Aircraft Oxygen Systems Market to Surpass $7.63 Billion by 2029 | Key Trends & Insights

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How Will the Aircraft Oxygen Systems Market Grow by 2025 in Terms of Size and Growth?
In the past few years, the aircraft oxygen systems market has experienced significant growth. The market value, which was $5.55 billion in 2024, is projected to reach $5.85 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. This growth in the previous period was primarily due to aviation safety rules, industry cooperation, and research, a focus on emergency readiness, an emphasis on passenger safety, and the expansion of global air travel.

What Are the Estimated Growth Rates for the Aircraft Oxygen Systems Industry Through 2029?
Forecasted to experience substantial expansion in the upcoming years, the aircraft oxygen systems market is projected to boil up to a significant $7.63 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. Explanation for this growth during the forecasted period can be linked to factors such as increasing long-distance flights, preference for sustainable methods, innovative oxygen storage tactics, preparedness for health crisis, and expansion of the aircraft fleet. Moreover, the forecast period will see major trends like stricter safety rules, modernization of aircraft fleets, a transition towards lighter materials, product innovations, and technological advancements.

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What Are the Strategic Drivers Boosting Aircraft Oxygen Systems Market Performance?
As the number of air passengers continues to rise, it is expected to fuel the advancement of the aircraft oxygen systems market. The term 'air passengers' refers to individuals or enterprises whose main involvement is in the transportation of individuals through air travel across both national and international sectors. A surge in the passenger count can scale up the demand for aircraft oxygen systems due to the basic economic principle of supply and demand. Airlines will be motivated to enhance their oxygen systems as more people choose to travel by air, bringing advantages to both the airline industry and its customers. As an example, the International Air Transport Association (IATA), a trade organization based in Canada that aids in conducting airline operations and shaping industry policies and standards, predicted that there will be 4.0 billion global air passengers in 2024 (counting multi-sector connecting flights as one passenger), going back to the pre-pandemic levels (103% compared to the figures of 2019). The total count of travelers in 2021 was 47% higher than previous years, with expectations for 2022 set at 83%, followed by 94% in 2023, 103% in 2024, and 111% in 2025. With such a rise in air travel, the growth in the aircraft oxygen systems market is being propelled.

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What Are the 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

What Are the Key Adoption Trends in the Aircraft Oxygen Systems Market?
Innovations in oxygen storage systems are emerging as a significant trend in the oxygen storage system market. Many prominent companies in this sector are focusing on creating new, upgraded oxygen storage systems for a variety of industries to maintain their market status. In February 2023, Adamant Composites Ltd., a company based in Greece specializing in advanced industrial products and services for sectors including space, aerospace, defense, and energy storage, revealed a partnership with HyImpulse, a private space launch company from Germany. The collective aim is to develop and test several liner-less CFRP liquid oxygen (LOX) compatible tanks for small space launch vehicles. These tanks have a considerable advantage regarding their weight and production cost, being lighter and less expensive than aluminum tanks due to the utilization of Toray thermoset uni-directional prepregs. The composite retains its integrity even in the face of sudden thermal contraction caused by the swift filling of propellant at cryogenic temperatures.

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Which Companies Lead the Competitive Landscape of the Aircraft Oxygen Systems Industry?
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

Where Are the Key Aircraft Oxygen Systems Market Opportunities by Region?
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

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