HOME Top Market Reports Aerospace Valves Market by Valves (Fuel, Hydraulic, Air Conditioning, Pneumatic), Material (Steel, Aluminum, Titanium), Mechanism (Poppet, Pilot, Flapper-Nozzle, Ball and Plug, Baffle), End User (OEM, Aftermarket), Aviation - Global Forecast to 2023

Aerospace Valves Market by Valves (Fuel, Hydraulic, Air Conditioning, Pneumatic), Material (Steel, Aluminum, Titanium), Mechanism (Poppet, Pilot, Flapper-Nozzle, Ball and Plug, Baffle), End User (OEM, Aftermarket), Aviation - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: AS 6228

 

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[155 Pages Report] The aerospace valves market was valued at USD 3.56 Billion in 2017 and is projected to reach USD 4.84 Billion by 2023, at a CAGR of 5.44% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the study:

The report analyzes the aerospace valves market on the basis of valves (aerospace fuel system valves, aerospace hydraulic system valves, aerospace air conditioning system valves, aerospace ice & rain protection system valves, pneumatic system valves, water and waste system valves and aerospace lubrication system valves), material (corrosion resistant steel, aluminum, titanium, others), mechanism (poppet valves, pilot valves, flapper nozzle valves, ball and plug valves, baffle valves, and others), aviation (commercial aviation, military aviation, business  and general aviation), end user (OEM and aftermarket), and maps these segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).

The report provides in-depth market intelligence regarding the aerospace valves market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution.  The report also covers competitive developments, such as long-term contracts, new product launches and developments, and research & development activities in the aerospace valves market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the aerospace valves market has been arrived at through extensive secondary research sources such as Airbus and Boeing Aircraft Market Outlook, Federal Aviation Administration (FAA), and International Air Transport Association (IATA), annual reports and publications, among others, and in corroboration with primaries. Further market triangulation has been done with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets and presented in this report.

The breakdown of profiles of primary participants is depicted in the figure given below:

Aerospace Valves Market

To know about the assumptions considered for the study, download the pdf brochure

The aerospace valves market ecosystem comprises valves manufacturers such as Parker Hannifin Corporation (US), Pall Corporation, Donaldson, Inc. (US), CLARCOR, Inc. (US), and Freudenberg & Co. KG (Germany), among others. The major customers of aerospace valves are airlines, military, and MRO service providers.

Key Target Audience

  •  Aerospace Valves Manufacturers
  • Airlines and Aircraft Manufacturers
  • MRO Service Providers and Pump Distributors
  • Component Suppliers

Scope of the Report

This research report categorizes the aerospace valves market into the following segments and subsegments:

  • Aerospace Valves Market, By Valves
    • Aerospace Fuel System Valves
    • Aerospace Hydraulic System Valves
    • Aerospace Air Conditioning System Valves
    • Aerospace Ice & Rain Protection Valves
    • Aerospace Pneumatic System Valves
    • Aerospace Lubrication systems Valves
    • Aerospace Water and Waste System Pumps
  • Aerospace Valves Market, By Mechanism
    • Poppet Valves
    • Pilot Valves
    • Flapper-nozzle Valves
    • Ball and Plug Valves
    • Others
  • Aerospace Valves Market, By Material
    • Corrosion Resistant Steel
    • Aluminum
    • Titanium
    • Others
  • Aerospace Valves Market, By Aviation
    • Commercial Aviation
    • Military Aviation
    • Business and General Aviation
  • Aerospace Valves Market, By End User
    • OEM
    • Aftermarket
  • Aerospace Valves Market, By Region
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Customizations available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Aerospace Valves Market, 2018-2023
    4.2 Aerospace Valves Market, By End User
    4.3 Aerospace Valves Market, By Material
    4.4 Aerospace Valves Market, By Mechanism
    4.5 Aerospace Valves Market, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Aircraft Deliveries
                    5.2.1.2 Shorter Replacement Cycles of Aerospace Valves
           5.2.2 Restraints
                    5.2.2.1 Increasing Electrification of Aircraft Systems
           5.2.3 Opportunities
                    5.2.3.1 Introduction of Lightweight Valves
           5.2.4 Challenges
                    5.2.4.1 Improving Operational Efficiency of Aerospace Valves

6 Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Technology Trends
           6.2.1 Piezoelectric Actuators for Servo Valves
           6.2.2 3D-Printed Aerospace Valves
           6.2.3 Smart Valves (All-Electric Actuation Systems)
    6.3 Top Mro Service Providers

7 Aerospace Valves Market, By Valves (Page No. - 41)
    7.1 Introduction
    7.2 Aerospace Fuel System Valves
           7.2.1 Suction Valves
           7.2.2 APU LP Valves
           7.2.3 Inlet Valves
           7.2.4 Cross Feed Valves
           7.2.5 Engine LP Valves
           7.2.6 Others
    7.3 Aerospace Hydraulic System Valves
           7.3.1 Drain Valves
           7.3.2 Shutoff Valves
           7.3.3 Isolation Valves
           7.3.4 Priority Valves
           7.3.5 Others
    7.4 Aerospace Air Conditioning System Valves
           7.4.1 Pack Flow Control Valves
           7.4.2 Oxygen System Shutoff Valves
           7.4.3 Isolation Valves
           7.4.4 Hot Air Pressure Regulating Valves
           7.4.5 Trim Air Valves
    7.5 Aerospace Ice and Rain Protection System Valves
           7.5.1 Anti-Ice Valves
           7.5.2 Others
    7.6 Aerospace Pneumatic System Valves
           7.6.1 Cross Bleed Valves
           7.6.2 APU Bleed Valves
           7.6.3 Engine Bleed Valves
           7.6.4 Others
    7.7 Aerospace Water and Waste System Valves
           7.7.1 Manual Shutoff Valves
           7.7.2 Drain Valves
    7.8 Aerospace Lubrication System Valves
           7.8.1 Pressure Regulating Valves
           7.8.2 Bypass Valves

8 Aerospace Valves Market, By Mechanism (Page No. - 53)
    8.1 Introduction
    8.2 Aerospace Poppet Valves
    8.3 Aerospace Pilot Operated Valves
    8.4 Aerospace Flapper-Nozzle Valves
    8.5 Aerospace Ball and Plug Valves
    8.6 Aerospace Baffle Valves
    8.7 Others

9 Aerospace Valves Market, By Material (Page No. - 56)
    9.1 Introduction
    9.2 Corrosion Resistant Steel
    9.3 Titanium
    9.4 Aluminum
    9.5 Others

10 Aerospace Valves Market, By Aviation (Page No. - 59)
     10.1 Introduction
     10.2 Commercial Aviation
             10.2.1 Narrow Body Aircraft
             10.2.2 Wide Body Aircraft
             10.2.3 Very Large Aircraft
             10.2.4 Regional Transport Aircraft
     10.3 Business and General Aviation
             10.3.1 Business Jets
             10.3.2 Business Helicopters
     10.4 Military Aviation
             10.4.1 Fighter Jets & Transport Aerospace
             10.4.2 Military Helicopters

11 Aerospace Valves Market, By End User (Page No. - 65)
     11.1 Introduction
     11.2 Original Equipment Manufacturer (OEM)
     11.3 Aftermarket

12 Regional Analysis (Page No. - 68)
     12.1 Introduction
     12.2 North America
             12.2.1 US
             12.2.2 Canada
     12.3 Europe
             12.3.1 France
             12.3.2 Germany
             12.3.3 UK
             12.3.4 Italy
             12.3.5 Rest of Europe
     12.4 Asia Pacific
             12.4.1 Russia
             12.4.2 Japan
             12.4.3 China
             12.4.4 India
             12.4.5 Rest of Asia Pacific
     12.5 Rest of the World
             12.5.1 Middle East
             12.5.2 Latin America
             12.5.3 Africa

13 Competitive Landscape (Page No. - 108)
     13.1 Introduction
     13.2 Market Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 Contracts
             13.3.2 New Product Developments
             13.3.3 Agreements

14 Company Profiles (Page No. - 112)
(Overview, Products and Services, Financials, Strategy & Development)*
     14.1 Introduction
     14.2 Honeywell
     14.3 Parker Hannifin
     14.4 Eaton
     14.5 Woodward
     14.6 Zodiac Aerospace
     14.7 Triumph Group
     14.8 Crissair
     14.9 ITT Aerospace Controls
     14.10 AeroControlex
     14.11 Liebherr
     14.12 United Technologies
     14.13 Moog
     14.14 Meggitt
     14.15 Circor International
     14.16 Porvair
     14.17 Crane Aerospace
     14.18 Sitec Aerospace
     14.19 Valcor Engineering
     14.20 Ram Company
     14.21 Marotta Controls
     14.22 Precision Fluid Controls
     14.23 Lakshmi Technology and Engineering Industries Limited
     14.24 Nutek Aerospace Corporation
     14.25 Dynex/Rivett

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

15 Appendix (Page No. - 147)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (96 Tables)

Table 1 Top Aerospace Mro Service Companies
Table 2 Aerospace Valves Market, By System, 2016-2023 (USD Million)
Table 3 Aerospace Valves Market, By Aerospace Fuel System Valves 2016-2023 (USD Million)
Table 4 Aerospace Valves Market, By Aerospace Hydraulic System Valves 2016-2023 (USD Million)
Table 5 Aerospace Valves Market, By Aerospace Air Conditioning System Valves 2016-2023 (USD Million)
Table 6 Aerospace Valves Market By Aerospace Ice and Rain Protection System Valves Market, 2016-2023 (USD Million)
Table 7 Aerospace Valves Market, By Material, 2016-2023 (USD Million)
Table 8 Aerospace Valves Market Size, By Aviation, 2016-2023 (USD Million)
Table 9 Aerospace Valves Market Size, By Commercial Aviation, 2016-2023 (USD Million)
Table 10 Aerospace Valves Market Size, By Business and General Aviation, 2016-2023 (USD Million)
Table 11 Aerospace Valves Market Size, By Military Aviation, 2016-2023 (USD Million)
Table 12 Aerospace Valves Market, By End User, 2016-2023 (USD Million)
Table 13 Aerospace Valves Market Size, By Region, 2016-2023 (USD Million)
Table 14 North America Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 15 North America Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 16 North America Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 17 North America Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 18 North America: Aerospace Valves Market Size, By Country, 2016-2023 (USD Million)
Table 19 US Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 20 US Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 21 US Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 22 US Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 23 Canada Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 24 Canada Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 25 Canada Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 26 Canada Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 27 Europe Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 28 Europe Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 29 Europe Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 30 Europe Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 31 Europe Aerospace Valves Size, By Country, 2016-2023 (USD Million)
Table 32 France Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 33 France Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 34 France Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 35 France Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 36 Germany Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 37 Germany Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 38 Germany Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 39 Germany Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 40 UK Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 41 UK Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 42 UK Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 43 UK Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 44 Italy Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 45 Italy Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 46 Italy Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 47 Italy Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 48 Rest of Europe Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 49 Rest of Europe Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 50 Rest of Europe Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 51 Rest of Europe Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 52 Asia Pacific Aerospace Valves Market Size, By Valves, 2016-2023 (USD Million)
Table 53 Asia Pacific Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 54 Asia Pacific Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 55 Asia Pacific Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 56 Asia Pacific Aerospace Valves Size, By Country, 2016-2023 (USD Million)
Table 57 Russia Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 58 Russia Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 59 Russia Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 60 Russia Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 61 Japan Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 62 Japan Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 63 Japan Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 64 Japan Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 65 China Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 66 China Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 67 China Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 68 China Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 69 India Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 70 India Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 71 India Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 72 India Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 73 Rest of Asia Pacific Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 74 Rest of Asia Pacific Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 75 Rest of Asia Pacific Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 76 Rest of Asia Pacific Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 77 Rest of the World Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 78 Rest of the World Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 79 Rest of the World Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 80 Rest of the World Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 81 Rest of the World Aerospace Valves Size, By Region, 2016-2023 (USD Million)
Table 82 Middle East Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 83 Middle East Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 84 Middle East Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 85 Middle East Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 86 Latin America Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 87 Latin America Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 88 Latin America Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 89 Latin America Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 90 Africa Aerospace Valves Market Size, By System, 2016-2023 (USD Million)
Table 91 Africa Aerospace Valves Market Size, By Mechanism, 2016-2023 (USD Million)
Table 92 Africa Aerospace Valves Market Size, By Material, 2016-2023 (USD Million)
Table 93 Africa Aerospace Valves Market Size, By End User, 2016-2023 (USD Million)
Table 94 Contracts, December 2013- February 2018
Table 95 New Product Developments, July 2014
Table 96 September 2017–December 2017
 
 
List of Figures (54 Figures)
 
Figure 1 Aerospace Valves Market: Research Flow
Figure 2 Aerospace Valves Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Aerospace Hydraulic System Valves Segment Projected to Lead the Aerospace Valves Market During Forecast Period
Figure 8 Aerospace Ball and Plug Valves Segment Projected to Grow at Highest CAGR During Forecast Period
Figure 9 Aftermarket Segment Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 10 Based on Material
Figure 11 Asia Pacific Aerospace Valves Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Technological Trends Towards the Development of Lightweight Valves are Expected to Lead to the Growth of the Aerospace Valves Market
Figure 13 Aftermarket Segment Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 14 Corrosion Resistant Steel Segment is Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 15 Aerospace Poppet Valves Segment is Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 16 North America Estimated to Account for the Largest Share in the Aerospace Valves Market in 2018
Figure 17 Aerospace Valves Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Market Demand for Aircraft, By Region
Figure 19 Expected Growth in Air Passenger Traffic, By Region From 2015 to 2035
Figure 20 Aerospace Hydraulic System Valves Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Aerospace Fuel System Valves
Figure 22 Aerospace Hydraulic System Valves
Figure 23 Aerospace Air Conditioning System Valves
Figure 24 Aerospace Ice and Rain Protection System Valves
Figure 25 Aerospace Pneumatic System Valves
Figure 26 Aerospace water and Waste System Valves
Figure 27 Aerospace Lubrication System Valves
Figure 28 Aerospace Ball and Plug Valves Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 29 Corrosion Resistant Steel Segment Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 30 Aerospace Valves Market Size, By Aviation, 2018 & 2023 (USD Million)
Figure 31 Aftermarket Segment Projected to Lead the Aerospace Valves Market During the Forecast Period
Figure 32 North America Estimated to Account for the Largest Share of the Aerospace Valves Market in 2018
Figure 33 North America Snapshot: the US Expected to Account for the Highest Growth Potential During the Forecast Period
Figure 34 Aerospace Valves Market Europe Snapshot
Figure 35 Asia Pacific Aerospace Valves Market Snapshot
Figure 36 Companies Adopted Contracts as A Key Growth Strategy From December 2013 to February 2018
Figure 37 Market Ranking Analysis, By Top Three Key Players, 2017
Figure 38 Honeywell : Company Snapshot
Figure 39 Honeywell : SWOT Analysis
Figure 40 Parker Hannifin: Company Snapshot
Figure 41 Parker Hannifin Corporation: SWOT Analysis
Figure 42 Eaton : Company Snapshot
Figure 43 Eaton: SWOT Analysis
Figure 44 Woodward: Company Snapshot
Figure 45 Zodiac Aerospace: Company Snapshot
Figure 46 Zodiac Aerospace: SWOT Analysis
Figure 47 Triumph Group: Company Snapshot
Figure 48 Triumph Group: SWOT Analysis
Figure 49 Liebherr: Company Snapshot
Figure 50 United Technologies: Company Snapshot
Figure 51 Moog: Company Snapshot
Figure 52 Meggitt: Company Snapshot
Figure 53 Circor International: Company Snapshot
Figure 54 Porvair : Company Snapshot 

The aerospace valves market is projected to grow from an estimated USD 3.71 Billion in 2018 to USD 4.84 Billion by 2023, at a CAGR of 5.44% during the forecast period. This growth can be attributed to the increasing aircraft orders as a result of the rise in air passenger traffic across the globe. The growth in passenger traffic is resulting in increased flight hours of aircraft, which is leading to short replacement cycles, a key factor driving the demand for aerospace valves from the Maintenance, Repair and Overhaul (MRO) companies. Airliners are opting for lightweight valves, which would reduce aircraft weight and improve fuel efficiency.

Based on valves, the aerospace valves market has been segmented into aerospace fuel system valves, aerospace hydraulic system valves, aerospace air conditioning system valves, aerospace ice & rain protection system valves, pneumatic system valves, water and waste system valves, and aerospace lubrication system valves. Valves help in pressurizing various fluids such as fuel, hydraulic oils, lubricating oils and water, and transferring these fluids to different aircraft components that help in the better performance of an aircraft.

Based on mechanism, the aerospace valves market has been segmented into poppet valves, pilot valves, flapper-nozzle valves, ball and plug valves, baffle valves, and others. The ball and plug valves segment is expected to grow at the highest CAGR during the forecast period. Air conditioning & cooling valves are used in environment control management systems in an aircraft.

Based on end user, the aerospace valves market has been segmented into OEM and aftermarket. The aftermarket segment is expected to grow at the highest CAGR during the forecast period. According to the International Air Transport Association (IATA) report, Revenue Passenger Kilometers (RPKs) increased by 6.5% in 2015 as compared to 2014.  This rise in air traffic has led to an increase in demand for aerospace valves in the commercial segment, majorly in the Asia Pacific region.

Aerospace Valves Market

The geographical analysis of the aerospace valves market includes regions such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). The North America region accounted for the largest share of the aerospace valves market in 2016. Several countries such as Brazil, Argentina, Saudi Arabia, and the UAE, among others, are increasing their military and commercial aircraft fleets. However, the Asia Pacific aerospace valves market is projected to grow at the highest CAGR during the forecast period due to the increase in passenger traffic and military aircraft in countries such as India, China, and Russia, among other countries, from the region

The existing backlogs of aircraft deliveries act as a restraint in the growth of the aerospace valves market. The limited manufacturing capacity of major aircraft manufacturing companies has resulted in a large backlog of aircraft deliveries.

Products offered by various companies in the aerospace valves market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2009 and 2016. Major companies profiled in the report include Parker Hannifin Corporation (US), Eaton (Ireland), Honeywell (US), Zodiac Aerospace (France), Woodward (US), and AeroControlex (US), among others. Agreements and acquisitions accounted for a major share of the total growth strategies adopted by the leading players in the aerospace valves market. These strategies have enabled companies to strengthen their position in the aerospace valves market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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