Aircraft Ignition System Market Size, Share, Growth Analysis, By Type(Electronic Ignition System, Magneto Ignition System), By Component(Exciters, Igniters, Ignition Leads, Spark Plugs), By Engine Type(Reciprocating Engine, Turbine Engine), By Platform(Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicle), By End-User(Aftermarket, Original Equipment Manufacturer (OEM)), By Region - Industry Forecast 2024-2031

Aircraft Ignition System Market size was valued at USD 375.02 million in 2019 and is poised to grow from USD 391.42 million in 2023 to USD 564.14 million by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

The market is extremely competitive, with participants striving for the biggest share. The businesses in this sector supply original equipment manufacturers (OEMs) and system integrators. Among the most common market methods used are long-term agreements for the delivery of parts and precisely designing these systems to meet client requirements. One of the most important factors taken into account by their customers is receiving compliance certification from various regulatory authorities to guarantee the quality of the product. In a highly competitive market climate, vendors must offer cutting-edge systems to aircraft OEMs if they want to survive. Due to a surge in product/service extensions and technological advancements, the competitive situation in the market is expected to intensify even further. 'Woodward Inc. (US)', 'Unison, LLC (US)', 'Champion Aerospace LLC', 'Meggitt PLC', 'Sky Dynamics Corporation', 'G3I srl', 'Aero Accessories, Inc.', 'Electroair', 'Tempest Plus Marketing Group, Inc.', 'Kelly Aerospace, Inc.', 'Transdigm Group Inc.', 'Denso Corporation', 'SureFly Partners Ltd.', 'Slick Magneto', 'Aerospace Components Inc.', 'Continental Motors Group', 'Hartzell Engine Technologies', 'Beilite Aerospace', 'Brisk USA Spark Plugs', 'Aviation Co.'

One of the key reasons propelling the growth of the aircraft ignition system market is the rise in the usage of electronic ignition systems throughout the aircraft industry. The increase in commercial aircraft movement brought on by increased air traffic and the resulting rise in demand for purchasing and leasing more aircrafts speed up market expansion. The market is also influenced by the expanding technological developments in aircraft ignition systems and the growing need for these systems in UAVs. Additionally, the market for aircraft ignition systems is positively impacted by rising aircraft safety requirements, widespread use of electronic ignition systems, growth in commercial aircraft, a rise in consumer disposable income, and an increase in investments.

Increasing need for controlling expanding air traffic to drive aircraft ignition system market. The demand for new aircraft has increased along with the number of commercial flights, which has boosted the market for aircraft ignition systems worldwide. The increase in the number of air travel across the globe is one of the obvious factors driving the growth of the aeroplane start framework market. Additionally, the growing adoption of cutting-edge innovations in aeroplane start frameworks is promoting market growth on a scale. The primary trend driving the market for airplane start frameworks is the replacement of traditional magneto start frameworks with electronic start frameworks. Over the past few decades, the conventional magneto starts frameworks have gained a larger share of the market. The requirements for airplane motors are, however, rapidly evolving due to advancements in aviation technology. The increased popularity of the next generation hardware start frameworks is due to their smaller size, improved eco-friendliness, increased reliability, and lower support costs. Hence, this is likely to influence the market growth.

North America, Europe, Asia Pacific, and the rest of the world are the regions that make up the aviation ignition system market. In 2021, North America recorded a sizable market share. North America is predicted to maintain its dominance during the forecast period due to the presence of several important OEMs, such as Transdigm Group, Inc., Electroair electronic ignition system (EIS), Woodward Inc., and others. Moreover, the market expansion in North America is being driven by the quick uptake of novel, highly fuel-efficient technology-based systems. During the forecast period, Asia Pacific is anticipated to expand at a substantial growth rate due to the region's growing need for commercial aircraft as a result of the region's rapidly growing air traffic in countries like China, India, and South Korea. During the years forecasted years, the rest of the world's economy would expand slowly due to fewer commercial aircraft deliveries as a result of COVID-19's expansion.