DUBLIN, October 29, 2021–(BUSINESS WIRE)–The "Commercial Aircraft Oxygen System – Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Commercial Aircraft Oxygen System estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.
Passenger Oxygen System, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Crew Oxygen System segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 4.6% CAGR
The Commercial Aircraft Oxygen System market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Select Competitors (Total 46 Featured):
Air Liquide SA
BASA Aviation Ltd.
Precise Flight, Inc.
Technodinamika Holding, Jsc
Ventura Aerospace, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
World Market Trajectories
Commercial Aircraft Oxygen System Market: A Prelude
Impact of Covid-19 and a Looming Global Recession
Escalating Growth in Air Traffic Passengers and Increasing Aircraft Deliveries Drive Demand for Aircraft Oxygen Systems
Replacement of Aging Aircrafts with New Aircrafts Integrated with Advanced Technologies Offers Growth Opportunities
Projected Growth of Aircraft MRO in Singapore, Thailand, China and India Create Favorable Environment for Market Growth in Asia-Pacific Region
Challenges in the Global Aviation Industry Hamper Market Growth
Stringent Regulations for Aircraft Safety: Another Growth Restraint
Commercial Aircraft Oxygen System: Definition
Commercial Aircraft Oxygen System by Type
Crew Oxygen System
Passenger Oxygen System
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/zaoaew
View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005421/en/
Laura Wood, Senior Press Manager
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