Europe 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)
Market Introduction
The air management system market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. France and Russia are the largest aircraft manufacturing countries in Europe. The aerospace industry is one the largest industry, which contributes significantly to the GDP of Europe. Factor such as which high GDP per capita is majorly attributed for air travel being the most preferred means of travel among masses. Further, the presence of favorable economic and robust technological infrastructure conditions has paved the way for the aerospace industry to flourish in Europe.
The region houses manufacturing facilities of some leading aircraft manufacturers, such as Dassault Aviation, Airbus, Daher, Piaggio Aerospace, Pipistrel, Sonaca Aircraft, Extra Aircraft, Flight Design GmbH, TECNAM Aircraft, Hélicoptères Guimbal, and Leonardo. Such leading players have paved the path for high civil and military aircraft and helicopters uptake. As per the General Aviation Aircraft Shipment Report, in 2018, 2019, and 2020, the general aviation shipments were 494, 667, and 618, respectively. The existence of numerous aircraft manufacturers in Europe is one of the key driving factors for the growth of the air management system market.
With the COVID-19 outbreak, the production and sales of air management systems came to a sudden halt in most of Europe. The collapse of the demand side severely impacted the EU aerospace sector, thereby putting the economies in deep crisis and reduced international trade. The air transport sector plays an important role in economic growth and employment in many European countries, which were strongly impacted by supply chain disruptions and technological challenges. The European aerospace industry began to witness airspace inefficiencies, activity delays, and a declining number of flights with the initial spread of COVID-19 in the region. The global passenger volume contracted by 60.5%, and the total cost of infrastructure declined by 45.4% in 2020. This reduced demand has severely impacted the regional aviation market and affected the aircraft component manufacturers, including air management systems vendors, in building and maintaining airliners, parts suppliers, and catering. The Europe aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services.
However, Airbus—the European aircraft manufacturing giant—foresees faster recovery of the aviation industry and aircraft manufacturing. According to Airbus, the global and European aviation industry is expected to reach pre-COVID levels between 2023 and 2025. The European general aviation industry is expected to surpass its pre-COVID levels by 2022. However, according to a market research study, the European air management system market has witnessed a decline of nearly 31% in 2020 which is expected to come back to 2019 levels by the end of Q2 2026.
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Market Overview and Dynamics
The air management system market in Europe is expected to grow from US$ 1,638.85 million in 2021 to US$ 2,665.33 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The airlines in the European countries, irrespective of full service or low-cost airlines, are facing extreme pressure for air travel. This is influencing the companies to procure a high number of aircraft, thereby contributing to the growth of the air management system market. Moreover, growing air travel and increasing government budgets for military aircraft and helicopters have stimulated the MRO services, significantly boosting market players' revenue stream in Europe.
Key Market Segments
Europe air management system market is segmented into component, system, platform, and country. Based on components, the Europe 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 Europe 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 Europe air management system market. Based on the platform, the Europe 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 Europe air management system market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. France held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the air management system market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
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Europe Air Management System Market Segmentation
Europe Air Management System Market - By Component
- On-Board Oxygen Generation System
- Sensors
- Condenser & Evaporator
- Air Cycle Machines
- Control & Monitoring Electronics Units
- Others
Europe Air Management System Market - By System
- Thermal Management System
- Ice Protection System
- Cabin Pressure Control System
- Fuel Tank Inerting System
- Oxygen System
- Engine Bleed Air System
Europe Air Management System Market - By Platform
- Fixed Wing
- Rotary Wing
Europe Air Management System Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Air Management System Market - Company Profiles
- 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
- Shimadzu Corporation
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Air Management System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Air Management System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 New General Aviation Aircraft Deliveries Creating Demand for New Instalments
5.1.2 Aviation Retrofit & Upgrades at High Demand
5.2 Market Restraints
5.2.1 Air Management Systems Having Longer Lifespan
5.3 Market Opportunities
5.3.1 New Market Opportunities Owing to Significant Aircraft Deliveries in Future
5.4 Future Trends
5.4.1 Air Management Systems Witnessing Technological Advancements Such as Implementation of Smart Sensors
5.5 Impact Analysis of Drivers and Restraints
6. Air Management System Market – Europe Analysis
6.1 Europe Air Management System Market Overview
6.2 Europe Air Management System Market Forecast and Analysis
7. Europe Air Management System Market Analysis – By Component
7.1 Overview
7.2 Europe Air Management Systems Market, By Component (2020 and 2028)
7.3 On-board Oxygen Generation System
7.3.1 Overview
7.3.2 On-board Oxygen Generation System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Sensors
7.4.1 Overview
7.4.2 Sensors: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Condenser & Evaporator
7.5.1 Overview
7.5.2 Condenser & Evaporator: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Air Cycle Machines
7.6.1 Overview
7.6.2 Air Cycle Machines: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.7 Control & Monitoring Electronics Units
7.7.1 Overview
7.7.2 Control & Monitoring Electronics Units: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8. Europe Air Management System Market Analysis – By System
8.1 Overview
8.2 Europe Air Management Systems Market, By System (2020 and 2028)
8.3 Thermal Management System
8.3.1 Overview
8.3.2 Thermal Management System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Ice Protection System
8.4.1 Overview
8.4.2 Ice Protection System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Cabin Pressure Control System
8.5.1 Overview
8.5.2 Cabin Pressure Control System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8.6 Fuel Tank Inerting System
8.6.1 Overview
8.6.2 Fuel Tank Inerting System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8.7 Oxygen System
8.7.1 Overview
8.7.2 Oxygen System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8.8 Engine Bleed Air System
8.8.1 Overview
8.8.2 Engine Bleed Air System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
9. Europe Air Management System Market Analysis – By Platform
9.1 Overview
9.2 Europe Air Management Systems Market, By Platform (2020 and 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
10. Europe Air Management System Market – Country Analysis
10.1 Overview
10.1.1 Europe: Air Management System Market, by Key Country
10.1.1.1 France: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 France: Air Management System Market, By Component
10.1.1.1.2 France: Air Management System Market, by System
10.1.1.1.3 France: Air Management System Market, by Platform
10.1.1.2 Germany: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Germany: Air Management System Market, By Component
10.1.1.2.2 Germany: Air Management System Market, by System
10.1.1.2.3 Germany: Air Management System Market, by Platform
10.1.1.3 Italy: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Air Management System Market, By Component
10.1.1.3.2 Italy: Air Management System Market, by System
10.1.1.3.3 Italy: Air Management System Market, by Platform
10.1.1.4 UK: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Air Management System Market, By Component
10.1.1.4.2 UK: Air Management System Market, by System
10.1.1.4.3 UK: Air Management System Market, by Platform
10.1.1.5 Russia: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Air Management System Market, By Component
10.1.1.5.2 Russia: Air Management System Market, by System
10.1.1.5.3 Russia: Air Management System Market, by Platform
10.1.1.6 Rest of Europe: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Air Management System Market, By Component
10.1.1.6.2 Rest of Europe: Air Management System Market, by System
10.1.1.6.3 Rest of Europe: Air Management System Market, by Platform
11. Impact Of COVID-19 Pandemic on Europe Air Management System Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. COMPANY PROFILES
13.1 Parker Hannifin Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Honeywell International Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Diehl Stiftung & Co. KG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Collins Aerospace
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Liebherr-International Deutschland GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Meggitt PLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Safran Electronics & Defense
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SHIMADZU CORPORATION
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 AMETEK Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 BOYD Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Air Management System Market: Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Europe: Air Management System Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Air Management System Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Air Management System Market, by System – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Air Management System Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Air Management System Market Segmentation
Figure 2. Europe Air Management System Market Segmentation – By Country
Figure 3. Europe Air Management System Market Overview
Figure 4. Air Cycle Machines Held The Highest Share In Europe Air Management System Market In 2020
Figure 5. Thermal Management Systems Held the Highest Share in Europe Air Management System Market in 2020
Figure 6. Fixed Wing Held the Highest Share in Europe Air Management System Market in 2020
Figure 7. Europe Air Management System Market, by Country
Figure 8. Air Management System Market– Porter’s Analysis
Figure 9. Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Aircraft Delivery by Airbus and Boeing in 2019, 2020, and 2021
Figure 12. Europe Air Management System Market: Impact Analysis of Drivers and Restraints
Figure 13. Europe Air Management System Market Forecast and Analysis, (US$ Mn)
Figure 14. Europe Air Management System Market Revenue Share, by Component (2020 and 2028)
Figure 15. Europe On-board Oxygen Generation System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Europe Sensors: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Europe Condenser & Evaporator: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Europe Air Cycle Machines: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Europe Control & Monitoring Electronics Units: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Europe Others: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Europe Air Management System Market Revenue Share, by System (2020 and 2028)
Figure 22. Europe Thermal Management System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Europe Ice Protection System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Europe Cabin Pressure Control System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Europe Fuel Tank Inerting System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Europe Oxygen System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Europe Engine Bleed Air System: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Europe Air Management System Market Revenue Share, by Platform (2020 and 2028)
Figure 29. Europe Fixed Wing: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Europe Rotary Wing: Air Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Europe: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Air Management System Market Revenue Share, by Key Country (2020 & 2028)
Figure 33. France: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Germany: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. UK: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Air Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
- Shimadzu Corporation
- Europe- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe air management system market
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- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the air management system market, as well as those hindering it
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