North America Air Management System Market

Market Introduction

North America is the largest aerospace market globally, characterized by the presence of various commercial and military aircraft manufacturers and MRO service providers. The North America aerospace industry has flourished due to the high inclination toward adopting new technologies and the presence of skilled workforce, high GDP, favorable economic policies, and high GDP per capita. Boeing, Bombardier, Gulfstream Aerospace, American Champion Aircraft, Cirrus Aircraft, Thrush Aircraft LLC, Northrop Grumman, Piper Aircraft Inc., Textron, and Lockheed Martin are some of the leading aircraft manufacturers operating in the region. These aircraft manufacturers have their various manufacturing facilities in this region and produce noteworthy aircraft models. According to the General Aviation Aircraft Shipment Report, in 2018, 2019, and 2020, the region witnessed 1871, 1917, and 1655 general aviation aircraft fleets deliveries, respectively. Moreover, the US is the largest military spender globally and is known for allocating substantial amounts from the defense budget to procure advanced combat and transport aircraft, which is another factor contributing to the high market share of the air management system in North America. For instance, In May 2021, the US government awarded Lockheed Martin a contract of US$ 14 billion for developing F-16 Fighting Falcon fighter jets for Bahrain, Slovakia, Bulgaria, Taiwan, and Morocco. In June 2020, a US$ 1.2 billion contract was awarded to Boeing to supply eight F-15EX fighter aircraft to the Department of the Air Force, US. Meanwhile, the rising military and commercial air traffic in the region is boosting the demand for MRO services in North America, bolstering the air management system market.

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.   

North America Air Management System Strategic Insights

Strategic insights for the North America Air Management System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Air Management System Report Scope

North America Air Management System Regional Insights

The geographic scope of the North America Air Management System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The air management system market in North America is expected to grow from US$ 1,828.19 million in 2021 to US$ 2,769.96 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. With the reopening of economies and the travel industry pacing up in the region, the demand for aircraft production and deliveries is upsurging. This factor is pointing toward a rise in demand for aircraft air management systems, boosting the air management system market. Also, key market players, such as Collins Aerospace, Honeywell International, and Parker Hannifin, have their headquarters in the region, which is a key factor for the growth of the air management system market.  

Key Market Segments

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.

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 North America 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.         

Reasons to buy report

• To understand the North America air management system market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America air management system market.
• Efficiently plan M&A and partnership deals in North America air management system market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America air management system market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America

North America Air

• On-Board Oxygen Generation System
• Sensors
• Condenser & Evaporator
• Air Cycle Machines
• Control & Monitoring Electronics Units
• Others

North America 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

North America Air Management System Market - By Platform

• Fixed Wing
• Rotary Wing

North America Air Management System Market - By Country

• US
• Canada
• Mexico

North America 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