Aircraft Environmental Control Systems Market – Current Scenario, Comprehensive Analysis, Top Companies, Key Driven Factors and Forecasting Research Report 2023
The global aircraft environmental control systems market is expected register a decent growth over the forecast period. This was stated by Market Research Future (MRFR) in a published report, wherein it predicted the global market to garner a CAGR of 4.50% during the forecast period of 2018 to 2023. Rapid paced advancements in the technological landscape of this field is expected to massively fuel the demand for the aircraft environmental control systems market. However, the existing backlogs in aircraft deliveries can be a major threat to the overall growth of the market in the near future.
Nonetheless, factors like the increasing production volume of commercial aircrafts like A350, B787, B737, and A320, the influx of new aircrafts like C919 and E-2 jets, and the booming electric content in aircrafts are pushing the growth of the aircraft environmental control system market. The combination of these factors is expected to not only aid the growth of the market, but it is also anticipated to enhance the efficiency level of the field.
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Market Segmentation:
The global aircraft environmental control systems market has been segmented in terms of system, end-user, and component.
By system, the market segments into temperature control systems, air conditioning system, and aircraft pressurization systems. The air conditioning system segment holds the highest share in the global market. It was reported that the segment is expected to grow even further in the coming years. The growing demand for air conditioning system is due to the expanding number of airports and cost-effective air transport. The temperature control system and aircraft pressurization systems segments are both projected to grow during the forecast period with the fastest CAGR.
By component, the market includes pressure regulator, heat exchanger, temperature regulator, and water separator. The heat exchanger segment accounts for the largest share in the market. While the pressure regulator segment is anticipated to grow with the fastest pace.
By end-user, the market divides into commercial and defense. The market is spearheaded by the commercial segment with the highest share under its name. The defense segment is, however, expected to be the fastest growing in the global market.
Regional Analysis:
The geographical segmentation of the global aircraft environmental control system covers the following regions: Asia Pacific, North America, Europe, Middle East & Africa, and Latin America.
The North American region accounted for the highest share of the global aircraft environmental control systems market. The region is growing at a considerable pace and is projected to continue leading the market by the end of the forecast period. The growth of the region can be attributed to the heightening demand for single-aisle aircraft. This is primarily because single-aisle aircrafts are fuel-efficient and are well-equipped with new technologies based on More Electric Architecture (MEA).
Elsewhere, the Asia Pacific region is positioned in the aircraft environmental control system market as the fastest growing of the lot. The region is expected to showcase considerable growth and make a mark in the global landscape. The European and Latin American regional market are two other key geographies that contribute immensely to the overall growth of the market. The major reason driving the growth of both these regions is the proliferating air passenger traffic noticed herein.
Competitive Landscape:
The global aircraft environmental control systems market includes a host of key players. Some of them are mentioned in the report published by MRFR. These are: United Technologies Corporation (U.S.), Curtiss-Wright Corporation (U.S.), Meggitt PLC (U.K.), Jormac Aerospace (U.S.), Liebherr-International AG (Switzerland), Mecaer Aviation Group (Italy), Honeywell International (U.S.), Aero Space Controls Corporation (U.S.), Fimac Spa (Italy), Air Innovations (U.S.), and others.
June 2019, Collins Aerospace Systems, one of the units of United Technologies, was chosen by Lockheed Martin to offer the Environmental Control Systems (ECS), ailerons, flaps, and rudder for the latters’ X-59 Quiet Supersonic Technology (QueSST) aircraft.
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