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Aircraft Ignition System Market: Increasing Number of Aircraft Deliveries across the Globe

by Akashp56 · June 19, 2019

The global aircraft ignition system market聽was valued at US$ 1 Devonta Freeman Falcons Jersey ,862.8Mn in 2017 and is expected to expand at a CAGR of 5.8% from 2018 to 2026, reaching US$ 3,073.6 Mn by the end of the forecast period. This market growth can be attributed to the increasing number of aircraft deliveries across the globe arising out of increase in air traffic.

Increasing number of aircraft deliveries across the globe to fuel market growth

One of the prominent reasons for the growth of the aircraft ignition system market is the spike in the number of aircraft deliveries across the globe. According to the General Aviation Manufacturers Association (GAMA) and Market Outlook Report by Boeing Calvin Ridley Falcons Jersey , aircraft deliveries of new airplanes is estimated to grow over 30,000 in the next couple of years. Furthermore, the increasing adoption of advanced technologies in aircraft ignition systems is assisting market growth across the globe.

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Replacement of traditional Magneto Ignition Systems with Electronic Ignition Systems by key players a prevalent trend across regions

The key trend prevalent in the aircraft ignition system market is the replacement of traditional magneto ignition systems with electronic ignition systems. The traditional magneto ignition systems have enjoyed a greater market share during the last couple of decades. However Julio Jones Falcons Jersey , aircraft engine requirements are changing rapidly due to the advancements in aircraft technology. The new age electronics ignition systems offer compact form factor and better fuel efficiency in addition to increased reliability and reduced maintenance cost which is leading to its increased adoption.

Turbine segment to be the major revenue generating segment in聽2026

Based on engine type, the market has been segmented into turbine engine and reciprocating engine. In 2017, the turbine engine segment garnered a greater revenue share and is expected to expand at a higher CAGR of 5.8% over the forecast period.聽 This growth can be attributed to the widespread use of turbine engines owing to their high performance and low maintenance cost.

Spark plugs to demonstrate an impressive growth rate over the forecast period

Based on components Qadree Ollison Falcons Jersey , the market has been divided into igniters, exciters, leads John Cominsky Falcons Jersey , spark plugs, and others. The exciters segment commanded major revenue share in 2017 due to its high price. This growth can be attributed to the frequent replacements of spark plugs.

Asia Pacific to be the