Market Trends of Aircraft De Icing Industry
This section covers the major market trends shaping the Aircraft De-icing Market according to our research experts:
The Commercial Segment to Experience the Highest Growth During the Forecast Period
The commercial segment of the market has the highest market share, and it is expected to register the highest CAGR during the forecast period. With the increasing passenger traffic around the world, the aircraft movements are increasing, and to reach out to passenger expectation, the airlines are investing in new technologies that may help them reduce the time for de-icing the aircraft. Additionally, the airports are investing in new infrastructure, which is expected to make faster de-icing and save the cost incurred in the de-icing. For instance, Hartsfield-Jackson Atlanta International Airport announced its plan in 2018 to build a USD 50 million south de-icing facility to reduce flight cancelations during snowstorms. Initially, this facility is expected to have space for five large planes to be de-iced at once and when it is finished, the airport may have space for about 20 planes to be de-iced at a time. Moreover, the development of fluids that can be recycled and used may greatly reduce the operating costs of the airports, and they are anticipated to create a significant impact on the aircraft de-icing market during the forecast period.
The North American Region to Experience the Highest Growth During the Forecast Period
Currently, the North American region has the highest market share, and it is anticipated to record the highest growth during the forecast period. This is majorly due to the increasing passenger traffic, along with increasing aircraft movements from the airports in the United States. Since the region has some of the busiest airports, the need for effective and fast de-icing methods is high in this region. Due to regular storms and adverse weather conditions in the United States, the icing is often observed on the surface of the aircraft. In January 2018, the US airlines canceled more than 1,100 flights, and more than 3,000 flights were grounded due to a massive storm and similarly, in January 2016, the airlines canceled nearly 6,300 flights in the country, due to blizzard weather conditions with cold and ice hit. To tackle such situations, the airports and airlines in North America are investing in better de-icing technologies and infrastructures for avoiding future delay and inconvenience to the passengers.
