Removal of snow or frost from the airplane surface is known as de-icing. It is achieved by different methods like the use of heat, steam and certain chemicals. This process helps removing the ice and protecting the planes’ surface from buildups, which is crucial for a safe flight. According to the experts, the global aircraft de-icing market is expected to witness steady growth over the next few years. This growth of the market is mainly attributed by the progressing airline industry and technological advancements. Key players in the industry are expected to witness growth opportunities from the emerging markets. Potential players in the industry are also expected to witness investment opportunities over the next few years.
Major Drivers and Restraints
According to the researchers, the global aircraft de-icing market is expected to be driven by growth in the need for passenger safety and comfort and increasing flight delays during the snow. Maintaining safety airport operations during wintry weather conditions is also driving the rate of adoption for this market. Expansion of the existing airports and rapid modernization of the airports around the world are also set to provide growth opportunities to the key players in the market. major restraining factors, for the market however, include regulatory issues and requirements for high initial investments. Optimizing the de-icing and anti-icing fluids and demand for environment friendly fluids are also some of the crucial challenges for the market growth.
In order to understand the revenue forecasts for the market, the researchers segment it on the basis of its basic components. The global aircraft de-icing market is segmented on the basis of the types of fluids, their applications, and geographic demand patterns. The basic types of fluids in the market include Type I, Type II, Type III, & Type IV fluids. The equipment segments in the market include sweepers, de-icing trucks and other products. Major application segments in the market include military and commercial aircrafts. Basic geographic region in the global market include Asia Pacific, Europe, and North America. According to the experts, rising demand from the emerging geographic regions will provide traction to this industry.
As per the latest research reports, the aircraft de-icing market is expected to grow at a steady CAGR of over 5% from 2014 to 2020. At the estimated growth rate, the market is estimated to reach $1.30 billion by the end of the year 2020. Expansion of the airports across North America and Europe are expected to drive this market. Asia Pacific region is also expected to witness impressive growth over the next few years.
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