Air Management System Market worth 6.26 Billion USD by 2022 Air Management System Market

Air Management System Market worth 6.26 Billion USD by 2022
The report "Air Management System Market by System (Thermal Management, Engine
Bleed Air, Oxygen System, Fuel Tank Inerting, Cabin Pressure Control, ICE Protection),
Platform (Fixed Wing, Rotary Wing), Component, and Region - Global Forecast to 2022",
The air management system market is estimated to grow from USD 4.68 Billion in 2017 to USD
6.26 Billion by 2022, at a CAGR of 5.97% from 2017 to 2022.
Technological advancements resulting in performance efficiency of the system, the increased
requirement of efficient thermal management due to rising heat loads from growing use of electric
system architecture, and the need for safer operations in freezing weather conditions are the major
factors driving the air management system market.
The research methodology used to estimate and forecast the air management system market begins
with capturing the data of the revenues from air management systems through secondary sources,
such as International Civil Aviation Organization (ICAO), International Air Transport Association
(IATA), Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA), and
paid databases. The air management system offerings were also taken into consideration to
determine the market segmentation.
The bottom-up procedure was employed to arrive at the overall air management system market
size from the revenue of key players in the market. After arriving at the overall market size, the
total market was split into several segments and subsegments, which were then verified through
primary research by conducting extensive interviews with key individuals, such as (CEOs), VPs,
and directors.
Based on system, the thermal management system segment is expected to lead the air management
system market during the forecast period. Rise in the number of electric systems in aircrafts have
resulted in increased heat loads. Furthermore, composite materials that are rapidly replacing
traditional metallic materials used for the manufacturing of aircraft structural parts and
components are highly temperature sensitive. A thermal management system is extremely
important for safe and efficient operations of an aircraft, as it manages heat loads and prevents the
overheating of systems and components that may lead to mishaps.