The global aircraft ignition system market size is anticipated to reach its highest CAGR, majorly on account of improvements in aircraft ignition systems technology. Ignition systems in aircraft are used to initiate ignition through a spark plug in the engine cylinders. The system also facilitates efficient fuel consumption. Fortune Business Insights™ has presented this information in an upcoming report titled, “Aircraft Ignition Systems Market, 2022-2029”. As per the report, aircraft ignition systems are gaining immense popularity due to several reasons. For instance, the development and rapid adoption of electric ignition systems are rising as they have a longer lifespan and can be used in several aircraft.

Request Sample Report PDF –

https://www.fortunebusinessinsights.com/enquiry/sample/aircraft-ignition-system-market-104060

COVID-19 Impact-

The sudden outbreak of the global health crisis has negatively impacted several industries and markets. The requirement for aircraft ignition systems has dropped as the resources are being allocated for strengthening the healthcare sector. As air travel has also declined during the pandemic, the demand for these systems has also declined. Lockdowns, social distancing norms, and curfews are affecting the production levels, and a reduction in revenues can also be witnessed. However, the negative impact of COVID-19 is expected to fade away gradually as economies are trying to return to pre-pandemic levels. It is unclear to comment how long the circumstance may prevail this way. Nonetheless, our research report’s in-depth analysis will you gain a detailed comprehension of this niche market.

Key Players in Aircraft Ignition Systems Market:

  • Woodward Inc. (The U.S.)
  • Meggit PLC (The U.K.)
  • Transdigm Group Inc. (The U.S.)
  • Unison LLC (The U.S.)
  • Electroair Electronic Ignition System (EIS) (The U.S.)
  • Generation 3 Ignition (G3I) (The U.S.)
  • SureFly Partners Ltd.
  • Air Power Inc. (The U.S.)
  • Sky Dynamics Corp. (The U.S.)
  • Aero Inc. (The U.S.)

Segmentation-

On the basis of its type, the market bifurcates into the magneto ignition system and electronic ignition system. On the basis of its components, the market segments into igniters, exciters, spark plugs, ignition leads, etc. On the basis of engine type, the market divides into turbine engines and reciprocating engines. On the basis of its platform, the market segments into unmanned aerial vehicles, fixed-wing aircraft, and rotary-wing aircraft. On the basis of its end-user, the market fragments into OEM and aftermarket. Geographically, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Contact us for Customization in the Report –

https://www.fortunebusinessinsights.com/enquiry/customization/aircraft-ignition-system-market-104060

 

Report Coverage-

The report incorporates PESTLE Analysis and Porters’ Five Forces Analysis for a meticulous study of the market. The report follows an innovative methodology using top-down and bottom-up approaches for an unerring prediction. The report also incorporates PESTLE Analysis for precise analysis of the regional landscape of the market. The report presents information gathered through interviews with multiple stakeholders at regional, country, and global levels. The report also highlights recent industry developments, including key trends, product developments, innovations, etc.

Drivers & Restraints-

Extensive Use in Unmanned Aerial Vehicles to Propel Market Growth

As the technology in aircraft ignition systems is improving, the adoption of these systems in advanced military aircraft is also rising. Electric ignition systems have experienced an increase in demand due to the mounting application of these systems in unmanned aerial vehicles. Electric ignition systems facilitate better fuel economy and also have a longer lifespan. Since the demand for fuel-efficient aircraft systems is rising, it is expected to propel the aircraft ignition systems market growth as well. The development of lightweight aircraft systems and the integration of these systems is anticipated to generate plenty of growth opportunities.

However, the complications due to aircraft system design regulation are expected to hinder the market growth.

Regional Insights-

North America to Assert Dominance in Global Market Growth

Huge investments in enhancing the defense infrastructure, the rising adoption of fuel-saving, technologically advanced systems, and the key OEMs like Transdigm Group Inc., Woodward Inc., etc., present in the region are expected to help North America hold a large chunk in the global aircraft ignition systems market share.

The constantly expanding aviation industry in countries like China, South Korea, and India is escalating the demand for commercial vehicles in the region. This is expected to help the Asia Pacific witness significant growth in the forthcoming years.

The Rest of the World anticipates slow growth on account of reduced commercial aircraft deliveries caused by the COVID-19 pandemic.

Competitive Landscape-

The global aircraft ignition systems market is fairly consolidated, with key players present at regional and global levels. Product innovations, new launches, and alliances are expected to prevail as key growth strategies in the forthcoming years. For instance, Unison LLC, in June 2019, launched its modern aircraft igniters with improved lifespan and enhanced performance.

Industry Developments-

  • November 2019: Unison LLC signed a long-term contract with Alaska Airlines to provides its state-of-the-art igniter plugs for the CFM56-7 fleet of Alaska Airlines.
  • July 2019: Alco Corporation’s subsidiary company, Lycoming Engines, launched its top-class electronic ignition system.

Inquire Before Buying This Report –

https://www.fortunebusinessinsights.com/enquiry/queries/aircraft-ignition-system-market-104060

Read Other News:

https://andrew-brown.mn.co/posts/27834625

https://network-79939.mn.co/posts/27834627

https://fishjines.mn.co/posts/27834629

https://synkretic.mn.co/posts/27834915

https://wecanchat.mn.co/posts/27834917

https://howtolive.tribe.so/post/the-global-satellite-manufacturing-and-launch-system-market-size-is-expecte–634539201468c34206c5c7ff

https://websitebox.tribe.so/

https://www.metroflog.co/post/231831

https://beyondher.mn.co/posts/27834536

https://network-66643.mn.co/posts/27834920

 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email[email protected]

Fortune Business Insights™

Linkedin | Twitter | Blogs

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.