Aircraft Pumps Market Soars to $6.4 Billion by 2029 Amid Rising Defense Budgets and Air Travel Recovery
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Do The Aircraft Pumps Market Numbers And Growth Forecast Look Like?
The aircraft pumps market has witnessed significant growth in recent years. Its size progressed from $4.06 billion in 2024 to $4.48 billion in 2025, recording a compound annual growth rate (CAGR) of 10.3%. Factors such as commercial aviation growth, military aircraft modernization, aging aircraft fleets, tight aircraft safety regulations, and emerging markets contributed to this historical growth.
The market is anticipated to maintain this upward trend, with an estimated worth of $6.4 billion by 2029 at a CAGR of 9.4%. This forecast period growth owes to factors like the development of electric aircraft, air travel recovery, increased defense budgets, trade and geopolitical factors, and rising tourism activities. Trends such as lightweight materials and design, sustainable and green technologies, digitalization and Internet of Things (IoT) integration, increased reliability and redundancy, and pump health monitoring are expected to shape the industry’s future.
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How Is Air Passenger Traffic Driving The Aircraft Pumps Market Growth?
An increase in air passenger traffic is propelling the aircraft pumps market. As GDP, disposable income, and living standards rise, air travel – both business and leisure have also seen an upswing. The prolonged lockdown during the COVID-19 outbreak further fueled this trend. Consequently, the demand for aircraft has surged as aircraft pumps are integral parts of an aircraft that aid the flow of fluids and gases for optimal operation. The International Civil Aviation Organization (ICAO) reported a 65% increase in the number of air passengers and a 30% uptick in aircraft flight departures from January to April 2022 compared to the same period in 2021. Hence, the rise in air passengers and travel propels the aircraft pump market growth.
What Are The Key Segments In The Aircraft Pumps Market?
The aircraft pumps market is segmented by:
1) Type: Hydraulic Pumps, Fuel Pumps, Lube And Scavenge Pumps, Water And Wastewater Pumps, Air conditioning And Cooling Pumps
2) Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
4) 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) End User: OEM, Aftermarket
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Who Are The Major Players In The Aircraft Pumps Market?
Major companies influencing the aircraft pumps market include Eaton Corporation plc, Parker Hannifin Corporation, Woodward Inc., Honeywell International Inc., Crissair Inc., Triumph Group Inc., Moog Inc., Arkwin Industries Inc., Beaver Aerospace & Defense Inc., Liebherr Group, GKN Aerospace, Raytheon Technologies Corporation, Safran S.A., Meggitt PLC, Crane Co., Zodiac Aerospace, AeroControlex Group, Pall Corporation, Donaldson Inc., CLARCOR Inc., Freudenberg & Co. KG, UTC Aerospace Systems, ITT Aerospace Controls, Circor Aerospace & Defense, Aeromax Industries Inc., Aerofit Inc., Collins Aerospace, Aeromaoz Ltd.
What Are The Emerging Trends In The Aircraft Pumps Market?
Partnerships and collaborations feature prominently in the aircraft pumps market trends. Companies are entering contracts with aircraft pump manufacturers to extend their market reach and leverage each other’s resources. For instance, in August 2023, Parker Aerospace, a US-based flight control systems, hydraulic pump, and fuel company, announced a five-year contract with the U.S army to overhaul and upgrade hydraulic pumps and flight control systems for helicopters.
Which Region Is Leading In The Aircraft Pumps Market Growth?
North America dominated the aircraft pumps market in 2024. However, Asia-Pacific is predicted to be the fastest-growing region. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The 2025 Aircraft Pumps Market Report Offer?
An aircraft pump refers to devices used to transfer substances between containers within an aircraft. They facilitate the movement of water, air, or gas via displacement, ensuring the seamless functioning of aircraft. The Aircraft Pumps Market research report from The Business Research Company provides insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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