The aircraft oxygen systems market has grown strongly in recent years. It will grow from $5.33 billion in 2023 to $5.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed during the historical period can be attributed to factors such as aviation safety regulations, collaborative efforts within the industry for research and development, a heightened focus on emergency preparedness, emphasis on passenger safety, and the global expansion of air travel.
The aircraft oxygen systems market is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period is attributed to the increase in long-haul flights, a shift towards sustainable solutions, the introduction of innovative oxygen storage solutions, preparedness for health crises, and the expansion of aircraft fleets. Key trends expected during the forecast period involve the implementation of enhanced safety regulations, modernization of aircraft fleets, a transition to lightweight materials, continuous product innovation, and advancements in technology.
The anticipated rise in the number of individuals traveling by aircraft is poised to fuel the growth of the aircraft oxygen systems market in the foreseeable future. The term "air passengers" refers to individuals or businesses primarily engaged in transporting people by aircraft, both domestically and internationally. The increasing volume of air passengers creates favorable conditions for the aircraft oxygen systems market to grow, benefiting from economies of scale. As the number of people opting for air travel increases, there is a heightened demand for oxygen systems. This trend encourages airlines to enhance their oxygen systems, presenting advantages for both the airline industry and passengers. In March 2022, the International Air Transport Association (IATA) reported a projected global total of 4.0 billion air passengers in 2024, reaching pre-COVID-19 levels at 103% of the 2019 figure. The total number of travelers in 2021 surpassed prior years by 47%, with anticipated increases of 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Hence, the escalating number of individuals choosing air travel is a key driver for the growth of the aircraft oxygen systems market.
The growth in the number of new aircraft is expected to propel the expansion of the aircraft oxygen systems market. Aircraft, designed for flight within the Earth's atmosphere, are influenced by increased defense expenditure. This spending not only drives research and development but also fosters innovation, technological advancements, and the establishment of higher safety standards. It stimulates industry growth and generates demand for specialized oxygen systems used in military aviation, including aircraft oxygen systems. For example, in February 2023, reports from the White House indicated that the US government purchased 200 brand-new airplanes from Air India in 2023. Consequently, the surge in the number of new aircraft is anticipated to drive the growth of the aircraft oxygen systems market.
Advancements in oxygen storage systems emerge as a prominent trend in the oxygen storage system market, with major companies actively engaged in developing improved solutions for various industries. To maintain their market positions, these companies are focusing on innovation. A notable example is Adamant Composites Ltd., a Greece-based high-tech industrial products and services company specializing in space, aerospace, defense, and energy storage. In February 2023, the company announced a collaboration with HyImpulse, a Germany-based private space launch company, to develop and test liner-less CFRP (Carbon Fiber Reinforced Polymer) liquid oxygen (LOX) compatible tanks for small space launch vehicles. These tanks, utilizing Toray thermoset uni-directional prepregs, offer significant advantages in terms of weight and cost compared to aluminum tanks. The composite material maintains its integrity during abrupt thermal contractions caused by rapid propellant filling at cryogenic temperatures.
Major players in the aircraft oxygen systems market are also focusing on innovative solutions to drive revenue growth. Portable oxygen systems, designed to provide supplemental oxygen for individuals with respiratory conditions or those requiring higher oxygen levels in specific situations, are a key focus. For example, Aerox, a US-based company specializing in aviation oxygen systems, offers a range of oxygen solutions for turboprops and light jets, including portable oxygen systems, emergency descent gear, and various accessories. Their product line includes diluter demand masks, oxygen cylinders, regulators, flowmeters, and nasal cannulas. Aerox provides portable aviation oxygen systems in different sizes to accommodate one, two, or four individuals.
In June 2022, Aerox Aviation Oxygen Systems, a US-based engineering company specializing in aviation oxygen systems and aerospace solutions, acquired the aviation oxygen assets of Sky-Ox for an undisclosed amount. This strategic acquisition enhances Aerox's portfolio of portable oxygen systems for cargo, commercial, business, and general aviation users, along with Supplemental Type Certificates for installed oxygen systems on various general aviation aircraft types. Sky-Ox, a UK-based aircraft oxygen systems manufacturing company, is known for providing portable oxygen systems for aviation pilots and passengers.
Major companies operating in the aircraft oxygen systems market report are Aviation Oxygen Systems Inc., Adams Rite Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG, Essex Industries Inc., Precise Flight Inc., Technodinamika JSC, Safran S.A., Air Liquide S.A., Aerox Aviation Oxygen Systems, B/E Aerospace Inc., BASA Aviation Ltd., East/West Industries Inc., RTX Corporation, Ventura Aerospace Inc., AVOX System Inc., Meggitt plc, Rostec State Corporation, Worthington Industries Inc., AerCap Holdings N.V., Avolon, Air Lease Corporation, SMBC Aviation Capital, BOC Aviation, Puritan Bennett Corporation, 3M Company, Securaplane Technologies Inc., Teledyne Technologies Incorporated, WestAir Gases & Equipment Inc., Tyco International plc.
North America was the largest region in the aircraft oxygen systems market in 2023. The regions covered in the aircraft oxygen systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft oxygen systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Two main categories of aircraft oxygen systems are passenger oxygen systems and crew oxygen systems. Passenger oxygen systems utilize a continuous-flow oxygen setup in the aircraft's passenger compartment, incorporating oxygen cylinders that supply a distribution system through tubing and a regulator. These systems are tailored for different aircraft types, including narrow-body, wide-body, very large-body, and regional aircraft. They consist of various components such as oxygen storage, oxygen delivery, and oxygen mask systems. The technologies involved range from chemically induced systems to compressed oxygen systems, catering to diverse end-users such as commercial aviation, military aviation, and others.
The aircraft oxygen systems market research report provides aircraft oxygen systems market statistics, including aircraft oxygen systems industry global market size, regional shares, competitors with an aircraft oxygen systems market share, detailed aircraft oxygen systems market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft oxygen systems industry. This aircraft oxygen systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aircraft oxygen systems market consists of sales of a high-pressure system container, regulator, mask outlet, and pressure gauge. Continuous flow, diluter demand, and pressure demand systems are the three most popular kinds of oxygen delivery systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aircraft oxygen systems market is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period is attributed to the increase in long-haul flights, a shift towards sustainable solutions, the introduction of innovative oxygen storage solutions, preparedness for health crises, and the expansion of aircraft fleets. Key trends expected during the forecast period involve the implementation of enhanced safety regulations, modernization of aircraft fleets, a transition to lightweight materials, continuous product innovation, and advancements in technology.
The anticipated rise in the number of individuals traveling by aircraft is poised to fuel the growth of the aircraft oxygen systems market in the foreseeable future. The term "air passengers" refers to individuals or businesses primarily engaged in transporting people by aircraft, both domestically and internationally. The increasing volume of air passengers creates favorable conditions for the aircraft oxygen systems market to grow, benefiting from economies of scale. As the number of people opting for air travel increases, there is a heightened demand for oxygen systems. This trend encourages airlines to enhance their oxygen systems, presenting advantages for both the airline industry and passengers. In March 2022, the International Air Transport Association (IATA) reported a projected global total of 4.0 billion air passengers in 2024, reaching pre-COVID-19 levels at 103% of the 2019 figure. The total number of travelers in 2021 surpassed prior years by 47%, with anticipated increases of 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Hence, the escalating number of individuals choosing air travel is a key driver for the growth of the aircraft oxygen systems market.
The growth in the number of new aircraft is expected to propel the expansion of the aircraft oxygen systems market. Aircraft, designed for flight within the Earth's atmosphere, are influenced by increased defense expenditure. This spending not only drives research and development but also fosters innovation, technological advancements, and the establishment of higher safety standards. It stimulates industry growth and generates demand for specialized oxygen systems used in military aviation, including aircraft oxygen systems. For example, in February 2023, reports from the White House indicated that the US government purchased 200 brand-new airplanes from Air India in 2023. Consequently, the surge in the number of new aircraft is anticipated to drive the growth of the aircraft oxygen systems market.
Advancements in oxygen storage systems emerge as a prominent trend in the oxygen storage system market, with major companies actively engaged in developing improved solutions for various industries. To maintain their market positions, these companies are focusing on innovation. A notable example is Adamant Composites Ltd., a Greece-based high-tech industrial products and services company specializing in space, aerospace, defense, and energy storage. In February 2023, the company announced a collaboration with HyImpulse, a Germany-based private space launch company, to develop and test liner-less CFRP (Carbon Fiber Reinforced Polymer) liquid oxygen (LOX) compatible tanks for small space launch vehicles. These tanks, utilizing Toray thermoset uni-directional prepregs, offer significant advantages in terms of weight and cost compared to aluminum tanks. The composite material maintains its integrity during abrupt thermal contractions caused by rapid propellant filling at cryogenic temperatures.
Major players in the aircraft oxygen systems market are also focusing on innovative solutions to drive revenue growth. Portable oxygen systems, designed to provide supplemental oxygen for individuals with respiratory conditions or those requiring higher oxygen levels in specific situations, are a key focus. For example, Aerox, a US-based company specializing in aviation oxygen systems, offers a range of oxygen solutions for turboprops and light jets, including portable oxygen systems, emergency descent gear, and various accessories. Their product line includes diluter demand masks, oxygen cylinders, regulators, flowmeters, and nasal cannulas. Aerox provides portable aviation oxygen systems in different sizes to accommodate one, two, or four individuals.
In June 2022, Aerox Aviation Oxygen Systems, a US-based engineering company specializing in aviation oxygen systems and aerospace solutions, acquired the aviation oxygen assets of Sky-Ox for an undisclosed amount. This strategic acquisition enhances Aerox's portfolio of portable oxygen systems for cargo, commercial, business, and general aviation users, along with Supplemental Type Certificates for installed oxygen systems on various general aviation aircraft types. Sky-Ox, a UK-based aircraft oxygen systems manufacturing company, is known for providing portable oxygen systems for aviation pilots and passengers.
Major companies operating in the aircraft oxygen systems market report are Aviation Oxygen Systems Inc., Adams Rite Aerospace Inc., Cobham Limited, Diehl Stiftung & Co. KG, Essex Industries Inc., Precise Flight Inc., Technodinamika JSC, Safran S.A., Air Liquide S.A., Aerox Aviation Oxygen Systems, B/E Aerospace Inc., BASA Aviation Ltd., East/West Industries Inc., RTX Corporation, Ventura Aerospace Inc., AVOX System Inc., Meggitt plc, Rostec State Corporation, Worthington Industries Inc., AerCap Holdings N.V., Avolon, Air Lease Corporation, SMBC Aviation Capital, BOC Aviation, Puritan Bennett Corporation, 3M Company, Securaplane Technologies Inc., Teledyne Technologies Incorporated, WestAir Gases & Equipment Inc., Tyco International plc.
North America was the largest region in the aircraft oxygen systems market in 2023. The regions covered in the aircraft oxygen systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft oxygen systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Two main categories of aircraft oxygen systems are passenger oxygen systems and crew oxygen systems. Passenger oxygen systems utilize a continuous-flow oxygen setup in the aircraft's passenger compartment, incorporating oxygen cylinders that supply a distribution system through tubing and a regulator. These systems are tailored for different aircraft types, including narrow-body, wide-body, very large-body, and regional aircraft. They consist of various components such as oxygen storage, oxygen delivery, and oxygen mask systems. The technologies involved range from chemically induced systems to compressed oxygen systems, catering to diverse end-users such as commercial aviation, military aviation, and others.
The aircraft oxygen systems market research report provides aircraft oxygen systems market statistics, including aircraft oxygen systems industry global market size, regional shares, competitors with an aircraft oxygen systems market share, detailed aircraft oxygen systems market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft oxygen systems industry. This aircraft oxygen systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aircraft oxygen systems market consists of sales of a high-pressure system container, regulator, mask outlet, and pressure gauge. Continuous flow, diluter demand, and pressure demand systems are the three most popular kinds of oxygen delivery systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aircraft Oxygen Systems Market Characteristics3. Aircraft Oxygen Systems Market Trends and Strategies31. Global Aircraft Oxygen Systems Market Competitive Benchmarking32. Global Aircraft Oxygen Systems Market Competitive Dashboard33. Key Mergers and Acquisitions in the Aircraft Oxygen Systems Market
4. Aircraft Oxygen Systems Market - Macro Economic Scenario
5. Global Aircraft Oxygen Systems Market Size and Growth
6. Aircraft Oxygen Systems Market Segmentation
7. Aircraft Oxygen Systems Market Regional and Country Analysis
8. Asia-Pacific Aircraft Oxygen Systems Market
9. China Aircraft Oxygen Systems Market
10. India Aircraft Oxygen Systems Market
11. Japan Aircraft Oxygen Systems Market
12. Australia Aircraft Oxygen Systems Market
13. Indonesia Aircraft Oxygen Systems Market
14. South Korea Aircraft Oxygen Systems Market
15. Western Europe Aircraft Oxygen Systems Market
16. UK Aircraft Oxygen Systems Market
17. Germany Aircraft Oxygen Systems Market
18. France Aircraft Oxygen Systems Market
19. Italy Aircraft Oxygen Systems Market
20. Spain Aircraft Oxygen Systems Market
21. Eastern Europe Aircraft Oxygen Systems Market
22. Russia Aircraft Oxygen Systems Market
23. North America Aircraft Oxygen Systems Market
24. USA Aircraft Oxygen Systems Market
25. Canada Aircraft Oxygen Systems Market
26. South America Aircraft Oxygen Systems Market
27. Brazil Aircraft Oxygen Systems Market
28. Middle East Aircraft Oxygen Systems Market
29. Africa Aircraft Oxygen Systems Market
30. Aircraft Oxygen Systems Market Competitive Landscape and Company Profiles
34. Aircraft Oxygen Systems Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aircraft oxygen systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aircraft oxygen systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Component: Oxygen Storage System; Oxygen Delivery System; Oxygen Mask System
2) By System: Passenger Oxygen System; Crew Oxygen System
3) By Aircraft Type: Narrow Body Aircraft; Wide Body Aircraft; Very Large Body Aircraft; Regional Aircraft
4) By Technology: Chemically-Induced System; Compressed Oxygen System
5) By End-User: Commercial Aviation; Military Aviation; Other End-Users
Companies Mentioned: Aviation Oxygen Systems Inc.; Adams Rite Aerospace Inc.; Cobham Limited; Diehl Stiftung & Co. KG; Essex Industries Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aviation Oxygen Systems Inc.
- Adams Rite Aerospace Inc.
- Cobham Limited
- Diehl Stiftung & Co. KG
- Essex Industries Inc.
- Precise Flight Inc.
- Technodinamika JSC
- Safran S.A.
- Air Liquide S.A.
- Aerox Aviation Oxygen Systems
- B/E Aerospace Inc.
- BASA Aviation Ltd.
- East/West Industries Inc.
- RTX Corporation
- Ventura Aerospace Inc.
- AVOX System Inc.
- Meggitt plc
- Rostec State Corporation
- Worthington Industries Inc.
- AerCap Holdings N.V.
- Avolon
- Air Lease Corporation
- SMBC Aviation Capital
- BOC Aviation
- Puritan Bennett Corporation
- 3M Company
- Securaplane Technologies Inc.
- Teledyne Technologies Incorporated
- WestAir Gases & Equipment Inc.
- Tyco International plc
Methodology
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