The global aircraft ice protection system market size is set to gain traction owing to the growing preference for electric architecture in new generation aircrafts. Fortune Business InsightsTM has presented this information in its report titled “Aircraft Ice Protection System Market, 2022-2029”.
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COVID-19 to have a negative impact on the market
The COVID-19 pandemic is expected to have a negative impact on the growth of the aircraft ice protection system. The declining market growth is primarily due to travel restrictions imposed by governments around the world to control the spread of the virus. Aside from that, the unprecedented economic downturn caused by the coronavirus has forced countries, particularly developing countries, to prioritize their spending, which is likely to stymie future investments in this sector. These factors, taken together, will create unfavorable conditions for this market in the short term.
On the basis of type, the market is bifurcated into de-icing and anti-icing. On the basis of technology, the market is divided into thermal, passive, mechanical, electrical, and others. On the basis of application, the market is segmented into tail, wings, propellers, windshields, engine air inlet, and others. On the basis of end-user, the market is fragmented into general aviation, defense aviation, and commercial aviation. Geographically, the market is classified into North America, Europe, Latin America, Asia Pacific, the Middle East & Africa.
Report Coverage –
The report covers details on the aircraft ice protection system market. The report comprises segments like the restraining and driving factors of the market, COVID-19 impact, challenges faced throughout and post-pandemic, growth opportunities and expansion tactics adopted by prominent players in the industry.
Drivers & Restraints –
Electric Architecture in New Generation Aircrafts to Augment Market Growth
The growing preference for electric architecture in new generation aircrafts to augment the growth. Furthermore, innovation of carbon nanotube (CNT) heater based technology will additionally drive the market growth. However, the aircraft ice protection system market growth will be hampered as these systems require costly maintenance.
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Regional Insights –
North America to Hold a Sizeable Market Share
The market is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
In the base year, North America had a sizable aircraft ice protection system market share. This share is due to the presence of numerous aircraft ice protection systems and associated component manufacturers, as well as aircraft manufacturers, in the U.S.
Due to the increased emphasis on strengthening defense capabilities by the governments of Germany, France, and the U.K., Europe had the second-largest market share in the base year.
During the forecast period, Asia Pacific will experience strong market growth. This expansion can be attributed to China’s and India’s increasing demand for advanced military aircraft.
The growing emphasis on the adoption of aircraft ice protection systems around the world is expected to drive market growth in Latin America and the Middle East and Africa, respectively, over the forecast period.
Competitive Landscape –
Bell Textron Inc. awarded Meggitt PLC
Key players adopt strategies such as mergers, acquisitions, and collaborations in order to sustain their market presence. For instance, in February 2020, Bell Textron Inc awarded Meggitt PLC a USD 73 million contract to supply composite ice protection components for the V-22 Osprey.
September 2020: The newly released TECNAM P2012 Sentinel SMP challenges the status quo of technology and design by combining cutting-edge technology and efficiency with distinctive Italian-style, as well as CAV’s own TKS Ice Protection System.
List of Key Players in the Global Market –
- Meggitt PLC
- Melrose Industries PLC
- United Technologies Corp
- JBT Corporation
- Honeywell International
- Curtis Wright
- Cav Ice Protection Inc
- Ultra Electronics
- Cox & Company
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