The global Aircraft Pumps Market is projected to grow from $ 40.034 billion to $ 78.948 billion, at a CAGR of 7.3% in terms of revenue during the forecast period.
An important component of an aircraft's hydraulic system is the aircraft pumps. These pumps are renowned for managing the operation of the landing gear, brakes, flight control surface, and flaps. They also give other parts of the aircraft operational capability. To lessen the weight of the aircraft, a wide range of lightweight pumps are employed for hydraulics, lubrication, and air conditioning. The type and complexity of the aircraft determine how these aircraft pumps are used.
They offer many benefits, including low maintenance needs, simple installation, streamlined inspection, lightweight, and power sources for operation. They are particularly efficient because, due to the minimal fluid friction of hydraulic operations, their use results in very little loss. Manufacturers of airplane pumps are working on cutting-edge technologies to replace traditional alternatives to save fuel and provide a better performance, creating sizable Aircraft Pumps Market potential throughout the forecast period.
Market Dynamics:
Drivers:
The global Aircraft Pumps Market is expanding as a result of factors like an increase in air passenger traffic, a short aircraft pump replacement cycle, an expansion of the fleet of aircraft, and a spike in aircraft orders. However, the increasing tendency towards electrification of all non-propulsive systems, system contamination, oil leaks, and the heavy weight of aviation pumps restrain the growth of the global market. However, throughout the forecast period, it is projected that increased UAVS adoption in military applications would present several growth prospects.
Restraints:
The governing authorities like the Federal Aviation Administration (FAA) and European Aviation Safety Agency have severe environmental and safety requirements for aviation pumps (EASA). It can be expensive and time-consuming to comply with these laws. To prevent fires from starting and to limit their spread in an emergency, aircraft pumps must be devised and produced. For these regulations to continue working properly during flight, they must also be built to endure the vibration and shock of flight. It is anticipated that this regularity and regulatory restrictions will impede Aircraft Pumps Market revenue development.
Opportunities:
The market for aviation pumps is divided into technology-based segments including engine-driven, air-driven, ram air turbine-driven, electric motor-driven, and others. Due to the expanding use of electric motor-driven pumps in airplanes, the electric motor-driven segment is anticipated to see a considerably fast rate of revenue growth over the forecast period. Compared to conventional hydraulic pumps, which are often driven by aircraft engines, electric pumps are more effective and emit fewer pollutants. In addition, electric pumps can be operated and monitored more simply, which helps increase the system's reliability and minimize maintenance costs. Also, the use of electric propulsion in aircraft and the advancement of superior electric motor technology are raising demand for electric motor-driven pumps and propelling Aircraft Pumps Market revenue growth.
Key Players:
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Eaton
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Honeywell International Inc.
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Zodiac Aerospace
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Woodward
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AeroControlex
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Pall Corporation
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Parker Hannifin Corporation
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Donaldson Inc.
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CLARCOR Inc.
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Freudenberg
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Crissair
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Secondo Mona
Market Segmentation:
Aircraft Pumps Market, By Type
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Fuel Pumps
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Hydraulic Pumps
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Lubrication Pumps
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Water and Waste System Pumps
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Air-conditioning and Cooling Pumps
Aircraft Pumps Market, By Aircraft Type
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Narrow body aircraft
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Wide body aircraft
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Very large body aircraft
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Others
Aircraft Pumps Market, By Technology Type
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Ram Air Turbine Driven
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Air Driven
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Engine Driven
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Electric Motor Driven
Aircraft Pumps Market, By Region Type
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North America
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Europe
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Asia-Pacific
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LAMEA
Regional Analysis:
Due to improvements in pump technology brought about by considerable research conducted in the region, the North American aviation pumps market is anticipated to dominate the industry over the forecast period. For the next several years, industry development is anticipated to be fueled by rising aircraft orders and businesses' investments in producing products of the highest caliber.
The fastest-growing market share is projected for Asia Pacific throughout the projection period due to the region's expanding population and rising standard of living. Air travel is becoming more popular in the area, which increases demand for aircraft pumps due to the production of more new aircraft and a shorter pump replacement cycle.
Scope of the report:
|
Report Coverage |
Details |
|
Base year |
2021 |
|
Forecast period |
2030 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.3% |
|
YoY growth (%) |
XX% |
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Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
|
Current Market size |
USD 40.034 Billion |
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Forecast market growth |
USD 78.948 Billion |
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
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