Aircraft Ignition System Market Insights
The global aircraft ignition market is expected to grow at CAGR of more than 5% over the forecast period. This growth is mainly attributed to increasing technological advancements with the aim of enhancing reliability and increasing the lifespan of aircraft ignition system as compared to conventional systems. Along with this, rising adoption of electronic ignition systems is also likely to stimulate the market growth. Moreover, growing demand for aircraft ignition system in UAVs is further likely to augment the market growth over the coming years.
Aircraft Ignition System Market: Type Insights
On the basis of type, the aircraft ignition market is segmented into electronic and magneto. The magneto segment is further segregated into high tension and low tension ignition systems. The market for magneto ignition system is expected to occupy highest share over the forecast period. Magnetos are engine driven self-contained units that supply electrical current without using an external source of current. Moreover, rising application of magnetos in reciprocating aircraft engines is likely to boost the segment growth.
Aircraft Ignition System Market: Engine Type Insights
By engine type, the aircraft ignition market is segmented into reciprocating and turbine engines. The turbine engines are anticipated to grow at a significant rate over the forecast period as it offers a number of benefits such as high speed, ability to fly at high altitudes, vibration-free operation, and longer time between overhaul among others. Moreover, due to their huge size, they are able to carry more passengers and cover a larger distance than reciprocating engine.
The reciprocating engines are also projected to grow significantly over the years owing to factors such as solid performance and low cost of entry.
Aircraft Ignition System Market: Component Insights
On the basis of component, the aircraft ignition market is segmented into igniters, ignition leads, exciters and spark plugs among others. The spark plugs segment is anticipated to dominate the market due to factors such as superior insulation properties, high flexibility and high heat-resistance.
The market for ignition leads is also projected to grow at a significant CAGR due to its low resistance value which allows superior conductivity, advanced insulating material, and exceptional long-life durability among others.
Aircraft Ignition System Market: Platform/ Application Insights
On the basis of platform, the aircraft ignition market is segmented into Fixed-Wing Aircraft, Rotary-Wing Aircraft and Unmanned Aerial Vehicle (UAV). The market for UAV segment is expected to occupy the highest share on account of its rising application in military and commercial sectors. Moreover, factors such as extreme endurance, low operating costs and increase in sortie rates is likely to favour the sector.
Aircraft Ignition System market is divided into original equipment manufacturer and aftermarket, based on application. The aftermarket segment is anticipated to dominate the market over the forecast period due to its increased demand in security of component mounting and replacement of various parts.
Aircraft Ignition System Market: Regional Insights
North America occupied the largest share of this market since the past few years. This can be attributed to presence of key manufactures. Moreover, rising air passenger traffic due to increasing air travel by consumers is anticipated to augment market growth. Asia Pacific is expected to grow at a considerable CAGR over the forecast period, due to the increased demand for new aircrafts in the region.
Aircraft Ignition System Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Aircraft Ignition System Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase aircraft ignition system over the coming years. Some leading consumers of this market are Gulfstream Aerospace Corp., and FCI Aerospace among others.
Aircraft Ignition System Market Share & Competitor Analysis
The key players in the market include Aero, Woodward, Transdigm, Meggitt, Unison, Electroair, Surefly, Surefly, Sky Dynamics, and Air Power among others.
In November 2017, Siemens, Rolls-Royce, and Airbus announced entering into an agreement to develop hybrid-electric aircraft. The collaboration aims to launch a part-electric test aircraft in air by 2020.
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