Sensors Segment is Expected to be Fastest Growing During the Forecast Period for the MEA Region

According to a new market research study on “MEA Air management system Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, System and Platform” is expected to reach US$ 548.61 million by 2028 from 388.34 US$ million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the MEA air management system market along with the drivers and restraints pertaining to the market growth. Air management systems becoming technologically advanced is the major factor driving the growth of the MEA air management system market. However, issues associated with high lifespan of air management systems hinders the growth of MEA air management system market.

MEA air management system market is segmented into component, system, platform, and country. Based on components, the MEA 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 MEA 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 MEA air management system market. Based on the platform, the MEA 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 MEA air management system market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. UAE held the largest market share in 2020.

The MEA air management system market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and systems have been disturbed. The demand for advanced aircraft technologies has also declined across the region as it is one of the largest importers of aircraft components and does not have any aircraft or component manufacturer across its countries. This has resulted in a loss of business among the air management system market players offering their products to respective customers in the MEA region.

South Africa has recently discovered patients of a new variant of COVID virus, i.e., Omicron, which has been one of the major concerns across the world right now. This has led to the closure of international borders for African flights across different countries of different regions worldwide. The widespread COVID-19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for aircraft components, thereby hindering the requirement for air management systems in the region. Additionally, the disruption in the supply chain business, owing to the trade ban, has also reflected adverse effects on the air management system market across the region.

AMETEK Inc., Collins Aerospace, 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 MEA 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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