PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209862
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209862
Aircraft Ignition System Market Forecasts to 2028 - Global Analysis By Type, Engine, Component, End User and By Geography
According to Stratistics MRC, the Global Aircraft Ignition System Market is accounted for $433.75 million in 2022 and is expected to reach $665.67 million by 2028 growing at a CAGR of 7.4% during the forecast period. The aircraft ignition system is used to generate spark to burn-up the fuel or air mixture in the cylinder. The burning of this mixture in the cylinders produces the motive force. This enables the proper consumption of the fuel/air mixture inside the combustion chamber. High energy electronic ignition systems are being used nowadays for the purpose of reciprocating aircraft engines. The system plays an integral part of aircraft engines as it creates and supplies electrical sparks to ignite the fuel-air mixture.
According to CAPA - Centre for Aviation, Airbus and Boeing are expected to deliver around 1,000 commercial aircraft; Asia Pacific will require 17,620 new passenger and freighter aircraft. Nearly 30% of these will replace older less fuel efficient models due to the retirement of older less fuel efficient aircraft.
Market Dynamics:
Driver:
Rise in technological advancements
The technology is getting updated rapidly to attract the customers and to raise the sales. The possibilities of a low?voltage ultra?high frequency installation to avoid radio interference are updated in aircraft ignition system. Advancements set a new benchmark in terms of performance, efficiency, etc. This development increases the number of aircraft and overcomes the problem. This gains power, fuel efficiency and reliability which are fuelling the market demand.
Restraint:
Low cranking
The ignition system sometimes has starting problem due to low cranking speed. It causes due to a degraded or defective battery, faulty electrical connection or a charging system problem which needs to replace the starter. This leads to false and inaccurate readings and weakens the battery. It requires additional cost and efforts. This increases the consumer's costs and therefore hindering the growth of the market.
Opportunity:
High adoption of electronic ignition systems
The high adoption of electronic ignition systems increases the investments and number of aircraft deliveries. This creates development of new aircraft models and use of miniaturized ignition systems. This provides a consistent, high voltage spark throughout the life of the engine and fewer misfires. New models are fuel efficient and environmentally friendly which got good hype and therefore propelling the growth of the market.
Threat:
Framework of the system
Stringent aircraft system design regulations, high weight and design complexity are associated with the electronic aircraft ignition system. Adoption of magneto ignition system has also been decreased. The mixture of air & fuel in combustion chamber also needs to be ignited at correct time which affects the combustion efficiency. All these aspects are hampering the demand in the market.
COVID-19 Impact
The COVID-19 pandemic disrupted the economy of all countries and the aircraft ignition system market in the region. All regions witnessed a significant decline in air transportation since the beginning of the pandemic. Production facilities have witnessed severe conditions in aircraft and ignition system facilities. Major manufacturing facilities were shut temporarily for a longer period. Due to this, several airlines are ordering newer aircraft models, which are expected to catalyze aircraft ignition system market growth.
The aftermarket segment is expected to be the largest during the forecast period
The aftermarket segment is estimated to have a lucrative growth, due to substitution of parts and maintenance services for installed components. It provides spare parts to its customers. It was segmented into parts and services. It generates opportunity for overhaul replacement in the aircraft ignition system. The components such as ignitors, exciters, spark plugs, capacitors etc will be replaced during maintenance services which are fuelling the market demand.
The turbine engine segment is expected to have the highest CAGR during the forecast period
The turbine engine segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its low maintenance cost and high performance. It has less vibration and has far fewer moving parts. It provides cheaper power, better-quality grid and cleaner power with lower emissions. It avails fuel efficiency and continues steam expansion which is propelling the growth of the market.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the large presence of commercial aircrafts manufacturers. The increasing air traffic in the region is raising the number of aircraft deliveries. The growing middle-class population, urbanization, increase in disposable income of people and rise in demand for commercial aviation in the region are driving the growth of the market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the rise in the demand for commercial aircraft across the region. This region has one of the world's leading aviation sectors. It has the presence of major engine manufacturers. These companies are expanding their product portfolios with the good geographic presence. The high demand for aircraft components in this region is fuelling the market demand.
Key players in the market
Some of the key players profiled in the Aircraft Ignition System Market include Sky Dynamics Corporation, Electroair Acquisition Corporation, Unison LLC, Woodward Inc, Generation 3 Ignition, SureFly Partners LTD, Tempest Aero Group LLC, Meggitt PLC, Moog Inc, TransDigm Inc, Air Power Inc, Continental Aerospace Technologies Inc, FADEC International LLC, Delta Air Line, Kelly Aerospace Inc, Champion Aerospace Inc, PBS Group AS, Alco Corporation, Alaska Airlines
Key Developments:
In August 2022, Alaska Airlines announced to launch an electronic bag tag program. The electronic bag tags will allow guests to skip the step of printing traditional bag tags upon arrival at the airport. It will reduce the time guests spend dropping-off checked luggage by 40%.
In July 2022, Delta Air Lines announced that they had ordered CFM International LEAP-1B engines to power the new fleet of Boeing 737 aircraft. The order also included spare engines and an option to purchase around 60 additional engines.
Types Covered:
- Electronic
- Magneto
- Other Types
Engines Covered:
- Turbine Engines
- Reciprocating Engines
- Other Engines
Components Covered:
- Exciters
- Igniters
- Spark Plugs
- Leads
- Other Components
End Users Covered:
- Aftermarket
- OEM
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Aircraft Ignition System Market, By Type
- 5.1 Introduction
- 5.2 Electronic
- 5.3 Magneto
- 5.4 Other Types
6 Global Aircraft Ignition System Market, By Engine
- 6.1 Introduction
- 6.2 Turbine Engines
- 6.3 Reciprocating Engines
- 6.4 Other Engines
7 Global Aircraft Ignition System Market, By Component
- 7.1 Introduction
- 7.2 Exciters
- 7.3 Igniters
- 7.4 Spark Plugs
- 7.5 Leads
- 7.6 Other Components
8 Global Aircraft Ignition System Market, By End User
- 8.1 Introduction
- 8.2 Aftermarket
- 8.3 OEM
- 8.4 Other End Users
9 Global Aircraft Ignition System Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Sky Dynamics Corporation
- 11.2 Electroair Acquisition Corporation
- 11.3 Unison LLC
- 11.4 Woodward Inc
- 11.5 Generation 3 Ignition
- 11.6 SureFly Partners LTD
- 11.7 Tempest Aero Group LLC
- 11.8 Meggitt PLC
- 11.9 Moog Inc
- 11.10 TransDigm Inc
- 11.11 Air Power Inc
- 11.12 Continental Aerospace Technologies Inc
- 11.13 FADEC International LLC
- 11.14 Delta Air Line
- 11.15 Kelly Aerospace Inc
- 11.16 Champion Aerospace Inc
- 11.17 PBS Group AS
- 11.18 Alco Corporation
- 11.19 Alaska Airlines
List of Tables
- Table 1 Global Aircraft Ignition System Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 4 Global Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 5 Global Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 6 Global Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 7 Global Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 8 Global Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 9 Global Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 10 Global Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 11 Global Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 12 Global Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 13 Global Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 14 Global Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 15 Global Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 16 Global Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 17 Global Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 18 Global Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 19 Global Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 20 North America Aircraft Ignition System Market Outlook, By Country (2020-2028) ($MN)
- Table 21 North America Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 22 North America Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 23 North America Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 24 North America Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 25 North America Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 26 North America Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 27 North America Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 28 North America Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 29 North America Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 30 North America Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 31 North America Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 32 North America Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 33 North America Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 34 North America Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 35 North America Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 36 North America Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 37 North America Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 38 North America Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 39 Europe Aircraft Ignition System Market Outlook, By Country (2020-2028) ($MN)
- Table 40 Europe Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 41 Europe Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 42 Europe Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 43 Europe Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 44 Europe Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 45 Europe Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 46 Europe Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 47 Europe Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 48 Europe Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 49 Europe Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 50 Europe Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 51 Europe Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 52 Europe Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 53 Europe Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 54 Europe Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 55 Europe Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 56 Europe Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 57 Europe Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 58 Asia Pacific Aircraft Ignition System Market Outlook, By Country (2020-2028) ($MN)
- Table 59 Asia Pacific Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 60 Asia Pacific Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 61 Asia Pacific Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 62 Asia Pacific Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 63 Asia Pacific Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 64 Asia Pacific Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 65 Asia Pacific Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 66 Asia Pacific Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 67 Asia Pacific Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 68 Asia Pacific Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 69 Asia Pacific Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 70 Asia Pacific Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 71 Asia Pacific Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 72 Asia Pacific Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 73 Asia Pacific Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 74 Asia Pacific Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 75 Asia Pacific Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 76 Asia Pacific Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 77 South America Aircraft Ignition System Market Outlook, By Country (2020-2028) ($MN)
- Table 78 South America Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 79 South America Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 80 South America Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 81 South America Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 82 South America Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 83 South America Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 84 South America Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 85 South America Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 86 South America Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 87 South America Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 88 South America Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 89 South America Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 90 South America Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 91 South America Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 92 South America Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 93 South America Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 94 South America Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 95 South America Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 96 Middle East & Africa Aircraft Ignition System Market Outlook, By Country (2020-2028) ($MN)
- Table 97 Middle East & Africa Aircraft Ignition System Market Outlook, By Type (2020-2028) ($MN)
- Table 98 Middle East & Africa Aircraft Ignition System Market Outlook, By Electronic (2020-2028) ($MN)
- Table 99 Middle East & Africa Aircraft Ignition System Market Outlook, By Magneto (2020-2028) ($MN)
- Table 100 Middle East & Africa Aircraft Ignition System Market Outlook, By Other Types (2020-2028) ($MN)
- Table 101 Middle East & Africa Aircraft Ignition System Market Outlook, By Engine (2020-2028) ($MN)
- Table 102 Middle East & Africa Aircraft Ignition System Market Outlook, By Turbine Engines (2020-2028) ($MN)
- Table 103 Middle East & Africa Aircraft Ignition System Market Outlook, By Reciprocating Engines (2020-2028) ($MN)
- Table 104 Middle East & Africa Aircraft Ignition System Market Outlook, By Other Engines (2020-2028) ($MN)
- Table 105 Middle East & Africa Aircraft Ignition System Market Outlook, By Component (2020-2028) ($MN)
- Table 106 Middle East & Africa Aircraft Ignition System Market Outlook, By Exciters (2020-2028) ($MN)
- Table 107 Middle East & Africa Aircraft Ignition System Market Outlook, By Igniters (2020-2028) ($MN)
- Table 108 Middle East & Africa Aircraft Ignition System Market Outlook, By Spark Plugs (2020-2028) ($MN)
- Table 109 Middle East & Africa Aircraft Ignition System Market Outlook, By Leads (2020-2028) ($MN)
- Table 110 Middle East & Africa Aircraft Ignition System Market Outlook, By Other Components (2020-2028) ($MN)
- Table 111 Middle East & Africa Aircraft Ignition System Market Outlook, By End User (2020-2028) ($MN)
- Table 112 Middle East & Africa Aircraft Ignition System Market Outlook, By Aftermarket (2020-2028) ($MN)
- Table 113 Middle East & Africa Aircraft Ignition System Market Outlook, By OEM (2020-2028) ($MN)
- Table 114 Middle East & Africa Aircraft Ignition System Market Outlook, By Other End Users (2020-2028) ($MN)
