Research Nester published a report titled “Aircraft Ice Protection System Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global aircraft ice protection system market in terms of market segmentation by type, system, technology, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global aircraft ice protection system market is projected to grow at a notable CAGR by attaining a remarkable revenue over the forecast period, i.e., 2022 – 2031. Factors such as, increasing government initiatives towards aircraft safety and the significant necessity to stop ice accumulation on the surface of the aircraft during the flight are estimated to drive the growth of the market over the forecast period. Atmospheric ice forms on the aircraft’s surface on account of particular weather condition that needs to be removed immediately and this task is performed by an ice protection system that is pre-built in the aircraft system. Furthermore, in 2029, the delivery of aircraft was estimated to be around 2,500 worldwide.
The global aircraft ice protection system market, by application, is segmented into business aviation, commercial, and military aviation. Out of these sub-segments, the commercial segment is anticipated to hold the largest share in the market throughout the forecast period. The growth of the commercial segment is attributed to the increasing passenger footfall in commercial flights. For instance, in 2020, global commercial aircraft manufacturing was valued at about USD 165 billion.
Furthermore, the global aircraft ice protection system market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market is projected to grow rapidly in North America region on the back of the presence of multiple major aircraft and ice protection system manufacturers in the region. In 2019, it was noticed that the aircraft manufacturing industry amounted to approximately USD 135 billion in the USA.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Higher Aircraft Crash Possibility Due to Negative Weather Conditions to Drive the Growth of the Market
As per a report by National Transportation Safety Board (NTBS), 53 different weather conditions can be responsible for aviation accidents.
Although, in modern times, enhanced technologies such as, Doppler Radar and weather satellites are utilized to forecast the forthcoming weather condition, a slight possibility of aviation accidents cannot be compromised. Therefore, a highly advanced and upgraded aircraft ice protection system is essentially installed in aircrafts to avoid unpredictable incidents. Such factors are projected to propel the growth of the market over the forecast period.
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However, the requisite high initial investment is expected to operate as a key restraint to the growth of the global aircraft ice protection system market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global aircraft ice protection system market which includes company profiling of CAV System Ltd, Safran incorporated, Clariant Corporate Group, Raytheon Technologies Corporation, Honeywell International Inc., Melrose Industries PLC, Liebherr Group, Meggitt PLC., JBT Corporation, and Curtiss-Wright Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global aircraft ice protection system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.