PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449615
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449615
The Aircraft De-icing Market size was valued at US$ 1.24 Billion in 2023 and is expected to reach US$ 1.83 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 1.24 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 5.00% | 2030/2031 Value Projection: | US$ 1.83 Bn |
The aircraft de-icing market has been growing steadily over the past few decades in line with the increasing air traffic globally. De-icing systems play a crucial role in ensuring flight safety especially during winters in areas with sub-zero temperatures by preventing the formation of ice on aircraft surfaces. Various technological advancements such as the development of new de-icing fluids, electric heating systems, and infrared and ultrasonic de-icing equipment have enabled airports and airlines to enhance efficiency and reduce turnaround times. The market is influenced by factors such as the increasing demand for de-icing services due to the rising global air travel trend, the need to serve ever-increasing air traffic without interruptions, and the rapid evolution of technology in de-icing methods. The market is also influenced by regulatory standards and the increasing emphasis on the use of advanced de-icing chemicals and fluids.
The aircraft de-icing market is driven by factors such as longer winter seasons experienced across parts of North America and Europe in recent years and the rising number of aircraft movements during peak winter periods. However, cost pressures faced by airlines and airports act as a key restraint. Aircraft de-icing equipment, trucks are most commonly used for larger aircraft while newer infrared technology is gaining popularity for smaller planes, The development of more environment-friendly and efficient de-icing fluids and equipment presents an opportunity for technology providers to further improve systems and products. Adoption of infrared and laser de-icing systems that reduce glycol usage also opens up new growth avenues.