The Aircraft Hydraulic Systems market size is projected to grow from USD 9.8 Billion in 2022 to USD 16.6 Billion by 2027, at a CAGR of 11.3% from 2022 to 2027. The requirement for lightweight hydraulic systems to meet the demand for new aircraft and increase air traffic is projected to influence commercial aircraft demand worldwide. However, delays in aircraft purchases are expected to hamper industry development throughout the forecast period.
A hydraulic system is a drive or transmission system that powers hydraulic machines with pressurized hydraulic fluid. A reservoir, pump filter, selection valve, relief valve to relieve excess pressure, and an actuator comprise a basic aircraft hydraulic system. Hydraulic fluids are pushed via the system to an actuator or servo. A servo is a cylinder with a piston that converts fluid power into work and generates the power required to operate an aviation system or flight control.
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The aircraft hydraulic system is based on the simple principles of Pascals law and energy conservation. This principle permits force to be transmitted from one place in the system to another. Using this concept, however, aviation hydraulic systems pressurize the fluid to force certain aircraft components to move from one place to another. Furthermore, based on this operating concept, the aircraft hydraulic system assists the pilot in flight. Hydraulic systems in aircraft are used to control landing gear, flaps, and brakes. These systems are used in larger aircraft for flight control, spoiler and thrust reversers. Hydraulic systems can transfer high pressure or force with a small volume of fluid (hydraulic oil). These systems are extremely dependable, and their fluid is nearly incompressible.
Major players operating in the aircraft hydraulic systems market include Raytheon Technologies Corporation (U.S.), Parker-Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International Deutschland GmbH (Switzerland), Woodward, Inc. (U.S.), Triumph Group, Inc. (U.S.), Moog Inc. (U.S.), Arkwin Industries Inc. (U.S.), and Beaver Aerospace & Defense, Inc. (U.S.). Contracts, partnerships, agreements, new product & service launches, mergers, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the aircraft hydraulic systems market.
Raytheon Technologies Corporation
Raytheon Technologies Corporation (US) is among the leading aerospace, intelligence services, and defense companies in the world in terms of revenue and market capitalization. It conducts R&D and manufactures high-tech products like drones, satellites, guided missiles, air defense systems, aircraft engines, aircraft actuators, and aerostructure. It has four subsidiaries: Raytheon Intelligence & Space, Raytheon Missiles & Defense, Pratt & Whitney, and Collins Aerospace. The company provides aircraft actuator products through Collins Aerospace.
Safran SA (France), a French multinational organization, deals with the manufacturing and selling of aerospace & defense equipment and technologies. It has the following four business segments: Propulsion, Aircraft Equipment & Defense, and Aircraft Interiors. The Aircraft Equipment & Defense section includes the systems and equipment for civil and military aircraft, as well as helicopters. It also includes avionics, security systems, onboard computers, fuel systems, nacelles and reversers, and landing gear and brakes. The companys headquarters are in Paris, France, and it was established on August 16, 1924. Safran has operations in 27 countries across the globe.
Eaton Corporation PLC
Eaton Corporation PLC (Ireland) is a global leader in technologies pertaining to power management solutions. It provides energy-efficient solutions that effectively help customers manage electrical, hydraulic, and mechanical power. It has 6 operating segments, namely, Electrical Americas and Electrical Global, hydraulics, aerospace, vehicle, and eMobility. The company manufactures actuators under the aerospace segment. Products offered under the aerospace segment serve several clients, including Airbus and Boeing. Eaton Corporation PLC provides hydraulic power generation and fuel system components to almost every commercial airline for their Airbus and Boeing aircraft fleet.
Parker Hannifin Corporation (US) is a diversified manufacturer of motion and control technologies and systems. The company offers aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding technologies. It offers aircraft hydraulic systems under the aerospace systems business segment.
Liebherr-International Deutschland GmbH
Liebherr-International Deutschland GmbH (Switzerland) is one of the largest manufacturers of construction machinery. It operates through 10 business segments: maritime cranes, mobile cranes, earthmoving, aerospace & transportation systems, domestic appliances, mining, tower cranes, concrete technology, gear technology & automation systems, and others. Through the aerospace & transportation systems segment, it develops, manufactures, and offers services for aircraft hydraulic systems. Liebherr-International Deutschland GmbH comprises over 130 companies (40 production companies), which are present in more than 50 countries on every continent. The company is a leader in the field of aircraft components.
Aircraft Hydraulic Systems Market by Type (Closed-center, Open-center), End user (Line-fit, Retrofit), Platform (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles), Component, Application and Region - Global Forecast to 2027
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