Global Aircraft Ice Protection Systems Market by Product Type, by Application, and by Region/ Country (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Forecast from 2020 to 2029
24th July 2019
The global aircraft ice protection systems market is expected to be valued over US$ 15 Billion in 2029 and is projected to register a CAGR of 6.7% over the 10-year period. The aircraft ice protection systems market report has been segmented on the basis of product type, application, and region.
Aircraft Ice Protection Systems: Overview
Wings are an important part of an aircraft that provides a lift to fly. The surface of aircraft wings is prone to ice formation. Ice adds weight to the aircraft and acts as a spoiler throughout the wing and tail of aircraft. Also, ice affects the engine operation of any aircraft, which can cause serious damage to aviation. Besides, safe operation of aircraft in all-weather condition is the priority of an authority. Therefore, every aircraft wings have some form of the ice protection system to avoid ice formation. The aircraft ice protection system is designed to avoid ice accumulation on aircraft surfaces such as wings, engine intakes, propellers, rotor blades, and environmental control intakes.
Dynamics: Global Aircraft Ice Protection Systems Market
Safety of passengers and staff is a major priority for airlines. Increasing air traffic volume along with congested airspace is expected to support the growth of aircraft ice protection system. To avoid several weather conditions and promotes a smoother flight airline are demanding smart technology, which is likely to help the market growth
Expansion and modernization of airport in developed as well emerging nation has led safe operation of aircraft. Additionally, most of the new airports are equipped with ice protection systems, which is creating a positive impact on the aircraft ice protection system market
As per the International Air Transport Association (IATA), the accident rate is declining due to technology advancement. Increasing cases of aircraft accident due to frosty weather condition has led to the demand for improved technology. Which is directly influencing the demand for aircraft ice protection system market growth. Frost condition and technology enhancement is the major driving factor.
The rise in population along with growing income has led to an increase in the trend of air travel, which has made aviation the fastest-growing source of travel. The aviation industry is increasing R&D for greener technology, modernized air traffic management systems, which are expected to create huge space for aircraft ice protection system market.
Rapid growth in commercial and defense aircraft has resulted in higher demand for aircraft ice protection systems as aircrafts in cold and snowy regions need to be protected from ice.
Demand for aircraft ice protection systems is high during the winters whereas low in another seasons, which is expected to hamper growth of the aircraft ice protection system market. In addition, high maintenance costs of these systems and seasonal demand for ice protection systems are other factors that could hamper market growth.
Adoption of new and innovative ice protection systems by the commercial airlines, airport authorities, and defense authorities is projected to increase, due to availability of cost-effective deicing systems to protect aircrafts from formation of ice. This is a major factor projected to create new opportunities in coming years. In addition, development of rotorcraft deicer that automatically detects the ice forming on blades and removes it from the helicopter blades is projected to create revenue opportunities for players operating in the global market.
Opportunity Map Analysis:
Going by an optimistic scenario, the global aircraft ice protection systems market revenue is projected to expand at a CAGR of over 8% and reach a value of more than US$ 19000 Mn in 2029. Considering a likely scenario, the global market revenue is expected to expand at a CAGR of 6.7% and reach a value of over US$ 15000 Mn. While a conservative scenario would result in the global aircraft ice protection systems market registering a CAGR of around 5% and value of around US$ XX Mn over the 10-year period.
Global Aircraft Ice Protection Systems Market Segment Analysis:
By Product Type: The electro-thermal segment is projected to register comparatively faster and higher CAGR of over 7.8% in the global market. The pneumatic de-icing boots segment is expected to dominate in the target market for the next 10 years.
By Application: The civil aircraft segment is expected to dominate in the global market and register highest CAGR of over 6.8%.
Global Aircraft Ice Protection Systems Market: Analysis by Region:
With regards to revenue contribution, the North America aircraft ice protection systems market is expected to account for highest revenue share and is projected to dominate in the global market over the 10-year period.
Europe market is projected to record second-highest revenue share, and is projected to register highest CAGR of more than 7.1 % over the forecast period. Revenue share from Asia Pacific market is expected to be moderately high and is projected to expand at a steady growth rate.
The South America market is projected to be an emerging market and offer opportunities to major players for business expansion and setting up new manufacturing units in countries in the region.
Key Developments by Companies:
Honeywell International Inc.
Honeywell International Inc. is a worldwide diversified technology and manufacturing company. The Company provides aerospace products and services, control, sensing and security technologies, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.
Contracts/Agreements: In March, Honeywell partnered with International Airlines Group (IAG), to reduce carbon emissions.
Contracts/Agreements: In July, Honeywell awarded a contract to Allegiant Air for maintenance, repair and overhaul services for the auxiliary power units and specific avionics components of Airbus A319 and A320 aircraft fleet.
Contracts/Agreements: In August, Honeywell entered into an agreement with Hubei Sanning Chemical Industry to provide its Honeywell UOP’s Polybed Pressure Swing Adsorption technology to supply high-quality hydrogen to monoethylene glycol plant at Zhijiang in China’s Hubei Province
Contracts/Agreements: In August, Honeywell and Carnegie Mellon University entered into a strategic collaboration to boost artificial intelligence and robotic technologies for distribution centers.
New Products/Services: In August, Honeywell introduced a new line of addressable smoke and heat detection devices for the upcoming building code changes and to improve fire detection.
Acquisitions/Mergers/Takeovers: In September, Honeywell announced the acquisition of Ortloff Engineers, Ltd.
Contracts/Agreements: In December, the company and Advanced Electronics signed a memorandum of agreement for smart city development opportunities in Saudi Arabia
Contracts/Agreements: In December, the company and AES signed a MoA for the smart cities project in Saudi Arabia
Contracts/Agreements: In September, the company secured US$ 80 million contract to supply Embedded Global Positioning System and Inertial Navigation System (EGI)
Global Aircraft Ice Protection Systems Market Segmentation:
By Product Type:
- Pneumatic De-icing Boots
- TKS Ice Protection
- Bleed Air
- Civil Aircraft
- Military Aircraft
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Honeywell International Inc.
- United Technologies Corporation
- Safran Safran
- CAV Systems Ltd.
- Meggitt PLC
- Clariant AG
- Dow Chemical Company Ltd.
- John Bean Technologies Corporation
- Liebherr-International AG
- Melrose Industries PLC
- Curtiss-Wright Corporation
- Chapter 1 Global Aircraft Ice Protection Systems Market Overview
- 1.1 Introduction
- 1.2 Taxonomy
- 1.3 Drivers for Global Aircraft Ice Protection Systems Market
- 1.4 Restraints for Global Aircraft Ice Protection Systems Market
- 1.5 Opportunities for Global Aircraft Ice Protection Systems Market
- 1.6 Trends for Global Aircraft Ice Protection Systems Market
- 1.7 Macro-economic Factors
- 1.8 Opportunity Map Analysis
- 1.8.1 Optimistic Scenario
- 1.8.2 Likely Scenario
- 1.8.3 Conservative Scenario
- 1.9 Opportunity Orbits
- 1.10 Market Investment Feasibility Index
- 1.11 PEST Analysis
- 1.12 PORTER’S Five Force Analysis
- 1.13 Marketing Strategy
- Chapter 1 Global Aircraft Ice Protection Systems Market Overview
Frequently Asked Questions (FAQ)
The four major revenue contributing regions in the global aircraft-ice-protection systems market are North America, Europe, Asia Pacific, and South America. The market in North America is projected to remain the highest revenue contributor to the global market, with Europe, Asia Pacific, and South America accounting for revenue share as position in the sequence indicates
Major factors include, rising adорtіоn оf nеw аnd more іnnоvаtіvе ісе рrоtесtіоn ѕуѕtеmѕ for соmmеrсіаl аіrcraft and fleets, as well as for dеfеnѕе fleets, shrinking airspace at lower altitudes, and development and introduction of more efficient and соѕt-еffесtіvе dеісіng ѕуѕtеmѕ among others.
Apart from major advancements and developments in aircraft ice protection systems currently available in the market, dеvеlорmеnt оf rоtоrсrаft dеісеr systems thаt аutоmаtісаllу dеtесt ісе fоrmation on helicopter rotors and blаdеѕ аnd rеmоvе іt, is projected to support market growth to a significant extent.
Тhе сіvіl аіrсrаft ѕеgmеnt іѕ projected to remain the dominant revenue contributing segment in the global aircraft ice protection system market, due to increasing need for commercial aircraft fleet expansion, expanding passenger base globally, set-up of newer airline operators, increasing tourism and travel around the world, and increasing base of travelers opting for domestic travel as a result of reducing air fares and tariffs, discounts and frequent-flyer benefits, and increasing population globally.
The top five companies offering aircraft ice protection systems and products in the global aircraft ice protection market include Ноnеуwеll Іntеrnаtіоnаl Іnс., Unіtеd Тесhnоlоgіеѕ Соrроrаtіоn, Ѕаfrаn, САV Ѕуѕtеmѕ Ltd., and Меggіtt РLС. The company names have been included in the list according to their respective revenue share in the target market.
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