Global Ozone Converter Market (Aircraft Catalytic) Analysis 2017-2025: Industry Share, Scope, Trends, Demand Analysis, & Opportunity Assessment

Global Ozone Converter Market 2017-2025

Market Overview

Ozone converter is the advanced technology to keep the aircraft cabin environment healthy and provide greater comfort to passengers, pilots and flight attendants. Passengers after the journey usually experience jet lag and air sickness is due to exposure to ozone, which enters the aircraft through air conditioner ducts. Growth in global ozone converter market is primarily dependent upon the rising number of aircraft globally. Approximately in 2017, there were 39,000 aircraft (commercial and military aircraft, excluding light aircraft) in service worldwide, which are annually growing at a rate of 3.2%. Moreover, increasing air traffic on account of globalization is inducing the growth in the number of aircraft, is thus opening the growth opportunities for the establishment of ozone converters. Global aircraft manufacturer- Boeing, in 2017 delivered 41,030 aircraft globally with the highest share of Asia-Pacific region, supplying 16,050 aircraft.

Technological advancement in ozone converters is witnessing a trend to detect a fault in the catalytic ozone converter tends to propel the growth of the market. Military aircraft as compared to commercial ones require larger maintenance and thus includes the higher cost of ozone converter. Further, various aircraft parts and components manufacturers, ozone converter being one of them, faces a challenge of delay in delivery of aircraft from the OEMs. The rising pressure on the manufacturers along with maintaining the cost and quality is hindering the performance of the market. Goldstein Research analyst forecast that the global ozone converter market is set to grow at a CAGR of 5.3% over the forecast period (2017-2025).

Global Ozone Converter Market Segmentation

By Aircraft Type

• Military Aircraft
• Commercial Aircraft
  • Narrow-Body Aircraft
  • Wide-Body Aircraft
  • Regional Jet

On the basis of aircraft type, commercial aircraft ozone converter industry accounted for the largest market share of 59.3% in 2017 in the application of ozone converters.

By End-User

• OEM (Original Equipment Manufacturer)
• Aftermarket

By Geography

• North America (U.S. & Canada) Ozone Converter Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America) Ozone Converter Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe) Ozone Converter Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia) Ozone Converter Market {Market Share (%), Market Size (USD Billion)}
• The Middle East & Africa (GCC, South Africa, North Africa, Romea) Ozone Converter Market {Market Share (%), Market Size (USD Billion)}

Based on geography, Asia-Pacific region accounted for the largest market share of 37.2% in 2017 due to the demand for aircraft in the region on account of rising air passenger traffic. North America market share closely follows APAC market on the back of presence of major market players in the region.

Covered In This Global Ozone Converter Market Report

The report covers the present ground scenario and the future growth prospects of the ozone converter market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the global region.

Global Ozone Converter Market Outlook 2017-2025, has been carried out based on an in-depth market analysis from aviation market experts. The report covers the competitive landscape and current position of major players in the global ozone converter market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Ozone Converter Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our Global ozone converter market analysis report comprises of the following companies as the key players: BASF, Honeywell International, MSM aerospace fabricators, RSA Engineered Products, United Technologies, LIMCO Airepair, Inc., Newport Corporation, UTC Aerospace Systems, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the aircraft ozone converter market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Ozone Converter Market Report -

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for Global ozone converter market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects.