Aerospace Valves Market Expected to Reach US ~$14.97 Billion and CAGR 4.0% by 2028
The global aerospace valves market size is expected to reach USD 14.97 billion by 2028 according to a new study by Polaris Market Research.
The rise in pressure and temperature regulation demand in the aircraft industry is one of the key factors fueling the demand for efficient valves in the market. Besides, the increasing maintenance cost of airlines has created a surge in demand for reliable, high-performance valves having desired strength and longer lifespan. Stringent emission standards in the industry imposed by regulatory bodies such as ICAO (International Civil Aviation Organization) have led to a rise in demand for lightweight valves, ultimately contributing to reducing carbon emissions.
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Among applications, hydraulic systems remain the most dominant segment in the global market driven by increasing demand for motion control systems and actuators, operating the need for controlling the flow of speed and directions. Additionally, modern aircraft platforms make optimum usage of hydraulics across different systems in order to facilitate the conservation of energy and ensure transmission of displacement from one point to another.
There have been a series of mergers & acquisitions performed in the industry with some of the leading companies getting indulged in such strategic moves. For instance, in May 2021, Triumph Group, one of the leading US-based aerostructure companies announced the acquisition of its plant by Arlington Capital Partners and its name has been officially changed to Qarbon Aerospace.
Market Participants such as ITT Aerospace Controls, Moog, Circor International, Inc., Crane Aerospace & Electronics, PARKER HANNIFIN CORP, Eaton Honeywell, AeroControlex, Liebherr, Meggitt, Porvair, Precision Fluid Controls, Inc., Safran SA, Sitec Aerospace GmbH, Triumph Group., United Technologies Corporation, Woodward, Inc., and some of the key players competing in the global industry.
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Polaris Market Research has segmented the aerospace valves market report on the basis of aircraft, application, product, material, and region:
Aerospace Valve, Aircraft Outlook (Revenue, USD Billion, 2016 – 2028)
- Narrow-body Aircraft
- Wide-body Aircraft
- Regional Aircraft
- General Aviation
- Military Aircraft
Aerospace Valves, Application Outlook (Revenue, USD Billion, 2016 – 2028)
- Fuel systems
- Pneumatic Systems
- Hydraulic Systems
- Air-Conditioning systems
- Ice & Rain Protection Systems
- Lubrication Systems
Aerospace Valves, Product Outlook (Revenue, USD Billion, 2016 – 2028)
- Ball & Plug
- Pressure Control
Aerospace Valves, Material Outlook (Revenue, USD Billion, 2016 – 2028)
- Stainless Steel
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