Commercial Aviation companies are expected to have a bright future following decline in fuel prices and rise in per capita income of people in emerging economies. However, as fuel prices exhibit volatility, optimizing resources ....see more
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.
The ice protection systems market is estimated to be USD 7.91 Billion in 2016, and is projected to reach USD 10.17 Billion by 2021, at a CAGR of 5.14% from 2016 to 2021. The study on ice protection systems market aims to analyze the ice protection systems market as well as define, describe, and forecast the market on the basis of application, technology, platform, type, and region. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.
The air data systems market is projected to grow from USD 579.7 Million in 2016 to USD 762.9 Million by 2021, at a CAGR of 5.65% during the forecast period. Rise in the number of aircraft orders & deliveries and growing demand for large military UAVs are key factors expected to drive the growth of the air data systems market. The market has been segmented on the basis of aircraft type, component, end user, and region.
The enhanced vision systems market is expected to grow from USD 202.7 Million in 2016 to USD 250.4 Million by 2021, at a CAGR of 4.32% during the forecast period. Aircraft safety, situational awareness, and reliable operations at low visibility are factors driving the growth of the enhanced vision systems market. Key players operating in the enhanced vision systems market are Honeywell International, Inc. (U.S.), United Technologies Corporation (U.S.), L-3 Communications Holdings, Inc. (U.S.), Thales Group (France), and Elbit Systems Ltd. (Israel).
The propulsion systems market is projected to grow from USD 244.68 Billion in 2016 to USD 337.78 Billion by 2021, at a CAGR of 6.66% between 2016 and 2021. Increase in the number of space expeditions, high efficiency offered by propulsion systems, technological advancements taking place in propulsion systems, and growing need for long-range missiles are some of the drivers, which are expected to propel the growth of the propulsion systems market across the globe. China, India, Brazil, Russia, and Turkey are the key countries that are expected to witness increased demand for propulsion systems during the forecast period.
The aerospace fasteners market is projected to grow from USD 5.49 Billion in 2016 to USD 7.73 Billion by 2021, at a CAGR of 7.08% between 2016 and 2021. Factors influencing the growth of aerospace fasteners market include increasing aircraft orders along with the increasing passenger traffic across the globe. The number of aircraft has increased due to rise in air traffic.
The flight management systems market is projected to grow from USD 2.31 Billion in 2016 to USD 3.13 Billion by 2021, at a CAGR of 6.23% during the forecast period. Various factors, such as demand for next generation flight management systems and advanced required navigation performance, development of glass cockpits resulting in better operational efficiency, significant growth in airline industry worldwide, and augmented fleet orders globally are expected to drive the flight management systems market. This market has witnessed a substantial growth in recent years.
The airport baggage handling system market is estimated at USD 6.45 billion in 2015. It is projected to grow at a CAGR of 7.72% to reach USD 9.36 billion by 2020. The factors that are expected to fuel the growth of the airport baggage handling system market are the increase in air travel by people all over the world, modernization of airports, enhancement of airports’ efficiency and customer satisfaction, and improvement of aircraft turnaround time, and others. On the other hand, factors, such as complex architecture and high level of initial investment, are restricting the growth of this market. However, an increase in the passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players. Siemens (Germany), Vanderlande Industries (Netherland), Daifuku Company (Japan), Pteris Global (Singapore), Beumer Group (Germany), Grenzebach Maschinenbau (Germany), BCS Group (New Zealand), Logplan (U.S.), G&S Airport Conveyor (U.S.), and Fives Group (France), are some of the major players in the airport baggage handling system market.