Aircraft Oxygen Systems Market worth 4.47 Billion USD by 2020

(I-TravelNewswire.Com, March 22, 2017 ) The report "Aircraft Oxygen System Market by System (Passenger Oxygen System, Crew Oxygen System,) Component (Oxygen Storage, Oxygen Delivery, Oxygen Mask), Mechanism (Chemical Oxygen Generator, Compressed Oxygen System), Technology and Geography - Global Forecast to 2020",

The aircraft oxygen systems (AOS) market is projected to reach USD 4.47 Billion by 2020, at a CAGR of 6.33% from 2015 to 2020. Factors such as easy availability of smaller robust components, growth in the line fit market, and increase in in passenger traffic worldwide will drive the growth of the AOS market.

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Europe is one of the leading regions in the aircraft oxygen systems market, considering the advancements made in the civil aviation sector. It has commanded 20% of the existing aircraft fleet globally, which has opened opportunities for the retrofit market in this region. Also, this region is a leading manufacturer of aircraft, such as Airbus and ATR, which has further led to the rise in demand for aircraft oxygen systems.

The line fit assembly market is very limited in the Asia-Pacific and the Middle East regions due to non-existence of aircraft manufacturers. The oxygen delivery systems have negligible market share in these regions as these systems are installed during the aircraft manufacturing process. The North American and the European regions accounted for a larger share in the aircraft oxygen systems market.

The market for lavatory oxygen systems is expected to witness the highest growth during the forecast period.

A lavatory oxygen system provides oxygen to passengers occupying the aircraft lavatory during a cabin depressurization event. Recent lavatory oxygen systems are designed to match the descent profiles of oxygen generators that were previously installed in aircraft lavatories. In 2011, in a security-related decision, the FAA ordered aircraft operators to remove or disable the existing lavatory oxygen systems. However, in 2013, the FAA revised these regulations and mandated each aircraft type to install lavatory oxygen systems in aircraft lavatories for passenger safety.

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Key players operating in the aircraft oxygen systems market include B/E Aerospace (U.S.), Zodiac Aerospace S.A. (France), Cobham plc (U.K.), and Technodinamika (Russia).

The forecast of the size of the aircraft oxygen systems market for 2020 is determined by extensive primary and secondary research and integration of inputs on the key drivers and trends in this market. The market scope covers the segments and sub segments of the aircraft oxygen systems market, namely, system, component, mechanism, and technology.

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