Aircraft Air Conditioning Systems market will be USD 180.8 billion in 2023 and will grow at a CAGR of 24.50% from 2023-2030: Cognitive Market Research
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Introduction of The?Aircraft Air Conditioning Systems Market
Aircraft air conditioning systems regulate cabin temperature, humidity, and air quality. They utilize compressors, evaporators, and fans to cool and circulate conditioned air. The rising demand for air travel and passengers, growing airline fleets worldwide, technological innovations in air conditioning systems, strict regulations, improvement of fuel efficiency, increasingly prioritizing passenger comfort and experience, increased aircraft retrofitting activities, economic growth globally, and long term purchase agreements are the major factors bolstering the growth of the Aircraft Air Conditioning Systems market.
For instance, in February 2019, Safran signed a contract with AVIC to provide the main and auxiliary electrical generation system for MA700, a regional turboprop aircraft.
Key Insights from Aircraft Air Conditioning Systems Market Report 2024
The Global Aircraft Air Conditioning Systems market will be USD 180.8 billion in 2023 and will grow at a CAGR of 24.50% from 2023 to 2030.
Increasing Number of Commercial Aircraft to Provide Viable Market Output
The aircraft air conditioning systems market is experiencing growth due to the number of commercial aircraft. The number of passengers opting for air travel has led to a surge in commercial aircraft production, necessitating advanced and efficient air conditioning systems. As airlines expand their fleets to cater to growing travel needs, manufacturers focus on developing innovative air conditioning solutions to enhance passenger comfort and ensure optimal cabin conditions. This trend is propelled by the rising global travel industry, economic growth, and a growing middle-class population, collectively contributing to the sustained growth of the aircraft air conditioning systems market.
For instance 2019, in the US, there were approximately 7,628 aircraft in commercial aircraft fleets, and about 889 million passengers were carried by air transport in 2018. Thus, the rising number of airline passengers in the country is further propelling the market growth in the NA region.?
The increasing power generation influences the growth of the market. As aircraft systems become more sophisticated, there is a growing need for robust air conditioning systems that can effectively manage increased power loads. It is further fueled by technological advancements in aviation, such as the electrification of aircraft systems and the integration of advanced avionics, which necessitate more powerful and efficient air conditioning systems to ensure optimal performance and passenger comfort. The market is responding to these demands by developing innovative solutions that enhance power generation capabilities while maintaining high reliability and energy efficiency standards.
For instance, in April 2018, AMETEK signed an agreement with AAR to provide power distribution units, starter generators, generator control units, and primary and secondary power distribution for commercial aircraft, regional transport aircraft, and helicopter markets.
Market Dynamics of the?Aircraft Air Conditioning Systems
The Aircraft Air Conditioning Systems market faces a challenge due to the long certification process. The stringent regulatory requirements imposed by aviation authorities demand extensive testing and validation, leading to extended timelines for product approval. This extended certification process poses challenges for manufacturers, delaying the introduction of new air conditioning systems to the market. The protracted duration increases development costs and hinders the industry's ability to adapt to technological advancements swiftly. Consequently, the prolonged certification process hinders innovation and market responsiveness within the global aircraft air conditioning systems sector.
Impact of COVID-19 on the?Aircraft Air Conditioning Systems Market
The Aircraft Air Conditioning Systems market experienced the impact of COVID-19 disruptions. With air travel restrictions, fleet groundings, and reduced passenger demand, the aviation industry experienced a downturn. It directly impacted the demand for aircraft air conditioning systems as manufacturers faced disruptions in production and supply chains. Airlines and aircraft operators deferred or cancelled orders, leading to a decline in market growth. The industry witnessed financial strains, and recovery depended on the pace of the revival of the aviation sector. Adapting to new hygiene and safety standards became crucial for air conditioning system providers to instil confidence in passengers and ensure a resilient market rebound.
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Top Companies Market Share in Aircraft Air Conditioning Systems Market Report 2024 Industry:
Competitive Landscape of the?Aircraft Air Conditioning Systems Market
The increasing power generation influences the growth of the market. As aircraft systems become more sophisticated, there is a growing need for robust air conditioning systems that can effectively manage increased power loads. It is further fueled by technological advancements in aviation, such as the electrification of aircraft systems and the integration of advanced avionics, which necessitate more powerful and efficient air conditioning systems to ensure optimal performance and passenger comfort. The market is responding to these demands by developing innovative solutions that enhance power generation capabilities while maintaining high reliability and energy efficiency standards.
Aircraft Air Conditioning Systems Industry News
Aircraft Air Conditioning Systems Market Report 2024 Analysis
Type Segment Analysis:
According to Cognitive Market Research, air cycle air conditioning systems held a prominent share in the market over the forecasted period. They operate by utilizing compressed air to cool and regulate the temperature inside the aircraft. Air Cycle systems are lighter and suitable for smaller aircraft.
Vapour cycle air conditioning systems are the fastest-growing category over the projected period. They rely on the principles of phase change, using a refrigerant to take and release heat for effective temperature control. Vapour Cycle systems are commonly employed in larger aircraft for their efficiency and versatility in managing temperature variations during flight.
Application Segment Analysis:
According to Cognitive Market Research, airliners hold a prominent market share. Airliners, representing commercial aviation, demand sophisticated and high-capacity air conditioning systems to ensure passenger comfort and safety. They are designed to meet the stringent requirements of large-scale commercial aircraft.
General aviation is the fastest-growing category. General aviation, covering a range of smaller private and recreational aircraft, relies on air conditioning systems tailored for smaller cabins. General Aviation systems prioritize adaptability to varying aircraft sizes and usage scenarios.
Component Segment Analysis:
According to Cognitive Market Research, compressors hold a prominent market share. It plays a crucial role in pressurizing and circulating refrigerant within the system, maintaining optimal temperature conditions in the aircraft cabin.
Condensers are the fastest-growing category. They facilitate heat exchange by converting the refrigerant from a gas to a liquid state. Together, these components form the core of the air conditioning system, ensuring the efficient cooling of the aircraft interior.
System Segment Analysis:
According to Cognitive Market Research, integrated hold a prominent market share. These systems seamlessly incorporate air conditioning functionalities into the overall aircraft design, optimizing space and weight. These systems are preferred for their efficiency and streamlined integration.
Packaged is the fastest-growing category. They are standalone units with dedicated components, offering flexibility and ease of maintenance. The market's segmentation reflects the industry's commitment to providing diverse solutions catering to aircraft types and operational requirements.
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Installation Segment Analysis:
According to Cognitive Market Research, line-fit holds a prominent market share. They refer to systems integrated during the initial manufacturing of an aircraft, ensuring compatibility with the original design. This segment caters to the demand for air conditioning systems in newly produced aircraft.
Retrofit is the fastest-growing category. It involves upgrading or adding air conditioning systems to existing aircraft post-manufacturing. The retrofit segment addresses the need to modernize older aircraft with advanced climate control technologies.
End-user Segment Analysis:
According to Cognitive Market Research, OEMs hold a prominent market share. They are crucial in installing air conditioning systems during aircraft manufacturing, ensuring safety and performance standards compliance.
MROs are the fastest-growing category. They are vital in maintaining and repairing these systems throughout the aircraft's operational life, ensuring optimal functionality and adherence to regulatory requirements.
In terms of revenue, the North America?Aircraft Air Conditioning Systems Market share was 40% of the total market
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's prominent aerospace industry. The United States, as a major contributor, houses key market players and research facilities, fostering technological advancements. Stringent regulatory standards and a focus on energy-efficient systems drive innovation. Major airlines and a growing commercial and military aircraft fleet contribute to the market's expansion. Moreover, increasing air travel demand, advancements in avionics, and the emphasis on passenger comfort further fuel the market's growth in North America, making it a pivotal region for developing and adopting aircraft air conditioning systems.
Europe is the fastest-growing category due to its increasing air travel demand and stringent environmental regulations. Major regional players focus on technological advancements to enhance energy efficiency and reduce emissions. The European market benefits from a strong aviation industry and a commitment to sustainability, encouraging the adoption of eco-friendly air conditioning solutions. Collaborations between key industry players and regulatory bodies further propel market growth. The region's emphasis on passenger comfort, safety, and environmental responsibility positions it as a significant contributor to the global aircraft air conditioning systems market, with continuous innovation and adherence to high standards setting it apart.
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