Report : Europe Aircraft Ignition System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Electric Ignition and Magneto Ignition), Component (Ignition Leads, Igniters, Spark Plugs, Exciters, and Others), and Engine Type (Turboprop Engine, Turbofan Engine, Turbojet Engine, and Piston Engine)
At 5.8% CAGR, the Europe Aircraft Ignition System Market is speculated to be worth US$ 162.43 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe aircraft ignition system market was valued at US$ 115.62 million in 2022 and is expected to reach US$ 162.43 million by 2028, registering a CAGR of 5.8% from 2022 to 2028. Growing adoption of fully authority digital engine control (FADEC) systems and growing production of aircraft are the critical factors attributed to the Europe aircraft ignition system market expansion.
The FADEC system is used in an aircraft to decrease pilot’s workload by providing details on mechanical problems, as well as portrays engine monitoring capability. This autonomous, self-monitoring, self-operating, and redundant system enables the pilot to monitor fuel economy. It also helps in diagnostic processes that require constant monitoring of crucial processes in an aircraft powerplant, increasing fuel efficiency, and reducing maintenance expenses. The FADEC system is developed to support both commercial and military aircraft. It is used in majority of aircraft engines, across different popular narrow-body and wide-body aircraft models. It is a safety-critical system wherein adequate redundancy is configured to provide necessary reliability and availability. As the demand for FADEC systems is increasing, several players are creating alliances. As FADEC system improves fuel efficiency, obtains redundancy in case of failure, provides care-free engine handling, and is used for better systems integration, its adoption in the market is increasing. Hence, all the above factors are propelling the adoption of FADEC systems, which will lead to the Europe aircraft ignition system market growth during the forecast period.
On the contrary, discontinuation of quadjet production hurdles the growth of Europe aircraft ignition system market.
Based on component, the Europe aircraft ignition system market is segmented into ignition leads, igniters, spark plugs, exciters, and others. The spark plugs segment held 29.9% market share in 2022, amassing US$ 34.53 million. It is projected to garner US$ 52.70 million by 2028 to expand at 7.3% CAGR during 2022–2028.
Based on type, the Europe aircraft ignition system market is bifurcated into electric ignition and magneto ignition. The electric ignition segment held 67.8% market share in 2022, amassing US$ 78.37 million. It is projected to garner US$ 113.14 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on engine type, the Europe aircraft ignition system market is segmented into turboprop engine, turbofan engine, turbojet engine, and piston engine. The turbofan engine segment held 43.2% market share in 2022, amassing US$ 49.98 million. It is projected to garner US$ 74.40 million by 2028 to expand at 6.9% CAGR during 2022–2028.
Based on country, the Europe aircraft ignition system market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that France captured 27.7% market share in 2022. It was assessed at US$ 32.03 million in 2022 and is likely to hit US$ 46.93 million by 2028, exhibiting a CAGR of 6.6% during the forecast period.
Key players dominating the Europe aircraft ignition system market are Champion Aerospace Inc, Continental Aerospace Technologies Inc, FADEC International LLC, Kelly Aerospace Inc, PBS Group AS, Sonex LLC, Surefly Partners Ltd, Tempest Aero Group LLC, and Unison Industries LLC among others.
- In 2021, Champion Aerospace Inc announced that they had signed an agreement with S3 AeroDefense to distribute its solutions. Thus, through this agreement will expand its distribution channel in the market.
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