RAM Air Turbine Market Size
Global RAM Air Turbine Market reached US$ 2.3 billion in 2022 and is expected to reach US$ 4.2 billion by 2030, growing with a CAGR of 7.9% during the forecast period 2024-2031.
The RAT market had been witnessing a steady increase in demand due to the growing aviation industry, increasing aircraft deliveries, and a focus on enhancing aircraft safety. The market size is expected to grow further as aircraft manufacturers incorporated RATs in their designs to meet regulatory requirements and ensure the safety of critical systems during emergencies.
China has emerged as a major player in the global aircraft manufacturing industry. Companies like Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China (COMAC) have been actively developing and manufacturing aircraft models, both for domestic and international markets. As RATs are a critical safety feature, the growth of aircraft manufacturing in China has directly increased the demand for RATs. Therefore, China accounts for majority of the regional shares.
Market Summary
| Metrics | Details |
| CAGR | 7.9% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2023-2030 |
| Data Availability | Value (US$) |
| Segments Covered | Product, Application and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Product Launches, Growth Strategies, Revenue Analysis, Porterās Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increased Aircraft Production
Increased aircraft production is a significant driver of the global RAM Air Turbine (RAT) market. The rising demand for commercial, military, and general aviation aircraft leads to a higher requirement for RATs as critical safety components. Manufacturers in the industry have been actively responding to this increased demand and driving the growth of the RAT market.
For instance, Honeywell, a leading manufacturer of RAT systems, has been expanding its product portfolio to cater to the growing demand. In recent years, the company has developed RATs for various aircraft models, including commercial airliners and military aircraft. Honeywell's RAT systems are designed to provide reliable emergency power generation during critical situations. Their continued focus on product innovation and expansion demonstrates their response to increased aircraft production. Therefore, the developments in the RAT market by manufacturers are dynamic and subject to continuous change.
Emergency Power Backup Requirements
The need for reliable emergency power generation in critical situations has led to the development and increased adoption of RAT systems. Regulatory bodies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) have stringent safety regulations in place for aircraft. These regulations often mandate the installation of RATs as backup power sources to ensure the availability of power in emergency situations. Compliance with these regulations drives the demand for RAT systems, leading to market growth.
Aircraft operators, manufacturers, and regulatory bodies place significant emphasis on safety in the aviation industry. Emergency power backup is crucial for maintaining the safe operation of aircraft systems during power failures or emergencies. The focus on safety has led to a greater recognition of the importance of RAT systems, driving their adoption and contributing to market growth.
Regulatory Complexity
Regulatory complexity can make it challenging for RAT manufacturers and operators to navigate the requirements and ensure compliance. Different regions and jurisdictions may have varying regulations and standards for RAT systems, leading to a fragmented regulatory landscape. Manufacturers and operators must invest time and resources in understanding and adhering to these regulations, which can cause delays and increase costs.
Obtaining the necessary certifications and approvals for RAT systems can be a complex and time-consuming process. Regulatory bodies often have specific requirements for the design, performance, and safety aspects of RATs. Manufacturers need to go through rigorous testing, documentation, and verification processes to demonstrate compliance. The lengthy certification process can delay market entry and hinder the growth of the RAT market.
Market Segment Analysis
The global RAM air turbine market is segmented based on product, application and region.
Owing to Reliable Backup Power, Hydraulic RAT Contributes to the Market Growth
Hydraulic RATs dominate the global RAM air turbine (RAT) market primarily due to their proven reliability, robust power generation, and widespread adoption by aircraft manufacturers and operators. The Airbus A320 family, one of the most popular commercial aircraft worldwide, extensively utilizes hydraulic RATs. These RATs provide backup power generation in the event of an engine failure or other power loss scenarios. Their reliability and performance have been crucial in ensuring the safety and functionality of these aircraft. Therefore, hydraulic RAT product segment drives the growth of the global market and is accounting for majority of market shares in 2022.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
Technological Advancements and Strong Aviation Industry Driving North American Market Growth
North America has been a dominant player in the global RAM (RAT) air turbine market. This can be attributed to several factors, including technological advancements, a strong aviation industry, and market demand. North America is home to several major aircraft manufacturers, such as Boeing and Bombardier (now part of Airbus), as well as numerous suppliers and service providers.
The region has a well-established aviation infrastructure, including extensive airline networks and a large fleet of commercial and military aircraft. This strong industry presence has created a significant demand for RAT systems, driving the dominance of North America in the market. Therefore, the North America dominates the global RAM air turbine market with significant shares.
Source: DataM Intelligence Analysis (2023)
RAM Air Turbine Companies
The major global players include Honeywell International Inc., Safran Electrical & Power, Collins Aerospace, United Technologies Corporation, Technofan SA, Triumph Group, Inc., Daher, CREARE LLC, Aerocontrolex Group, Inc. and Aviation Industry Corporation of China (AVIC).
COVID Impact
The global RAM Air Turbine (RAT) market, like many other industries, was impacted by the COVID-19 pandemic. The aviation industry experienced significant disruptions due to travel restrictions, lockdown measures, and reduced passenger demand during the pandemic. This led to a decline in aircraft production and deliveries. As RAT systems are typically installed in new aircraft during the manufacturing process, the slowdown in aircraft production had a direct impact on the demand for RAT systems.
Retrofitting existing aircraft with RAT systems is another important market segment for RAT manufacturers. However, during the pandemic, airlines and operators faced financial challenges and focused their resources on immediate operational needs. As a result, retrofitting activities were reduced, impacting the demand for RAT systems in this segment.
Russia- Ukraine War Impact
The conflict between Russia and Ukraine has created geopolitical tensions in the region. Uncertainty and instability in the geopolitical landscape can have a ripple effect on various industries, including the aviation sector. The RAT market may experience a cautious approach from industry stakeholders, leading to delays in decision-making and investments.
The Russia-Ukraine war involves military actions and defense-related concerns. Governments in the region may redirect their defense spending toward immediate military requirements, reducing the allocation of resources to other areas, such as aircraft upgrades or RAT system installations. This shift in defense spending priorities can affect the demand for RAT systems in military aircraft.
Key Developments
- On February 17, 2023, In line with the objectives of the government's "Aatmanirbhar Bharat" campaign, Rangsons Aerospace, India's top manufacturer of aerospace product technology, and HENSOLDT-The Sensor Solution House, based in Germany, have signed a Memorandum of Understanding to work together to explore new business opportunities, support innovative technological developments, and advance technological expertise in the field.
- On September 8, 2022, at its Electric Power Systems plant in Rockford, Illinois, Collins Aerospace introduced a wind tunnel worth US$ 18 million for testing Ram Air Turbines.
- On June 10, 2019, The merger of Raytheon Company (RTN) and United Technologies Corp. (UTX) has been announced. The combined company will be worth around $121 billion and expect to generate roughly $74 billion in sales in 2019.
Why Purchase the Report?
- To visualize the global RAM air turbine market segmentation based on product, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of RAM air turbine market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global RAM air turbine market report would provide approximately 53 tables, 47 figures and 181 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
