Report : North 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)
Air Cycle Machines Segment to Dominate North America Air management system Market during 2020–2028
According to a new market research study on “North America Air management system Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, System and Platform” is expected to reach US$ 2,759.96 million by 2028 from 1,28.19 US$ million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the North America air management system market along with the drivers and restraints pertaining to the market growth. High demand for new general aviation aircraft deliveries is the major factor driving the growth of the North America air management system market. However, issues associated with higher lifespan of air management systems hinders the growth of North America air management system market.
North America air management system market is segmented into component, system, platform, and country. Based on components, the North America 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 North America 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 North America air management system market. Based on the platform, the North America 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 North America air management system market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
The US has witnessed the most severe impact of COVID-19 in 2020. The region's aircraft manufacturers and service providers had been affected due to nationwide lockdowns and travel restrictions, shutting down of aircraft production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has reached an unprecedented level for the airline industry in North America, with increasing net losses and delays in recovery. North America's aircraft industry was one of the strongest performers in the pre-crisis period. Also, as per the current scenario, after the discovery of new variant patients of COVID-19 (Omicron), the North American countries have restricted their borders for flights African countries in order to take safety precaution for the spread of disease. The region is expecting market recovery from economic disruption by the end of 2027. Recovery in demands for commercial, military, and general aviation aircraft, along with helicopters, for different applications is anticipated to boost manufacturing and sales of the air management systems in the region.
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 North America 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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