What Does the Historical and Current Air Management System Market Size Trend Indicate?
The air management system market has seen considerable growth due to a variety of factors.
•The value of the air management system market has seen a robust increase in the previous years. The market, which was worth $6.03 billion in 2024, is projected to escalate to $6.47 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.3%.
Factors contributing to this growth throughout the historic period include the industrial revolution and urban development, health issues and disease control measures, regulations related to occupational safety, environmental consciousness and pollution control, along with influences from the aerospace and aviation industry.
How Will the Air Management System Market Size Evolve over the Forecast Period?
The air management system market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the air management system market is projected to experience robust expansion. With a compound annual growth rate (CAGR) of 6.9%,
it is expected to be valued at $8.45 billion by 2029. The incentives for this growth in the projected period are pragmatic approaches to indoor air quality (IAQ), preparation for health crises, the implementation of intelligent building technologies, emphasis on well-being and efficiency in the workplace, and an increasing demand within healthcare environments. Looking into the forecast period, prevailing trends consist of individualized air control, UV-C and other sanitizing technologies, integration of natural ventilation, zero-energy structures, and cloud-based tracking and control.
Which Factors Are Boosting Growth In The Air Management System Market?
The growth of the air management system market is anticipated to be fueled by the escalating levels of air traffic. Air traffic, encompassing the actions of aircraft within airspace such as take-off, landing, and navigation facilitated by air vehicles like planes and helicopters, is closely monitored regulated using air management systems. These systems provide vital real-time data on aspects such as aircraft location, altitude, and speed. For instance, a report issued in March 2023 by the Bureau of Transportation Statistics, a government agency based in the US, stated that in 2022, US airlines carried 194 million additional passengers compared to 2021, marking a 30% year on year increase. Moreover, between January and December 2022, US airlines recorded a passenger count of 853 million, a significant rise from the 658 million passengers in 2021. Consequently, the surge in air traffic is propelling the expansion of the air management market.
What Key Areas Define The Segmentation Of The Global Air Management System Market?
The air management system market covered in this report is segmented –
1) By System: Thermal Management System, Engine Bleed Air System, Oxygen Systems, Fuel Tank Inerting Systems, Cabin Pressure Control System, Ice Protection System
2) By Platform: Fixed Wing, Rotary Wing
3) By Aircraft: Narrow Body, Wide Body
Subsegments:
1) By Thermal Management System: Cabin Heating Systems, Cabin Cooling Systems, Engine Cooling Systems, Other Thermal Management Solutions
2) By Engine Bleed Air System: Bleed Air Control Valves, Ducting And Piping, Sensors And Monitoring Equipment
3) By Oxygen Systems: Portable Oxygen Systems, Onboard Oxygen Generation Systems, Oxygen Delivery Devices
4) By Fuel Tank Inerting Systems: Fuel Tank Inerting Control Systems, Inert Gas Generating Systems, Sensors And Monitoring Equipment
5) By Cabin Pressure Control System: Pressure Control Valves, Cabin Pressure Sensors, Control Panels
6) By Ice Protection System: De-Icing Systems, Anti-Icing Systems, Ice Detection Sensors
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How Are Emerging Trends Reshaping The Dynamics Of The Air Management System Market?
The rise of technology advancements is an influential trend that is gaining traction in the air management system market. Major corporations in this market are introducing novel technologies to maintain their market standings. For example, in February 2023, a Japanese electronics firm introduced a full-fledged Air Management System. This all-encompassing air management system from Panasonic, conceived in collaboration with Suetrong Property, a real estate development enterprise based in Thailand, employs state-of-the-art technology for tailoring air quality control. It leverages a hybrid-link operation to harmonize air conditioning and ventilation, and its nanoe X technology robustly counters allergens, bacteria, and viruses, having a promise of healthier indoor atmospheres in residential ventures.
Who Are the Key Players in the Air Management System Market?
Major companies operating in the air management system market include:
• Raytheon Technologies Corporation
• United Technologies Corp.
• The Boeing Company
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Air Liquide S.A.
• GE Aviation
• Safran SA
• Eaton Corporation
• Rolls Royce PLC
• Parker Hannifin Corporation
• Liebherr-International AG
• Air Products Membrane Solutions
• SMC Corporation
• Bombardier Inc.
• Rockwell Collins
• Diehl Aviation
• Emerson Electric Co.
• Shimadzu Corporation
• Bell Helicopter Inc.
• Zodiac Aerospace
• HEICO
• Meggit PLC
• Kelvion
• Barnes Aerospace
• Dukes Aerospace Inc.
• Aeronamic Aircraft Subsystems
• Elmelin
• Airborne ECS
What Is The Most Dominant Region In The Air Management System Market?
North America was the largest region in the air management system market in 2024. The regions covered in the air management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
