According to the research report titled ‘Global Ice Protection Systems Market Size study, by Type (Anti-Icing System, Deicing Systems) by Application (Engine Inlets, Nacelle, Wings, Tail, Propellers, Windshields, Sensors, Air Data Probes) By Technology (Electrical, Chemical, Others) by Platform (Commercial Jets, Military Jets, Helicopters) and Regional Forecasts 2020-2027’, available with Market Study Report, global ice protection systems market was worth USD 8.74 billion in 2019 and is projected to record a y-o-y growth rate of 5.45% over 2020-2027.
 

As per the report findings, global ice protection systems market is majorly driven by technological innovations and increasing manufacturing of aircrafts due to rising air passenger base worldwide. In fact, Fly Emirates in 2019 allocated USD 16 billion towards a new fleet of Airbus A380s. In the following year, it ordered 40 new A330neo and 30 new A350-900 aircrafts amounting to USD 21.4 billion.   
 

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Besides, growing necessity to maintain operational efficiency under bad climate conditions, focus towards improved passenger comfort, along with establishment of new airports and expansion of existing ones are other rationales contributing to the growth of global ice protection systems market. However, high costs and maintenance requirements of these systems may negatively impact the business outlook.
 

For the uninitiated, ice protection systems are designed to negate atmospheric ice from piling up on aircraft surfaces, particularly on leading edges such as engine intakes, propellers, environmental control intakes, and rotor blades wings. If ice accumulates to a considerable thickness, it can alter the shape of flight control surfaces and airfoils which leads to decreased performance & control of the aircraft, hence ice protection systems are essential in all aircrafts.
 

Considering the geographical landscape, global ice protection systems market is fragmented into North America, Asia Pacific, Europe, Latina America, and Rest of the World. North America is currently the leading contributor of the industry in terms of revenue share, primarily due to high inclination towards air travel across the region.
 

Meanwhile, Asia Pacific ice protection systems market is set to expand at a rapid pace in the forthcoming years owing to factors such as shifting consumer preference for air travel facilitated by rising disposable income and usage of low cost airlines.
 

Key players operating in global ice protection systems market are CAV Ice Protection Ltd., Honeywell International Inc., Zodiac Aerospace (Safran), Curtiss-Wright Corp., United Technologies Corp. (Raytheon Technologies Corp.), B/E Aerospace Inc., Clariant AG, JBT Corp., Meggitt plc, and The DOW Chemical Company.