Core Viewpoint - The article discusses the development and market potential of aircraft onboard inert gas generation systems (OBIGGS), highlighting the growth in demand driven by the aviation industry's expansion and safety regulations [6][9]. Industry Overview and Statistics - The global market size for aircraft onboard inert gas generation systems was $55.268 million in 2020, projected to reach $92.551 million by 2024, with a compound annual growth rate (CAGR) of 16.02% from 2020 to 2025 [6]. - By 2031, the market is expected to grow to $238.586 million, with a CAGR of 12.74% from 2025 to 2031 [7]. Market Demand and Trends - Global air passenger traffic is expected to exceed 10 billion by 2025, a 6% increase from 2024 and over 16% from 2019, indicating a strong demand for new aircraft [9]. - Boeing forecasts a need for nearly 44,000 new aircraft from 2024 to 2043, while Airbus predicts a demand for 42,430 aircraft during the same period [9]. - The increasing demand for maintenance, repair, and overhaul (MRO) services due to the aging fleet also presents opportunities for OBIGGS systems [9]. Technology and Market Structure - The OBIGGS market is characterized by high technical barriers and limited production companies, with major players including Eaton, Safran Group, Jianghang Equipment, and Air Liquide [10]. - Eaton is the largest producer, with a revenue of $617.54 million in 2024, accounting for 66.72% of the global market [10]. Product Types and Applications - The market is primarily divided into hollow fiber membrane (HFM) OBIGGS, pressure swing adsorption (PSA) OBIGGS, and other systems, with HFM OBIGGS dominating the market at $877.36 million in 2024, representing 94.80% of the total [13]. - HFM OBIGGS systems are noted for their compact structure, lightweight, and high reliability, making them suitable for onboard applications [13]. Industry Characteristics - The industry is highly technology-intensive, requiring deep expertise in air separation and gas purification technologies [14]. - Market demand is closely tied to military and civil aviation sectors, influenced by the number of military aircraft and the delivery of new commercial aircraft [14]. - High entry barriers exist due to stringent safety certifications and significant capital investment required for research and development [14]. Favorable Factors - The recovery of the global civil aviation market and the increase in new aircraft deliveries are driving demand for OBIGGS systems [15]. - Regulatory support from aviation authorities emphasizes the importance of OBIGGS for fuel tank safety, leading to mandatory upgrades [15]. - Technological advancements in materials and processes enhance system efficiency and reliability, stimulating demand for upgrades [15]. Policy Environment in China - The Chinese government supports the aviation industry through funding for research and development, tax incentives, and the establishment of industry standards [17][19]. - Policies encourage innovation and collaboration, enhancing the competitive landscape for domestic companies in the OBIGGS market [17].