Global Air Management System Market Size and Forecast 2023-2032 | Raytheon Technologies Corporation, United Technologies Corp., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation

The Business Research Company’s Air Management System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Air Management System Global Market Report 2023 evaluates air management system market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global air management system market is expected to grow from $5.30 billion in 2022 to $5.72 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 air management system market is expected to reach $7.52 billion in 2027 at a CAGR of 7.1%.

The increasing air traffic is expected to propel the growth of the air management system market going forward. Air traffic refers to aircraft movement through the airspace, including take-off, landing, and navigation of planes, helicopters, and other aerial vehicles. Air traffic controllers utilize air management systems to monitor and regulate aircraft movements. These systems give real-time information on aircraft locations, altitude, speed, and other pertinent data. For instance, in March 2023, according to a report published by the Bureau of Transportation Statistics, a US-based government agency, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase year on year. Additionally, from January to December 2022, airlines in the United States carried 853 million passengers, up from 658 million in 2021 and 388 million in 2020. Therefore, increasing air traffic is driving the growth of the air management system market.

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The air management system market segments in the report are:

1) By System: Thermal Management System, Engine Bleed Air System, Oxygen Systems, Fuel Tank Interting Systems, Cabin Pressure Control System, Ice Protection System

2) By Platform: Fixed Wing, Rotary Wing

3) By Aircraft: Narrow Body, Wide Body

The table of contents in TBRC’s air management system market report includes:

1. Executive Summary

2. Air Management System Market Characteristics

3. Air Management System Market Trends And Strategies

4. Air Management System Market – Macro Economic Scenario

5. Air Management System Market Segmentation

…

32. Global Air Management System Market Competitive Benchmarking

33. Global Air Management System Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Air Management System Market

35. Air Management System Market Future Outlook and Potential Analysis

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