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  • Aerospace Oxygen Systems Market to Grow at 5.5% CAGR During 2016 - 2021





    (Transportation-News.com, November 07, 2018 )

    Stratview Research announces the addition of a new market research report on Global Aerospace Oxygen Systems Market by Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by System Type (Passenger Oxygen System and Crew Oxygen System), by Component (Storage System, Delivery System, and Mask), by Mechanism (Chemical and Compressed), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021



    The Global Aerospace Oxygen Systems Market: Highlights



    Stratview Research foresees a healthy growth of 5.5% CAGR in the aerospace oxygen systems market over the next five years (2016 2021), which offers an opportunity to the aerospace industry players to align themselves with the market growth.



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    There are number of factors bolstering the growth of aerospace oxygen systems market. The author of the report cited that increasing commercial and regional aircraft deliveries, high growth of wide body aircraft, and growing aircraft fleet size are the key drivers of the global aerospace oxygen systems market.



    Passenger oxygen system is expected to remain the largest segment during the forecast period. Requirement for higher number of passenger oxygen systems in an aircraft cabin than crew oxygen systems and higher replacement rate are the major drivers for the passenger oxygen systems market.



    In terms of mechanism type, chemical oxygen system is expected to exhibit the fastest growth during the forecast period. Chemical oxygen system generally comprises of sodium chromate (NaClO3) along with smaller amounts of other chemicals and converts these chemicals into oxygen flow when the source is activated.



    North America is expected to remain the largest market for aerospace oxygen systems during the forecast period. Manufacturing base of Boeing and Bombardier aircraft in the US & Canada and increasing commercial, regional, and general aviation fleet size are some of the major drivers of North American dominance in the global aerospace oxygen systems market.



    The global aerospace oxygen systems market is a highly consolidated with few large players dominating the market. The key oxygen system manufacturers are C&D Zodiac, B/E Aerospace, Air Liquide, Cobham Plc, Ventura Aerospace, and Technodinamika Holding.



    New product development, such as lightweight oxygen systems, long term contracts, and collaboration with customers are the key strategies adopted by the key players to gain competitive edge in the market.



    Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

    Stratview Research

    Ritesh Gandecha

    +1-313-307-4176

    sales@stratviewresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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