Fixed Wing Segment to Dominate APAC Air management system Market during 2020–2028      

According to a new market research study on “APAC Air management system Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, System and Platform” is expected to reach US$ 2,130.17 million by 2028 from 1,219.99 US$ million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report provides trends prevailing in the APAC air management system market along with the drivers and restraints pertaining to the market growth. Surging aircraft deliveries in future is expected to provide market opportunities and this is the major factor driving the growth of the APAC air management system market. However, issues associated with high lifespan of air management systems hinders the growth of APAC air management system market.

 APAC air management system market is segmented into component, system, platform, and country. Based on components, the APAC air management system market is segmented into on-board oxygen generation system, sensors, condenser and evaporator, air cycle machines, control and monitoring electronic units, and others. In 2020, air cycle machines segment dominated the market. Based on system, the APAC 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. In 2020, thermal management system accounted for the largest share in the APAC air management system market. Based on the platform, the APAC air management system market is segmented into fixed wing and rotary wing. In 2020, fixed wing aircraft platform dominated the market. Based on country, the APAC air management system market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.

The COVID-19 pandemic has not only disrupted the APAC's economy and the region's aerospace market but has also changed the customer attitude toward the sector. The region has witnessed a significant decline in air transportation. As per IATA estimates, Asia-Pacific airlines recorded a revenue decline of US$ 113 billion in 2020 compared to 2019. The reduction in air travel demand and border restrictions have resulted in the grounding of aircraft at an unprecedented scale. From an aircraft manufacturing and assembly viewpoint, China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries during Q1 and Q2 of 2020. Due to this, the production facilities have witnessed severe conditions in aircraft and component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down temporarily for a longer period, which resulted in substantially lesser demand for various components and systems, including air management systems. Similarly, China's indigenous aircraft manufacturer COMAC halted its production of C919 (which accounts for a major share in the Chinese commercial aircraft fleet) during Q1 of 2020, which has negatively impacted the air management system market.

However, the aviation authorities, airlines, and aircraft OEMs foresee strong growth in the APAC aviation industry in the near future. Owing to this, several airlines are ordering and taking deliveries of newer aircraft models. This is expected to drive the demand for aircraft components among aircraft OEMs and MRO vendors

AMETEK Inc., BOYD Corporation, 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 leading companies in the APAC air management system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Collins Aerospace signed a partnership agreement with Ethiopian of $500 Million for 25 years. This agreement covers the maintenance of heat exchangers, air management system, & fuel metering units on 60 De Havilland Canada Dash 8-400 turboprops.

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