Geographically, the air management system market is distributed across five regional markets: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). At present, North America holds the largest share in the global air management system market due to the presence of the largest aircraft fleet and one of the largest aircraft OEM (i.e. Boeing) and some of the major general aviation aircraft manufacturers. Moreover, the rising demand for business jets due to technological advancements in ultra-long-range jets is also creating lucrative opportunities for market players across this region.
COLLINS AEROSPACE, HONEYWELL INTERNATIONAL INC., DIEHL STIFTUNG & CO. KG, MEGGITT PLC, AND SAFRAN – PROMINENT MARKET PARTICIPANTS IN AIR MANAGEMENT SYSTEM MARKET
In terms of the market share, Europe and APAC held the second and third positions, respectively. Europe emerged as a crucial market for air management systems in 2020 and is expected to record a high rise over the forecast period. The region is characterized by well-developed nations, such as France, Germany, the UK, and Russia. All of them are investing heavily in aviation technologies. Moreover, the presence of the largest aircraft manufacturer worldwide, i.e., Airbus, in France is one of the biggest factors that has driven the market for air management systems across Europe. Also, the massive volume of aircraft production, coupled with the presence of a large number of component and sub-component manufacturers across the region, is another key factor propelling the air management system market.
Furthermore, the increasing deliveries of the Honda Jet in Europe have led some air charter operators, such as Wijet, to upgrade their fleet with the more economical Honda Jet aircraft, to provide their customers with a safe and superior product at a lower price. Other charter jet service companies are also expanding their fleet to meet the constantly augmenting demand. For instance, in September 2019, Luxaviation added a Bombardier Global Express XRS and a Global 5000 to its aircraft fleet. The company has added nine jets in the first nine months of September 2019. Thus, the increasing usage of charter flights in Europe is also propelling the air management system market.
Moreover, some general aviation models have witnessed a healthy rise in deliveries, despite the COVID-19 pandemic. For instance, CE-172S Skyhawk SP witnessed sales of around 241 units in 2020, which was around 126 units of deliveries in 2019. Additionally, single-engine piston airplanes have also witnessed a rise in deliveries during 2020. According to the General Aviation Manufacturer’s Association, around 1,155 units of single-engine piston airplanes were delivered during FY 2020 worldwide, which was around 1,111 units of deliveries during 2019. Therefore, new general aviation deliveries are fueling the demand for new installations of air management systems, aiding the market growth.
The top five companies in the market are Collins Aerospace (Raytheon Technologies), Honeywell International Inc., Diehl Stiftung & Co. KG, MEGGITT Plc, and Safran. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current air management system portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2020 | Meggitt PLC The company completed five year contract extension with GE Aviation to provide valves, sensors and heat exchangers across a range of engine programs. | Europe |
| 2019 | Collins Aerospace signed a partnership agreement with Ethiopian of US$ 500 Million for 25 years. This agreement covers the maintenance of heat exchangers, air management system, & fuel metering units on 60 De Havilland Canada Dash 8-400 turboprops | North America |
