DUBLIN, October 29, 2021– (BUSINESS WIRE) – The report “Commercial Aircraft Oxygen System – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.
Amid COVID-19 crisis, global commercial aircraft oxygen system market estimated at US $ 4.2 billion in 2020 is expected to reach revised size of US $ 5.8 billion by 2027, with a CAGR of 4.9% over the period 2020. -2027.
The passenger oxygen system, one of the segments analyzed in the report, is expected to register a CAGR of 5.7% and reach $ 3.9 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Crew Oxygen System segment is readjusted to a revised CAGR of 3.6% for the next 7-year period.
The US market is estimated at $ 1.2 billion, while China is expected to grow at 4.6% CAGR
The market for commercial aircraft oxygen systems in the United States is estimated at US $ 1.2 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1 billion by 2020. 2027, with a CAGR of 4.6%. over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each forecasting growth of 4.8% and 3.8% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 4% CAGR.
Selected Competitors (Total 46 featured):
Main topics covered:
Overview of the influencer market
Global market trajectories
Oxygen Systems for Commercial Aircraft Market: A Prelude
Impact of Covid-19 and an impending global recession
Accelerating growth in passenger air traffic and increasing aircraft deliveries are driving demand for aircraft oxygen systems
Replacing aging aircraft with new aircraft integrated with advanced technologies offers growth opportunities
Planned growth of aircraft MRO in Singapore, Thailand, China and India creates a favorable environment for market growth in the Asia-Pacific region
The challenges of the global aviation industry hamper the growth of the market
Strict aircraft safety regulations: another hindrance to growth
Oxygen system for commercial aircraft: definition
Oxygen System for Commercial Aircraft by Type
Crew oxygen system
Passenger oxygen system
III. MARKET ANALYSIS
For more information on this report, visit https://www.researchandmarkets.com/r/zaoaew
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211029005421/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900