Global Commercial Aircraft Oxygen System Market 2018-2022
About Commercial Aircraft Oxygen System
Oxygen systems are installed in aircraft cabins and are used by passengers and crew members under cabin depressurization. They form a vital part of the aircraft cabin and ensure the safety of passengers and crew members under emergency situations.
Technavio’s analysts forecast the global commercial aircraft oxygen system market to grow at a CAGR of 6.52% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial aircraft oxygen system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Oxygen System Market 2018-2022
Technavio recognizes the following companies as the key players in the global commercial aircraft oxygen system market: Cobham, Rockwell Collins, Technodinamika, and Zodiac Aerospace.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of new MRO hubs in APAC. MRO in the aviation industry is a complex process that is regulated by airworthiness authorities and must adhere to strict and precise requirements to guarantee safety of crew and passengers. Every year airlines spend billions of dollars to comply with such requirements. Maintenance expenditure represents a major portion of the total operational cost incurred by airlines.”
According to the report, one driver in the market is preference for aircraft with advanced technologies. Commercial aircraft OEMs are actively engaged in the development of new-generation aircraft that feature both better fuel efficiency and increased reliability. Moreover, the demand for air travel is likely to double in next 20 years due to the growth in air travel in key countries like China, Russia, India, Indonesia, and the US.
Further, the report states that one challenge in the market is delay in aircraft delivery. As the aviation industry is moving forward with increasing technological advancement and enhanced systems, manufacturers of various aircraft parts, components, and sub-assemblies are feeling the pressure to meet the increasing demand, budget constraints, and rapid delivery times. These factors can have a huge impact on the quality.
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