Aircraft Ignition System Market to Hold Highest Industry Share Via Turbine Engine Segment By 2026

By the end of 2026, the turbine engine segment was expected to capture over 90% of the overall aircraft ignition system market share. The high market penetration of turbine engines is due to the wide application scope of the product.  There are various kinds of turbine engines available in the market that are used for aircrafts types like narrow body and wide body.

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A major factor that has supplemented growth in aircraft ignition system deployment is the wide penetration of major aircraft and component manufacturers like Airbus, GE Aviation, Bombardier, and Boeing. These companies are constantly investing in R&D to improve product offerings as well as support technological competitiveness in developed countries like the U.S. and Canada. In December 2019, the total backlog for Boeing was at 5,625, that was 339 less than the previous year.

There has been a reduction in the size of aircraft ignition system over the years and the increase in the use of a single model to different engine types. An exponential increase in the manufacturing of commercial aircrafts over the years due to a rise in air traffic has positively influenced global aircraft ignition system market size. Reportedly, in the year 2018, the total inflight passengers stood at 4.3 billion which was 6.4% higher as compared to 2017.

In the year 2019, the aircraft ignition system market share from spark plug segment secured a market share of more than USD 38 million. Spark plugs are one of the most important parts of the engine ignition system and a fault may lead to an engine failure.  In 2020, the EIS41000 series introduced by Electroair gained EASA certification. The series will enhance fuel efficiency and reduce cases of faults in the spark plug. The quality certification from EASA ensures an extended life span and improves the operational efficiency of the component. 

In July 2019, American aviation company- Lycoming unveiled an electronic ignition system with an aim to replace the traditional magnetos. The new electronic ignition system had no moving parts and has dimensions similar to the conventional magnetos. Global aircraft ignition system marlet is fairly consolidated with prominent market players like Electroair, Meggitt, Transdigm, Woodward, and Sky Dynamics, among various others.

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Some Point from Table of Contents:

Chapter 6. Aircraft Ignition System Market, By Engine Type

6.1.  Key trends, by engine type

6.2.  Turbine engine

6.2.1. Market estimates and forecast, 2015 - 2026

6.3.  Reciprocating engine

6.3.1. Market estimates and forecast, 2015 - 2026

Chapter 7. Aircraft Ignition System Market, By End-Use

7.1.  Key trends, by end-use

7.2.  Fixed wing

7.2.1. Market estimates and forecast, 2015 - 2026

7.3.  Rotary wing

7.3.1. Market estimates and forecast, 2015 - 2026

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