South America Aircraft Ignition System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Electric Ignition and Magneto Ignition), Component (Ignition Leads, Igniters, Spark Plugs, Exciters, and Others), and Engine Type (Turboprop Engine, Turbofan Engine, Turbojet Engine, and Piston Engine)

BMIRE00028085 | Pages: 92 | Aerospace and Defense | Feb 2023 | Type: Regional | Status: Published

The South America aircraft ignition system market is expected to grow from US$ 24.18 million in 2022 to US$ 27.97 million by 2028. It is estimated to grow at a CAGR of 2.5% from 2022 to 2028.

Product Development and Expansion of Distribution Channels is Fueling the South America Aircraft Ignition System Market

The aviation industry is transforming by adding new and innovative products to its portfolio. Stakeholders across the aviation industry continuously invest in the R&D to introduce robust solutions for simplifying industrial operations. Aircraft engine manufacturers are developing next-generation, fuel-efficient engines along with advanced and compatible digital ignition systems and can improve the overall aircraft performance. In July 2019, Lycoming Engines introduced the Lycoming Electronic Ignition System (EIS). The system is the replacement for magnetos, providing easy installation; engine start ability; and improved safety, durability, and performance. The demand for ignition systems is increasing as the market vendors are also expanding their distribution channels. A few of the product developments and partnerships regarding the expansion of distribution channels haven taken place in recent years. For instance, In July 2022, Champion Aerospace announced an exclusive distribution agreement with S3 AeroDefense. Under this agreement, S3 AeroDefense will be the distributor of their Turbine Ignition line of products. Thus, the development of ignition systems, expansion of distribution channels, and high investment from manufacturers across the region are projected to drive the growth of aircraft ignition system market.   

 

South America Aircraft Ignition System Market Overview

 

The South America aircraft ignition system market is bifurcated into Brazil and the Rest of South America. Embraer, a prominent aircraft manufacturer, is headquartered in Brazil. Over the years, the company has increased its production of several aircraft models such as E170, E175, E190, E195, E190-E2, and E195-E2. According to the company’s order book as of Q2 2022, it has delivered 1,688 aircraft out of the order received for the delivery of 2,000. With such orders, the need for engine components, such as cylinders, vacuum pumps, carburetors, and ignition systems, is also on the rise in the region. Several engine MRO service providers are operating in South America; a few of these include GKN Aerospace Services Limited, Drayton Aerospace, and MTU Aero Engines AG. MTU Aero Engines AG in November 2022 signed a contract with Gulf Air to offer MRO services for its A321ceo fleet’s V2500 Engines. Such strategic initiatives by these companies to expand their geographic reach and bolster their clientele are further expected to add to the demand for aircraft parts, including engines and their subparts. thereby contributing to the growth of the South America aircraft ignition system market.

 

South America Aircraft Ignition System Market Revenue and Forecast to 2028 (US$ Million)

South America Aircraft Ignition System Market Revenue and Forecast to 2028 (US$ Million)

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South America Aircraft Ignition System Market Segmentation       

 

The South America aircraft ignition system market is segmented based on component, type, engine type, and country.

 

Based on component, the South America aircraft ignition system market is segmented into ignition leads, igniters, spark plugs, exciters, and others. The spark plugs segment held the largest market share in 2022.

 

Based on type, the South America aircraft ignition system market is bifurcated into electric ignition and magneto ignition. The electric ignition segment held a larger market share in 2022.

 

Based on engine type, the South America aircraft ignition system market is segmented into turboprop engine, turbofan engine, turbojet engine, and piston engine. The turbofan engine segment held the largest market share in 2022.

 

Based on country, the South America aircraft ignition system market has been categorized into Brazil and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.

 

Champion Aerospace Inc, Continental Aerospace Technologies Inc, Kelly Aerospace Inc, Sonex LLC, Surefly Partners Ltd, and Tempest Aero Group LLC are the leading companies operating in the South America aircraft ignition system market. 

1.           Introduction

1.1         Study Scope

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.           South America Aircraft Ignition System Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces 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.           South America Aircraft Ignition System Market - Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Aircraft Production

5.1.2        Growing Adoption of Fully Authority Digital Engine Control (FADEC) systems

5.2         Market Restraints

5.2.1        Discontinuation of Quadjet Production

5.3         Market Opportunities

5.3.1        Future Engine Orders to Propel Ignition System Demand

5.4         Future Trends

5.4.1        Product Development and Expansion of Distribution Channels

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Ignition System Market – South America Analysis

6.1         South America Aircraft Ignition System Market Forecast and Analysis

7.           South America Aircraft Ignition System Market Analysis – By Component

7.1         Overview

7.2         South America Aircraft Ignition System Market, by Component (2021 & 2028)

7.3         Ignition Leads

7.3.1        Overview

7.3.2        Ignition Leads: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Igniters

7.4.1        Overview

7.4.2        Igniters: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Spark Plugs

7.5.1        Overview

7.5.2        Spark Plugs: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Exciters

7.6.1        Overview

7.6.2        Exciters: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

8.           South America Aircraft Ignition System Market Analysis – By Type

8.1         Overview

8.2         South America Aircraft Ignition System Market, by Type (2021 & 2028)

8.3         Electric Ignition

8.3.1        Overview

8.3.2        Electric Ignition: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Magneto Ignition

8.4.1        Overview

8.4.2        Magneto Ignition: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

9.           South America Aircraft Ignition System Market Analysis – By Engine Type

9.1         Overview

9.2         South America Aircraft Ignition System Market, by Engine Type (2021 & 2028)

9.3         Turboprop Engine

9.3.1        Overview

9.3.2        Turboprop Engine: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Turbofan Engine

9.4.1        Overview

9.4.2        Turbofan Engine: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Turbojet Engine

9.5.1        Overview

9.5.2        Turbojet Engine: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Piston Engine

9.6.1        Overview

9.6.2        Piston Engine: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

10.        South America Aircraft Ignition System Market – Country Analysis

10.1      Overview

10.1.1     South America: Aircraft Ignition System Market, by Key Country

10.1.1.1       Brazil: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Brazil: Aircraft Ignition System Market, by Type

10.1.1.1.2       Brazil: Aircraft Ignition System Market, by Component

10.1.1.1.3       Brazil: Aircraft Ignition System Market, by Engine Type

10.1.2     Rest of South America: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.2.1.1       Rest of South America: Aircraft Ignition System Market, by Type

10.1.2.1.2       Rest of South America: Aircraft Ignition System Market, by Component

10.1.2.1.3       Rest of South America: Aircraft Ignition System Market, by Engine Type

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        COMPANY PROFILES

12.1      Sonex LLC

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Champion Aerospace Inc

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Tempest Aero Group LLC

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Surefly Partners Ltd

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Kelly Aerospace Inc

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Continental Aerospace Technologies Inc

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

LIST OF TABLES

Table 1.             South America Aircraft Ignition System Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             Brazil: Aircraft Ignition System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil: Aircraft Ignition System Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Brazil: Aircraft Ignition System Market, by Engine Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Rest of South America: Aircraft Ignition System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Rest of South America: Aircraft Ignition System Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of South America: Aircraft Ignition System Market, by Engine Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           South America Aircraft Ignition System Market Segmentation

Figure 2.           South America Aircraft Ignition System Market Segmentation – Country

Figure 3.           South America Aircraft Ignition System Market Overview

Figure 4.           South America Aircraft Ignition System Market, by Component

Figure 5.           South America Aircraft Ignition System Market, by Country

Figure 6.           Porter’s Five Forces Analysis

Figure 7.           South America Aircraft Ignition System Market: Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           South America Aircraft Ignition System Market: Impact Analysis of Drivers and Restraints

Figure 10.        South America Aircraft Ignition System Market, Forecast and Analysis (US$ Million)

Figure 11.        South America Aircraft Ignition System Market Revenue Share, by Component (2021 & 2028)

Figure 12.        Ignition Leads: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Igniters: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Spark Plugs: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Exciters: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Others: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        South America Aircraft Ignition System Market Revenue Share, by Type (2021 & 2028)

Figure 18.        Electric Ignition: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Magneto Ignition: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        South America Aircraft Ignition System Market Revenue Share, by Engine Type (2021 & 2028)

Figure 21.        Turboprop Engine: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Turbofan Engine: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Turbojet Engine: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Piston Engine: South America Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        South America: Aircraft Ignition System Market, by Key Country – Revenue (2021) (US$ ‘Million)

Figure 26.        South America: Aircraft Ignition System Market Revenue Share, by Key Country (2021 & 2028)

Figure 27.        Brazil: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Rest of South America: Aircraft Ignition System Market – Revenue and Forecast to 2028 (US$ Million) 

  1. Champion Aerospace Inc
  2. Continental Aerospace Technologies Inc
  3. Kelly Aerospace Inc
  4. Sonex LLC  
  5. Surefly Partners Ltd
  6. Tempest Aero Group LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America aircraft ignition system market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South America aircraft ignition system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South America market trends and outlook coupled with the factors driving the aircraft ignition system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

 

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