Aircraft oxygen cylinder, typically made of steel, aluminum, or composite, are crafted to store pure oxygen and are designed to withstand the regular movement and buffeting around in overhead lockers during flight. These are available as portable cabin safety solutions or with oxygen systems integrated to the aircraft. The growing popularity of carbon composite cabin oxygen cylinders can be attributed to its light weight and durability. Higher frequency of air travel and improvement in aviation safety are expected to accelerate the growth of market in near future.
MARKET SCOPE
The "Global Aircraft Oxygen Cylinder Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of aircraft oxygen cylinder market with detailed market segmentation by type, deployment. flow type, oxygen type, and geography. The global aircraft oxygen cylinder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft oxygen cylinder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the aircraft oxygen cylinder market is segmented into steel cylinders, aluminum cylinders, and composite cylinders.
- On the basis of deployment, the aircraft oxygen cylinder market is bifurcated into portable and aircraft integrated.
- On the basis of flow type, the market is segmented into continuous flow systems and demand flow system
- Based on oxygen type, the market is segmented into pressurized oxygen and chemical oxygen.
MARKET DYNAMICS
Drivers
o Increasing number of air passengers and improvement in commercial aviation safety systems
o Rise in production of advanced military aircraft
Restraint -
o Limited market players focusing on research and development
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft oxygen cylinder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the aircraft oxygen cylinder market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT OXYGEN CYLINDER MARKET
The impact of the pandemic was far reaching on nearly all segments of the aviation and aerospace industry, including aircraft oxygen cylinder manufacturers. Airlines were predominantly focusing on reducing costs and expenses during 2021 to tackle the drastic drop in demand. The measures included cutting back on aircraft renovation and manufacturing. For instance, in 2020, the COVID-19 pandemic reduced over 5.9 billion passengers for the whole year 2020 compared to the projected baseline (pre-COVID-19 forecast for 2020), representing a decline of 62.3% of global passenger traffic. This led to an unprecedented fall in demand for aircraft oxygen cylinder from the commercial airlines and general aviation sector.
However, with the successful implementation of vaccine drives and imposition of COVID-19 related norms in flights, domestic passenger traffic is recovering faster than international traffic. Major domestic markets are progressing towards recovery by the end of first half of 2021, accelerating its pace in the second half, especially the US, by far the biggest domestic market. Furthermore, the demand for aircraft oxygen cylinder from the defense sector remain largely unaffected, and rather increased in some regions. Thus, the market for aircraft oxygen cylinder, after sliding to an all-time low in 2020-2021, is expected to recover gradually during 2021-2022.
MARKET PLAYERS
The reports cover key developments in the aircraft oxygen cylinder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Aircraft Oxygen Cylinder market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft oxygen cylinder market. Below mentioned is the list of few companies engaged in the aircraft oxygen cylinder market.
The report also includes the profiles of key aircraft oxygen cylinder market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aerox Aviation Oxygen Systems
- AIR TEAM, s.r.o
- AMS Composite Cylinders
- CASP AEROSPACE
- Cobham Mission Systems Wimborne Limited (Eaton Group)
- Fluid Power, Inc.
- Luxfer Gas Cylinders
- Mountain High E&S
- Norris Cylinder
- Safran Group