Category : Automotive, Transportation and Logistics | Published at : July-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for aerospace valves is expected to grow at a CAGR of around 5.6% from 2020 to 2027 and expected to reach the market value of around US$ 5,876.6 Mn by 2027.
Aerospace valves are devices or objects that are used to directs regulates, or controls the flow of fluid either by opening, closing, or partially or fully obstructing passageways.
Market Dynamics
The increasing aircraft deliveries along with the rapidly increasing passenger traffic across the globe are driving the market growth. The shorter replacement cycles of aerospace valves and increasing demand for lightweight valves are accelerating the market value. The rising environmental awareness and focus towards the wastage reduction in manufacturing processes are additionally supporting the market growth. Furthermore, the introduction of lightweight valves and ongoing research and development activities for the introduction of more advanced products for future needs are projected to create potential opportunities over the forecast timeframe from 2020 to 2027.
On the other side, the increasing electrification of aircraft systems is the major factor projected to hamper the market growth.
Commercial is the fastest growth segment by end-use
On the basis of end-use, the commercial segment is anticipated to exhibit major CAGR (%) over the forecast timeframe from 2020 to 2027. The increasing number of global as well as local passengers in the aerospace industry is primarily supporting the market value. The increasing demand for commercial aircraft in developed and emerging economies are propelling market growth. The increasing disposable income and changing lifestyle are additionally supporting the market value.
OEMs accounted for the major share in 2019
By sales channel, original equipment manufacturers (OEMs) segment registered maximum market share (%) in terms of value in 2019. The increasing demand for advanced planes, coupled with the rising production of newer aircraft with better equipment like efficient valves are supporting the segmental market growth. The growing demand for economical and energy-efficient aircraft is further bolstering the segmental market value.
The market research study on “Aerospace Valves Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global aerospace valves market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global aerospace valves market, its valve type, sales channel, material, end-use, system application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global aerospace valves market size and volume, and segment markets by valve type, sales channel, material, end-use, system application and geography along with the information on companies operating in the market. The aerospace valves market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
North America registered maximum share in aerospace valves market
In 2019, North America accounted for the maximum share (%) owing to the contribution from its major economies including the US and Canada. The huge number of air travelers along with the presence of advance and effective aerospace facilities are supporting the regional market value. The presence of major players in the regional market is additionally supporting the regional market value. Moreover, Asia Pacific is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027. The rapidly growing economies including China and India are expected to contribute to the major growth of the region in the forecast period.
The players profiled in the report include Aerocontrolex, Circor International, Crane Aerospace, Crissair, Dynex/Rivett, Eaton, Honeywell, Itt Aerospace Controls, Lakshmi Technology And Engineering Industries Limi, Liebherr, Marotta Controls, Meggitt, Moog, Nutek Aerospace Corporation, Parker Hannifin, Porvair, Precision Fluid Controls, Ram Company, Sitec Aerospace, Triumph Group, United Technologies, Valcor Engineering, Woodward, and Zodiac Aerospace.
Market Segmentation
Market By Valve Type
Check Valves
Ball Valves
Solenoid Valves
Butterfly Valves
Pressure Valves
Shut-off Valves
Relief Valves
Bleed Valves
Others
Market By Sales Channel
OEMs
Aftermarket
Market By Material
Steel
Aluminum
Titanium
Others
Market By End-Use
Military
Commercial
Market By System Application
Hydraulic Systems
Fuel Systems
Pneumatic Systems
Air-conditioning Systems
Others
Market By Geography
North America
- U.S.
- Canada
Europe
- UK.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
Aerospace valves are devices or objects that are used to directs regulates, or controls the flow of fluid either by opening, closing, or partially or fully obstructing passageways.
The increasing electrification of aircraft systems is the major factor of this market.
The aerospace valve market value is anticipated to be worth around US$ 5,876.6 Mn in 2027.
The aerospace valve market is anticipated to grow around 5.6% CAGR amid the forecast period 2020-2027.
Asia Pacific is projected to exhibit the fastest growth over the forecast time frame from 2020 to 2027.
The key players operating in aerospace valve market such as Aerocontrolex, Circor International, Crane Aerospace, Crissair, Dynex/Rivett, Eaton, Honeywell, Itt Aerospace Controls, Lakshmi Technology And Engineering Industries Limi, Liebherr, Marotta Controls, Meggitt, Moog, Nutek Aerospace Corporation, Parker Hannifin, Porvair, Precision Fluid Controls, Ram Company, Sitec Aerospace, Triumph Group, United Technologies, Valcor Engineering, Woodward, and Zodiac Aerospace.
Types of aerospace valve such as Check Valves, Ball Valves, Solenoid Valves, Butterfly Valves, Pressure Valves, Shut-off Valves, Relief Valves, Bleed Valves, and Others.
