Europe Air Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (On-Board Oxygen Generation System, Sensors, Condenser & Evaporator, Air Cycle Machines, Control & Monitoring Electronics Units, and Others), System

Europe Air Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (On-Board Oxygen Generation System, Sensors, Condenser & Evaporator, Air Cycle Machines, Control & Monitoring Electronics Units, and Others), System (Thermal Management System, Ice Protection System, Cabin Pressure Control System, Fuel Tank Inerting System, Oxygen System, and Engine Bleed Air System), and Platform (Fixed Wing and Rotary Wing)

The air management system market in Europe is expected to grow from US$ 1,638.85 million in 2021 to US$ 2,665.33 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The procurement of general aviation aircraft is increasing at a rapid pace worldwide. This is due to the rising demand for charter operations for different applications such as business trips, travel & tourism, search & rescue, healthcare emergencies, and personalized trips. Several charter airline operators are expanding their service lines by adding newer routes. Along with this, the growing need for non-scheduled business travel compels them to add new aircraft to their existing fleets, propelling the need for new general aviation models and aiding the demand for air management systems across the aviation industry. For instance, some charter aviation vendors have witnessed a rise in their revenues during the pandemic, i.e., FY 2020. For instance, in 2021, Club One (a chartered air services provider company in India) announced that it had ended 2020 better than 2019 with a 10% increase in business despite the loss during the lockdown period. The company is expected to retain the trend during FY 2021 as well due to the absence of regular international and domestic flight services and preference for safety, health, and hygiene, coupled with the need to adhere to social distancing norms for domestic travel across various countries.

Moreover, some general aviation models have witnessed a healthy rise in deliveries, despite the COVID-19 pandemic. For instance, CE-172S Skyhawk SP witnessed sales of around 241 units in 2020, which was around 126 units of deliveries in 2019. Additionally, single-engine piston airplanes have also witnessed a rise in deliveries during 2020. According to the General Aviation Manufacturer's Association, around 1,155 units of single-engine piston airplanes were delivered during FY 2020 worldwide, which was around 1,111 units of deliveries during 2019. Therefore, new general aviation deliveries are fueling the demand for new installations of air management systems, aiding the market growth.

Based on system, the Europe air management system market is segmented into thermal management system, ice protection system, cabin pressure control system, fuel tank inerting system, oxygen system, and engine bleed air system. In 2020, thermal management system accounted for the largest share in the Europe air management system market. Thermal management system (also known as Environment Control Systems) is designed to control the air conditioning, temperature, and humidity during flight operation in order to ensure safety and comfort. Thermal management is one of the critical requirements for aircraft operation. An aircraft comprises many electrical and electronic components that release a lot of heat and temperature, causing equipment failure, if not maintained properly during a flight operation. One of the major reasons for the higher adoption of composite materials for commercial, military, and general aviation aircraft production is the greater temperature sensitivity they provide. One of the major factors for the dominance of thermal management system is increase in heat loads from expanded electronic functionality and the necessary relevance of aircraft electric system architectures during an aircraft production and flight operation. For instance, the advent of more electric architectures on aircraft, such as the Boeing 787, has led to increased interest in the development of more efficient ATM architectures by the commercial aircraft manufacturers. Furthermore, the introduction of all electric and more electric aircraft models in the aviation industry is one of the major trends that is expected to drive the market for thermal management systems during the near future. Additionally, the increasing adoption of next-gen fighter aircraft and UAVs across the military sector has boosted the deployment of a greater number of electronic components that requires additional cooling systems in order to maintain the system temperature constant for efficient operations. Such factors are aiding the market growth for the thermal management systems segment, according to the market research study.

With the COVID-19 outbreak, the production and sales of air management systems came to a sudden halt in most of Europe. The collapse of the demand side severely impacted the EU aerospace sector, thereby putting the economies in deep crisis and reduced international trade. The air transport sector plays an important role in economic growth and employment in many European countries, which were strongly impacted by supply chain disruptions and technological challenges. The European aerospace industry began to witness airspace inefficiencies, activity delays, and a declining number of flights with the initial spread of COVID-19 in the region. The global passenger volume contracted by 60.5%, and the total cost of infrastructure declined by 45.4% in 2020. This reduced demand has severely impacted the regional aviation market and affected the aircraft component manufacturers, including air management systems vendors, in building and maintaining airliners, parts suppliers, and catering. The Europe aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services.

However, Airbus—the European aircraft manufacturing giant—foresees faster recovery of the aviation industry and aircraft manufacturing. According to Airbus, the global and European aviation industry is expected to reach pre-COVID levels between 2023 and 2025. The European general aviation industry is expected to surpass its pre-COVID levels by 2022. However, according to a market research study, the European air management system market has witnessed a decline of nearly 31% in 2020, which is expected to come back to 2019 levels by the end of Q2 2026.

The Europe air management system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe air management system market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe air management system market. AMETEK Inc., BOYD Corporation, Collins Aerospace, Diehl Stiftung & Co. KG, Honeywell International Inc., Liebherr-International Deutschland GmbH, Meggitt PLC, Parker Hannifin Corporation, Safran Electronics & Defense, and Shimadzu Corporation are among the key players operating in the air management system market in the region.

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