The aircraft ignition system market size is projected to reach US$ 721.95 million by 2031 from US$ 442.65 million in 2023. The market is expected to register a CAGR of 6.3% during 2023–2031. Product Development and expansion of distribution channels is likely to remain a key trend in the market.
Aircraft Ignition System Market Analysis
The production of quadjets has been stopped due to lower demand caused during the pandemic, as well as environmental and sustainability concerns. In 2022, Boeing ended the production of B747 (one of the most popular commercial quadjets). Similarly, Airbus ended the production of A380 in 2021 due to the lower number of planes sold globally. The company delivered its last A380 fuselage to the assembly line in France in June 2020. This lowered the demand for aircraft ignition systems, thereby impacting the demand for ignition systems for such high power airplanes. Moreover, the Federal Aviation Administration has also put the hault on the production expansion of Boeing 737-9 MAX aircraft on The Boeing Company. Such factors have been restricted the growth of aviation industry in the past years.
Aircraft Ignition System Market Overview
The major stakeholders in the global aircraft ignition system market ecosystem include component providers, ignition system manufacturers, and end users. The component manufacturers operating in the market offer batteries, distributor caps, rotors, ignition coils, spark plugs, ignition modules, etc. The aircraft ignition system market has many small players engaged in the component business, collectively holding a significant share of the global market. They are also involved in R&D activities for developing new technologies. The key manufacturers of aircraft ignition systems include Sonex LLC, Champion Aerospace Inc, Electroair Acquisition Corp, PBS Group AS, Tempest Aero Group LLC, Surefly Partners Ltd, Unison Industries LLC, FADEC International LLC, Kelly Aerospace Inc, and Continental Aerospace Technologies Inc.
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Aircraft Ignition System Market: Strategic Insights
Market Size Value in US$ 433.75 Million in 2022 Market Size Value by US$ 596.28 Million by 2028 Growth rate CAGR of 5.4% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Aircraft Ignition System Market: Strategic Insights
| Market Size Value in | US$ 433.75 Million in 2022 |
| Market Size Value by | US$ 596.28 Million by 2028 |
| Growth rate | CAGR of 5.4% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Aircraft Ignition System Market Drivers and Opportunities
Growing Adoption of FADEC Systems
One of the main factors pushing the adoption of aircraft ignition system includes the rise in adoption of FADEC (Fully Full Authority Digital Engine Control) systems among the existing aircraft fleet and new aircraft models through their production. The FADEC system is used in an aircraft to decrease pilot’s workload by providing details on mechanical problems, as well as portrays engine monitoring capability. This autonomous, self-monitoring, self-operating, and redundant system enables the pilot to monitor fuel economy. It also helps in diagnostic processes that require constant monitoring of crucial processes in an aircraft powerplant, increasing fuel efficiency, and reducing maintenance expenses.
The FADEC system is developed to support both commercial and military aircraft. It is used in majority of aircraft engines, including CFM56-5A, CFM56-5B, CFM56-5C, CF6-80E, CFM56-7B, GE90-115B, and GEnx-1B, across different popular narrow-body and wide-body aircraft models, such as A330, A320, A318, A321, A340, B787, B777, and B737 series. It is a safety-critical system wherein adequate redundancy is configured to provide necessary reliability and availability. Some of the major companies that provide different FADEC solutions are FADEC International and Collins Aerospace. As the demand for FADEC systems is increasing, these players are creating alliances with other companies.
Modernization of Existing Aircraft Fleets
The modernization of existing fleets helps enhance their sustainability by reducing fuel consumption and carbon emission, thereby improving flight performance. The development of advanced electronics systems and computers is generating the need to replace the older electronics system in the aircraft models that are currently in use. Several countries are emphasizing the development and procurement of next-generation aircraft fleets to modernize and expand their fleets which is aiding the demand for advanced aircraft computer systems. For instance, in May 2021, Lufthansa Group modernized its fleet and purchased 10 highly efficient long-haul aircraft, with an aim to improve efficiency and reduce operating costs. In addition, in January 2022, the French Defense Procurement Agency received the sixth ATL2 Maritime Patrol Aircraft upgraded from standard 5 to standard 6. The aim of the above mentioned upgradation initiative was to develop new technologies and integrate them into tactical mission systems, sensor subsystems, and display consoles of existing aircraft, followed by restoring aircraft performance to peak levels. The upgradation of such advanced system emerges the need for technologically viable FADEC systems which is propelling the market growth over the forecast period.
Aircraft Ignition System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aircraft ignition system market analysis are type, component, and engine type.
- Based on type, the aircraft ignition system market is divided into electric ignition and magneto ignition. The electric ignition segment held a larger market share in 2023.
- Based on component, the aircraft ignition system market is segmented into ignition leads, igniters, spark plugs, exciters, and others. The spark plugs segment held a larger market share in 2023.
- By engine type, the market is segmented into turboprop engine, turbofan engine, turbojet engine, and piston engine. The turbofan engine segment held the largest share of the market in 2023.
Aircraft Ignition System Market Share Analysis by Geography
The geographic scope of the aircraft ignition system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific. Further, Asia Pacific is likely to become the most dominant market for aircraft ignition system in the coming years. A continuously growing aviation sector, with the rise in government initiatives to promote this sector, is leading to a rise in demand for aircraft and airport components. The Indian government, in September 2021, announced its intentions to make the country a global MRO hub. Further, the growing interest of international companies in investing in the aviation sector in APAC countries, such as India and Japan, for establishing aircraft part manufacturing facilities is likely to generate market opportunities for aircraft ignition system market vendors during the forecast period.
Aircraft Ignition System Market Report Scope
Aircraft Ignition System Market News and Recent Developments
The aircraft ignition 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 aircraft ignition system market are listed below:
Hartzell Engine Tech, a leading manufacturer for General Aviation and military applications, has rebranded and launched POWERUP Aircraft Ignition Systems. (Source: Hartzell Engine Tech, Press Release, Mar 2024)
- Hartzell Engine Tech, a portfolio company of Arcline Investment Management, has acquired the assets of Kelly Aero LLC, a leading manufacturer of aftermarket aircraft magnetos, replacement parts and ignition harnesses for General Aviation and military applications. (Source: Hartzell Engine Tech, Press Release, Nov 2023)
Aircraft Ignition System Market Report Coverage and Deliverables
The “Aircraft Ignition System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Aircraft ignition system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft ignition system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Aircraft ignition 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 aircraft ignition system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Component, and Engine Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the aircraft ignition system market in 2023.
Increasing production of aircraft and rising adoption of FADEC systems are some of the factors driving the growth for aircraft ignition system market.
Product development and expansion of distribution channels is one of the major trends of the market.
Sonex LLC, Champion Aerospace Inc, Electroair Acquisition Corp, PBS Group AS, Tempest Aero Group LLC, Surefly Partners Ltd, Unison Industries LLC, FADEC International LLC, Kelly Aerospace Inc, Continental Aerospace Technologies Inc, and Hartzell Engine Tech are some of the key players profiled under the report.
The estimated value of the aircraft ignition system market by 2031 would be around US$ 721.95 million.
The aircraft ignition system market is likely to register of 6.3% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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