Aircraft De-Icing Market Prognosticated To Accrue With A Whooping CAGR by 2023

Posted by Nita on December 2nd, 2020

Global Aircraft De-Icing Market – Overview

The global aircraft de-icing market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of aircraft de-icing will grow at a rapid pace over the forecast period.

The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).  

The high demand for aircraft de-icing is due to the growing demand of Type I and Type IV de-icing fluids, and increasing preference of de-icing trucks. A aircraft de-icing is the process of removing snow, ice or frost from a surface. The modernisation and expansion of existing airports have fuels the growth of the global aircraft de-icing market. Development of environment friendly de-icing fluids to gain higher popularity during the forecast period. Focus towards high-quality products & the technological innovation, enhance the growth of the aircraft de-icing market. However, the high investment, and regulatory issues acts as a barrier for the growth of aircraft de-icing market.

The aircraft de-icing market is completely dependent on the airline operator’s investment. Thus, the increasing or decreasing demand on the expenditure of military directly has an impact on the market. The increasing need for passenger comfort and lesser flight delays during snow due to which there has been a rise in the use of aircraft de-icing market. Another factor responsible for the increase in aircraft de-icing market is the technology advancements of aircraft de-icing. This is the primary factor that drives the growth of the aircraft de-icing market and has gained prevalence in the recent times, rapidly investment in airline industry. Thus, the growth of the aircraft de-icing market is expected to go hand in hand with the growth in number of aircrafts.

The increase in research and development expenditure are being done to optimize the usage of aircraft de-icing and anti-icing fluids, due to which there will be growth in aircraft de-icing market. The safe take-off and landing operations during wintry weather conditions, which will drive the aircraft de-icing market. The aircraft industry as a whole is a capital intensive industry. Development of upgraded aircraft technology requires constant research & development support thus resulting in extensive capital investment at a constant rate. In the current scenario, manufacturers are pushing for emerging technologies at affordable rates in order to acquire a greater market share than their competitors.  Such cut throat competition in the airline industry requires massive investments at a regular basis, thus the high capital investment in the aircraft de-icing market is expected to act as a hurdle in the growth of the market.

Industry/ Innovation/ Related News:

April, 2018 – Menzies signed an agreement with Airline Services Limited to acquire the de-icing business and operations.

May, 2016 – Textron Inc. signed an agreement with Premier Engineering & Manufacturing Inc. to acquire the assets and business of de-icers for the aviation industry.

November, 2015 – Clariant signed an agreement with UK based firm, Kilfrost, to acquire the Europe aircraft de-icing business.

June, 2 015 – Global Ground Support LLC signed a contract with American Airlines to deliver de-icing vehicle es with latest glycol fluid reduction technology.

May, 2014 - Global Ground Support LLC signed a contract  with US Air Force to deliver standard and extended-reach de-icing vehicles.

Global Aircraft De-Icing Market – Segmentation

The global aircraft de-icing market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Equipment            : Comprises De-icing Trucks, Sweepers, Others

Segmentation by Fluid Type            : Comprises Type I, Type II, Type III, and Type IV

Segmentation by Application           : Comprises Commercial and Military

Segmentation by Regions                 : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Aircraft De-Icing Market: Regional Analysis

North America market is dominating the market of aircraft de-icing market due to growing need for safe take-off and landing operations of the airplane. The market in the North America is largely driven by growing aircraft fleet size and rising passenger traffic.

Asia-Pacific is referred to as the second-largest aircraft de-icing market due to factors such as growing air passenger traffic in developing nations such as China, India, South Korea and Japan, have fuelled the demand for global aircraft de-icing.

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