Aerospace Valves Market Analysis, Industry Demand And Forecast To 2033

The aerospace valves global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

 

Aerospace Valves Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

 

Market Size –

The aerospace valves market size has grown strongly in recent years. It will grow from $12.16 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the historic period can be attributed to growth in the aerospace industry, increased air travel, stringent safety regulations, expansion of space exploration activities and satellite deployments, increasing demand for fuel-efficient aircraft.

 

The aerospace valves market size is expected to see strong growth in the next few years. It will grow to $16.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.  The growth in the forecast period can be attributed to increasing focus on lightweight and compact valve designs, growth in the unmanned aerial vehicle (uav) and drone, adoption of smart and connected valve technologies for real-time monitoring, expansion of the commercial space industry, growing demand for butterfly valves in various applications, increasing demand for forced induction devices. Major trends in the forecast period include development of environmentally friendly and sustainable valve materials, integration of 3d printing technology, emphasis on predictive maintenance capabilities, collaboration between aerospace companies and valve manufacturers, increasing use of advanced coatings for improved durability and performance.

 

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Scope Of Aerospace Valves Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

 

Market Drivers –

The increasing global commercial aircraft fleet is expected to propel the aerospace valves market. The growing number of air passengers has widely increased the acquisition of commercial aircraft across the globe. The increasing acquisition of new aircraft by aerospace transport companies across the globe is expected to boost demand for aerospace valves, as they are a vital component in the majority of critical infrastructure across the aircraft. For instance, In June 2021, United Airlines, a US-based airline company, planned to order 270 aeroplanes for the post-COVID growth plan. And In May 2021, Airbus, an aerospace company, announced that it would increase the production of its A320 planes. Therefore, the increase in the global commercial aircraft fleet is expected to boost demand for aerospace valves market during the forecast period.

 

Market Trends –

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

 

The aerospace valves market covered in this report is segmented –

1) By Type: Butterfly Valves, Rotary Valves, Solenoid Valves, Flapper-nozzle Valves, Poppet Valves, Gate Valves, Ball Valves, Other Types

2) By Material: Stainless Steel, Titanium, Aluminum, Other Materials

3) By Application: Fuel System, Hydraulic System, Environmental Control System, Pneumatic System, Lubrication System, Water & Wastewater System

4) By End Use: OEM, Aftermarket

 

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Regional Insights –

North America was the largest region in the aerospace valves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace valves market share during the forecast period. The regions covered in the aerospace valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

Key Companies –

Major companies operating in the aerospace valves market report are Safran SA, Parker Hannifin Corporation, Meggitt plc, Crissair Inc., Sitec Aerospace GmbH, Eaton Corporation plc, Woodward Inc., Triumph Group Inc., Moog Inc., Liebherr-Aerospace Lindenberg GmbH, Porvair Plc, Precision Fluid Controls Inc., ITT Inc., Lakshmi Technology and Engineering Industries Ltd., SSP Fittings Corp., The Lee Company, Aero Space Controls Corp., Wisconsin Oven Corp., Honeywell International Inc., Zodiac Aerospace SADIR, CIRCOR International Inc., AeroControlex Group Inc., Senior Aerospace Ltd., AVK Holding A/S, Parker Aerospace Corp., Crane Co., Valcor Engineering Corporation, Mooney Controls Corp., Regent Aerospace Corporation

 

Table of Contents

1. Executive Summary
2. Aerospace Valves Market Characteristics
3. Aerospace Valves Market Trends And Strategies
4. Aerospace Valves Market – Macro Economic Scenario
5. Global Aerospace Valves Market Size and Growth

………..

33. Key Mergers And Acquisitions In The Aerospace Valves Market
34. Aerospace Valves Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Aerospace Valves Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Aerospace Valves Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Aerospace Valves Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Safran SA Financial Performance

Table 76: Parker Hannifin Corporation Financial Performance

Table 77: Meggitt plc Financial Performance

Table 78: Crissair Inc. Financial Performance

Table 79: Sitec Aerospace GmbH Financial Performance

 

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