21 March 2016
According to MarketsandMarkets’ report, the commercial aircraft oxygen system market is projected to reach USD 4.47 billion by 2020, at an annual growth rate of 6.33% from 2015 to 2020. The growth of the market will be driven by increase in passenger traffic and wider availability of smaller hardware components. Russia’s Technodinamika is among the world's leading manufacturers of such components along with B/E Aerospace (U.S.), Zodiac Aerospace S.A. (France) and Cobham plc (U.K.).
“The appraisal of our position in the oxygen systems market suggests that we are on the right track towards our goal: to become one of the Top 5 global manufacturers of aircraft components,” said Technodinamika CEO Maxim Kuzyuk. “At the same time, we hope to increase our share in the oxygen system market, develop new competences in this field and offer merchantable products at an even more attractive price.”