Innovations in aerospace technologies witness constant growth. Air management systems involve many components such as oxygen systems, multiple sensors, evaporators & condensers, air cycle machines, electronic units for control & monitoring, and other components. The adoption of smart sensors for different air management operations, such as across HVAC systems, to provide more enhanced, optimized, and premium services to the passengers and crew members is one of the market's key trends. Moreover, the adoption of smart sensors in air management systems is soaring due to the rising electrification of aircraft components, including aircraft on-board environment control systems and monitoring systems. In addition, the digitization of thermal management techniques for heat transfer applications is another major trend of the air management system market.
Furthermore, the introduction of all-electric and more electric aircraft is another trend demanding more installations for air management system components. It is expected to aid the market growth during the near future. Some of the airliners have already ordered electric aircraft to retain their flight services for different operations such as air cargo and passenger transport. With the rising demand for charted aviation and the increase in the uptake of electric aircraft for zero-emission tourism experiences, the SAM electric aircraft fleet is rising at a healthy pace.
In 2020, Brazil had the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others across this region. SAM's governments 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM air management system market. The SAM air management system market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 531.82 Million |
| Market Size by 2028 | US$ 700.81 Million |
| CAGR (2021 - 2028) | 4.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Air Management System Market is valued at US$ 531.82 Million in 2021, it is projected to reach US$ 700.81 Million by 2028.
As per our report South America Air Management System Market, the market size is valued at US$ 531.82 Million in 2021, projecting it to reach US$ 700.81 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The South America Air Management System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Air Management System Market report:
The South America Air Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Air Management System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Air Management System Market value chain can benefit from the information contained in a comprehensive market report.
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