According to the latest report published by Variant Market Research,the global aircraft ignition system market size is projected to reach $540 million by 2025. In this report, aircraft ignition systemmarket forecast says that the global market is growing at a CAGR of 6.4% from 2017 to 2025. Current airplane engines contain dual aircraft ignition systems for better safety and greater engine performance. High acceptance of electronic ignition systems into the general aviation fleet to include new and better technology is one of the main factors which fuel the growth of the global aircraft ignition system market.
Aircraft Ignition System Market (By System Type: Electronic and Magneto; By Component: Exciters, Igniters, Ignition Leads, Spark Plugs, and Other Components; By Engine Type: Turbine Engine and Reciprocating Engine; By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft, and Unmanned Aerial Vehicles (UAVs); By End User: Original Equipment Manufacturers (OEMs) and Aftermarket; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
High acceptance of electronic ignition systems drives the global aircraft ignition system market
The global aircraft ignition system market trends include improved technology in aircraft ignition systems, high acceptance of electronic ignition systems, and rising number of aircraft deliveries. Though, low acceptance of magneto ignition systems might act as a roadblock for the global aircraft ignition system market growth. Furthermore, development of new aircraft models is likely to offer worthwhile opportunities for the market in the coming years.
System type, component, engine type, platform, end user, and geography are the classification of the global aircraft ignition system market. The system type segment is categorized into electronic and magneto (magneto, by ignition type (low-tension ignition systems and high-tension ignition systems)). Exciters, igniters, ignition leads, spark plugs, and other components are the segregation of component segment. Engine type segment is sub-segmented into turbine engine (turbofan, turboprop, turboshaft, and turbojet (APU)) and reciprocating engine. On the basis of platform, the segmentation includes fixed wing aircraft (military aviation, commercial aviation and, general aviation), rotary wing aircraft (civil helicopters and military helicopters), and unmanned aerial vehicles (UAVs). End user comprises original equipment manufacturers (OEMs) and aftermarket (by solution type (parts and services)).
By geography, global aircraft ignition system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further split in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Electronic, by system type projected to lead the aircraft ignition system market over the forecasted period
On the basis of system type, electronic segment is projected to lead the aircraft ignition system market over the forecasted period. The electronic ignition systems are considered to be more dependable against conventional magneto ignition systems. These have better spark energy & flexible spark timing, that can enhance fuel efficiency. Electronic ignition systems control ignition timings over a mechanical, and vacuum advance. This is expected to fuel the growth of this segment.
Unmanned aerial vehicles (UAVs), by platform is anticipated to gain the fastest CAGR between 2017 and 2025
Unmanned aerial vehicles (UAVs), by platform is predicted to achieve the fastest CAGR during the forecast period. The usage of UAVs has caused decrease in operating costs & high sortie rates, as these vehicles have dangerous endurance as well as potential for high altitude flights. UAVs are used electronic warfare as well as strike missions. Therefore, growing applicability of UAVs in the military & commercial sectors is likely to drive the growth of this segment.
North America anticipated to lead the aircraft ignition system market over the forecast period.
The North American region is anticipated to lead the aircraft ignition system market over the forecast period. The growing air travel has led to the rise in air passenger traffic. The rising air passenger traffic has further contributed to growing aircraft deliveries in North America. This is expected to drive the growth of the North American aircraft ignition systems market.
Key players are offering innovative products and services to increase their aircraft ignition system market share. Main players competing in the market include Air Power, Inc., Transdigm Group, Inc., Woodward, Inc., G3I, Unison, LLC, Meggitt Plc, Electroair, Surefly, Inc., Sky Dynamics, and Aero Inc., among others.