Aircraft Ignition System Market Forecasts to 2028 – Global Analysis By Type (Electronic, Magneto and Other Types), Engine (Turbine Engine, Reciprocating Engines and Other Engines), Component (Exciters, Igniters, Spark Plugs, Leads and Other Components), E

Aircraft Ignition System Market Forecasts to 2028 – Global Analysis By Type (Electronic, Magneto and Other Types), Engine (Turbine Engine, Reciprocating Engines and Other Engines), Component (Exciters, Igniters, Spark Plugs, Leads and Other Components), End User (Aftermarket, OEM and Other End Users) and By Geography

According to Stratistics MRC, the Global Aircraft Ignition System Market is accounted for $433.75 million in 2022 and is expected to reach $665.67 million by 2028 growing at a CAGR of 7.4% during the forecast period. The aircraft ignition system is used to generate spark to burn-up the fuel or air mixture in the cylinder. The burning of this mixture in the cylinders produces the motive force. This enables the proper consumption of the fuel/air mixture inside the combustion chamber. High energy electronic ignition systems are being used nowadays for the purpose of reciprocating aircraft engines. The system plays an integral part of aircraft engines as it creates and supplies electrical sparks to ignite the fuel-air mixture.

According to CAPA – Centre for Aviation, Airbus and Boeing are expected to deliver around 1,000 commercial aircraft; Asia Pacific will require 17,620 new passenger and freighter aircraft. Nearly 30% of these will replace older less fuel efficient models due to the retirement of older less fuel efficient aircraft.

Market Dynamics:

Driver:

Rise in technological advancements

The technology is getting updated rapidly to attract the customers and to raise the sales. The possibilities of a low?voltage ultra?high frequency installation to avoid radio interference are updated in aircraft ignition system. Advancements set a new benchmark in terms of performance, efficiency, etc. This development increases the number of aircraft and overcomes the problem. This gains power, fuel efficiency and reliability which are fuelling the market demand.

Restraint:

Low cranking

The ignition system sometimes has starting problem due to low cranking speed. It causes due to a degraded or defective battery, faulty electrical connection or a charging system problem which needs to replace the starter. This leads to false and inaccurate readings and weakens the battery. It requires additional cost and efforts. This increases the consumer’s costs and therefore hindering the growth of the market.

Opportunity:

High adoption of electronic ignition systems

The high adoption of electronic ignition systems increases the investments and number of aircraft deliveries. This creates development of new aircraft models and use of miniaturized ignition systems. This provides a consistent, high voltage spark throughout the life of the engine and fewer misfires. New models are fuel efficient and environmentally friendly which got good hype and therefore propelling the growth of the market.

Threat:

Framework of the system

Stringent aircraft system design regulations, high weight and design complexity are associated with the electronic aircraft ignition system. Adoption of magneto ignition system has also been decreased. The mixture of air & fuel in combustion chamber also needs to be ignited at correct time which affects the combustion efficiency. All these aspects are hampering the demand in the market.

Covid-19 Impact

The COVID-19 pandemic disrupted the economy of all countries and the aircraft ignition system market in the region. All regions witnessed a significant decline in air transportation since the beginning of the pandemic. Production facilities have witnessed severe conditions in aircraft and ignition system facilities. Major manufacturing facilities were shut temporarily for a longer period. Due to this, several airlines are ordering newer aircraft models, which are expected to catalyze aircraft ignition system market growth.

The aftermarket segment is expected to be the largest during the forecast period

The aftermarket segment is estimated to have a lucrative growth, due to substitution of parts and maintenance services for installed components. It provides spare parts to its customers. It was segmented into parts and services. It generates opportunity for overhaul replacement in the aircraft ignition system. The components such as ignitors, exciters, spark plugs, capacitors etc will be replaced during maintenance services which are fuelling the market demand.

The turbine engine segment is expected to have the highest CAGR during the forecast period

The turbine engine segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its low maintenance cost and high performance. It has less vibration and has far fewer moving parts. It provides cheaper power, better-quality grid and cleaner power with lower emissions. It avails fuel efficiency and continues steam expansion which is propelling the growth of the market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the large presence of commercial aircrafts manufacturers. The increasing air traffic in the region is raising the number of aircraft deliveries. The growing middle-class population, urbanization, increase in disposable income of people and rise in demand for commercial aviation in the region are driving the growth of the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the rise in the demand for commercial aircraft across the region. This region has one of the world’s leading aviation sectors. It has the presence of major engine manufacturers. These companies are expanding their product portfolios with the good geographic presence. The high demand for aircraft components in this region is fuelling the market demand.

Key players in the market

Some of the key players profiled in the Aircraft Ignition System Market include Sky Dynamics Corporation, Electroair Acquisition Corporation, Unison LLC, Woodward Inc, Generation 3 Ignition, SureFly Partners LTD, Tempest Aero Group LLC, Meggitt PLC, Moog Inc, TransDigm Inc, Air Power Inc, Continental Aerospace Technologies Inc, FADEC International LLC, Delta Air Line, Kelly Aerospace Inc, Champion Aerospace Inc, PBS Group AS, Alco Corporation, Alaska Airlines

Key Developments:

In August 2022, Alaska Airlines announced to launch an electronic bag tag program. The electronic bag tags will allow guests to skip the step of printing traditional bag tags upon arrival at the airport. It will reduce the time guests spend dropping-off checked luggage by 40%.

In July 2022, Delta Air Lines announced that they had ordered CFM International LEAP-1B engines to power the new fleet of Boeing 737 aircraft. The order also included spare engines and an option to purchase around 60 additional engines.

Types Covered:
• Electronic
• Magneto
• Other Types

Engines Covered:
• Turbine Engines
• Reciprocating Engines
• Other Engines

Components Covered:
• Exciters
• Igniters
• Spark Plugs
• Leads
• Other Components

End Users Covered:
• Aftermarket
• OEM
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements