Europe Aircraft Ignition System Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Type (Electric Ignition and Magneto Ignition), Component (Ignition Leads, Igniters, Spark Plugs, Exciters, and Others), and Engine Type (Turboprop Engine, Turbofan Engine, Turbojet Engine, and Piston Engine)


No. of Pages: 118    |    Report Code: BMIRE00028060    |    Category: Aerospace and Defense

Europe Aircraft Ignition System Market
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The Europe aircraft ignition system market is expected to grow from US$ 115.62 million in 2022 to US$ 162.43 million by 2028. It is estimated to grow at a CAGR of 5.8% from 2022 to 2028.

 

Growing Aircraft Production is Driving the Europe Aircraft Ignition System Market.

Commercial airlines experienced a significant rise in the annual air passenger volume until early 2020. The aircraft manufacturing industry witnessed constant pressure from the commercial aviation sector to deliver the required volume of aircraft fleet of various models to accommodate more travelers. The growing demand for aircraft models among the commercial airlines is attributed to the increasing number of low-cost carriers (LCCs) and fleet expansion strategies adopted by full-service carriers. Aircraft manufacturers, such as Airbus and Boeing, are receiving increasing order volumes and adding a substantial number of LCCs to their fleets. Currently, the demand for wide-body and narrow-body aircraft fleet is high. However, the inclination toward long-range, narrow-body type is increasing as most commercial aviation companies are focusing on enlarging fleet size and lowering operational costs. The demand for charter operations is growing across different countries. Charter operators are constantly expanding their routes and adding new aircraft models to their fleets due to growing need for non-scheduled business travel. This bolstered the demand for business jets and turboprops across the region. Besides, the demand for light-sport and trainer aircraft remained high. The rising interest of millennials in aircraft pilot training is also propelling the demand for general aviation aircraft deliveries across different countries. The aircraft engine manufacturers are manufacturing next-generation engines that are compatible with the electric ignition system and provide better spark to power the engine even at low speed. Also, the reduced emission due to the system makes it environment friendly, in turn, leading to increased production. It increases the engine's efficiency and makes it fuel-efficient compared to magneto ignition system. Thus, the growing production of aircraft and engines is driving the Europe aircraft ignition system market growth.  

 

Europe Aircraft Ignition System Market Overview

 

The aircraft ignition system market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The region has one of the world’s leading aviation sectors, which signifies the rise in demand for commercial aircraft across the region. Several European countries spend significantly high amounts on military reinforcement, which indicates high demand for military aircraft. A few of the major aircraft manufacturers present in the region include Airbus, Leonardo S.p.A, and Saab AB. Airbus delivered 611 units of commercial aircraft in 2021 compared to 566 units in 2020. An increase in aircraft deliveries by these companies every year is adding to the demand for aircraft engines. The region also has significant presence of engine manufacturers such as Safran SA, Rolls Royce plc, and MTU Aero Engines AG. Safran SA, in July 2022, announced the opening of three aerospace plants, along with plans to set up an engine MRO plant in 2025. Such activities by the abovementioned companies to expand their product portfolios and geographic presence would bolster the engine production volume by companies, thereby resulting in a high demand for engine components, including ignition systems. The aircraft ignition system market players operating in Europe include Meggitt (UK) Ltd. and PBS Group, a. s. These companies engage in the development of new products and participation in global aerospace trade fairs. For instance, PBS Group, a. s., in June 2022, participated in the Eurosatory 2022, an international trade fair, to present its turbojet engines. Presentation of their products in global events is expected to offer future opportunities to the companies in terms of both engine and engine part manufacturing. These factors are expected to drive the growth of the Europe aircraft ignition system market during the forecast period. 

 

Europe Aircraft Ignition System Market Revenue and Forecast to 2028 (US$ Million)

Europe Aircraft Ignition System Market Revenue and Forecast to 2028 (US$ Million)  
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Europe Aircraft Ignition System Strategic Insights

Strategic insights for the Europe Aircraft Ignition System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Aircraft Ignition System Report Scope

Report Attribute Details
Market size in 2022 US$ 115.62 Million
Market Size by 2028 US$ 162.43 Million
Global CAGR (2022 - 2028) 5.8%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Electric Ignition
  • Magneto Ignition
By Component
  • Ignition Leads
  • Igniters
  • Spark Plugs
  • Exciters
By Engine Type
  • Turboprop Engine
  • Turbofan Engine
  • Turbojet Engine
  • Piston Engine
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Champion Aerospace Inc
  • Continental Aerospace Technologies Inc
  • FADEC International LLC
  • Kelly Aerospace Inc
  • PBS Group AS
  • Sonex LLC
  • Surefly Partners Ltd
  • Tempest Aero Group LLC
  • Unison Industries LLC
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    Europe Aircraft Ignition System Regional Insights

    The geographic scope of the Europe Aircraft Ignition System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Aircraft Ignition System Market Segmentation

     

    The Europe aircraft ignition system market is segmented based on component, type, engine type, and country.

     

    Based on component, the Europe aircraft ignition system market is segmented into ignition leads, igniters, spark plugs, exciters, and others. The spark plugs segment held the largest market share in 2022.

     

    Based on type, the Europe aircraft ignition system market is bifurcated into electric ignition and magneto ignition. The electric ignition segment held a larger market share in 2022.

     

    Based on engine type, the Europe aircraft ignition system market is segmented into turboprop engine, turbofan engine, turbojet engine, and piston engine. The turbofan engine segment held the largest market share in 2022.

     

    Based on country, the Europe aircraft ignition system market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that France dominated the market in 2022.

     

    Champion Aerospace Inc, Continental Aerospace Technologies Inc, FADEC International LLC, Kelly Aerospace Inc, PBS Group AS, Sonex LLC, Surefly Partners Ltd, Tempest Aero Group LLC, and Unison Industries LLC are the leading companies operating in the Europe aircraft ignition system market. 

    The List of Companies - Europe Aircraft Ignition System Market

    1. Champion Aerospace Inc
    2. Continental Aerospace Technologies Inc
    3. FADEC International LLC
    4. Kelly Aerospace Inc
    5. PBS Group AS
    6. Sonex LLC
    7. Surefly Partners Ltd
    8. Tempest Aero Group LLC
    9. Unison Industries LLC
    Frequently Asked Questions
    How big is the Europe Aircraft Ignition System Market?

    The Europe Aircraft Ignition System Market is valued at US$ 115.62 Million in 2022, it is projected to reach US$ 162.43 Million by 2028.

    What is the CAGR for Europe Aircraft Ignition System Market by (2022 - 2028)?

    As per our report Europe Aircraft Ignition System Market, the market size is valued at US$ 115.62 Million in 2022, projecting it to reach US$ 162.43 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.

    What segments are covered in this report?

    The Europe Aircraft Ignition System Market report typically cover these key segments-

    • Type (Electric Ignition, Magneto Ignition)
    • Component (Ignition Leads, Igniters, Spark Plugs, Exciters)
    • Engine Type (Turboprop Engine, Turbofan Engine, Turbojet Engine, Piston Engine)

    What is the historic period, base year, and forecast period taken for Europe Aircraft Ignition System Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Ignition System Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Europe Aircraft Ignition System Market?

    The Europe Aircraft Ignition System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Champion Aerospace Inc
  • Continental Aerospace Technologies Inc
  • FADEC International LLC
  • Kelly Aerospace Inc
  • PBS Group AS
  • Sonex LLC
  • Surefly Partners Ltd
  • Tempest Aero Group LLC
  • Unison Industries LLC
  • Who should buy this report?

    The Europe Aircraft Ignition System Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Aircraft Ignition System Market value chain can benefit from the information contained in a comprehensive market report.

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