Air Management System Global Market Report 2024

The air management system market size has grown strongly in recent years. It will grow from $5.72 billion in 2023 to $6.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to several factors. These include the impact of the industrial revolution and urbanization, heightened health concerns leading to a focus on disease prevention, the implementation of occupational safety regulations, increased awareness of environmental issues and efforts towards pollution control, as well as the influential role played by the aerospace and aviation industry in advancing air management systems.

The air management system market size is expected to see strong growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecasted period can be linked to several factors. These include a heightened focus on improving indoor air quality (IAQ), increased preparedness for health crises, the adoption of smart building technologies, emphasis on workplace wellness to enhance productivity, and a growing demand for advanced air management systems in healthcare settings. Key trends expected in this forecasted period encompass personalized air control solutions, the integration of UV-C and other disinfection technologies to improve air quality, efforts to incorporate natural ventilation methods, the development of zero-energy buildings to reduce energy consumption, and the utilization of cloud-based monitoring and control systems for efficient management of air quality in various settings.

The growth of the air management system market is expected to be propelled by the increasing air traffic. Air traffic encompasses the movement of aircraft through airspace, including take-offs, landings, and navigation of various aerial vehicles. Air management systems play a crucial role in this context, enabling air traffic controllers to monitor and regulate aircraft movements in real-time. These systems provide essential information such as aircraft locations, altitude, speed, and other pertinent data. For example, a report from the Bureau of Transportation Statistics, a US-based government agency, highlighted a significant increase in air travel in 2022, with US airlines transporting 194 million more passengers than in the previous year, reflecting a 30% year-on-year increase. The total number of passengers carried by US airlines reached 853 million in 2022, up from 658 million in 2021. This surge in air traffic is a key driver fueling the growth of the air management system market.

The growth of the air management system market is further anticipated to be boosted by the rise in tourism. Tourism involves individuals traveling to places outside their usual environment for leisure, business, or other purposes. The expanding tourism industry creates a heightened demand for air travel, necessitating advanced air management systems to efficiently handle increased air traffic, ensure safety, and enhance passenger comfort. For instance, data from the United Nations World Tourism Organization, a Spain-based specialized agency, indicated a substantial rebound in international tourist arrivals during the first quarter of 2023, reaching 80% of pre-pandemic levels with approximately 235 million travelers. This marked more than a twofold increase compared to the same period in 2022. The resilient performance of the tourism sector, with over 960 million international tourists in 2022, recovering two-thirds (66%) of pre-pandemic levels, underscores the industry's ability to rebound and regain momentum. Thus, the rise in tourism is a significant factor driving the growth of the air management system market.

Technology advancements emerge as a prominent and influential trend. Major companies within the market are actively engaged in the development of new technologies to ensure their continued prominence and competitiveness. An illustrative example of this trend is observed in the actions of Altitude Angel, a UK-based aerospace company. In March 2021, Altitude Angel launched GuardianUTM Enterprise, a next-generation airspace management solution technology. This innovative technology offers a unified view of the airspace surrounding airports, serving as a comprehensive solution for airports to initiate the design and provision of UTM (Unmanned Traffic Management) services for drone companies and operators. Altitude Angel's technology leverages proven digital authorization and flight management capabilities, providing a streamlined and efficient solution for airspace management.

Major companies in the air management system market are strategically focusing on introducing advanced products equipped with unique technological solutions. This strategic approach aims to cater to larger customer bases, drive increased sales, and ultimately boost revenue. One notable instance is the initiative by Honeywell International Inc., a US-based technology company. In January 2021, Honeywell launched the Cabin Pressure Control and Monitoring System (CPCMS). This system stands out due to its capability to regulate and monitor the air pressure within an aircraft. Deployed across various aircraft types, including commercial, business, and military jets, the CPCMS ensures the maintenance of a safe and comfortable cabin environment at high altitudes. One unique feature of this system is its ability to manage the inflow of air into the cabin, mitigating passenger discomfort by controlling the rate of pressure change during ascent and descent phases. This emphasis on advanced technological solutions underscores a commitment to delivering cutting-edge products and meeting the evolving needs of the air management system market.

In September 2022, Parker-Hannifin Corporation, a renowned US-based manufacturer specializing in motion and control technologies and systems, completed the acquisition of Meggitt PLC for a substantial amount of $8.3 billion (£6.3 billion). Through this strategic acquisition, Parker-Hannifin aims to diversify and expand its product portfolio, aiming to offer a more comprehensive range of solutions for aircraft and aero-engine components and systems. Meggitt PLC, a leading aerospace company headquartered in the UK, focuses on the development and production of thermal management systems among other aviation-related technologies.


Major companies operating in the air management system market report are Raytheon Technologies Corporation, United Technologies Corp., The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Air Liquide S.A., GE Aviation, Safran SA, Eaton Corporation, Rolls Royce PLC, Parker Hannifin Corporation, Liebherr-International AG, Air Products Membrane Solutions, SMC Corporation, Bombardier Inc., Rockwell Collins, Diehl Aviation, Emerson Electric Co., Shimadzu Corporation, Bell Helicopter Inc., Zodiac Aerospace, HEICO, Meggit PLC, Kelvion, Barnes Aerospace, Dukes Aerospace Inc., Aeronamic Aircraft Subsystems, Elmelin, Airborne ECS.

North America was the largest region in the air management system market in 2023. The regions covered in the air management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The key categories of air management systems encompass thermal management systems, engine bleeds air systems, oxygen systems, fuel tank inerting systems, cabin pressure control systems, and ice protection systems. Thermal management systems (TMS) encompass a range of technologies and methodologies aimed at controlling temperature and managing heat transfer within a system or device. These systems are utilized across various aircraft platforms, including fixed-wing and rotary-wing aircraft, catering to different types such as narrow-body and wide-body aircraft.

The air management systems market research report is one of a series of new reports that provides air management systems market statistics, including air management systems industry global market size, regional shares, competitors with an air management systems market share, detailed air management systems market segments, market trends and opportunities, and any further data you may need to thrive in the air management systems industry. This air management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air management system market includes revenues earned by entities by providing system design and engineering, installation and commissioning, preventive maintenance, troubleshooting, and performance optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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