Aircraft Valves Market to offer a healthy CAGR of 5.8% during 2020-25
February 18, 2020
Aircraft Valves Market Overview:
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.
Large aircraft fleet size, especially of commercial aircraft (21,860 commercial aircraft active in 2017) coupled with short standby cycles due to extended aircraft flight hours is underpinning the demand for valves from maintenance, repair, and overhaul (MRO) activities. The surge in demand for fuel-efficient aircraft from airlines is contributing towards greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.
Report Overview:
This new report from Stratview Research analyses the Aircraft Valves Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Valves Market Segment Insights:
Commercial aircraft: The growth engine
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.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/432/aircraft-valves-market.html
Dominance of: Hydraulic system and Poppet valve
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.
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.
A highly/moderately/fragment consolidated Market
The top 5 players, Honeywell International Inc. (the leader), Parker Hannifin Corporation, Eaton Corporation Plc, Woodward, Inc., Zodiac Aerospace, together account for two-thirds of the market.
Other important firms are United Technologies Corporation, Meggitt PLC, Circor International, Inc., and Crane Aerospace & Electronics. Execution of M&A activities,
Regional Hegemony of North America & the dominance of OE-sales
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.
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.
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