Global Aircraft Ignition System Market Set for a Positive Growth Forecast at CAGR of 5.27% till 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Global Aircraft Ignition System Market Forecast to 2022” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Aircraft Ignition System Market is projected to grow at a CAGR of 5.27% from 2017 to 2022
The aircraft ignition system market is projected to grow from USD 338.5 million in 2017 to USD 437.6 million by 2022, at a CAGR of 5.27% from 2017 to 2022. Technological advancements in aircraft ignition system, increasing demand of aircraft ignition system in UAVs, high adoption of the electronic ignition system, and increase in a number of aircraft deliveries are key factors driving the growth of the aircraft ignition system market. However, decreasing adoption of magneto ignition system act as a major restraint for the market.
Based on platform, the fixed wing aircraft segment is estimated to account for the largest share of the aircraft ignition system market in 2017
Based on platform, the fixed wing aircraft segment is estimated to account for the largest share of the aircraft ignition system market in 2017. The growth of the business and general aviation sectors is driving the demand for fixed wing aircraft.
Request a free sample copy of Aircraft Ignition System Market Report @ https://www.bharatbook.com/defence-security-market-research-reports-991058/aircraft-ignition-system-engine-type-component-end-user-region-global-forecast.html
The North America region is estimated to account for the largest share in 2017
The North American region is estimated to account for the largest share of the aircraft ignition system market in 2017. Increase in disposable income of individuals has contributed to rise in air travel, which, in turn, has led to the increase in air passenger traffic. The rise in air passenger traffic has contributed to increasing aircraft deliveries in North America, which has further propelled the demand for aircraft ignition systems in this region. The aircraft ignition system market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for new aircraft in the region, which is anticipated to boost the aircraft ignition system market during the forecast period.
The breakup of the profiles of the primary participants in this report on the aircraft ignition system market has been given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
- By Region: North America - 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
Key players operating in the aircraft ignition system market are Woodward (US), TransDigm (US), Unison (US), G3I (US), Meggitt (UK), and Electroair (US), and manufacturers of different types of aircraft ignition system include SureFly (US), Air Power, Inc. (US), Aero Inc. (US), and Sky Dynamics (US).
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Aircraft Ignition System Market is projected to grow at a CAGR of 5.27% from 2017 to 2022
The aircraft ignition system market is projected to grow from USD 338.5 million in 2017 to USD 437.6 million by 2022, at a CAGR of 5.27% from 2017 to 2022. Technological advancements in aircraft ignition system, increasing demand of aircraft ignition system in UAVs, high adoption of the electronic ignition system, and increase in a number of aircraft deliveries are key factors driving the growth of the aircraft ignition system market. However, decreasing adoption of magneto ignition system act as a major restraint for the market.
Based on platform, the fixed wing aircraft segment is estimated to account for the largest share of the aircraft ignition system market in 2017
Based on platform, the fixed wing aircraft segment is estimated to account for the largest share of the aircraft ignition system market in 2017. The growth of the business and general aviation sectors is driving the demand for fixed wing aircraft.
Request a free sample copy of Aircraft Ignition System Market Report @ https://www.bharatbook.com/defence-security-market-research-reports-991058/aircraft-ignition-system-engine-type-component-end-user-region-global-forecast.html
The North America region is estimated to account for the largest share in 2017
The North American region is estimated to account for the largest share of the aircraft ignition system market in 2017. Increase in disposable income of individuals has contributed to rise in air travel, which, in turn, has led to the increase in air passenger traffic. The rise in air passenger traffic has contributed to increasing aircraft deliveries in North America, which has further propelled the demand for aircraft ignition systems in this region. The aircraft ignition system market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the increased demand for new aircraft in the region, which is anticipated to boost the aircraft ignition system market during the forecast period.
The breakup of the profiles of the primary participants in this report on the aircraft ignition system market has been given below:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
- By Region: North America - 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
Key players operating in the aircraft ignition system market are Woodward (US), TransDigm (US), Unison (US), G3I (US), Meggitt (UK), and Electroair (US), and manufacturers of different types of aircraft ignition system include SureFly (US), Air Power, Inc. (US), Aero Inc. (US), and Sky Dynamics (US).
To browse full research report with TOC, click the link below :
https://www.bharatbook.com/defence-security-market-research-reports-991058/aircraft-ignition-system-engine-type-component-end-user-region-global-forecast.html
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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