Overview and Scope
An air management system (AMS) is a vital component in aerospace and aviation systems that controls and regulates air supply, distribution, and conditioning within an aircraft or spacecraft. These systems monitor and adjust cabin temperatures, ensuring passengers and crew have a pleasant flying experience.
Sizing and Forecast
The air management system market size has grown strongly in recent years. It will grow from $5.72 billion in 2023 to $6.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to industrial revolution and urbanization, health concerns and disease prevention, occupational safety regulations, environmental awareness and pollution control, aerospace and aviation industry influence.
The air management system market size is expected to see strong growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to focus on indoor air quality (iaq), health crisis preparedness, adoption of smart building technologies, workplace wellness and productivity, rising demand in healthcare settings. Major trends in the forecast period include personalized air control, uv-c and other disinfection technologies, natural ventilation integration, zero-energy buildings, cloud-based monitoring and control.
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Segmentation & Regional Insights
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 Interting Systems, Cabin Pressure Control System, Ice Protection System
2) By Platform: Fixed Wing, Rotary Wing
3) By Aircraft: Narrow Body,Wide Body
North America was the largest region in the air management system market in 2023. The regions covered in the air management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing air traffic is expected to propel the growth of the air management system market going forward. Air traffic refers to aircraft movement through the airspace, including take-off, landing, and navigation of planes, helicopters, and other aerial vehicles. Air traffic controllers utilize air management systems to monitor and regulate aircraft movements. These systems give real-time information on aircraft locations, altitude, speed, and other pertinent data. For instance, in March 2023, according to a report published by the Bureau of Transportation Statistics, a US-based government agency, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase year on year. Additionally, from January to December 2022, airlines in the United States carried 853 million passengers, up from 658 million in 2021. Therefore, increasing air traffic is driving the growth of the air management market.
Key Industry Players
Major companies operating in the air management system market report are 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.
The air management system market report table of contents includes:
1. Executive Summary
2. Air Management System Market Characteristics
3. Air Management System Market Trends And Strategies
4. Air Management System Market – Macro Economic Scenario
5. Global Air Management System Market Size and Growth
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31. Air Management System Market Other Major And Innovative Companies
32. Global Air Management System Market Competitive Benchmarking
33. Global Air Management System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Air Management System Market
35. Air Management System Market Future Outlook and Potential Analysis
36.Appendix
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