(Aviation-NewsWire.Com, August 24, 2017 ) The global oxygen systems market in the aerospace industry offers a good growth opportunity and is likely to witness 5.5% CAGR during the forecast period of 2016 to 2021. Increasing commercial and regional aircraft deliveries, high growth of wide body aircraft, and growing aircraft fleet size are the key drivers of the global aerospace oxygen systems market. Passenger oxygen system is expected to remain the largest segment during the forecast period. Higher number of passenger oxygen systems in an aircraft cabin than crew oxygen systems and higher replacement rate are the major drivers for the passenger oxygen systems market.
In terms of mechanism type, chemical oxygen system is expected to exhibit the fastest growth during the forecast period. Chemical oxygen system generally comprises sodium chromate (NaClO3) along with smaller amounts of other chemicals and converts these chemicals into oxygen flow when the source is activated. This system is installed in the overhead stowage bin above the passenger seat.
Air Liquide Aviation Oxygen System, Inc. BASA Aviation Ltd. B/E Aerospace C & D Zodiac Aerospace Cobham Plc Precise Flight, Inc. Ventura Aerospace, Inc. Technodinamika Holding, Jsc
Report Features:
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. -Attractive market segments and associated growth opportunities -Emerging trends -Strategic growth opportunities for the existing and new players -Key success factors
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