South America Air Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (On-Board Oxygen Generation System, Sensors, Condenser & Evaporator, Air Cycle Machines, Control & Monitoring Electronics Units, and Others),

South America Air Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (On-Board Oxygen Generation System, Sensors, Condenser & Evaporator, Air Cycle Machines, Control & Monitoring Electronics Units, and Others), System (Thermal Management System, Ice Protection System, Cabin Pressure Control System, Fuel Tank Inerting System, Oxygen System, and Engine Bleed Air System), and Platform (Fixed Wing and Rotary Wing)

The air management system market in SAM is expected to grow from US$ 531.82 million in 2021 to US$ 700.81 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.The commercial aviation sector has maintained a strong fleet size over the years, with Airbus and Boeing being the two most notable aircraft manufacturers in terms of delivery statistics. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Commercial aviation is foreseen to surge in the coming years due to the mounting number of air travel passengers and aircraft procurement. With the projected rise in aircraft volumes, the demand for various air management systems would also increase in the coming years. Moreover, elevated aircraft production volume would boost the production and acquisition of air management systems, which is likely to create opportunities for market players to sell their products to aircraft OEMs over the next few years. Thus, a decent rate of aircraft delivery, coupled with the existing fleet size (excluding the retired and sent to long-term storage due to COVID-19), poses significant business opportunities for the aviation vendors, ultimately driving the air management system market during the forecast period.

Based on system, the SAM air management system market is segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank inerting system, oxygen system, and engine bleed air system. The oxygen system segment is expected to be the fastest-growing segment during the forecast period. Oxygen systems are designed to store or generate the supply of pure oxygen, along with control over full distribution of oxygen for passengers and crew members inside an airplane’s environment. Oxygen systems are mostly installed on any aircraft type. As the oxygen is a basic necessity for all humans, the requirement of oxygen systems becomes a mandatory system across the aviation sector. Growing volume of aircraft production and retrofitting of conventional oxygen system with newer systems are some of the major factors driving the oxygen system segment across the SAM air management system market. Moreover, the rising passenger traffic is another major factor fueling the production and deployment of aircraft oxygen systems. The oxygen systems segment is estimated to be the third-largest and fastest-growing segment, according to the market research study.

In 2020, Brazil had the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador. Governments in SAM have taken various actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and aircraft-related systems and technologies is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in aircraft production in these countries has impaired the supply chain in Brazil. This has weakened the demand for several components, including different types of air management systems and other components. Thus, the COVID-19 outbreak has had a harsh impact on the SAM air management system market, especially Brazil.

The MEA air management system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the MEA air management system market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA air management system market. AMETEK Inc., Collins Aerospace, Diehl Stiftung & Co. KG, Honeywell International Inc., Liebherr-International Deutschland GmbH, Meggitt PLC, Parker Hannifin Corporation, Safran Electronics & Defense, and Shimadzu Corporation are among the key players operating in the air management system market in the region.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM air management system market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM air management system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the air management system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  Show more