Menu ×

ENERGY & POWER

Aircraft Ice Protection System Market by Type (Thermal Pneumatic, Thermal Electric, and Chemical); by System (Anti-Icing and De-Icing); by Technology (Bleed Thermal, Electro-Thermal, Pneumatic, and Others); and by Application (Business Aviation, Commercial, and Military Aviation) – Global Demand Analysis & Opportunity Outlook 2031

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

IN THE NEWS

  • May 11, 2022: Liebherr group makes the delivery of LTM 1110-5.1, a crane model, to Fagioli S.p.A. This crane model is known to facilitate considerable support owing to its high mobility, flexibility, and versatility. 

  • April 13, 2022: CLARIANT Corporate Group to introduce a price increase across the Catalysts portfolio as the contract permits the implementation time.

Global Aircraft Ice Protection System Market Highlights Over 2022 – 2031

The global aircraft ice protection system market is estimated to garner remarkable revenue by growing at a notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to factors such as the significant requirement to remove atmospheric ice from windshields, rotor blades, propellers, leading edges, wings, and engine air inlets of aircraft and rising government initiatives toward aircraft safety. The aircraft ice protection system is developed to avoid ice accumulation on the surface of aircraft during the flight. The ice protection system is generally pre-installed in the aircraft to improve its reliability and durability. The ice protection system includes duct heaters, tail strike indicators, water tank heaters, ice protection control units, and other heated elements. Moreover, in 2019, the global deliveries of aircraft were estimated at about 2,500. Furthermore, noteworthy growth is observed in airplane manufacturing industry in recent decades. For instance, the global airplane manufacturing market was valued at approximately USD 400 billion in 2021. Hence, these are major factors that are projected to influence the global aircraft ice protection market positively over the forecast period.

Aircraft Ice Protection System Market

Get more information on this report: Request Sample PDF

The market is segmented by application into business aviation, commercial, and military aviation, out of which, the commercial segment is anticipated to hold the largest share in the global aircraft ice protection system market on account of demand for specialized services such as surveying, construction, agriculture, observation, patrolling, advertisement, and others. The growth of the commercial segment is also ascribed to higher utilization of halts by passengers and flights between selected airports based on the scheduled time. Furthermore, in 2020, the total global commercial aircraft manufacturing amounted to approximately USD 165 billion.

Major Macro-Economic Indicators Impacting the Market Growth

Major Macro-Economic Indicators Impacting the Market Growth

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of the source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to a decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by the shutdown of numerous business operations impacting their growth. This also resulted in the decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas, and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environmental degradation and awareness related to climate change are motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Aircraft Ice Protection System Market Regional Synopsis

Regionally, the global aircraft ice protection system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is projected to witness noteworthy growth over the forecast period on the back of the presence of many ice protection systems and aircraft manufacturers in the region. In 2019, the aircraft manufacturing industry amounted to approximately USD 135 billion in the US and is further forecasted to grow over the forecast period. Furthermore, the United States is considered the country to have the highest number of airports in the world. For instance, in 2019, it was noticed that more than 20,000 airports are solely located in the United States.

Furthermore, the global aircraft ice protection system market is also projected to grow at a remarkable pace in the Asia Pacific region during the forecast period. The growth of the market in the region can be accounted to the rising manufacturing of aircraft and the growing aircraft maintenance market in the region. For instance, in 2021, the only aircraft engine maintenance market was valued at around 5 billion U.S. dollars in the Asia Pacific region. All these factors are projected to boost the growth of the market in the region over the forecast period.

Aircraft Ice Protection System  Market Share

Get more information on this report: Request Sample PDF

The global aircraft ice protection system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global aircraft ice protection system market includes the following segments:

By Type

  • Thermal Pneumatic
  • Thermal Electric
  • Chemical

By System

  • Anti-Icing  
  • De-Icing

By Technology

  • Bleed Thermal
  • Electro-Thermal
  • Pneumatic
  • Others

By Application

  • Business Aviation
  • Commercial
  • Military Aviation

Growth Drivers

  • Higher Necessity to Remove Atmospheric Ice from Aircraft Surface
  • Rising Awareness Toward Aircraft Safety

Challenges

  • Requirement for High Initial Investment

Top Featured Companies Dominating the Market

  • CAV System Ltd
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Safran Incorporated
  • CLARIANT Corporate Group
  • Raytheon Technologies Corporation
  • Honeywell International Inc.
  • Melrose Industries PLC
  • Liebherr Group (Liebherr-Werk Ehingen GmbH)
  • Meggitt PLC.
  • JBT Corporation
  • Curtiss-Wright Corporation

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions | LOB

Copyright © 2022 Research Nester. All Rights Reserved