Worldwide Sales of Aircraft Oxygen Systems are Projected to Reach US$ 9.8 Billion by 2032
The global market for aircraft oxygen systems accounts for a revenue of US$ 5.36 billion in 2022 and is anticipated to surge to US$ 9.8 billion by 2032. Worldwide sales of aircraft oxygen systems are projected to increase at a CAGR of 6.2% between 2022 and 2032.
An increasing number of people traveling by aircraft has resulted in high demand for aviation oxygen systems, and the market is expected to follow a similar trend across the forecast period (2022-2032).
Get Free Sample Report To Grow Your Profit Margin:
https://www.factmr.com/connectus/sample?flag=S&rep_id=543
Globalization coupled with urbanization has compelled the people to increase their travel activities, thereby fueling the demand for aircraft oxygen system. Lower airfares are also contributing towards rise in number of the passengers going for air travel.
Key Takeaways from Market Study
- North America holds 25% of the overall market share.
- Europe contributes for 20% of the market revenue.
Market Developments
The global Aircraft Oxygen System market is dominated by the seasoned players. It’s tad difficult for new entrants due to heavy investments involved in the sector.
• Caeli Nova is emphasizing on improvement in aviation safety, especially from the healthcare prospects. It has recently closed Series A funding round worth close to US$ 8 million. Ornament Health led this round. LG Capital headed it. The company has come up with Cordillera. It’s one of the advanced aircraft emergency oxygen system not abiding by limitations faced by existing systems.
Share Your Requirements & Get Customized Reports:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=543
Competitive Landscape
Aircraft oxygen system manufacturers are anticipated to focus on collaborations, mergers, and partnerships to expand their business scope and increase their sales potential.
Aircraft oxygen system companies are also expected to focus on defense and military aircraft to maximize their revenue generation capacity.
- In March 2021, Cobham Mission Systems, a leading U.S.-based manufacturer of military aircraft oxygen systems, announced the acquisition of a new contract to deliver oxygen concentrator systems for the complete fleet of US Navy T-45 Goshawk jet trainers. These systems are crucial in delivering optimal oxygen to pilots.
Key Companies Profiled:
- Zodiac Aerospace ADR
- Cobham plc
- Essex Industries Inc.
- Technodinamika JSC
- Precise Flight Inc.
- Diehl Stiftung & Co. KG
- Rockwell Collins Inc.
- Adams Rite Aerospace Inc.
- Aviation Oxygen Systems Inc.
- East/West Industries Inc.
To Expand Your Verticals, Get Full Access of This Report:
https://www.factmr.com/checkout/543
Key Segments Covered in Aircraft Oxygen System Industry Research
- By Technology :
- Chemically-induced System
- Compressed Oxygen System
- By Sales Channel :
- Original Equipment Manufacturers (OEMs)
- Aftermarket
- By Application :
- Passenger Seating Area
- Cabin Crew Area
- Others
- By Aircraft Type :
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Body Aircraft
- Regional Aircraft
Key Questions Covered in the Aircraft Oxygen System Market Report
- What is the projected value of the Aircraft Oxygen System factors Industry in 2022?
- At what rate will the global Aircraft Oxygen System factors market size grow until 2032?
- Which are the factors hampering the growth of Aircraft Oxygen System factors?
- Which region is expected to lead in the global Aircraft Oxygen System factors market By 2032?
- Which are the factors driving the Aircraft Oxygen System factors Industry during the forecast period?
- What is the expected market value of the Aircraft Oxygen System factors market during the forecast period?
Regional Analysis For Aircraft Oxygen System Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
For More Insights of Fact.MR Trending Report:-
https://www.newswire.co.kr/newsRead.php?no=944246
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Subscribe Newsletter for the Latest Updates
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
Xherald
