Aircraft Pumps Global Market 2024 – By Trends, Key Drivers, Top Manufacturers, Opportunities Forecast To 2033 | Eaton Corporation PLC, Parker Hannifin Corporation, Woodward Inc., Honeywell International Inc.

The Aircraft Pumps Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aircraft Pumps Global Market Report 2024, The aircraft pumps market size has grown rapidly in recent years. It will grow from $3.75 billion in 2023 to $4.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%.  The  growth in the historic period can be attributed to growth in commercial aviation, military aircraft modernization, aging aircraft fleet, aircraft safety regulations, emerging markets.

The aircraft pumps market size is expected to see strong growth in the next few years. It will grow to $6.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.  The growth in the forecast period can be attributed to electric aircraft development, air travel recovery, rising defense budgets, trade and geopolitical factors, increasing tourism activities. Major trends in the forecast period include lightweight materials and design, sustainable and green technologies, digitalization and iot integration, increased reliability and redundancy, pump health monitoring.

An increase in air passenger traffic will propel the growth of the aircraft pumps market. The increase in air passengers is due to rising GDP, disposable income, and living standards. Additionally, the prolonged lockdown during the COVID-19 outbreak has led to an upsurge in both business and leisure travel. As air travel increases, there is a rise in demand for aircraft. The aircraft pumps are an integral part of the aircraft that help in the flow of fluids and gases for the proper functioning of the aircraft. According to a report published in May 2022 by International Civil Aviation Organization (ICAO), a UN agency and a global forum for civil aviation, the number of passengers carried by air climbed by 65% from January to April 2022 as compared to January to April 2021, while the number of aircraft flight departures rose by 30%. Hence, an increase in air passengers and air travel will lead to a growth in the aircraft pumps market.

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The aircraft pumps market covered in this report is segmented –
1) By Type: Hydraulic Pumps, Fuel Pumps, Lube And Scavenge Pumps, Water And Wastewater Pumps, Air conditioning And Cooling Pumps
2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
4) By Pressure: Up to 350 Pounds per Square Inch (PSI), Between 350 – 1,500 Pounds per Square Inch (PSI), Between 1,500 – 3,000 Pounds per Square Inch (PSI), Above 3000 Pounds per Square Inch (PSI)
5) By End User: OEM, Aftermarket

Partnerships and collaboration are key trends in the aircraft pumps market. Companies are entering into a partnership with aircraft pumps manufacturer to expand their market and leverage each other’s resources. For instance, in July 2021, McFarlane Aviation, a US-based engineering and manufacturing company specializing in aircraft components, partnered with C J Aviation. Through this partnership, C J Aviation will improve its access to a bigger market and speed up the development and FAA certification of new products for C J’s product line with the assistance of McFarlane’s technical and manufacturing teams. C J Aviation is a US-based manufacturer and distributor of fuel pumps, smoke pumps, and hydraulic pumps.

The aircraft pumps market report table of contents includes:
1. Executive Summary
2. Aircraft Pumps Market Characteristics
3. Aircraft Pumps Market Trends And Strategies
4. Aircraft Pumps Market – Macro Economic Scenario
5. Global Aircraft Pumps Market Size and Growth
…………..
31. Global Aircraft Pumps Market Competitive Benchmarking
32. Global Aircraft Pumps Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aircraft Pumps Market
34. Aircraft Pumps Market Future Outlook and Potential Analysis
35. Appendix

 

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