Global Aerospace Oxygen System Market Report 2023 | Market Size, Share, Growth, Opportunities, Scope


Posted November 1, 2023 by Shraddhatbrc

Global aerospace oxygen system market size is expected at $6.59 Bn by 2027 at a growth rate of 6.6%.
 
The Business Research Company’s Aerospace Oxygen System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Aerospace Oxygen System Global Market Report 2023 evaluates aerospace oxygen system market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global aerospace oxygen system market is expected to grow from $4.74 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace oxygen system market is expected to reach $6.59 billion in 2027 at a CAGR of 6.6%.

The increase in air traffic is expected to propel the growth of the aerospace oxygen system market going forward. Air traffic refers to aircraft movement through the airspace, including take-off, landing, and navigation of planes, helicopters, and other aerial vehicles. Aerospace oxygen systems are necessary for air traffic operations in high-altitude flights or military missions. These systems allow workers, including pilots, crew members, and specialist operators, to work efficiently and safely at high altitudes where the oxygen concentration is too low for regular breathing. For instance, in March 2023, according to a report published by the Bureau of Transportation Statistics, a US-based government agency, in 2022, US airlines transported 194 million more passengers than in 2021, a 30% increase year on year. From January to December 2022, US airlines handled 853 million passengers (unadjusted), up from 658 million in 2021 and 388 million in 2020. Therefore, the increase in air traffic is driving the growth of the aerospace oxygen system market.

Get More Information On The Aerospace Oxygen System Market Report:
https://www.thebusinessresearchcompany.com/report/aerospace-oxygen-system-global-market-report

The aerospace oxygen system market segments in the report are:
1) By Product: Liquid Oxygen System, Gaseous Oxygen System, On Board Oxygen Generation System
2) By System: Protective Breathing, Portable Oxygen System, Integrated System
3) By Category: Storage System, Delivery System, Oxygen Mask And Cannulas
4) By Mechanism: Chemical Oxygen Generator, Compressed Oxygen System
5) By Application: Passenger Seating Area, Cabin Crew Area, Other Applications

The table of contents in TBRC’s aerospace oxygen system market report includes:
1. Executive Summary
2. Aerospace Oxygen System Market Characteristics
3. Aerospace Oxygen System Market Trends And Strategies
4. Aerospace Oxygen System Market - Macro Economic Scenario
5. Global Aerospace Oxygen System Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Aerospace Oxygen System Market Competitive Benchmarking
33. Global Aerospace Oxygen System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aerospace Oxygen System Market
35. Aerospace Oxygen System Market Future Outlook and Potential Analysis
36. Appendix

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Tags aerospace oxygen system market analytics , aerospace oxygen system market growth , aerospace oxygen system market trends , aerospace oxygen system market size , aerospace oxygen system market share
Last Updated November 1, 2023