HOME Research Insight Agreements and Acquisitions was the key Strategy Adopted by the Market players to Achieve growth in the Aerospace Filters Market

Agreements and Acquisitions was the key Strategy Adopted by the Market players to Achieve growth in the Aerospace Filters Market

The aerospace filters market report covers all types of aerospace filters used in aircraft components, including fuel filters, oil filters, and air filters, among others. The aerospace filters market is projected to grow from an estimated USD 6.73 Billion in 2016 to USD 10.11 Billion by 2022, at a CAGR of 7% during the forecast period. The rapid growth in air passenger traffic and flight hours of aircraft has led to shorter replacement period of aerospace filters in order to run the aircraft at its optimum efficiency.

Key filter manufacturers in the aerospace filters market are, Parker Hannifin Corporation (U.S.), Pall Corporation, Donaldson, Inc. (U.S.), CLARCOR, Inc. (U.S.), and Freudenberg & Co. KG (Germany). These companies account for a major share of the aerospace filters market and have their manufacturing facilities in regions, such as North America, Europe, and the Asia-Pacific. These companies adopted strategies, such as contracts, new product developments, agreements, acquisitions, and partnerships, among others from April 2009 to October 2016, to increase their market shares.

For instance, in October 2016, Pall Corporation (U.S.) signed an agreement with EasyJet Airline Company Limited (U.K) to retrofit the EasyJet airline fleet with its latest PUREair Advanced Cabin Air Filters. These newly developed filters are expected to be used to remove microbial contaminants from aircraft cabin air.

Donaldson, Inc. (U.S.) signed a contract with Airbus Helicopter, a subsidiary of the Airbus Group (France) in March 2016 to provide its latest inlet barrier filters for the new airbus H160 medium twin engine helicopters. These filters are expected to reduce the maintenance cost of components by protecting these from dust, dirt, and foreign objects.

On September 2016, Clarcor Inc. (U.S.) signed a ten year agreement with General Electric Inc. (U.S.) for the supply of filtration systems. It also includes the joint design and development of next generation air inlet filtration systems for the H-class platform.

Related Reports:

Aerospace Filters Market by Type (Liquid Filters and Air Filters), Application (Hydraulic System, Engine, Avionics and Cabin), End Use (Military, Commercial and Business), Aircraft Type, Platform, Consumption and Region - Global Forecast to 2022

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