According to the new research report published by The Insight Partners, titled “Aircraft Ignition System Market size is expected to reach US$ 596.28 million by 2028; registering at a CAGR of 5.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

The growing aircraft production worldwide is one of the key factors fueling the deployment of aircraft engines. In addition, technological advancements in aircraft ignition systems and the rising adoption of fully authority digital engine control (FADEC) systems are contributing to the aircraft ignition system market growth. Most of the narrow-body and wide-body airplanes—such as the A320 family, A350, B737 family, B777X, and B787 family—use different types of engines that are compatible with FADEC systems. In July 2021, Pratt & Whitney, a Raytheon Technologies business, announced that it received orders for more than 800 units of GTF engines from different aircraft manufacturers. Such a rise in the number of engine orders across the world for the production of new aircraft is further creating an opportunity for the aircraft ignition system industry players. Thus, the rise in engine orders is also fueling the demand for aircraft ignition systems leading to its aircraft ignition system market growth.

The growing production of piston engine aircraft models is driving the demand for magneto aircraft ignition systems across the world. Cirrus SR22-G6 Turbo, Cessna 303, Cessna 310, Cessna 320, and Cessna Skyhawk are among the major piston engine-based aircraft that have been generating a high demand for the Continental series of aircraft piston engines such as O-300 and O-520. These engines are compatible with magneto aircraft ignition systems.

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The major stakeholders in the global aircraft ignition system market ecosystem include component providers, ignition system manufacturers, and end users. The component manufacturers operating in the market offer batteries, distributor caps, rotors, ignition coils, spark plugs, ignition modules, etc. The aircraft ignition system market has many small players engaged in the component business, collectively holding a significant share of the global market. They are also involved in R&D activities for developing new technologies. The end users are the final stakeholders in the value chain of the aircraft ignition systems market. These include engine manufacturers (General Electric, Rolls-Royce, Pratt & Whitney, etc.), OEMs (Airbus, Boeing, Bombardier, etc.), aircraft MROs (AAR Corporation, Aviation Technical Services, Airbus SAS, etc.), and military forces.

The presence of market vendors such as Champion Aerospace Inc, FADEC International LLC, and Meggitt SA that have larger aircraft market share is acting another major factor possessing higher competitive rivalry in the market. Moreover, major vendors are focusing on acquiring emerging players that have a very limited aircraft ignition system market share. This is also leading to market consolidation among the major vendors.

The aircraft ignition system market size is derived by type, component, and engine type segments. In terms of type, the market is bifurcated into electric ignition and magneto ignition. From component point of reference, the market is categorized into ignition leads, igniters, spark plugs, exciters, and others. Based on engine type, the aircraft ignition system market is divided into turboprop, turbofan, turbojet, and piston engine.

Champion Aerospace Inc, FADEC International LLC, Meggitt SA, Kelly Aerospace Inc, and Continental Aerospace Technologies Inc are a few key aircraft ignition system market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the market size and its ecosystem. The market report provides detailed market insights, which helps the aircraft ignition system market players strategize their growth.

The global aircraft ignition system market players include Sonex LLC, Champion Aerospace Inc, Electroair Acquisition Corp, PBS Group AS, Tempest Aero Group LLC, Surefly Partners Ltd, Unison Industries LLC, FADEC International LLC, Kelly Aerospace Inc, and Continental Aerospace Technologies Inc. Strategic initiatives by these companies to expand their geographic presence and product portfolio are contributing to the aircraft ignition system market growth.

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