Environmental control system is an essential part of an aircraft, providing air supply and ventilation, thermal control, and cabin pressurization to the crew and passengers. Advancements in technology have led to the development of new environmental control systems that make use of electrical sources that have an advantage over traditional systems. They help in reducing the overall operational and maintenance cost of an aircraft, thereby making the aircraft more energy efficient, resulting in less fuel consumption and reduced cost of operations.
The worldwide environmental control systems market that was valued at USDs 3.27 Billion in 2016 is expected to reach a value of USD 4.22 Billion by 2022, registering a CAGR of 4.34% during the forecast period from 2016 to 2022.
Based on system, the thermal management & control system segment is expected to be the leading market over the forecast period. This growth can be attributed to the increased due to the rising amount of heat loads from various avionics functionality, environmental control system architectures, and high-temperature sensitivity of composite material systems in comparison to the traditional metallic designs.
Among end-users, the defense segment is expected to witness the highest growth over the forecast period, owing to huge investments from the U.S. defense to enhance their battlefield capabilities.
Regional growth scenario of the market
Among regions, North America is expected to be the largest market over the forecast period, owing to the use of single aisle aircraft in this region, since they are equipped with advanced technologies and are fuel-efficient. The anticipated increase in the delivery of medium-sized airplanes is the major driving factor for the growth of this market in the coming years. However, the market for environmental control systems in Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to the increasing air passenger traffic and disposable income of people, which in turn has resulted in the rise in demand for new aircrafts, thereby boosting the demand for environmental control systems.
Drivers and restraints for the market
The growth of the global market for environmental control systems is being majorly influenced by the following factors:
- Technological advancements in environmental control systems
- Increased air traffic across many regions
In addition, development of new aircraft models, growing demand for business jets in emerging economies, and reduced usage of bleed air are expected further create an array of growth opportunities in the coming years.
However, existing backlog of aircraft deliveries, resulting in stagnant lifecycle of the product is the major factor hampering the growth of the market. Moreover, strict safety regulations and inefficiency of ECS in switching between heating and cooling systems are the key challenges being encountered by the players involved in this market.
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Key players and growth strategies adopted for sustenance
Liebherr-International AG (Switzerland), Honeywell International, Inc. (U.S.), Curtiss-Wright Corporation (U.S.), Meggitt, PLC. (U.K.), and United Technologies Corporation (U.S.), among others are the major players operating in the worldwide market for environment control systems. Contracts and agreements & acquisitions are the two major strategies being adopted by these companies in for a sustained growth as well as expand their presence across the globe. Liebherr-International AG (Switzerland) is currently one of the top companies in this market. The company has been actively focusing on procuring government contracts in order to sustain as well as grow in the market. It is also actively investing in research & development and also has diverse product portfolio.