Passenger Emergency Oxygen Deployment Systems Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.83 Billion |
| Market Size (2029) | USD 2.61 Billion |
| CAGR (2024 - 2029) | 7.42 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Passenger Emergency Oxygen Deployment Systems Market Analysis
The Passenger Emergency Oxygen Deployment Systems Market size is estimated at USD 1.83 billion in 2024, and is expected to reach USD 2.61 billion by 2029, growing at a CAGR of 7.42% during the forecast period (2024-2029).
The International Air Transport Association (IATA) report shows that international air passenger traffic saw a significant uptick in 2023 compared to 2022, with a notable 36.9% surge. Specifically, the EU alone saw a 19% rise, carrying 976 million passengers in 2023.
The surge in orders and deliveries of new commercial aircraft, driven by the escalating passenger numbers, is set to boost the demand for emergency oxygen systems in aircraft. This demand is further bolstered by the retirement of older aircraft and stringent safety mandates. Additionally, cabin reconfigurations and system installations present lucrative opportunities for MRO players.
Heightened military spending in emerging economies is channeling investments into next-gen aircraft, bolstering their air capabilities. Given the high-G maneuvers that combat aircraft are designed for, pilots must wear oxygen masks to maintain consciousness. Consequently, the market anticipates a rise in the replacement of oxygen systems in the future.
Passenger Emergency Oxygen Deployment Systems Market Trends
The Commercial Aircraft Segment is Expected to Dominate the Market During the Forecast Period
The growth of the commercial segment was primarily due to increased worldwide airline purchases for newer aircraft to replace aging fleets and extend their service offering. The increasing demand for commercial aviation is due to increased global air passenger traffic, which has driven carriers to purchase new-generation aircraft to assure profitability. The Airport Council International published its industry outlook for 2023-2024, projecting that the global passenger volume in 2023 would be approximately 8.6 billion passengers, 94.2% of 2019.
The rise in air traffic prompts airline operators to initiate procurement drives and order new-generation aircraft. For instance, in March 2024, Boeing and American Airlines announced that the airline would modernize its global fleet with its first order for the largest B737 MAX airplane. The airline is committed to purchasing 115 of the B737-10 model, which includes a new order for 85 jets and a conversion of a previous order for 30 of the smaller B737-8 variants. A rise in commercial aircraft demand will also drive the demand for emergency oxygen deployment systems, as safety is a primary mandate for commercial aviation.
Asia-Pacific is Expected to Register the Highest Growth Rate During the Forecast Period
Due to a swift recovery in passenger traffic, the Asia-Pacific market is poised for robust growth with the highest CAGR. Airlines in China, India, Japan, and South Korea are leading the charge, with significant orders for narrowbody and widebody aircraft, signaling a clear intent for fleet expansion and modernization. Boeing's projection underscores this surge in demand: a staggering 8,595 aircraft deliveries are anticipated in Asia-Pacific between 2022 and 2041, with single-aisle aircraft comprising an estimated 76% of this total and China emerging as the destination for nearly half of these deliveries.
Moreover, as domestic passenger traffic rebounds, the procurement of narrowbody aircraft is set to intensify. This trend was vividly illustrated in June 2023 when Indigo, a major Indian carrier, ordered 500 Airbus A320neo family planes at the Paris Air Show. Air India sealed deals for 470 aircraft, 250 from Airbus and 220 from Boeing, amounting to a substantial USD 70 billion. These orders from Air India encompass a diverse range, including 70 widebody planes from both Airbus and Boeing, alongside numerous narrowbody aircraft, with additional purchase options from Boeing. Such strategic moves by key players are poised to be pivotal in driving the market's growth in the years ahead.
Passenger Emergency Oxygen Deployment Systems Industry Overview
The passenger emergency oxygen deployment systems market is dominated by key players, including Safran, RTX Corporation, Meggitt Ltd, Diehl Stiftung & Co. KG, and Worthington Industries Inc. These companies play pivotal roles in supporting major commercial aircraft programs, such as the A320, A330, A350 XWB, B737, and B787 Dreamliner.
Besides its involvement in commercial aircraft, Safran is also a notable supplier of oxygen systems for general aviation aircraft programs. These include the Bombardier Global series, Dassault 7X, Embraer Legacy 450/500/650, and Praetor 500/600. Highlighting Safran's strategic moves, in June 2023, the company made a significant acquisition. Safran acquired the aeronautical oxygen and nitrogen activities from Air Liquide Advanced Technologies, further enhancing its existing Safran On-Board Oxygen Generation Systems (OBOGS) product line. Additionally, in February 2022, Singapore Airlines (SIA) ordered seven Airbus A350F aircraft, with an option for an additional five. These A350F aircraft are slated to replace the currently operational Boeing B747-400F models.
Passenger Emergency Oxygen Deployment Systems Market Leaders
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Worthington Industries, Inc.
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RTX Corporation
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Diehl Stiftung & Co. KG
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Safran
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Meggitt Ltd.
*Disclaimer: Major Players sorted in no particular order
Passenger Emergency Oxygen Deployment Systems Market News
July 2023: Mission Systems received a USD 12 million contract to redesign and upgrade the existing onboard oxygen System GGU-12+ oxygen concentrator in Australian F/A-18F multi-role fighter jets.
June 2022: Diehl Aviation (Germany) built its emergency oxygen supply generator for onboard passenger aircraft. The company showcased its product officially at Aircraft Interiors Expo (AIX). The Diehl Aviation generator could be installed and retrofitted in all A320 and B737 series.
Passenger Emergency Oxygen Deployment Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 System
5.1.1 Crew Oxygen System
5.1.2 Passenger Oxygen System
5.2 Aircraft Type
5.2.1 Commercial Aircraft
5.2.2 Military Aircraft
5.2.3 General Aviation Aircraft
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 Turkey
5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Cobham Limited
6.2.2 Safran
6.2.3 RTX Corporation
6.2.4 Meggitt Ltd
6.2.5 Aeromedix Inc.
6.2.6 Worthington Industries Inc.
6.2.7 L’AIR LIQUIDE SA
6.2.8 Precise Flight Inc.
6.2.9 PFW Aerospace GmbH
6.2.10 Caeli Nova
6.2.11 Diehl Stiftung & Co. KG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Passenger Emergency Oxygen Deployment Systems Industry Segmentation
Emergency oxygen systems are deployed in the aircraft in case of emergencies to 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.
The passenger emergency oxygen deployment systems market is segmented by system, aircraft type, and geography. By system, the market is segmented into crew oxygen systems and passenger oxygen systems. By aircraft type, the market is segmented into commercial aircraft, general aviation aircraft, and military aircraft. Also, the report covers the market sizes and forecasts for the passenger emergency oxygen deployment systems market in major countries across various regions. For each segment, the market size is provided in terms of value (USD).
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| Crew Oxygen System | |
| Passenger Oxygen System |
| Aircraft Type | |
| Commercial Aircraft | |
| Military Aircraft | |
| General Aviation Aircraft |
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Passenger Emergency Oxygen Deployment Systems Market Research FAQs
How big is the Passenger Emergency Oxygen Deployment Systems Market?
The Passenger Emergency Oxygen Deployment Systems Market size is expected to reach USD 1.83 billion in 2024 and grow at a CAGR of 7.42% to reach USD 2.61 billion by 2029.
What is the current Passenger Emergency Oxygen Deployment Systems Market size?
In 2024, the Passenger Emergency Oxygen Deployment Systems Market size is expected to reach USD 1.83 billion.
Who are the key players in Passenger Emergency Oxygen Deployment Systems Market?
Worthington Industries, Inc., RTX Corporation, Diehl Stiftung & Co. KG, Safran and Meggitt Ltd. are the major companies operating in the Passenger Emergency Oxygen Deployment Systems Market.
Which is the fastest growing region in Passenger Emergency Oxygen Deployment Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Passenger Emergency Oxygen Deployment Systems Market?
In 2024, the North America accounts for the largest market share in Passenger Emergency Oxygen Deployment Systems Market.
What years does this Passenger Emergency Oxygen Deployment Systems Market cover, and what was the market size in 2023?
In 2023, the Passenger Emergency Oxygen Deployment Systems Market size was estimated at USD 1.69 billion. The report covers the Passenger Emergency Oxygen Deployment Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Passenger Emergency Oxygen Deployment Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Passenger Emergency Oxygen Deployment Systems Industry Report
Statistics for the 2024 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 for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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