Market Overview:
The global aircraft starters market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,023.5 Mn by 2030, registering a CAGR of 5.4% from 2018 to 2030. The market growth can be attributed to the increasing demand for aircraft starters from the commercial and military sectors across the globe. Based on type, the global aircraft starters market has been segmented into OEMs and aftermarket segments. The OEMs segment is expected to account for a larger share of the global aircraft starters market in terms of value during the forecast period owing to increasing demand for new commercial and military aircraft across regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA). However, with rising demand for replacement parts due aging fleets globally coupled with technological advancements in starter systems that have led to longer service life cycles of starter systems;the aftermarket segment is projected register a higher CAGR than that of OEMs over the forecast period . Based on application type , propeller Aircraft accounted for majority share in 2017 followed by Jet Aircraft Rotorcraft Others) segments .
Product Definition:
Aircraft starters are an important part of the aircraft. They are used to start the engines on the aircraft.
OEMs:
OEMs are the original equipment manufacturers. They are responsible for designing and manufacturing the product which is to be installed in an end-use industry. OEMs provide products at a lower cost as they have economies of scale, high volume production facilities, and large customer base with them. The growth factor of OEMs in aircraft Starters market is that it provides reliability, quality assurance along with after-sale services which increases its importance over other competitors in this sector.
Aftermarket:
Aftermarket is the parts and accessories market that follows the product life cycle after its production. The industry term Aftermarket as well as OEM (Original Equipment Manufacturers) are used interchangeably in this industry. In an aircraft, it means all non-aircraft related equipment or parts which are purchased by an individual to repair/service a particular machine/product.
Application Insights:
Propeller aircraft application dominated the overall market in terms of revenue share in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing demand for propeller-driven aircraft from low-cost carriers. Furthermore, technological advancements and an increase in production are expected to drive the demand further.
The jet aircraft segment is also anticipated to witness significant growth over the forecast period owing to a rise in air traffic and expansion of existing airlines mainly due to low fares offered by them. In addition, favorable government policies regarding reduction of airport charges are likely fuel product demand further over the coming years. Increasing use as fire engines by local governments across developed countries such as U.S.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for rotorcraft and aircraft starters from the U.S., which accounted for more than 80% of total regional revenue in 2017. Moreover, presence of OEMs such as General Electric, Pratt & Whitney Canada, Rolls-Royce Canada that are involved in developing high-efficiency engines is projected to fuel product demand further over the next eight years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rapid expansion of commercial aviation sector especially at budget levels with low fares across emerging economies such as India and China thereby driving overall industry dynamics positively.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers travelling for both business and leisure purposes. This is expected to drive the demand for aircraft starters in the coming years.
- Rising investments in the aviation sector: Airlines are investing heavily in new aircraft and related infrastructure, which is expected to spur growth in the aircraft starters market over the next few years.
- Technological advancements: Aircraft starter manufacturers are focusing on developing innovative technologies that can improve performance and reduce costs. This is likely to boost demand for these products in the coming years.
- Growing popularity of electric starters: Electric starters are becoming increasingly popular due to their low weight and high efficiency levels compared with traditional gas-powered starters. This is likely to fuel growth in this segment of the market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Starters Market Research Report
By Type
OEMs, Aftermarket
By Application
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
By Companies
Piper Aircraft, Cessna Aircraft, Sky-Tec Starters, Miscellaneous Filters, Lycoming, Champion Aerospace, Camguard Oil Additive, Aircraft Spruce
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Starters Market Report Segments:
The global Aircraft Starters market is segmented on the basis of:
Types
OEMs, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Piper Aircraft
- Cessna Aircraft
- Sky-Tec Starters
- Miscellaneous Filters
- Lycoming
- Champion Aerospace
- Camguard Oil Additive
- Aircraft Spruce
Highlights of The Aircraft Starters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEMs
- Aftermarket
- By Application:
- Propeller Aircraft
- Jet Aircraft
- Rotorcraft
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Starters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft starters are devices that help start aircraft engines. They come in a variety of shapes and sizes, and can be attached to the engine or propeller shaft.
Some of the major companies in the aircraft starters market are Piper Aircraft, Cessna Aircraft, Sky-Tec Starters, Miscellaneous Filters, Lycoming, Champion Aerospace, Camguard Oil Additive, Aircraft Spruce.
The aircraft starters market is expected to grow at a compound annual growth rate of 5.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Starters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Aircraft Starters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aircraft Starters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Aircraft Starters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Aircraft Starters Market Size & Forecast, 2018-2028 4.5.1 Aircraft Starters Market Size and Y-o-Y Growth 4.5.2 Aircraft Starters Market Absolute $ Opportunity
Chapter 5 Global Aircraft Starters Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aircraft Starters Market Size Forecast by Type
5.2.1 OEMs
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Starters Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aircraft Starters Market Size Forecast by Applications
6.2.1 Propeller Aircraft
6.2.2 Jet Aircraft
6.2.3 Rotorcraft
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Starters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Starters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aircraft Starters Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Starters Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aircraft Starters Market Size Forecast by Type
9.6.1 OEMs
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aircraft Starters Market Size Forecast by Applications
9.10.1 Propeller Aircraft
9.10.2 Jet Aircraft
9.10.3 Rotorcraft
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aircraft Starters Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Starters Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aircraft Starters Market Size Forecast by Type
10.6.1 OEMs
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aircraft Starters Market Size Forecast by Applications
10.10.1 Propeller Aircraft
10.10.2 Jet Aircraft
10.10.3 Rotorcraft
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aircraft Starters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Starters Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aircraft Starters Market Size Forecast by Type
11.6.1 OEMs
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aircraft Starters Market Size Forecast by Applications
11.10.1 Propeller Aircraft
11.10.2 Jet Aircraft
11.10.3 Rotorcraft
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aircraft Starters Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Starters Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aircraft Starters Market Size Forecast by Type
12.6.1 OEMs
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aircraft Starters Market Size Forecast by Applications
12.10.1 Propeller Aircraft
12.10.2 Jet Aircraft
12.10.3 Rotorcraft
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aircraft Starters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Starters Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aircraft Starters Market Size Forecast by Type
13.6.1 OEMs
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aircraft Starters Market Size Forecast by Applications
13.10.1 Propeller Aircraft
13.10.2 Jet Aircraft
13.10.3 Rotorcraft
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Starters Market: Competitive Dashboard
14.2 Global Aircraft Starters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Piper Aircraft
14.3.2 Cessna Aircraft
14.3.3 Sky-Tec Starters
14.3.4 Miscellaneous Filters
14.3.5 Lycoming
14.3.6 Champion Aerospace
14.3.7 Camguard Oil Additive
14.3.8 Aircraft Spruce