP liquid oxygen (LOX) tanks suited for smaller space launch vehicles. Owing to the usage of Toray thermoset uni-directional prepregs, these tanks are considerably lighter and less costly to manufacture compared to aluminum tanks. The composite endures the sudden thermal reduction triggered by swift propellant filling at cryogenic temperatures, thereby preserving its integrity.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aircraft Oxygen Systems Market?
2. What is the CAGR expected in the Aircraft Oxygen Systems Market?
3. What Are the Key Innovations Transforming the Aircraft Oxygen Systems Industry?
4. Which Region Is Leading the Aircraft Oxygen Systems Market?
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