Air Management System Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The air management system market size is projected to reach US$ 10.24 billion by 2031 from US$ 5.96 billion in 2023. The market is expected to register a CAGR of 7.0% during 2023–2031. Technological advancements in air management systems such as implementation of smart sensors is likely to remain a key trend in the market.

Air Management System Market Analysis

The ecosystem of the air management system market is diverse and evolving. Its stakeholders are suppliers, components, aircraft manufacturers, and end users. Leading players occupy places in various nodes of the market ecosystem. Raw material providers supply materials to component manufacturers, utilizing them to manufacture and design the final products. The final product is then supplied to aircraft manufacturers through different mediums, such as direct sales through company distributors or third-party sales through third-party distributors. Aircraft manufacturers or OEMs then integrate aircraft components into their respective aircraft models.

Air Management System Market Overview

The air management system market comprises several well-established players wherein the top five vendors acquire about 25% and experience regular procurement of their respective products from end users. The air management system market players compete among each other on various parameters, including technology, lead-time, and pricing, among others. These parameters enhance the competitiveness among the market players and are expected to maintain a high level of competitive rivalry amongst the air management system market players.

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Air Management System Market: Strategic Insights

Air Management System Market

• 
  CAGR (2023 - 2031)

  7.0%
• Market Size 2023
  US$ 5.96 Billion
• Market Size 2031
  US$ 10.24 Billion

Market Dynamics

GROWTH DRIVERS

• New general aviation aircraft deliveries generating demand for new installations
• Demand for aviation retrofit & upgrades

FUTURE TRENDS

• Technological advancements in air management systems such as implementation of smart sensors

OPPORTUNITIES

• Significant Aircraft Deliveries in Future Expected to Generate Market Opportunities

Key Players

• Parker Hannifin Corporation
• Honeywell International Inc
• Diehl Stiftung Co KG
• Collins Aerospace
• Liebherr International Deutschland GmbH
• Meggitt PLC
• Safran Electronics Defense
• Shimadzu Corporation
• AMETEK Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• On-Board Oxygen Generation System
• Sensors
• Condenser & Evaporator
• Air Cycle Machines
• Control & Monitoring Electronics Units

System

• Thermal Management System
• Ice Protection System
• Cabin Pressure Control System
• Fuel Tank Inerting System
• Oxygen System
• Engine Bleed Air System

Platform

• Fixed Wing
• Rotary Wing

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Air Management System Market Drivers and Opportunities

Demand for Aviation Retrofit & Upgrades

The presence of a large number of older commercial aviation fleets worldwide is generating the demand for retrofitting and upgrades of the existing fleet. Also, the launch of new aircraft MRO hangars and MRO bays is directly proportional to the demand for different air management systems, one of the strong catalyzers of the air management system market. In addition, the continuous investments by airliners for aircraft upgrades due to the expansion of their existing aircraft fleet is boosting the demand for air management systems globally. For instance, one of the leaders in Indian aviation, InterGlobe Aviation Ltd. (Indigo Airlines), signed a 20-year-agreement with Bangalore International Airport Limited (BIAL) in 2019 to build its second MRO facility in India. According to the company's statement, the new hangar can serve two narrow-body aircraft and an engine MRO.

Significant Aircraft Deliveries in Future Expected to Generate Market Opportunities

The commercial aviation sector has maintained a strong fleet size over the years, with Airbus and Boeing are the two most notable aircraft manufacturers in terms of delivery statistics. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Commercial aviation is foreseen to surge in the coming years due to the mounting number of air travel passengers and aircraft procurement. Moreover, the expected future deliveries of commercial and military aircraft is one of the major factors likely to generate new opportunities for market vendors in the coming years. For instance, according to the Boeing and Airbus forecasts, more than 40,800 commercial aircraft are likely to be delivered across the world during 2023-2042.

Air Management System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the air management system market analysis are component, system, and platform.

• Based on component, the air management system market is segmented into on-board oxygen generation system, sensors, condenser & evaporator, air cycle machines, control & monitoring electronics units, and others. The air cycle machines segment held a larger market share in 2023.
• Based on system, the air management system market is segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank inerting system, oxygen system, and engine bleed air system. The thermal management system segment held a larger market share in 2023.
• Based on platform, the air management system market is segmented into fixed wing and rotary wing. The fixed wing segment held a larger market share in 2023.

Air Management System Market Share Analysis by Geography

The geographic scope of the air management system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific has dominated the market in 2023 followed by North America and Europe regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. China accounted for major share in the Asia Pacific air management system market whereas India is likely to be one of the most attractive air management system market worldwide in the coming years. China has surpassed the US largest aviation market (the US) and being one of the fastest-growing aviation markets worldwide. The country is expected to foresee high demand for aircrafts over the next 20 years. For instance, according to the Airbus’ forecasts, more than 9,400 commercial aircraft are likely to be delivered in China during 2023 and 2042. Besides, increasing aircraft production number from local and foreign manufacturer, in the long run, aircraft MRO activities would shift towards the APAC region as China and South-East Asian are lined up to establish their importance as MRO centers. Companies around the world are focusing on expanding their business to China; for instance, Safran S.A. has expanded its MRO services to China and offers services on various components to the Chinese airlines. Furthermore, the country is the second-largest defense spending nation after the US. China invests substantial amounts in its defense forces which enable the air force to procure new aircraft fleets. Nonetheless, the growth in military spending and the demand for aircraft, are expected to generate new growth opportunities for the air management system market in China.

Air Management System Market Report Scope

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Air Management System Market News and Recent Developments

The air management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the air management system market are listed below:

• AMETEK Singapore PTE has augmented its capabilities by investing in Airbus A350 maintenance solutions. The decision, which will provide customers in the Asia Pacific region with a regional support option for the full suite of cargo and galley heaters for the aircraft type, will be further complemented by AMETEK’s current airworthiness approvals including CAAS, CAAC, FAA, EASA, JCAB, CAAM, CAAV, and DGCA. (Source: AMETEK Singapore PTE, Press Release, Jan 2022)
• Honeywell (NYSE: HON) has introduced the next generation of its Cabin Pressure Control and Monitoring System with applications in both commercial and military aircraft. This new version of the system is all-electric, lighter-weight, and available now for business and regional aviation as well as tactical or military trainer-sized aircraft. (Source: Honeywell Internaitonal Inc, Press Release, Jan 2021)

Air Management System Market Report Coverage and Deliverables

The “Air Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Air management system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Air management system market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Air management system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the air management system market
• Detailed company profiles