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What Is The Present And Forecasted Size Of The Aerospace Oxygen System Market?

In recent years, the aerospace oxygen system market has seen significant growth. It is set to rise from $5.37 billion in 2024 to $5.71 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period is due to factors such as safety rules and standards, expansion in commercial aviation, modernization of military aircraft, increase in long-haul and extended operations flights, and emphasis on controlling aircraft cabin pressure.

In the forthcoming years, the aerospace oxygen system market is predicted to experience considerable growth, reaching $7.27 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This growth during the forecast period is anticipated due to factors like the surge in air travel demand after the pandemic, the widening of air ambulance and medical flight services, the focus on efficient and light systems, and the incorporation into next-gen aircraft. Key trends during the forecast period encompass the utilization of advanced materials, services for retrofitting and upgrading, the worldwide expansion of aviation, the introduction of portable oxygen solutions, and the emphasis on environmental sustainability.

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Which Growth Drivers Are Shaping The Aerospace Oxygen System Market Outlook?

The growth of the aerospace oxygen system market is likely to be fueled by the escalation in air traffic. The term air traffic refers to the movement of aircrafts, including take-off, landing, and navigation, involving planes, helicopters, and other vehicles in the airspace. Aerospace oxygen systems, crucial for operations in higher altitudes and military missions, ensure the efficient and safe working of pilots, crew, and specialists in conditions where oxygen levels may not be sufficient for normal breathing. The Bureau of Transportation Statistics, a government agency in the US, released in their report in March 2023 that US airlines flew 194 million more passengers in 2022 than in the preceding year, recording a 30% annual growth. In the period between January to December 2022, unadjusted passenger turnout was 853 million, an increase from 658 million in 2021 and 388 million in 2020. Hence, the surge in air traffic is a significant factor promoting the aerospace oxygen system market’s expansion.

Which Segmentation Factors Are Critical In The Aerospace Oxygen System Market Analysis?

The aerospace oxygen system market covered in this report is segmented –

1) By Product: Liquid Oxygen System, Gaseous Oxygen System, On Board Oxygen Generation System

2) By System: Protective Breathing, Portable Oxygen System, Integrated System

3) By Category: Storage System, Delivery System, Oxygen Mask And Cannulas

4) By Mechanism: Chemical Oxygen Generator, Compressed Oxygen System

5) By Application: Passenger Seating Area, Cabin Crew Area, Other Applications

Subsegments:

1) By Liquid Oxygen System: Ground-Based Liquid Oxygen Systems, Aircraft Liquid Oxygen Systems

2) By Gaseous Oxygen System: High-Pressure Gaseous Oxygen Systems, Low-Pressure Gaseous Oxygen Systems

3) By On Board Oxygen Generation System: Chemical Oxygen Generation Systems, Membrane-Based Oxygen Generation Systems, Pressure Swing Adsorption (PSA) Oxygen Generation Systems

What Are The Dominant Trends Currently Seen In The Aerospace Oxygen System Market?

Large corporations in the aerospace oxygen system market are rolling out sophisticated products with technologies such as pulse technology to boost their market profitability. Pulse oximetry, a method employed in medical and aerospace sectors, gauges a person’s blood oxygen saturation. For instance, Collins Aerospace, an aerospace and defense technology firm based in the US, unveiled the OXYJUMP NG system in May 2023. The system amplifies mission potentials by providing an increased gliding range and safer jumps, all while significantly decreasing the size and weight compared to older versions. By harnessing Collins’ oxygen pulse technology, it offers a compact and lightweight solution that automatically modulates oxygen levels for extensive mission trajectories. Designed to cater to the needs of allied military, the system epitomizes stealth, readiness, and safety, whilst ensuring user comfort and convenience with an easy-to-use automatic operation and a mask designed for ergonomic comfort.

Which Players Are Shaping The Competitive Landscape Of The Aerospace Oxygen System Market?

Major companies operating in the aerospace oxygen system market include Honeywell International Inc., Air Liquide S.A., Safran S.A., Eaton Corporation, Rockwell Collins Inc., Parker Hannifin Corporation., Air Products and Chemicals Inc., Diehl Stiftung & Co. K.G., B/E Aerospace, Zodiac Aerospace, Gentex Corporation, Meggitt PLC., JAMCO Corporation, SAE International, Adams Rite Aerospace Inc., BOC Ltd, Essex Industries Inc., HRD Aero Systems Inc, AERO Specialties Inc., East/West Industries Inc., Mountain High Equipment & Supply Co, Ventura Aerospace, CASP Aerospace, Precise Flight Inc., Aerox Aviation Oxygen Systems Inc., GLB Flight Products Ltd, Life Support International Inc., Aviall Inc., AeroMedix Inc., Cobham Limited

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Which Region Is Likely To Register The Fastest Growth In The Aerospace Oxygen System Market?

North America was the largest region in the aerospace oxygen system market in 2024. The regions covered in the aerospace oxygen system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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