06242017Headline:

Commercial Aircraft Oxygen System Market to Maintain an Upward Trend over the Coming Years

Commercial aircraft oxygen systems provide oxygen supply to the passengers and crew in an aircraft while it is in flight. These systems are put to use when the air pressure in cabin reduces when the altitude of aircraft is above 12,000 ft., or in case of any emergency. With the growing number of air travel passengers and demand for lightweight aircraft equipment, the demand for CAOS has escalated over the past few years, thereby driving the global CAOS market towards growth.

Market Drivers & Restraints

The major factors influencing the growth of the global commercial aircraft oxygen system (CAOS) market are:

  • Growing demand for new aircraft deliveries
  • Increasing air travel passengers across the globe
  • Growing need for lightweight aircraft equipment
  • Easy availability of small and robust components

Moreover, rising need for replacing aging aircrafts and growth in commercial line fit market are further expected to present ample growth opportunities for this market. However, factors such as strict regulations for air safety and limited production capacity of suppliers are expected to hamper the growth of this market.

Market Scenario

Estimated to grow at a CAGR of 6.33% during the forecast period, the commercial aircraft oxygen systems market which was valued at USD 3.29 Billion in 2015 is expected to reach USD 4.47 Billion by the end of 2020. Among regions, North America held the largest market share in 2015, and is also likely to lead the market over the forecast period. However, Europe is expected to grow at the highest CAGR, owing to the growth in commercial line fit market. Moreover, the market in Asia-Pacific is also expected to witness significant growth between 2015 and 2020, thanks to the increasing demand for new commercial aircrafts by various airlines.

Based on mechanism, the segment is bifurcated into chemical oxygen generator and compressed oxygen generator. Among chemical oxygen generators, the sub-segment of lavatory oxygen system is anticipated to grow at the highest CAGR over the forecast period. Whereas based on system, the passenger oxygen system is predicted to hold the largest market share.

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Research Scope

The analysis and forecasts for the global commercial aircraft oxygen system (CAOS) market has been done on the basis of following segmentation:

  • System: Passenger Oxygen System, Crew Oxygen System
  • Component: Oxygen Storage System, Oxygen Delivery System, Oxygen Mask
  • Mechanism: Chemical Oxygen Generator, Compressed Oxygen System
  • Geography: North America, Europe, Asia-Pacific, The Middle East, RoW

B/E Aerospace, Inc. (U.S.), Zodiac Aerospace (France), Cobham plc (U.K.), and Technodinamika (Russia) are the prominent players operating in the global market for CAOS.

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