Aerospace Oxygen System Market Forecasts to 2030 - Global Analysis By Component, System, Aircraft Type, Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Aerospace Oxygen System Market is accounted for $5.71 billion in 2023 and is expected to reach $9.17 billion by 2030 growing at a CAGR of 8.2% during the forecast period. When an aircraft is in operation, an aviation oxygen system supplies oxygen to the crew and passengers. These devices are utilized in emergencies or when the cabin air pressure drops as a result of the aircraft operating over 12,000 feet. The human body consumes oxygen at tissue levels in accordance with metabolic requirements because it is a highly aerobic organism. The amount of oxygen that is accessible for inhalation changes with any decrease in atmospheric pressure.

According to the analysis of IATA (International Air Transport Association), around 7.8 billion passengers are expected to adopt air travel by 2036.

Market Dynamics:

Driver:

Increased use of aircraft for passengers

The ongoing rise in air travel around the world is typically attributed to three key factors. It includes the expansion of low-cost carriers, whose market share has nearly doubled and the expansion of the middle class globally. These two changes have expanded the number of consumers who can afford to travel. The expansion of airport infrastructure spending has also enhanced the world's carrying capacity. In all but one of the last 15 years, the number of scheduled passengers handled by the world's airlines has increased.

Restraint:

Bulky storage container

The main drawback is the storage containers' weight and bulk, which could be a problem for smaller aircraft. To ensure that it is safe to be transported at altitude, the aviator's oxygen must adhere to a set of requirements. This requirement can only be satisfied by breathing oxygen of the aviator's grade. These factors are hindering the market growth.

Opportunity:

Rise in passengers air travel

Growing air travel is still a primary factor encouraging the creation of cutting-edge airplane oxygen systems. This has opened up opportunities for producers of aviation oxygen systems to offer innovative products to airlines, which is anticipated to drive the market's expansion in the upcoming years. Additionally, the International Civil Aviation Organization (ICAO) has advised using supplemental oxygen to prevent hypoxia in order to manage the cabin pressure in the aircraft, which has boosted sales of aviation oxygen systems.

Threat:

Strict regulations

One of the main factors restraining market expansion and further challenging the aircraft oxygen system market over the projection period is the strict safety rules and supplier production capacity restrictions. Additionally, during this forecast period, the high cost of installation and maintenance of these devices is another factor that could restrain market revenue growth for the air force system of aircraft globally.

COVID-19 Impact::

Due to forced closures and limits imposed by governing bodies in response to the COVID-19 epidemic, the functioning of several industries has been interrupted, or they are working with fewer people. This feature is anticipated to have a sizable effect on the industry's expected revenue growth in the global market for oxygen systems. However, it is anticipated that a number of problems, including shifting aviation and an impending backlog of deliveries, could impede the shipment of aircraft oxygen systems.

The chemical oxygen generator segment is expected to be the largest during the forecast period:

During the forecast period, the chemical oxygen generator is expected to grow most rapidly. These molecules are converted into oxygen flow when the source is triggered by a chemical oxygen system made of sodium chromate (NaClO3) and minute amounts of other chemicals. In the overhead storage space, this device is found over the passenger seat. Moreover, the FAA regulation requiring the use of the chemical oxygen system in aircraft carrying more than 20 passengers is largely responsible for the rapid expansion of the industry.

The passenger oxygen system segment is expected to have the highest CAGR during the forecast period:

Based on system type, the market is segmented into the passenger oxygen system, liquid oxygen system, onboard oxygen generation system, gaseous oxygen system, and crew oxygen system. Passenger oxygen system is expected to have lucrative growth over the forecast period as it will continue to be the leading sector during the projected period. However, a greater proportion of passenger oxygen systems than crew oxygen systems, as well as a higher replacement rate, are driving the passenger oxygen system growth rate.

Region with largest share:

North America is anticipated to continue to be the largest market worldwide for aircraft oxygen systems during the anticipated timeframe. North American dominance in the global aerospace oxygen systems market is mostly due to the production bases of Boeing and Bombardier aircraft, as well as the growing number of commercial, regional, and general aviation fleets. These elements are boosting the region's growth.

Region with highest CAGR:

Due to OEMs' (original equipment manufacturers) operations integrating cutting-edge features into new-generation aircraft, the Asia-Pacific region is anticipated to experience profitable growth during the prolonged time frame. However, this has driven the use of adaptive oxygen systems in aircraft, which have sensors for monitoring oxygen levels and enabling continuous oxygen provision. For instance, in aircraft, the OBOGS (On Board Oxygen Generating System) produces oxygen and performs filtration, oxygen gas monitoring, and quality control.

Key players in the market

Some of the key players in Aerospace Oxygen System market include Adams Rite Aerospace Inc., Aeromedix.Com Llc, Air Liquide, Aviation Oxygen Systems Inc., B/E Aerospace Inc., BASA Aviation Ltd, Cobham plc, Diehl Stiftung & Co. KG, East/West Industries Inc., Essex Industries Inc., Precise Flight Inc., Rockwell Collins Inc., Technodinamika JSC and Zodiac Aerospace ADR.

Key Developments:

In March 2021, Cobham Mission Systems, a leading U.S.-based manufacturer of military aircraft oxygen systems, announced the acquisition of a new contract to deliver oxygen concentrator systems for the complete fleet of US Navy T-45 Goshawk jet trainers. These systems are crucial in delivering optimal oxygen to pilots.

Components Covered:

• Centralized Oxygen System

Systems Covered:

• Crew Oxygen System
• Passenger Oxygen System
• Liquid Oxygen System
• On Board Oxygen Generation System
• Gaseous Oxygen System
• Other Systems

Aircraft Types Covered:

• Wide Body Aircrafts
• Narrow Body Aircrafts
• Other Aircraft Types

Technologies Covered:

• Compressed Oxygen Systems
• Chemically-induced Systems
• Chemical Oxygen Generator
• Other Technologies

Applications Covered:

• Cabin Crew Area
• Passenger Seating Area
• Other Applications

End Users Covered:

• Military Aviation
• Commercial Aviation
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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  • Comprehensive profiling of additional market players (up to 3)
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  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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