The environmental control systems market is estimated to grow from USD 3.27 Billion in 2016 to USD 4.22 Billion by 2022, at a CAGR of 4.34% from 2016 to 2022. Technological advancements in environmental control systems and growth in air traffic are the major factors driving the environmental control systems market and technological advancements.
On the basis of system, the thermal management & control system segment is estimated to lead the environmental control systems market during the forecast period. The growing demand for these systems can be attributed to the increasing amount of heat loads from various avionics functionality, environmental control system architectures, and high-temperature sensitivity of composite material systems as compared to the traditional metallic designs.
Among end users, the defense segment of the environmental control systems market is projected to grow at the highest CAGR during the forecast period. The growth of the defense segment of the environmental control systems can be attributed to huge investments being made by the U.S. defense to improve their battlefield capabilities.
The environmental control systems market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This growth of the environmental control systems market in Asia-Pacific is driven by the increasing air passenger traffic in the region. Increase in disposable income of people and growth in air passenger traffic have resulted in the rise in demand for new aircraft in the region, which, in turn, is fueling the demand for environmental control systems.
aircraft type, the air data systems market has been segmented into narrow body, wide body, very large body, general aviation, regional transport, rotary wing, military transport, fighter jet, and UAV. The narrow body aircraft segment dominated the market in 2016 and is expected to continue its dominance during the forecast period as well. According to Boeing’s Current Market Outlook 2016, the global fleet size of narrow body aircraft is 14,870, which is anticipated to reach 32,280 aircraft by 2035. Asia and North America have the largest fleet of narrow body aircraft, with 4,540 and 4,010 aircraft respectively. Increase in demand for narrow body aircraft globally is driving the market.
Stagnant product lifecycle is a major restraint for growth of the environmental control systems market. The lifecycle of environmental control systems is 15-20 years; these systems are upgraded post the mentioned timeframe. Therefore, the market is expected to remain stagnant, in terms of technology for a long time. The environmental control systems market is also broadly dependent on the new line of aircraft that are yet to be manufactured.
Several major players are present in the environmental control systems market. Some of these players are Liebherr-International AG (Switzerland), Honeywell International, Inc. (U.S.), Curtiss-Wright Corporation (U.S.), Meggitt, PLC. (U.K.), and United Technologies Corporation (U.S.), among others. Liebherr-International AG (Switzerland) is one of the top companies in the environmental control systems market. The company has been focusing on securing government contracts to grow in the environmental control systems market. It also has a diverse product portfolio, and invests heavily in research and development.
Discount on report - Environmental Control Systems
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USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
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