The aerospace valves refer to the devices that control the flow of gasses and liquids. These are the parts of the aviation system that control critical components of an aircraft for directing, regulating, or controlling the flow of fluid such as gases, fluidized solids, liquids, or slurries by closing, partially obstructing, or opening passageways.
Sizing and Forecast
The aerospace valves market size has grown strongly in recent years. It will grow from $12.16 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in the aerospace industry, increased air travel, stringent safety regulations, expansion of space exploration activities and satellite deployments, increasing demand for fuel-efficient aircraft.
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Segmentation & Regional Insights
The aerospace valves market covered in this report is segmented –
1) By Type: Butterfly Valves, Rotary Valves, Solenoid Valves, Flapper-nozzle Valves, Poppet Valves, Gate Valves, Ball Valves, Other Types
2) By Material: Stainless Steel, Titanium, Aluminum, Other Materials
3) By Application: Fuel System, Hydraulic System, Environmental Control System, Pneumatic System, Lubrication System, Water & Wastewater System
4) By End Use: OEM, Aftermarket
North America was the largest region in the aerospace valves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace valves market share during the forecast period. The regions covered in the aerospace valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing global commercial aircraft fleet is expected to propel the aerospace valves market. The growing number of air passengers has widely increased the acquisition of commercial aircraft across the globe. The increasing acquisition of new aircraft by aerospace transport companies across the globe is expected to boost demand for aerospace valves, as they are a vital component in the majority of critical infrastructure across the aircraft. For instance, In June 2021, United Airlines, a US-based airline company, planned to order 270 aeroplanes for the post-COVID growth plan. And In May 2021, Airbus, an aerospace company, announced that it would increase the production of its A320 planes. Therefore, the increase in the global commercial aircraft fleet is expected to boost demand for aerospace valves market during the forecast period.
Key Industry Players
Major companies operating in the aerospace valves market report are Safran SA, Parker Hannifin Corporation, Meggitt plc, Crissair Inc., Sitec Aerospace GmbH, Eaton Corporation plc, Woodward Inc., Triumph Group Inc., Moog Inc., Liebherr-Aerospace Lindenberg GmbH, Porvair Plc, Precision Fluid Controls Inc., ITT Inc., Lakshmi Technology and Engineering Industries Ltd., SSP Fittings Corp., The Lee Company, Aero Space Controls Corp., Wisconsin Oven Corp., Honeywell International Inc., Zodiac Aerospace SADIR, CIRCOR International Inc., AeroControlex Group Inc., Senior Aerospace Ltd., AVK Holding A/S, Parker Aerospace Corp., Crane Co., Valcor Engineering Corporation, Mooney Controls Corp., Regent Aerospace Corporation
The aerospace valves market report table of contents includes:
1. Executive Summary
2. Aerospace Valves Market Characteristics
3. Aerospace Valves Market Trends And Strategies
4. Aerospace Valves Market – Macro Economic Scenario
5. Global Aerospace Valves Market Size and Growth
…………
31. Global Aerospace Valves Market Competitive Benchmarking
32. Global Aerospace Valves Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aerospace Valves Market
34. Aerospace Valves Market Future Outlook and Potential Analysis
35. Appendix
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