Aircraft Ignition System Market to Clock CAGR of 5.80% During 2018-2026; Rise in Adoption of Electronic Ignition Systems Keeps Growth Lucrative, Finds TMR

• Rising numbers of commercial aircraft deliveries and aftermarket bolster demand for modern aircraft ignition systems; after sales services to contribute to market growth
• North America and Asia Pacific most attractive markets
  

ALBANY, New York, March 24, 2020 /PRNewswire/ -- Growing demand for advanced ignition systems in new aircrafts as well as for aftermarket has helped providers of electronic ignition systems to reap lucrative gains. In 2017, the market stood at US$1,862.8 million. Increasing preference of electronic ignition systems over magneto ignition systems, increasingly in growing numbers of new commercial aircrafts, will help the market reach higher revenues in coming years. By 2026-end, the global aircraft ignition system market is expected to touch valuation of US$ 3,073.6 million, garnering a CAGR of 5.80% during 2018 – 2026.

Asia Pacific market is expected to the fastest growing market geographically. Rapid uptake of electronic ignition systems accounts for sizable revenues of aircraft ignition system, note the analysts at TMR.

Key Takeaways in Aircraft Ignition System Market Study

• Of all regional markets, Asia Pacific is expected to be the most attractive CAGR during 2018 – 2026; burgeoning rise in air traffic should be key driver
• Europe, trailed by North America, are expected to be the leading revenue generators in 2017
• Among all the engine types, turbine engine segment accounted for the major revenue share in 2017; widespread uptake key factor
• Of all the key components, exciters account for the key revenue share in 2017; high price the key contributor

Explore 155 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Aircraft Ignition System Market (Product Type - Magneto (High Tension Magneto System, Low Tension Magneto System), Electronic; Engine Type - Turbine Engine, Reciprocating Engine; Component - Igniters, Exciters, Leads, Spark Plugs; End use - OEM, Aftermarket- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 at https://www.transparencymarketresearch.com/aircraft-ignition-system-ma ...