The Aerospace Oxygen System Global Market Report 2023, provides comprehensive information on the aerospace oxygen system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aerospace Oxygen System Global Market Report 2023, the market is expected to grow from $4.74 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace oxygen system market is expected to reach $6.59 billion in 2027 at a CAGR of 6.6%.
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Technological innovations are a key trend gaining popularity in the aerospace oxygen system market. Major companies operating in the aerospace oxygen system market are adopting new technological solutions to sustain their position in the market. For instance, in March 2020, Collins Aerospace, a US-based aerospace and defense company, launched the PulseOx Passenger Oxygen System, the next-gen oxygen technology. The PulseOx passenger oxygen system’s energy-saving technology supplies oxygen per a person’s breathing cycle, resulting in a system weight reduction of up to 450 pounds. PulseOx optimizes oxygen delivery to offer 100% oxygen during inhalation and a blend of ambient air and oxygen during the rest of the breathing cycle to keep passengers safe in an emergency. This reduces the size and weight of the needed cylinders. The PulseOx passenger oxygen system may accommodate two to six seats, depending on the aircraft’s configuration.
The aerospace oxygen system market is segmented:
1) By Product: Liquid Oxygen System, Gaseous Oxygen System, On Board Oxygen Generation System
2) By System: Protective Breathing, Portable Oxygen System, Integrated System
3) By Category: Storage System, Delivery System, Oxygen Mask And Cannulas
4) By Mechanism: Chemical Oxygen Generator, Compressed Oxygen System
5) By Application: Passenger Seating Area, Cabin Crew Area, Other Applications
North America was the largest region in the aerospace oxygen system market in 2022.
The table of contents in TBRC’s aerospace oxygen system market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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