Overview and Scope
Aircraft ignition system refers to an electrical system that produces a spark to ignite the mixture in the cylinders of aircraft engines. An aircraft ignition system’s primary function is to ignite the fuel in the combustion chamber during engine start-up.
Sizing and Forecast
The aircraft ignition system market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to lessons from engine failures, research in combustion dynamics, development of dual ignition systems, regulatory compliance for aviation safety, evolution of fuel efficiency standards..
The aircraft ignition system market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to emphasis on cybersecurity measures, incorporation of predictive maintenance, regulatory requirements for emissions, enhancements in ignition component materials, advancements in electronic ignition.. Major trends in the forecast period include enhanced fuel efficiency demands, reliability and redundancy, shift to lightweight materials, advancements in engine technology, regulatory compliance and emissions..
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Segmentation & Regional Insights
The aircraft ignition system market covered in this report is segmented –
1) By Type: Electronic Ignition System, Magneto Ignition System
2) By Component: Igniters, Ignition Leads, Exciters, Spark Plugs, Other Components
3) By Application: Fixed Wing Aircraft, Rotary Wing Aircraft, Unmanned Aerial Vehicles (UAVs)
4) By End-User: Aftermarket, Original Equipment Manufacturer (OEM)
North America was the largest region in the aircraft ignition system market in 2023. The regions covered in the aircraft ignition 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 significantly contributing to the growth of the aircraft ignition system market going forward. Air traffic refers to the continual movement of airplanes that necessitates constant monitoring. Aircraft ignition systems are essential parts for aircraft that use reciprocating aircraft engines as they generate an electrical spark to ignite the air mixture in the cylinders and manage aircraft powerplant operation, which tends to increase the purchase and renting of more aircraft and, as a result, increases air traffic. For instance, in 2022, according to the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations, the demand for air travel increased by 30% from January to April 2022 compared to the same period in 2021. Further, in April 2022, according to the International Air Transport Association, a Canada-based international trade union of international airlines, the demand for air travel increased by 78.7% as compared to April 2021. Therefore, increasing air traffic drives the aircraft ignition system market.
Key Industry Players
Major companies operating in the aircraft ignition system market are focused on strategic investments, such as the modernization of manufacturing facilities, to meet growing demand and expand their customer base. The modernization of manufacturing facilities refers to the strategic process of updating, upgrading, or enhancing various aspects of production infrastructure and processes within a manufacturing setting. For instance, in June 2021, Aeva, a France-based company specializing in helicopter turbine ignition systems, initiated a significant modernization project. This endeavor includes the strategic relocation of subcontracted production operations to Asia. Aligned with the objectives of the $300 million support fund dedicated to the investment and modernization of the aeronautics industry, the project aims to facilitate industrial investment for diversification, sustainability, and the enhancement of production processes. The primary goal is to foster skill development and contribute to the advancement of environmentally friendly aircraft technologies. The Aeronautics Industry Support Fund provides essential backing for this project, enabling a comprehensive restructuring of the design office and modernization of the factory by 2023. These measures are intended to drive business growth and facilitate the onshoring of component manufacturing previously outsourced to Asia. Aeva has already established a dedicated research and development team and is in the process of recruiting specialists.
The aircraft ignition system market report table of contents includes:
1. Executive Summary
2. Aircraft Ignition System Market Characteristics
3. Aircraft Ignition System Market Trends And Strategies
4. Aircraft Ignition System Market – Macro Economic Scenario
5. Global Aircraft Ignition System Market Size and Growth
….
31. Aircraft Ignition System Market Other Major And Innovative Companies
32. Global Aircraft Ignition System Market Competitive Benchmarking
33. Global Aircraft Ignition System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Ignition System Market
35. Aircraft Ignition System Market Future Outlook and Potential Analysis
36. Appendix
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