North America 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),

North America 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 North America is expected to grow from US$ 1,828.19 million in 2021 to US$ 2,769.96 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The presence of a large number of older commercial aviation fleets worldwide is generating the demand for retrofitting and upgrades of the existing fleet. Also, the launch of new aircraft MRO hangars and MRO bays is directly proportional to the demand for different air management systems, which is one of the strong catalyzers of the air management system market. In addition, the continuous investments by airliners for aircraft upgrades due to the expansion of their existing aircraft fleet are boosting the demand for air management systems. This factor is aiding the requirement for new aircraft components to replace and install different air management systems such as thermal management systems, ice protection systems, oxygen systems, engine bleed air systems, and other components of air management systems.

Based on component, the North America air management system market is segmented into on-board oxygen generation system, sensors, condenser and evaporator, air cycle machines, control and monitoring electronic units, and others. In 2020, the air cycle machines segment dominated the market. Air cycle machine allows bleed air to be cooled for conditioning the flight and passenger compartment. Air cycle machines are one of the crucial components of the environment control units that act as the refrigerant unit for the system. It is most widely used in gas turbine-powered aircraft. It has dominated the market in 2020, with expected retention of segment during the forecast period as well. This is mainly due to the deployment of at least 2 or 3 air cycle machines on single aircraft. Moreover, it is an integral part of air conditioning systems that is directly related to thermal management systems which is the reason behind the dominance of the segment across the North America air management system market. The growing production and deliveries of gas turbine-powered aircraft is expected to be one of the major factors aiding the growth of this segment in the North America air management system market.

The US has witnessed the most severe impact of COVID-19 in 2020. The region's aircraft manufacturers and service providers had been affected due to nationwide lockdowns and travel restrictions, shutting down of aircraft production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has reached an unprecedented level for the airline industry in North America, with increasing net losses and delays in recovery. North America's aircraft industry was one of the strongest performers in the pre-crisis period. Also, as per the current scenario, after the discovery of new variant patients of COVID-19 (Omicron), the North American countries have restricted their borders for flights from African countries in order to restrict the spread of disease. The region is expecting market recovery from economic disruption by the end of 2027. Recovery in demands for commercial, military, and general aviation aircraft, along with helicopters, for different applications is anticipated to boost manufacturing and sales of the air management systems in the region.

The North America 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 North America 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 North America 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.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America air management system market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America air management system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the air management system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution