What is the Historical Analysis of the Aerospace Oxygen System Market Size?
The aerospace oxygen system market has seen considerable growth due to a variety of factors.
•In recent times, the aerospace oxygen system market has seen robust growth. The market value is forecasted to increase from $5.37 billion in 2024 to $5.74 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
This appreciable rise during the historic period can be credited to factors like safety regulations and standards, expansion in commercial aviation, modernization of military aircraft, the prevalence of long-haul flights and extended operations, and an emphasis on aircraft cabin pressurization.
What is the Forecasted Growth of the Aerospace Oxygen System Market Size?
The aerospace oxygen system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the aerospace oxygen system is anticipated to experience substantial growth in the upcoming years, expanding to a whopping $7.36 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%.
Several factors contribute to this growth forecast, such as the rebound in demand for air travel following the pandemic, the enlargement of air ambulance services and medical flights, the focus on lighter and more efficient systems, as well as integration into future-generation aircraft. During the forecast period, key trends to note include the utilization of advanced materials, retrofitting and upgrading services, worldwide growth in aviation, the advent of portable oxygen solutions, and a spotlight on environmentally friendly practices.
What Are The Key Drivers Fueling Growth In The Aerospace Oxygen System Market?
The growth of the aerospace oxygen system market is anticipated to be fueled by the surge in air traffic. Air traffic entails the movement of aircraft through airspace, encompassing plane take-offs, landings, and navigation, as well as helicopters and other aerial vehicles. The importance of aerospace oxygen systems is paramount for high-altitude flights and military missions as they enable staff, such as pilots, crewmembers, and special operators, to effectively and securely perform their duties where the oxygen level is insufficient for normal breathing. For example, in March 2023, a report by the Bureau of Transportation Statistics, a US government agency, indicated a rise in transported passengers by US airlines by 194 million more than in 2021, marking a 30% surge year on year. Between the months of January to December 2022, US airlines catered to 853 million passengers (unadjusted), a notable increase from 658 million in 2021 and 388 million in 2020. Therefore, the rise in air traffic is a significant factor contributing to the expansion of the aerospace oxygen system market.
What Are The Principal Market Segments In The Global Aerospace Oxygen System Industry?
The aerospace oxygen system market covered in this report is segmented –
1) By Product: Liquid Oxygen System, Gaseous Oxygen System, On Board Oxygen Generation System
2) By System: Protective Breathing, Portable Oxygen System, Integrated System
3) By Category: Storage System, Delivery System, Oxygen Mask And Cannulas
4) By Mechanism: Chemical Oxygen Generator, Compressed Oxygen System
5) By Application: Passenger Seating Area, Cabin Crew Area, Other Applications
Subsegments:
1) By Liquid Oxygen System: Ground-Based Liquid Oxygen Systems, Aircraft Liquid Oxygen Systems
2) By Gaseous Oxygen System: High-Pressure Gaseous Oxygen Systems, Low-Pressure Gaseous Oxygen Systems
3) By On Board Oxygen Generation System: Chemical Oxygen Generation Systems, Membrane-Based Oxygen Generation Systems, Pressure Swing Adsorption (PSA) Oxygen Generation Systems
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Which Emerging Market Trends Are Altering The Aerospace Oxygen System Sector?
Prominent firms in the aerospace oxygen system market are integrating advanced products with technologies like pulse technology to boost their market profitability. Pulse oximetry, employed in medical and aerospace uses, measures an individual's blood oxygen saturation. Take, for example, Collins Aerospace, an American aerospace and defense technology provider, rolled out the OXYJUMP NG system in May 2023. This system elevates mission aptitude by providing an expanded gliding range and ensuring safer jumps, all while dramatically reducing size and weight compared to its predecessors. With the incorporation of Collins' oxygen pulse technology, it offers a portable and lightweight solution that automatically modifies oxygen levels for extended mission plans. Designed specifically for allied armed forces, the system places high value on stealth, readiness, safety, and also ensures user comfort and simplicity of use through automated operation and an ergonomically designed mask.
Who Are the Key Players in the Aerospace Oxygen System Market?
Major companies operating in the aerospace oxygen system market include:
• Honeywell International Inc.
• Air Liquide S.A.
• Safran S.A.
• Eaton Corporation
• Rockwell Collins Inc.
• Parker Hannifin Corporation.
• Air Products and Chemicals Inc.
• Diehl Stiftung & Co. K.G.
• B/E Aerospace
• Zodiac Aerospace
• Gentex Corporation
• Meggitt PLC.
• JAMCO Corporation
• SAE International
• Adams Rite Aerospace Inc.
• BOC Ltd
• Essex Industries Inc.
• HRD Aero Systems Inc
• AERO Specialties Inc.
• East/West Industries Inc.
• Mountain High Equipment & Supply Co
• Ventura Aerospace
• CASP Aerospace
• Precise Flight Inc.
• Aerox Aviation Oxygen Systems Inc.
• GLB Flight Products Ltd
• Life Support International Inc.
• Aviall Inc.
• AeroMedix Inc.
• Cobham Limited
What are the Regional Insights into the Aerospace Oxygen System Market?
North America was the largest region in the aerospace oxygen system market in 2024. The regions covered in the aerospace oxygen system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
