Market Size of Commercial Aircraft Air Management System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Commercial Aircraft Air Management System Market Analysis
The commercial aircraft air management systems market is estimated to record a CAGR of about 4.27% during the forecast period.
Due to the impact of COVID-19, the aviation industry was greatly affected globally, which led to a significant decrease in passenger traffic in 2020. This has led to a decrease in production rates of commercial aircraft programs by the aircraft OEMs and a decrease in aircraft orders and deliveries in 2020. However, the aircraft deliveries and orders witnessed a significant increase in 2021 due to the gradual recovery in passenger traffic.
The gradual recovery of passenger traffic is propelling the airlines, and aircraft operators are investing in fleet modernization initiatives and expansion of their fleet to cater to increasing routes across the various regions. This factor is propelling the market growth for commercial aircraft and, subsequently, commercial aircraft materials.
The aircraft and related subsystems industries are technology-driven. Currently, the replacement of conventional sensors with new and advanced sensors, which yield better and more accurate results, and the development of robust heat exchangers are helping the production of more efficient air management systems.
