Global Aircraft Ignition System Market is Estimated to Reach $540 Million by 2025, Says Accurize Market Research
Global Aircraft Ignition System Market report published by Accurize Market Research forecast that the global market is expected to reach $540 Million by 2025; growing at a CAGR of 6.4% from 2017 to 2025. High acceptance of electronic ignition systems into the general aviation fleet to include new and better technology is one of the main factors supplementing the growth of the market.
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High acceptance of electronic ignition systems drives the market
The global aircraft ignition system market trends include improved technology in aircraft ignition systems, high acceptance of electronic ignition systems, and rising number of aircraft deliveries. Furthermore, development of new aircraft models is likely to offer worthwhile opportunities for the market in the coming years.
Market Segmentation
System type, component, engine type, platform, end user, and geography are the classification of the global aircraft ignition system market. The system type segment is categorized into electronic and magneto. Exciters, igniters, ignition leads, spark plugs, and other components are the segregation of component segment. Engine type segment is sub-segmented into turbine engine and reciprocating engine. On the basis of platform, the segmentation includes fixed wing aircraft, rotary wing aircraft, and unmanned aerial vehicles (UAVs). End user comprises original equipment manufacturers (OEMs) and aftermarket.
By geography, global aircraft ignition system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further split in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Electronic, by system type projected to lead the aircraft ignition system market over the forecasted period
On the basis of system type, electronic segment is projected to lead the aircraft ignition system market over the forecasted period. Electronic ignition systems control ignition timings over a mechanical, and vacuum advance. This is expected to fuel the growth of this segment.
Unmanned aerial vehicles (UAVs), by platform is anticipated to gain the fastest CAGR between 2017 and 2025
The usage of UAVs has caused decrease in operating costs & high sortie rates, as these vehicles have dangerous endurance as well as potential for high altitude flights. Therefore, growing applicability of UAVs in the military & commercial sectors is likely to drive the growth of this segment.
North America is anticipated to lead the aircraft ignition system market over the forecast period.
The North American region is anticipated to lead the aircraft ignition system market over the forecast period. The growing air travel has led to the rise in air passenger traffic. The rising air passenger traffic has further contributed to growing aircraft deliveries in North America. This is expected to drive the growth of the North American aircraft ignition systems market.
Competitive Landscape
Key players in the market include Air Power, Inc., Transdigm Group, Inc., Woodward, Inc., G3I, Unison, LLC, Meggitt Plc, Electroair, Surefly, Inc., Sky Dynamics, and Aero Inc., among others.
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