According to the recent study the aircraft ignition system market is projected to reach an estimated $664.5 million by 2028 from $498 million in 2023, at a CAGR of 5.9% from 2023 to 2028. Growth in this market is primarily driven by growing number of aircraft based deliveries, continuous technological advancement in aircraft systems, and increasing penetration of these systems in UAVs.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
aircraft ignition system market by system type (electronic ignition system and
magneto ignition system), component type (igniters, ignition leads, exciters,
spark plugs, and others), engine type (turboprop engine, turbofan engine,
turbojet (APU) engine, and piston engine), end use industry (aftermarket and
original equipment manufacturer (OEM)), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
“Electronic ignition systems market is expected to remain the
largest segment during the forecast period.”
Based on system type,
the aircraft ignition system market is segmented into electronic ignition
system and magneto ignition system. Lucintel forecasts that the electronic
ignition systems market is expected to remain the largest segment due to the
increasing use of electronic ignition systems owing to their improved
reliability and longevity compared to traditional ignition systems used in
aircraft.
“Within the aircraft ignition system market, the aftermartket
segment is expected to remain the largest end use industry.”
Based on end use
industry the aftermartket segment is expected to witness the highest growth
over the forecast period due to the growing requirement for installed component
maintenance and replacement of parts in a timely manner.
“North America will dominate the aircraft ignition system market
in near future.”
North America will
remain the largest region due to the growing aircraft production and increasing
demand for aviation engines and engine components, such as ignition systems,
cylinders, vacuum pumps, carburettors, and alternators in the region.
Major players of
aircraft ignition system market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. SureFly
Partners, Woodward, Meggitt, Unison, Transdigm Group, and Kelly Aerospace are
among the major aircraft ignition system providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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