Aircraft Ignition System Market Analysis 2020-2025:
Aircraft Ignition System Market value was expected at 313.0 Million in 2016 and is anticipated to reach an extent of USD 437.6 Million by the end of the assessment period, with a CAGR of 5.28% throughout the estimate period (2020-2025).
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. The extensive use of these electronic ignition systems in aviation has been restricted by concerns related to battery dependency, reliability and safety. Modern aircraft engines comprise double-ignition systems for advanced safety and better performance.
Recent Developments
TransDigm Group Incorporated announced that it has 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 been a provider of exclusive high-tech components to the commercial aerospace industry for over 50 years. The product line has unaudited annual revenue of approximately $ 17 million.
Market Drivers and Restraints:
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, with improved technology in aircraft ignition programs have increased demand for aircraft ignition programs on drones and aircraft producers. 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. Increased product liability and competitors may hinder the progression of the global aircraft ignition systems market. In terms of ranking, the digital phase shares the highest market throughout the forecast interval. Electronic ignition programs are used in fireplace direct ignition programs and 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 further stimulate market growth in the coming years. 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 systems market.
Market Segmentation:
The market segmentation for the Aircraft Ignition System has been divided into end–user, system type, and component type.
Depending on the type of end-user, the market is segmented as a manufacturer of spare parts and original equipment (OEM). The secondary market segment dominated the market in 2019 and is expected to retain its legacy during the forecast period. The secondary market 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.
Depending on the type of system, the market is segmented into electronic ignition systems and magneto ignition systems. 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 electronic ignition systems that are reliable and have a longer service life than conventional ignition systems used in aircraft, such as the Lycoming piston motor semiconductor ignition, CH42PR20A.
Depending on the type of component, the market is segmented into lighters, ignition cables, drivers, spark plugs and others. The ignition wire segment is estimated to experience the highest growth throughout the period.
Impact of covid-19 on Aircraft Ignition System Market
As the COVID-19 pandemic continues worldwide, many global defense and aerospace companies are feeling 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 drop. As airlines make model recall decisions and re-evaluate their fleet needs, aircraft production and after-sales services will need to be reassessed fundamentally to account for long-term changes in demand.
Regional Analysis:
The global market for Aircraft Ignition System has been categorized by regions into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America is determined to have the substantial share for aircraft ignition systems over the conjecture period. The presence of several leading companies in aircraft ignition systems in North America has stimulated the market boom in recent years. The increase in air traffic in the locale and the rising number of aircraft deliveries are also supporting the business development. The Asia-Pacific market is projected to witness the 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, resulting in an increase in 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.
Leading Company
Electroairhad the largest share of the Aircraft Ignition System Market in terms of sales and revenue in 2016.
Key Players
The Aircraft Ignition System Market is concentrated with well-established players likeWoodward, Unison LLC, Inc, TransDigm Inc. (Champion Aerospace Inc.), SureFly Partners, LT, Sky Dynamics Corp., Meggitt PLC, and Generation 3 Ignition.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Ignition System Market, By System Type
6.1.1 Magneto
6.1.2 Electronic
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Aircraft Ignition System Market, By Engine Type
6.2.1 Reciprocating Engine
6.2.2 Turbine Engine
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Aircraft Ignition System Market, By Component
6.3.1 Spark Plugs
6.3.2 Exciters
6.3.3 Ignition Leads
6.3.4 Igniters
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Aircraft Ignition System Market, By End-User
6.4.1 OEMs
6.4.2 Aftermarket
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By System Type
7.2.3 By Engine Type
7.2.4 By Component
7.2.5 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By System Type
7.3.3 By Engine Type
7.3.4 By Component
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By System Type
7.4.3 By Engine Type
7.4.4 By Component
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By System Type
7.5.3 By Engine Type
7.5.4 By Component
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By System Type
7.6.3 By Engine Type
7.6.4 By Component
7.6.5 By End-User
8. Key Player Analysis
8.1 Woodward
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Unison LLC, Inc
8.3 TransDigm Inc
8.4 SureFly Partners
8.5 LT
8.6 Sky Dynamics Corp
8.7 Meggitt PLC
8.8 Generation 3 Ignition
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
