Global Aircraft Ignition System Market
- POSTED ON Saturday, March 13, 2021
Global Aircraft Ignition System Market was valued US$ 748.58 Mn in 2019 and is expected to reach US$ XX Bn by 2026 at a CAGR of about XX% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Driving factors for the aircraft ignition system market are increasing number of aircraft deliveries across the globe coupled with the rising adoption of advance technologies in aircraft systems, technological improvements in aircraft ignition systems, rise in demand for aircraft ignition systems in UAV and Aircraft manufacturers are focusing on manufacturing products based on end user requirements with the aim of cost-cutting, fuel saving, and efficiency will lead to boom the market. Product liability and emerging competitors can hamper the growth of Aircraft Ignition System Market.
Global Aircraft Ignition System Market is segmented by type, by engine, By Component, by platform, by End User and by region. Based on type, aircraft ignition system market is classified into Electronic and Magneto (Low-Tension Ignition Systems & High-Tension Ignition Systems). In engine type are split into Turbine Engine and Reciprocating Engine. Component segment is divided into Exciters, Igniters, Ignition leads, Spark Plugs and Others. Platform segment is fragmented into Military Aviation, Commercial Aviation, General Aviation, Civil Helicopters, Military Helicopters & Unmanned Aerial Vehicles (UAVs).
In terms of end user, global aircraft ignition system market is split into Original Equipment Manufacturers (OEMs) & Aftermarket. Geographically classified as North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
In terms of type, electronic segment is expected to grow at the highest XX% CAGR during the forecast period. Electronic ignition systems are used in direct fire ignition systems and considered to be more reliable as compared to conventional magneto ignition systems, electronic systems have greater spark energy as well as variable spark timing, which, in turn, are improving fuel efficiency and can lead to higher demand in this segment.
In terms of Platform, Unmanned Aerial Vehicles (UAVs) segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to Increasing in UAV production, rising tension between countries and its deployment for Intelligence Surveillance and Reconnaissance (ISR) purpose. Huge demand in military and defence sector can create more opportunity in aircraft ignition system market. Pakistan to buy 48 attack drones from China.
In terms of End Users, Aftermarket segment is expected to grow at the highest XX% CAGR during the forecast period. The aftermarket involves in replacement of parts and maintenance services for installed components and include the inspection of complete systems of aircraft for the security of component mounting as well as to detect short or high voltage arcing and loose connections.Among region, Asia Pacific is expected to grow at XX % of CAGR during the forecast period. Emerging economics and strong presence of manufacturers in Japan, China, and India will boost the market in this region. Rise in the defence expenditure, increased demand for new aircraft in the region and increase in air passenger traffic has contributed to rising aircraft deliveries in Asia pacific continent.
The objective of the report is to present comprehensive analysis of Global Aircraft Ignition System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Aircraft Ignition System Market dynamics, structure by analyzing the market segments, and project the Global Aircraft Ignition System Market size. Clear representation of competitive analysis of key players by Global Aircraft Ignition System Market Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aircraft Ignition System Market make the report investor’s guide.Scope of the Global Aircraft Ignition System Market:
Global Aircraft Ignition System Market: By Type
• Electronic• Magnetoo Low-Tension Ignition Systemso High-Tension Ignition SystemsGlobal Aircraft Ignition System Market: By Engine Type
• Turbine Engine• Reciprocating EngineGlobal Aircraft Ignition System Market: By Component
• Exciters• Igniters• Ignition leads• Spark Plugs• Other ComponentsGlobal Aircraft Ignition System Market: By Platform
• Military Aviation• Commercial Aviation• General Aviation• Civil Helicopters• Military Helicopters• Unmanned Aerial Vehicles (UAVs)Global Aircraft Ignition System Market: By Engine Type
• Original Equipment Manufacturers (OEMs)• AftermarketGlobal Aircraft Ignition System Market: By region
• North America• Europe• Asia Pacific• Middle East & Africa• Latin AmericaKey Player analysed in the Global Aircraft Ignition System Market:
• Transdigm Group Inc• Woodward, Inc.• Unison LLC• Meggitt Plc• G3I• Electroair• Air Power Inc.• Surefly, Inc.• Aero Inc.• Sky Dynamics
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