Aircraft Valves Market Pegged for Robust Expansion by 2025
March 25, 2022
Mar 25, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Valves Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Valves Market is likely to witness an impressive CAGR of 5.8% during the forecast period. The unprecedented growth in aircraft orders from airlines, driven by surging air passenger traffic is the prime factor bolstering the global aircraft valves market. Boeing estimated, there would be total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for valves in the commercial aircraft industry.
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Aircraft valves are multi-purpose devices, forming a part of the engine of an aircraft as well as other operating systems. They are usually employed to govern the flow of fluids in and out of the engine’s cylinder. Valves primarily manage the mechanism of opening and closing of predefined paths.
Aircraft valves generally come under two categories, viz, inlet and outlet valves. An inlet valve permits the fluid to enter the cylinder, whereas an outlet valve lets the fluid or gases to discharge away from the chamber. For the efficient working of an aircraft, there has to be a proper synchronization between the inlet and outlet valves.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Segments' Analysis
Based on the valve type, the market is segmented as fuel system valves, air conditioning valves, hydraulic system valves, ice & rain protection system valves, pneumatic system valves, water & waste system valves, and lubrication system valves. Hydraulic system valves are estimated to lead the market in the coming five years, owing to increasing commercial aircraft deliveries and rising aircraft fleet size.
On the basis of aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft comprises narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation houses business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is estimated to remain the growth engine of the market over the next five years and is also likely to register the highest growth during the same period.
Based on the mechanism type, the aircraft valves market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valves segment is likely to lead the market over the next five years, driven by its usage in managing, controlling, and discharging fluids across various systems used in an aircraft coupled with its low lifespan.
Based on the end-user type, the market has been segmented as OE and aftermarket. The OE-sales segment is likely to remain the larger segment of the market over the next five years, driven by a continuous increase in the deliveries of commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in air passenger traffic, which amounts to extended flight hours, leading to short replacement cycles. Valves require frequent replacements in an aircraft due to low lifespan, usually 3 to 5 years, depending upon applications, valve types, material, etc.
In terms of regions, North America is estimated to remain the largest market for aircraft valves in the coming five years. The market is driven by the regional presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. North America is the manufacturing capital of the aircraft industry. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements, then these technologies are gradually transmitted to other parts of the world like China and India.
Key Players:
Key players operating in the global Aircraft Valves market are-
- Honeywell International Inc.
- Parker Hannifin Corporation
- Eaton Corporation Plc
- Woodward, Inc.
- Zodiac Aerospace
- Triumph Group, Inc.
- Crissair, Inc.
- ITT Aerospace Controls
- The Liebherr Group
- United Technologies Corporation
- Meggitt PLC
- Circor International, Inc.
- Crane Aerospace & Electronics.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aircraft Valves analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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