South America Air Management System Market is expected to reach US$ 700.81 million by 2028

Oxygen System Segment is Expected to be Fastest Growing During the Forecast Period for the SAM Region

According to a new market research study on “SAM Air management system Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, System and Platform” is expected to reach US$ 700.81 million by 2028 from 531.82 US$ million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the SAM 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 SAM air management system market. However, issues associated with high lifespan of air management systems hinders the growth of SAM air management system market.

 SAM air management system market is segmented into component, system, platform, and country. Based on components, the SAM 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 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. In 2020, thermal management system accounted for the largest share in the SAM air management system market. Based on the platform, the SAM 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 SAM air management system market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2020.

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.

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 leading companies in the SAM 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.    

SAM Air Management System Market, By Country, 2020 and 2028 (%)

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