Market Share of Crew Oxygen Systems Industry
The crew oxygen systems market is semi-consolidated in nature due to the presence of a few local and global players holding significant shares in the market. The key aerospace players such as The Boeing Company, Bombardier Inc., and Airbus SE shape market dynamics through their aircraft production and technology integration initiatives.
The key market players in the crew oxygen systems market include RTX Corporation, Safran, Parker-Meggitt (Parker Hannifin Corporation), Rostec, and Diehl Stiftung & Co. KG. Furthermore, key OEMs highly invest in research and development to develop lightweight and highly advanced oxygen systems. This growth trend highlights the huge demand for reliable and advanced oxygen systems to support the expanding global fleet. For instance, in June 2023, Safran announced that it had entered into exclusive negotiations with Air Liquide to acquire the aeronautical oxygen and nitrogen activities of Air Liquide's advanced Technologies. This acquisition project would complement Safran Aerosystems' product range especially on-board oxygen generation systems (OBOGS) will enable Safran to become a leading player through systems integration.The crew oxygen systems market exhibits a semi-consolidated structure, characterized by the dominant presence of a select number of local and global players holding substantial market shares. Key aerospace industry leaders, including The Boeing Company, Bombardier Inc., and Airbus SE, play pivotal roles in shaping market dynamics through their influential contributions to aircraft production and technology integration initiatives.
Prominent participants in the crew oxygen systems market comprise RTX Corporation, Safran, Parker-Meggitt (Parker Hannifin Corporation), Rostec, and Diehl Stiftung & Co. KG. These key market players demonstrate a commitment to innovation and research and development, investing significantly in the creation of lightweight and highly advanced oxygen systems. This ongoing emphasis on technological advancement underscores the substantial demand for dependable and cutting-edge oxygen systems to cater to the needs of the expanding global fleet.
This growth trend shows that key original equipment manufacturers (OEMs) are actively engaged in research and development endeavors aimed at producing state-of-the-art oxygen systems. An exemplary instance is the announcement made by Safran in June 2023, revealing exclusive negotiations with Air Liquide to acquire the aeronautical oxygen and nitrogen activities of Air Liquide Advanced Technologies. This strategic acquisition project aligns with Safran Aerosystems' objectives, particularly in enhancing its product range, specifically in the domain of onboard oxygen generation systems (OBOGS). Through this initiative, Safran aims to establish itself as a leading player in the market, leveraging its prowess in systems integration.
Crew Oxygen Systems Market Leaders
RTX Corporation
Safran
Parker-Meggitt (Parker Hannifin Corporation)
Rostec
Diehl Stiftung & Co. KG
*Disclaimer: Major Players sorted in no particular order
