LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global aircraft ice protection system market since 2018 and the market is poised to grow by USD 1.77 billion during 2019-2023 at a CAGR of over 6% during the forecast period. Request Free Sample Pages
Read the 131-page research report with TOC on "Aircraft Ice Protection System Market Analysis Report by application (commercial aviation, military aviation, and business aviation), by geography (APAC, Europe, the Middle East and Africa, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the increasing procurement of new-generation aircraft. In addition, the development of heater-based technology carbon nanotubes (CNT) is anticipated to further boost the growth of the aircraft ice protection system market.
With the rise in air passenger traffic, aircraft operators are required to procure new aircrafts to effectively satiate the demand. This is driving major aircraft OEMs to ensure timely deliveries of new aircrafts by revamping their existing production facilities. These aircrafts incorporate a specific model and arrangement of ice protection equipment pre-installed ahead of final delivery. This is opening more business opportunities for aircraft ice protection system manufacturers. Thus, the increasing procurement of new-generation aircraft is expected to drive market growth during the forecast period.
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Major Five Aircraft Ice Protection System Market Companies:
Honeywell International Inc.
Honeywell International Inc. is headquartered in the US and operates the business under various segments such as Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers components such as engine bleed system valves and anti-ice valves.
LIEBHERR International AG
LIEBHERR International AG is headquartered in Switzerland and offers products through the following business units: Earthmoving, Mining, Mobile cranes, Tower cranes, Concrete technology, Maritime cranes, Aerospace and transportation systems, Gear technology and automation systems, Domestic appliances, and Components.
Meggitt Plc is headquartered in the UK and operates under various business segments, namely Aircraft Braking Systems, Control System, Polymers & Composites, Sensing Systems, and Equipment Group. The company offers components such as bleed air and next-generation electro-thermal systems.
Melrose Industries Plc
Melrose Industries Plc is headquartered in the UK and offers products through the following business segments: Aerospace, Automotive, Powder Metallurgy, Nortek Air & Security, and Other Industrial. The company offers cost-effective, optimized, lightweight, and efficient component structures and assemblies.
United Technologies Corp.
United Technologies Corp. is headquartered in the US and offers products through the following business segments: Otis, Carrier, Pratt & Whitney, and Collins Aerospace Systems. The company offers components such as Goodrich FASTboot and DuraTherm electrothermal ice protection systems.
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Aircraft Ice Protection System Application Outlook (Revenue, USD Million, 2019 - 2023)
- Commercial aviation
- Military aviation
- Business aviation
Aircraft Ice Protection System Regional Outlook (Revenue, USD Million, 2019 - 2023)
- Middle East and Africa
- North America
- South America
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