Aerospace Industry Today
Aircraft Valves Market is likely to witness an impressive CAGR of 5.6% during the forecast period.
This report, from Stratview Research, studies the aircraft valves market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024.
Published 12 April 2019
Launching announcement of a new research report on Aircraft Valves Market which is projected to grow at 5.6% CAGR by 2024- forecasted by Stratview Research. The study provides an in-depth analysis by System Type (Fuel System, Hydraulic System, Air Conditioning System, Ice & Rain Protection System, Pneumatic System, Water & Waste System, and Lubrication System), by Mechanism Type (Poppet Valves, Pilot Valves, Flapper-Nozzle Valves, Ball & Plug Valves, Baffle Valves, and Others), by Material Type (Corrosion-Resistant Steel, Titanium, Aluminum, and Others), by Aircraft Type (Commercial Aircraft, Generation Aviation, and Military Aircraft), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
Click here to read the detailed description and TOC
The Aircraft Valves Market: Highlights
The aircraft valves market is likely to witness an impressive CAGR of 5.6% during the forecast period. The unprecedented growth in aircraft orders from the airlines owing to surging air passenger traffic is the prime factor driving the aircraft valves market. Boeing anticipated that there would be the 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 2018-2037. An expected 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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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 are proliferating the demand for valves from the maintenance, repair, and overhaul (MRO) activities. The surge in the demand for fuel-efficient aircraft from airlines is leading to a greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.
Based on the valve type, the market is segmented as fuel system valves, hydraulic system valves, air conditioning 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 increasing aircraft fleet size.
Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft at the end of 2017. Both OEMs are increasing production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients in a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the
fuel-efficient aircraft. This trend is imprinting a positive impact on the demand for all types of valves including hydraulic system valves.
Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft includes narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation includes business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is likely to remain the growth engine of the market over the next five years. The aircraft segment is also likely to witness the highest growth during the same period.
Based on the mechanism type, the market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valve is likely to be the growth engine of the market over the next five years, driven by its usages in managing, controlling, and discharging fluids across the 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 the commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in passenger air traffic, which leads to extended flight hours leading to short replacement cycles. Valves need to be replaced more frequently in the aircraft due to low lifespan usually 3 to 5 years, depending upon applications, valve types, material, etc.
In terms of regions, North America is expected to remain the largest market for aircraft valves during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. 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.
Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft valves in these countries in the coming years. The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for valves in the aircraft industry in the region.
Some of the major aircraft valve manufacturers 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., and Crane Aerospace & Electronics. Execution of M&A activities, aircraft OEMs push to develop valves indigenously, regional expansion, and formation of long-term contracts are some of the major trends shaping the competitive landscapes of the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
Click here to read the detailed description and TOC
The Aircraft Valves Market: Highlights
The aircraft valves market is likely to witness an impressive CAGR of 5.6% during the forecast period. The unprecedented growth in aircraft orders from the airlines owing to surging air passenger traffic is the prime factor driving the aircraft valves market. Boeing anticipated that there would be the 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 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for valves in the commercial aircraft industry.
Get your copy of free sample pages-click here
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 are proliferating the demand for valves from the maintenance, repair, and overhaul (MRO) activities. The surge in the demand for fuel-efficient aircraft from airlines is leading to a greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.
Based on the valve type, the market is segmented as fuel system valves, hydraulic system valves, air conditioning 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 increasing aircraft fleet size.
Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft at the end of 2017. Both OEMs are increasing production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients in a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the
fuel-efficient aircraft. This trend is imprinting a positive impact on the demand for all types of valves including hydraulic system valves.
Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft includes narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation includes business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is likely to remain the growth engine of the market over the next five years. The aircraft segment is also likely to witness the highest growth during the same period.
Based on the mechanism type, the market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valve is likely to be the growth engine of the market over the next five years, driven by its usages in managing, controlling, and discharging fluids across the 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 the commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in passenger air traffic, which leads to extended flight hours leading to short replacement cycles. Valves need to be replaced more frequently in the aircraft due to low lifespan usually 3 to 5 years, depending upon applications, valve types, material, etc.
In terms of regions, North America is expected to remain the largest market for aircraft valves during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. 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.
Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft valves in these countries in the coming years. The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for valves in the aircraft industry in the region.
Some of the major aircraft valve manufacturers 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., and Crane Aerospace & Electronics. Execution of M&A activities, aircraft OEMs push to develop valves indigenously, regional expansion, and formation of long-term contracts are some of the major trends shaping the competitive landscapes of the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
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