Market NEWS: The aircraft oxygen systems (AOS) market is projected to reach USD 4.47 Billion by 2020, at a CAGR of 6.33% from 2015 to 2020
The
report "Aircraft Oxygen System
Market by System (Passenger Oxygen System, Crew Oxygen System,) Component
(Oxygen Storage, Oxygen Delivery, Oxygen Mask), Mechanism (Chemical Oxygen Generator,
Compressed Oxygen System), Technology and Geography - Global Forecast to 2020",.
Factors such as easy availability of smaller robust components, growth in the
line fit market, and increase in in passenger traffic worldwide will drive the
growth of the AOS market.
Browse 91 market data Tables and 61
Figures spread through 144 Pages and in-depth TOC on "Commercial Aircraft
Oxygen System Market - Global Forecast to 2020"
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Europe
is one of the leading regions in the aircraft oxygen systems market,
considering the advancements made in the civil aviation sector. It has
commanded 20% of the existing aircraft fleet globally, which has opened
opportunities for the retrofit market in this region. Also, this region is a
leading manufacturer of aircraft, such as Airbus and ATR, which has further led
to the rise in demand for aircraft oxygen systems.
The
line fit assembly market is very limited in the Asia-Pacific and the Middle
East regions due to non-existence of aircraft manufacturers. The oxygen
delivery systems have negligible market share in these regions as these systems
are installed during the aircraft manufacturing process. The North American and
the European regions accounted for a larger share in the aircraft oxygen systems
market.
The
market for lavatory oxygen systems is expected to witness the highest growth
during the forecast period.
A
lavatory oxygen system provides oxygen to passengers occupying the aircraft
lavatory during a cabin depressurization event. Recent lavatory oxygen systems
are designed to match the descent profiles of oxygen generators that were
previously installed in aircraft lavatories. In 2011, in a security-related
decision, the FAA ordered aircraft operators to remove or disable the existing lavatory
oxygen systems. However, in 2013, the FAA revised these regulations and
mandated each aircraft type to install lavatory oxygen systems in aircraft lavatories
for passenger safety.
Key players operating in the aircraft
oxygen systems market include B/E Aerospace (U.S.), Zodiac Aerospace S.A.
(France), Cobham plc (U.K.), and Technodinamika (Russia).
The
forecast of the size of the aircraft oxygen systems market for 2020 is
determined by extensive primary and secondary research and integration of
inputs on the key drivers and trends in this market. The market scope covers
the segments and sub segments of the aircraft oxygen systems market, namely,
system, component, mechanism, and technology.
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