HOME Research Insight New Product Launches were the key Growth Strategies Adopted by Market players to Grow in the Aircraft Hydraulic System Market

New Product Launches were the key Growth Strategies Adopted by Market players to Grow in the Aircraft Hydraulic System Market

Hydraulic system is one of the vital systems in aircraft design. The demand for aircraft hydraulic system is expected to be driven the advantages, such as high reliability, high power to weight ratio, low cooling cost, and wide range of load handling capacity that the system provides. In the coming years, aircraft hydraulic system market is expected to witness major developments in the form of electro-hydraulic components and hydraulic fluids. Electro-hydraulic actuators, as well as lightweight and more efficient hydraulic fluids are expected to be developed for aircraft hydraulic system. The aircraft hydraulic system market is projected to reach USD 1,158.5 Million by 2021, at a CAGR of 4.36% from 2016 to 2021.

Key manufacturers providing aircraft hydraulic systems include United Technologies Corporation (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation Plc (Ireland), Liebherr-International AG (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.).

Contract, acquisitions, and new product launches were the key growth strategies adopted by market players to grow in the aircraft hydraulic system market. The core competencies of these leading market players include increasing their geographical presence and developing advanced components and lightweight fluids.

Parker Hannifin Corporation (U.S.) provides precision-engineered solutions for a wide spectrum of applications, which include aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding. In January 2015, Parker Aerospace, a subsidiary of Parker Hannifin Corporation entered into a contract with AVIC Aircraft (China) to provide flight control actuation and hydraulic system for its regional aircraft.  

Safran S.A. (France) designs, manufactures, and sells aircraft, defense, and communication equipment and technologies. The company mainly focuses on acquisitions to strengthen its position in the aircraft hydraulic system market. In July 2014, the company acquired 50% stake of Sabena Technics (France) to gain 100% stake in the 50/50 joint venture company of Safran Landing Systems (formerly known as Messier-Bugatti-Dowty) and Sabena Technics named, Hydrep (France). Hydrep performs repairs and overhaul of hydraulic components, landing gear, and wheels and brakes for civil aircraft as well as helicopters.

Related Reports:

Aircraft Hydraulic System Market by Type (Open-Center, Closed-Center), Component (Reservoir, Filters, Pumps, Accumulators, Actuators, Hydraulic Fluid), Platform (Fixed, Rotary) and Region - Global Forecast to 2021

MarketsandMarkets™ Research Pvt. Ltd.
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013.
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports