The South America aircraft ignition system market is expected to grow from US$ 24.18 million in 2022 to US$ 27.97 million by 2028. It is estimated to grow at a CAGR of 2.5% from 2022 to 2028.
Product Development and Expansion of Distribution Channels is Fueling the South America Aircraft Ignition System Market
The aviation industry is transforming by adding new and innovative products to its portfolio. Stakeholders across the aviation industry continuously invest in the R&D to introduce robust solutions for simplifying industrial operations. Aircraft engine manufacturers are developing next-generation, fuel-efficient engines along with advanced and compatible digital ignition systems and can improve the overall aircraft performance. In July 2019, Lycoming Engines introduced the Lycoming Electronic Ignition System (EIS). The system is the replacement for magnetos, providing easy installation; engine start ability; and improved safety, durability, and performance. The demand for ignition systems is increasing as the market vendors are also expanding their distribution channels. A few of the product developments and partnerships regarding the expansion of distribution channels haven taken place in recent years. For instance, In July 2022, Champion Aerospace announced an exclusive distribution agreement with S3 AeroDefense. Under this agreement, S3 AeroDefense will be the distributor of their Turbine Ignition line of products. Thus, the development of ignition systems, expansion of distribution channels, and high investment from manufacturers across the region are projected to drive the growth of aircraft ignition system market.South America Aircraft Ignition System Market Overview
The South America aircraft ignition system market is bifurcated into Brazil and the Rest of South America. Embraer, a prominent aircraft manufacturer, is headquartered in Brazil. Over the years, the company has increased its production of several aircraft models such as E170, E175, E190, E195, E190-E2, and E195-E2. According to the company's order book as of Q2 2022, it has delivered 1,688 aircraft out of the order received for the delivery of 2,000. With such orders, the need for engine components, such as cylinders, vacuum pumps, carburetors, and ignition systems, is also on the rise in the region. Several engine MRO service providers are operating in South America; a few of these include GKN Aerospace Services Limited, Drayton Aerospace, and MTU Aero Engines AG. MTU Aero Engines AG in November 2022 signed a contract with Gulf Air to offer MRO services for its A321ceo fleet's V2500 Engines. Such strategic initiatives by these companies to expand their geographic reach and bolster their clientele are further expected to add to the demand for aircraft parts, including engines and their subparts. thereby contributing to the growth of the South America aircraft ignition system market.South America Aircraft Ignition System Market Revenue and Forecast to 2028 (US$ Million)
South America Aircraft Ignition System Market Segmentation
The South America aircraft ignition system market is segmented based on component, type, engine type, and country.- Based on component, the South America 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 South America 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 South America 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 South America aircraft ignition system market has been categorized into Brazil and the Rest of South America. Our regional analysis states that Brazil dominated the market in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Aircraft Ignition System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Aircraft Ignition System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Aircraft Production
5.1.2 Growing Adoption of Fully Authority Digital Engine Control (FADEC) systems
5.2 Market Restraints
5.2.1 Discontinuation of Quadjet Production
5.3 Market Opportunities
5.3.1 Future Engine Orders to Propel Ignition System Demand
5.4 Future Trends
5.4.1 Product Development and Expansion of Distribution Channels
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Ignition System Market - SAM Analysis
6.1 SAM Aircraft Ignition System Market Forecast and Analysis
7. SAM Aircraft Ignition System Market Analysis - By Component
7.1 Overview
7.2 SAM Aircraft Ignition System Market, by Component (2021 & 2028)
7.3 Ignition Leads
7.3.1 Overview
7.3.2 Ignition Leads: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Igniters
7.4.1 Overview
7.4.2 Igniters: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Spark Plugs
7.5.1 Overview
7.5.2 Spark Plugs: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Exciters
7.6.1 Overview
7.6.2 Exciters: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
8. SAM Aircraft Ignition System Market Analysis - By Type
8.1 Overview
8.2 SAM Aircraft Ignition System Market, by Type (2021 & 2028)
8.3 Electric Ignition
8.3.1 Overview
8.3.2 Electric Ignition: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Magneto Ignition
8.4.1 Overview
8.4.2 Magneto Ignition: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
9. SAM Aircraft Ignition System Market Analysis - By Engine Type
9.1 Overview
9.2 SAM Aircraft Ignition System Market, by Engine Type (2021 & 2028)
9.3 Turboprop Engine
9.3.1 Overview
9.3.2 Turboprop Engine: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Turbofan Engine
9.4.1 Overview
9.4.2 Turbofan Engine: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Turbojet Engine
9.5.1 Overview
9.5.2 Turbojet Engine: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Piston Engine
9.6.1 Overview
9.6.2 Piston Engine: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
10. SAM Aircraft Ignition System Market - Country Analysis
10.1 Overview
10.1.1 SAM: Aircraft Ignition System Market, by Key Country
10.1.1.1 Brazil: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Aircraft Ignition System Market, by Type
10.1.1.1.2 Brazil: Aircraft Ignition System Market, by Component
10.1.1.1.3 Brazil: Aircraft Ignition System Market, by Engine Type
10.1.2 Rest of SAM: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Rest of SAM: Aircraft Ignition System Market, by Type
10.1.2.1.2 Rest of SAM: Aircraft Ignition System Market, by Component
10.1.2.1.3 Rest of SAM: Aircraft Ignition System Market, by Engine Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. COMPANY PROFILES
12.1 Sonex LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Champion Aerospace Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Tempest Aero Group LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Surefly Partners Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kelly Aerospace Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Continental Aerospace Technologies Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. SAM Aircraft Ignition System Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. Brazil: Aircraft Ignition System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Aircraft Ignition System Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Aircraft Ignition System Market, by Engine Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of SAM: Aircraft Ignition System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Aircraft Ignition System Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Aircraft Ignition System Market, by Engine Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
List of Figures
Figure 1. SAM Aircraft Ignition System Market Segmentation
Figure 2. SAM Aircraft Ignition System Market Segmentation - Country
Figure 3. SAM Aircraft Ignition System Market Overview
Figure 4. SAM Aircraft Ignition System Market, by Component
Figure 5. SAM Aircraft Ignition System Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. SAM Aircraft Ignition System Market: Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. SAM Aircraft Ignition System Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Aircraft Ignition System Market, Forecast and Analysis (US$ Million)
Figure 11. SAM Aircraft Ignition System Market Revenue Share, by Component (2021 & 2028)
Figure 12. Ignition Leads: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Igniters: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Spark Plugs: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Exciters: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Aircraft Ignition System Market Revenue Share, by Type (2021 & 2028)
Figure 18. Electric Ignition: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Magneto Ignition: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Aircraft Ignition System Market Revenue Share, by Engine Type (2021 & 2028)
Figure 21. Turboprop Engine: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Turbofan Engine: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Turbojet Engine: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Piston Engine: SAM Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM: Aircraft Ignition System Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 26. SAM: Aircraft Ignition System Market Revenue Share, by Key Country (2021 & 2028)
Figure 27. Brazil: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Aircraft Ignition System Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Champion Aerospace Inc
- Continental Aerospace Technologies Inc
- Kelly Aerospace Inc
- Sonex LLC
- Surefly Partners Ltd
- Tempest Aero Group LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 24.18 Million |
| Forecasted Market Value ( USD | $ 27.97 Million |
| Compound Annual Growth Rate | 2.5% |
| No. of Companies Mentioned | 6 |
