Military Aircraft Oxygen Systems Market Size to Reach $238.6 Million in 2025, Says Stratview Research
DETROIT, Nov. 8, 2019 /PRNewswire/ -- Stratview Research announces the launch of a new market research report on Military Aircraft Oxygen Systems Market by Aircraft Type (Transport Aircraft, Combat Aircraft, Aerial-Refueling Aircraft, and Others), by Supply Type (LOX, OBOGS, and others), by Delivery Type (Continuous Flow, Pressure Demand, and Diluter Demand), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
This 205-page comprehensive report, from Stratview Research, on the military aircraft oxygen systems market is one of its kind and estimates the current as well as future growth opportunities for the market participants till 2025. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits as well as formulate growth strategies.
Military Aircraft Oxygen Systems Market: Highlights
Oxygen system plays an important role in all types of aircraft; however, its magnitude becomes multifold when we talk about military aircraft considering aircraft's cruising speed and altitude. An increase in the altitude will result in a consequent decrease in pressure in the aircraft's cabin; thereby, reducing the amount of oxygen. The loss of pressurization can predispose the crew to the state of hypoxia when a military aircraft is flown at cruising levels, requiring supplemented oxygen at high altitude. Over the years, the industry has witnessed a remarkable evolution regarding the development of durable oxygen systems. Major market participants are working hard for the development of advanced oxygen systems addressing the industry's unmet needs.
As per Stratview Research, the global military aircraft oxygen systems market is projected to grow at a healthy rate over the next five years to reach US$ 238.6 million in 2025. Increasing defense budget of developing economies, such as China and India; increasing production rate of key programs including F35, and rising need for the upgradation of oxygen systems of the active fleet with the advanced ones are the major factors mushrooming the demand for oxygen systems in military aircraft. There has also been a growing demand for durable oxygen systems to mitigate maintenance costs.