Global Air Management System Market Set to Reach $7.52 Billion by 2027, Growing at a CAGR of 7.1%
The Business Research Company’s Air Management System Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027
LONDON, GREATER LONDON, UK, October 30, 2023 /EINPresswire.com/ — The global air management system market is anticipated to witness significant growth, projecting an increase from $5.30 billion in 2022 to $5.72 billion in 2023, at a notable compound annual growth rate (CAGR) of 7.8%. Despite the disruptive impact of the Russia-Ukraine conflict on global economic recovery, the market is expected to achieve a valuation of $7.52 billion by 2027. This growth is primarily attributed to the escalating air traffic, which necessitates the adoption of advanced air management systems for efficient monitoring and regulation of aircraft movements.
Market Segmentation and Key Players
System: Thermal Management System, Engine Bleed Air System, Oxygen Systems, Fuel Tank Inerting Systems, Cabin Pressure Control System, Ice Protection System
Platform: Fixed Wing, Rotary Wing
Aircraft: Narrow Body, Wide Body
Leading industry players such as Raytheon Technologies Corporation, The Boeing Company, and Honeywell International Inc. are actively investing in technological advancements and strategic acquisitions to strengthen their market presence and cater to the evolving demands of the global air management system market.
Explore comprehensive insights into the global air management system market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12343&type=smp
Emerging Trend: Technological Advancements Revolutionizing Aerospace Industry
Technology advancements, exemplified by the launch of GuardianUTM Enterprise by Altitude Angel, signify a notable trend in the air management system market. This next-generation airspace management solution technology provides an integrated view of the airspace surrounding airports, facilitating improved coordination and management of drone activities. Such innovative solutions are instrumental in enhancing operational efficiency and ensuring safe and regulated air traffic.
Strategic Acquisition for Enhanced Product Offerings
The acquisition of Meggitt PLC by Parker-Hannifin Corporation in September 2022 marks a significant development in the market. This strategic move aims to bolster Parker-Hannifin Corporation’s product portfolio, enabling the company to offer an expanded range of solutions for aircraft and aero-engine components and systems. Meggitt PLC’s expertise in thermal management systems is expected to complement Parker-Hannifin Corporation’s existing capabilities and contribute to the company’s market growth and competitiveness.
Geographical Insights: North America Leads, Asia-Pacific Shows Strong Growth Prospects
North America emerged as the dominant region in the air management system market in 2022, owing to robust technological innovations and a well-established aerospace industry. Furthermore, the Asia-Pacific region is demonstrating robust growth potential, driven by increasing investments in the aviation sector and the rapid expansion of commercial air travel. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities across key geographical segments.
Access the complete report for an in-depth analysis of the global air management system market:
https://www.thebusinessresearchcompany.com/report/air-management-system-global-market-report
Air Management System Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Air Management System Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on air management system market size, air management system market drivers and trends, air management system market major players, air management system market competitors’ revenues, market positioning, and air management system market growth across geographies. The air management systems market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Airway Management Devices Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/airway-management-devices-global-market-report
Positive Airway Pressure Devices Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/positive-airway-pressure-devices-global-market-report
Resuscitation Devices Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/resuscitation-devices-global-market-report
About The Business Research Company?
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn
