Aircraft Air Cycle Machine Market is segmented by Type [Simple Cycle, Two- Wheel Bootstrap, Three- Wheel, Four- Wheel/Dual- Spool, Simple cycle consisting of a turbine and fan on a common shaft ], By Application (Military Aviation, Civil Aviation), By Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
An aircraft air cycle machine (ACM) is the refrigeration unit of the Environmental Control System (ECS) utilized in pressurized gas turbine-controlled aircraft. Regularly an aircraft has a few of these ACM. Each ACM and its parts frequently allude to an air conditioning/cooling pack. Instead of a phase changing material, the air cycle cooling measure utilizes air. It does not involve evaporation or condensation of a refrigerant, and it uses the cooled air yield from the cycle straightforwardly for cooling electronic equipment or cabin ventilation. Types of ACM include; simple cycle, two-wheel bootstrap, three-wheel, and four-wheel/dual-spool are the types of ACM.
Aircraft Air Cycle Machine Market size was estimated at $xx Million in 2022 and is expected to reach $xx Million by 2031, growing at a CAGR of 11.5% during the forecast period of 2022 to 2031.
Aircraft Air Cycle Machine Market Growth and Trends
The aircraft air cycle machine market is expanding significantly across the world owing to the rising preference of passengers towards air travel facilities. Further, the aviation sector is growing commendably for business and general purposes, which in turn is increasing the investment by the government in the aviation industry. Thus, the maintenance and proper functioning of aircraft become important. The ongoing innovations in the air cycle machine market are anticipated to double the market growth during the forecast period. The emerging companies contributing to the aircraft air cycle machine market are focusing on manufacturing simple and compact machines which are in high demand in various industries such as military aircraft and passenger aircraft. In addition, the government is supporting the expansion of the global aircraft air cycle market by funding for constructing airports in various countries. Increasing demand for air connectivity and availability of cost-efficient aircraft are also the major factors propelling the aircraft air cycle machine market. The technologically advanced air cycle machines increase the optimization efficiency of aircraft which is again projected to augment the aircraft air cycle machine market revenue in near future. However, these products may be inefficient at very high altitudes which creates several security issues. Moreover, the high cost associated with the product installation is expected to restrain the market growth. Also, the adverse effects of the coronavirus pandemic on air travel hampered the market growth on a large scale in the last few years and remain unpredictable for the upcoming few years.
Aircraft Air Cycle Machine Market Segmentation
The aircraft air cycle machines find their major application in military aviation. The government has been investing in the military sector on a large scale for the past few years. Thus, this sector is working commendably on making the aircraft more efficient and optimized. Thus, the military aviation segment generated significant revenue in 2021 and is anticipated to project for the highest CAGR during the forecast period. Simple cycle, two-wheel bootstrap, three-wheel, four-wheel/dual-pool, and a simple cycle consisting of a turbine and fan on a common shaft are the different types of products available in the aircraft air cycle machine market. However, the simple cycle segment generated a decent revenue owing to its compact size and high efficiency. In addition, the air cycle machines having two, three, and four wheels are anticipated to generate a significant share for the aircraft air cycle machine market in the upcoming years.
Market Share and Competition
Aircraft Air Cycle Machine Industry Regional Analysis
Key players like Honeywell International Inc, Global Aerospace Corporation, and Aviatron Mirai Intex have propelled the aircraft air cycle machine market to grow at a turbulent rate. North America is estimated to hold the largest share in the market for reaching better product differentiation with key players comprehending improvements. Asia Pacific region is expected to grow in the global market with a strategic understanding of effective trends that garners enough coverage. Europe with its improving financial capacity is expected to grow spontaneously during the forecast period with a high CAGR while the Middle East and Africa account for a decent growth in the aircraft air cycle machine market owing to a sizeable increase in adoption of advanced technology.
Aircraft Air Cycle Machine Market Share and Competition
Key companies operating in this industry are - Honeywell International Inc., Global Aerospace Corporation, Collins Aerospace, Mohawk Innovative Technology, Aviatron, Mirai Intex, Airmark Components, Cool & Start Aviation, AeroKool Aviation. Further, the emerging countries from developing and developed regions are anticipated to generate high market revenue during the forecast period. For instance, In June 2020, a new system named as Micro Vapor Cycle System (MicroVCS) was launched by Honeywell International Inc. for the development of electric aircraft. It also targeted to augment urban air mobility (UAM). The great success of this product launched by Honeywell International Inc. was its low cost of maintenance and light weight.
Aircraft Air Cycle Machine Market Research Report Analysis Highlights
● Historical data available (as per request)
● Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
● Data breakdown for every market segment (2022 – 2031)
● Gross margin and profitability analysis of companies
● Price analysis of each product type
● Business trend and expansion analysis
● Import and export analysis
● Competition analysis/market share
● Supply chain analysis
● Client list and case studies
● Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2031)
● Simple Cycle
● Two-wheel Bootstrap
● A simple cycle consisting of a turbine and fan on a common shaft
Application Analysis (Revenue, USD Million, 2022 - 2031)
● Civil Aviation
● Military Aviation
Region Analysis (Revenue, USD Million, 2022 - 2031)
● United States
● United Kingdom
● South Korea
● Middle East
● Rest of World
Aircraft Air Cycle Machine Industry Companies
● Honeywell International Inc.
● Global Aerospace Corporation
● Collins Aerospace
● Mohawk Innovative Technology
● Mirai Intex
● Airmark Component
● Cool & Start Aviation
● AeroKool Aviation
Available Versions: -
United States Aircraft Air Cycle Machine Market Research Report
Europe Aircraft Air Cycle Machine Market Research Report
Asia Pacific Aircraft Air Cycle Machine Market Research Report
India Aircraft Air Cycle Machine Market Research Report
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