Passenger Emergency Oxygen Deployment Systems Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Passenger Emergency Oxygen Deployment Systems Market is segmented by System (Crew Oxygen System and Passenger Oxygen System), Aircraft Type (Commercial Aircraft, Military Aircraft, and General Aviation Aircraft), and Geography.

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Passenger Emergency Oxygen Deployment Systems Market Size

passenger emergency oxygen deployment systems market overview
Study Period 2018 - 2028
Market Size (2023) USD 1.70 Billion
Market Size (2028) USD 2.43 Billion
CAGR (2023 - 2028) 7.42 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Passenger Emergency Oxygen Deployment Systems Market

*Disclaimer: Major Players sorted in no particular order
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Passenger Emergency Oxygen Deployment Systems Market Analysis

The Passenger Emergency Oxygen Deployment Systems Market size is expected to grow from USD 1.70 billion in 2023 to USD 2.43 billion by 2028, at a CAGR of 7.42% during the forecast period (2023-2028).

  • The COVID-19 pandemic had a severe impact on the global aviation sector. Within the commercial sector, passenger traffic experienced a significant decline in both 2020 and 2021. Nevertheless, the aviation industry began to show signs of improvement in 2022 and gradually returned to its pre-COVID-19 level.
  • According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2022 has improved compared to that of 2021. The international air passenger traffic in June 2022 increased by 229.5% compared to June 2021, and the revenue passenger kilometers (RPK) in June 2022 reached 65% of that of June 2019.
  • The increasing orders and deliveries of new commercial aircraft due to increasing air traffic passenger is anticipated to increase the demand for emergency oxygen systems in aircraft during the forecast period. The increasing military expenditure of emerging economies is propelling investments in the procurement of next-generation aircraft for enhancing their air capabilities. Moreover, combat aircraft are required to perform High-G maneuvers, which require the pilot to wear an oxygen mask to retain consciousness. These scheduled orders are anticipated to bolster the growth of oxygen systems in military aircraft. The need for regular replacement of oxygen systems is also anticipated to drive market growth in the coming years.

Passenger Emergency Oxygen Deployment Systems Market Trends

This section covers the major market trends shaping the Passenger Emergency Oxygen Deployment Systems Market according to our research experts:

Commercial Aircraft Segment Dominates the Market in terms of Share

The commercial aircraft segment currently dominates the market, and it is expected to continue its dominance during the forecast period. The increase in global passenger traffic due to the increase in passenger traffic due to an increase in the economy of the middle-class and increase in tourism has led to increase in the procurement of new aircraft by various airlines around the world. The increase in sales commercial aircraft is expected to subsequently drive the growth of the passenger emergency oxygen systems market. The aircraft deliveries of Airbus and Boeing increase by approximately 57% and 75% during the period of 2010 – 2018. In 2019, Airbus delivered 863 aircraft, and Boeing delivered 380 aircraft. The deliveries of Boeing decreased greatly in 2019 due to the crashes of B737 MAX aircraft. This led to the grounding of B737 MAX aircraft as well as cancellation of orders, due to which the deliveries. Further, due to COVID-19, the decrease in passenger traffic has greatly affected the revenues of airlines, which in turn might affect the expansion plans of the airlines in the coming years. Such factors are anticipated to hamper the growth of the segment in the coming years.

passenger emergency oxygen deployment systems market segment

Asia-Pacific is Expected Register the Highest Growth Rate During the Forecast Period

The Asia-Pacific region of the market is anticipated to register the highest CAGR during the forecast period. This is mainly due to the increasing passenger traffic in the region, which is propelling the demand for expansion plans of the airlines. Particularly, the growing passenger traffic of LCCs in the region generating demand for procurement of new narrow-body aircraft. Indigo placed an order for 300 A320neo family aircraft, a mix for A320neo, A321neo and A321XLR aircraft in October 2019. With this, the number of A320neo family aircraft on order of Indigo increased to 730 aircraft. Also, the increasing military spending and current on-going political tensions are generating demand for new military aircraft such as fighter aircraft, transport aircraft, and patrol aircraft among others is anticipated to generate demand for oxygen systems in during the forecast period.

passenger emergency oxygen deployment systems market geography

Passenger Emergency Oxygen Deployment Systems Industry Overview

Some of the prominent players in the passenger emergency oxygen deployment systems market are Safran SA, Collins Aerospace, Meggitt PLC, Rostec State Corporation, and Worthington Industries Inc., Cobham PLC, Collins Aerospace, and Safran SA, and they actively support commercial aircraft programs, such as the A320, A330, A350 XWB, B737, and B787 Dreamliner. Safran SA also supplies oxygen systems to general aviation aircraft programs, like Bombardier Global series, Dassault 7X, Embraer Legacy 450/500/650, and Praetor 500/600. The majority of the oxygen systems providers form long-term contracts with the aircraft OEMs to sustain constant revenues. The launch of new aircraft programs is anticipated to help the companies enhance their market presence. For instance, in 2018, Cobham plc was selected by Korean Aerospace Industries to design and produce the oxygen system for its new-generation KF-X aircraft. Such contracts are anticipated to augment the business prospects of the market in focus during the forecast period.

Passenger Emergency Oxygen Deployment Systems Market Leaders

  1. Safran SA

  2. Collins Aerospace (Raytheon Technologies Corporation)

  3. Meggitt PLC

  4. Rostec State Corporation

  5. Worthington Industries, Inc.

*Disclaimer: Major Players sorted in no particular order

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Passenger Emergency Oxygen Deployment Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 System

      1. 5.1.1 Crew Oxygen System

      2. 5.1.2 Passenger Oxygen System

    2. 5.2 Aircraft Type

      1. 5.2.1 Commercial Aircraft

      2. 5.2.2 Military Aircraft

      3. 5.2.3 General Aviation Aircraft

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Turkey

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Cobham PLC

      2. 6.2.2 Safran SA

      3. 6.2.3 Collins Aerospace (Raytheon Technologies Corporation)

      4. 6.2.4 Meggitt PLC

      5. 6.2.5 Rostec State Corporation

      6. 6.2.6 Aeromedix Inc.

      7. 6.2.7 Worthington Industries Inc.

      8. 6.2.8 Air Liquide SA

      9. 6.2.9 Precise Flight Inc.

      10. 6.2.10 PFW Aerospace GmbH

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Passenger Emergency Oxygen Deployment Systems Industry Segmentation

The emergency oxygen systems are deployed in the aircraft in case of emergencies that will help passengers and crew. The market study includes all the components of aircraft oxygen systems such as oxygen masks, oxygen storage devices, and oxygen delivery systems.

System
Crew Oxygen System
Passenger Oxygen System
Aircraft Type
Commercial Aircraft
Military Aircraft
General Aviation Aircraft
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle-East and Africa
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Passenger Emergency Oxygen Deployment Systems Market Research FAQs

The Passenger Emergency Oxygen Deployment Systems Market size is expected to reach USD 1.70 billion in 2023 and grow at a CAGR of 7.42% to reach USD 2.43 billion by 2028.

In 2023, the Passenger Emergency Oxygen Deployment Systems Market size is expected to reach USD 1.70 billion.

Safran SA, Collins Aerospace (Raytheon Technologies Corporation), Meggitt PLC, Rostec State Corporation and Worthington Industries, Inc. are the major companies operating in the Passenger Emergency Oxygen Deployment Systems Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2022-2028).

In 2022, the North America accounts for the largest market share in Passenger Emergency Oxygen Deployment Systems Market.

Passenger Emergency Oxygen Deployment Systems Industry Report

Statistics for the 2023 Passenger Emergency Oxygen Deployment Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Passenger Emergency Oxygen Deployment Systems analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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