Aircraft Ignition System Market

Aircraft Ignition System Market Size (2022 to 2027)

The global aircraft ignition system market was worth USD 320 million in 2021. This value is further estimated to be growing at a CAGR of 5.28% from 2022 to 2027 and worth USD 435.74 million by 2027 from USD 336.90 million in 2022.

Aircraft ignition systems generate a spark to ignite a mixture of fuel and air in the combustion chambers. An ignition system ensures proper combustion of the fuel mixture in the engine. Over the past decade, high-energy electronic ignition systems for reciprocating aircraft engines, particularly experimental aircraft, have been developed into standard and bolt-on products. However, the extensive use of these electronic ignition systems in aviation has been restricted by battery dependency, reliability, and safety concerns. Modern aircraft engines comprise double-ignition systems for advanced safety and better performance.

Impact of COVID-19 on the global aircraft ignition system market:

As the COVID-19 pandemic continues worldwide, many global defense and aerospace companies feel the impact during this uncertain time. Airlines are reducing immediate capacity by 40 to 100% and are requesting deferrals, model changes, and order cancellations. Most large civil aircraft assembly plants are closed indefinitely or operate at considerably reduced volumes. These lower production rates are reflected in the supplier network as production is interrupted and the workforce is on leave. While airlines have yet to keep the planes stationary, secondary market revenue will drop dramatically as revisions are postponed to save money, and hourly maintenance pillar contracts follow the schedule and the ability to decline. As airlines make model recall decisions and re-evaluate their fleet needs, aircraft production and after-sales services will need to be reassessed to account for long-term changes in demand.

MARKET DRIVERS:

Drive components for the aircraft ignition systems market are a growing variety of aircraft deliveries worldwide, along with the increasing adoption of superior applied science in aircraft programs; improved technology in aircraft ignition programs has increased demand for aircraft ignition programs on drones and aircraft producers. In addition, specializing in manufacturing goods based mainly on the needs of end-users to reduce costs, save fuel, and efficiency will lead to an increase in the market.

Regarding ranking, the digital phase shares the highest market throughout the forecast period. Electronic ignition systems are used in fireplace direct ignition systems. They are considered extremely reliable because, compared to standard magneto ignition programs, digital programs have a higher spark power in addition to a variable ignition timing than, in turn, improves gasoline efficiency and could generate greater demand during this phase. Furthermore, the increasing demand for aircraft ignition systems in the UAV vehicle segment will stimulate market growth in the coming years.

MARKET RESTRAINTS:

However, the increase in environmental standards related to emissions leads to a decrease in acceptance of the conventional ignition system compared to new electronic ignition systems, slowing the growth of the global aircraft ignition system market. In addition, increased product liability and competitors may hinder the progression of the worldwide aircraft ignition system market.

REPORT COVERAGE:

This market research report on the global aircraft ignition system market has been segmented based on the system type, component, end-user, and region.

Aircraft Ignition System Market – By System Type:

• Magneto
• Electronic

The electronic ignition systems segment dominated the market in 2019 and is also expected to dominate during the forecast period. Technological developments in the field of aircraft ignition systems have significantly influenced the evolution of reliable electronic ignition systems with a longer service life than conventional ignition systems used in aircraft, such as the Lycoming piston motor semiconductor ignition CH42PR20A.

Aircraft Ignition System Market – By Component:

• Spark Plugs
• Exciters
• Ignition Leads
• Igniters

Aircraft Ignition System Market – By End-user:

• Aftermarket
• OEM

The aftermarket segment dominated the market in 2019 and is expected to retain its legacy during the forecast period. The aftermarket includes parts replacement and maintenance services for installed components. Different components of aircraft ignition systems, such as lighters, ignition cables, exciters, spark plugs, distributors, capacitors, and switches, are modified during maintenance procedures, which, in turn, support segment growth during the forecast period.

Aircraft Ignition System Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

North America is determined to have a substantial share of the global aircraft ignition system market over the forecast period. The presence of several leading companies in aircraft ignition systems in North America has stimulated the market boom in recent years. In addition, the increase in air traffic in the locale and the rising number of aircraft deliveries also support the market development.

The Asia-Pacific market is projected to witness a rapid expansion rate over the assessment period, which is credited to a surge in urbanization, an increase in the middle-class population, and a hike in disposable income, particularly in India and China, increasing air traffic requiring new aircraft. Therefore, the increase in the number of aircraft in the region focused on energy efficiency will stimulate the growth of advanced ignition systems in the coming years.

KEY PLAYERS:

The Aircraft Ignition System Market is concentrated with well-established players like Woodward, Unison LLC, Inc, TransDigm Inc. (Champion Aerospace Inc.), SureFly Partners, LT, Sky Dynamics Corp., Meggitt PLC, and Generation 3 Ignition. Electroairhad the largest share of the Aircraft Ignition System Market in terms of sales and revenue in 2016.

RECENT MARKET DEVELOPMENTS:

• TransDigm Group Incorporated announced that it had acquired certain assets from Unison Industries LLC, a wholly-owned subsidiary of General Electric Company's GE Aviation business unit, for approximately $ 69 million in cash. Unison has provided exclusive high-tech components to the commercial aerospace industry for over 50 years. The product line has an unaudited annual revenue of approximately $ 17 million.