The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ice Protection Systems Market.
It was estimated prior to this unanticipated outbreak that the Ice Protection Systems Market was likely to witness an impressive CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Growth in air traffic, new airline business models in emerging economies, and new airport projects in developed economies are the prime factors expected to drive the global ice protection systems market during the forecast period. The market is characterized by incessant technological progressions through new product developments. These advances are guided by increased applications in which different anti-icing equipment and de-icing fluids are used.
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Ice Protection Systems Market Segment Insights:
By Application Type:
The windshields segment is expected to witness the highest growth during the forecast period. The likelihood of ice build-up on windshields is usually the highest as compared to the other parts of the aircraft, which increases the weight of the aircraft and obstructs the front view of the pilot, thus, resulting into aerodynamic stall and loss of control of the aircraft. This is the major factor boosting the demand for ice protection systems for windshields during the forecast period.
By Technology Type:
The electrical segment is expected to be the fastest-growing segment in the coming five years, as thermal pneumatic or pneumatic boots and electro impulse are extensively employed for aircraft anti-icing and deicing.
By Platform Type:
The commercial jets segment is estimated to witness the highest growth during the forecast period, driven by the active number of fleets worldwide and rise in global air traffic. The installation of ice protection systems in any type of aircraft does not pledge safety of flight in icing cold conditions lest the aircraft has gone through rigorous testing and is certificated to fly in such weather-beaten conditions. The FAA certified systems and the non-hazard systems are the two types of deicing systems installed in the commercial jets, which safeguard the aircraft from accidents caused by ice formation. Utilization of these systems is expected to boost the demand for ice protection systems.
By Region:
Ice Protection Systems Market in Europe is estimated to register the highest growth during the forecast period. The market is driven by the fact that European countries have been increasing their commercial fleet size owing to a surge in air travel and passenger traffic and defense expenditure to underpin their battle operational capacity. This is expected to consequently contribute to an increased demand for ice protection systems in the region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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