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Aircraft Ignition System Market Trends

Report ID: GMI4658
Published Date: Sep 2023
Report Format: PDF

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Aircraft Ignition System Market Trends

The aircraft ignition system industry is experiencing growth due to several key factors. The global aviation industry continues to expand with increasing air travel demand driven by rising disposable incomes and urbanization. This necessitates the production of more aircraft, each requiring a reliable ignition system. Technological advancements in ignition systems have enhanced fuel efficiency, reduced emissions, and improved overall aircraft performance, compelling airlines & aircraft manufacturers to adopt newer systems. The stringent safety regulations and the need for consistent, fail-safe ignition systems in aviation contribute to market growth.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft ignition system surpassed USD 327 million in 2022 and is poised to expand at over 5% CAGR from 2023 to 2032 attributed to the increasing demand for air travel, the expansion of the aviation industry, and the higher need for advanced ignition systems

The rotary wing segment held 8% share of the aircraft ignition system industry in 2022 and is expected to record substantial growth through 2032 owing to widespread application across military, search & rescue, medical transport, and offshore operations.

Industry size for Asia pacific aircraft ignition system is expected to grow at over 6% CAGR from 2023 to 2032 driven by the significant growth in air travel, driven by rising disposable incomes and urbanization.

Some of the top aircraft ignition system companies are Air Power, Champion Aerospace, Electroair, G3I, Meggitt, Sky Dynamics, Surefly, Transdigm, Unison, and Woodward.