As per a study by Persistence Market Research, from US$ 46.3 Billion in 2022 to US$ 113.2 Billion in 2032, the global Environmental Control System (ECS) Market is predicted to grow at a 9.4% CAGR from 2022 to 2032. The absolute dollar growth of the market is likely to be worth US$ 66.9 Billion. With the booming aviation industry of the developing economies across the globe, coupled with increasing government investments in the aerospace & defense sector of these economies, the demand for new aircraft fleet is expected.
In addition, the majority of the demand for new aircraft fleet is expected from developing Asian countries, such as and China, India, as well as other ASEAN countries, with large populations as well as a rapidly developing economy, which in turn will widen the scope of the market in the forthcoming years. Other major factors that are propelling the Environmental Control System (ECS) Market during the forecast period include technological advancements in environmental control systems and the growth in air traffic.
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Furthermore, the airlines in developed as well as developing countries are increasingly ordering a number of aircraft to meet the constantly rising demand for air travel. The need for air travel is increasing significantly led by the continuously rising disposable income of consumers in developing and developed regions across the globe, which in turn is expected to accelerate the market growth over the analysis period.
Key Takeaways:
- Mobility/Telephony Solutions are expected to grow at a high rate in the solution sector of the Environmental Control System (ECS) Market, with a CAGR of 9.4% during the forecast period.
- The Environmental Control System (ECS) Market in the U.S is expected to be worth US$ 23.2 Billion by 2032, with a CAGR of 7.9% over the forecast period.
- The market size for Environmental Control System (ECS) in China is expected to reach US$ 8.5 Billion by 2032, growing at a CAGR of 15.0%
- India is expected to reach a market size of US$ 8.2 Billion in the Environmental Control System (ECS) Market by 2032, with a CAGR of 14.5% during the research period.
- Japan is expected to have a market size for Environmental Control System (ECS) of US$ 7.1 Billion by 2032, with a CAGR of 12.9% during the research period.
- By 2032, U.K is expected to reach a market size of US$ 5.7 Billion in the Environmental Control System (ECS) Market, with a CAGR of 6.1% during the research period.
“With the booming aviation industry of the developing economies across the globe, coupled with increasing Governments investments in the aerospace & defense sector of these economies, the demand for new aircraft fleet is expected,” remarks a PMR analyst.
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Competitive Landscape
The global market for Environmental Control System (ECS) is extremely fragmented, with many major and small enterprises operating at the regional and country levels. Prominent players in the Environmental Control System (ECS) Market are Liebherr International, Honeywell International, Curtiss Wright Corporation, Meggitt, United Technologies Corporation, Mecaer Aviation Group, Jormac Aerospace, PBS Velka Bites, and Air Innovations, among others.
- In October 2021, Mecaer Aviation Group, Inc. (MAG), and GFG Style collaborated to design innovative and lavish business aircraft interiors. The collaboration is focused on development of business jet interiors that combine Italian styling & comfort with pragmatic functionality embedded into passenger touchpoints. The results produce a remarkably enjoyable cabin environment that is highly versatile, exceeding the needs of business/corporate travelers, personal/individual travelers, and group/family travelers.
- In June 2021, Air Innovations announced the availability of its MyZone™ personal desk environment. The MyZone personal desk environment is a console management system that can be attached to a personal work surface and combines environmental control, lighting control, and lift functions inside a single unit. The user can control these features with a non-fixed controller, which can be positioned anywhere on their desk.
Find More Valuable Insights on ECS Market
Persistence Market Research puts forward an unbiased analysis of the global ECS market, providing historical demand data (2015-2021) and forecast statistics for the period of 2022-2032. To understand the opportunities in Big Data as a Service, the market is segmented on the basis of component, deployment type, organization size, and vertical across five major regions.
For additional insights on how growth of the ECS market will unfold over the next decade, write to the analyst at media@persistencemarketresearch.com
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