Market Size –
The aircraft pumps market size has grown rapidly in recent years. It will grow from $3.75 billion in 2023 to $4.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to growth in commercial aviation, military aircraft modernization, aging aircraft fleet, aircraft safety regulations, emerging markets.
The aircraft pumps market size is expected to see strong growth in the next few years. It will grow to $6.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to electric aircraft development, air travel recovery, rising defense budgets, trade and geopolitical factors, increasing tourism activities. Major trends in the forecast period include lightweight materials and design, sustainable and green technologies, digitalization and iot integration, increased reliability and redundancy, pump health monitoring.
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Scope Of Aircraft Pumps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Pumps Market Overview
Market Drivers –
An increase in air passenger traffic will propel the growth of the aircraft pumps market. The increase in air passengers is due to rising GDP, disposable income, and living standards. Additionally, the prolonged lockdown during the COVID-19 outbreak has led to an upsurge in both business and leisure travel. As air travel increases, there is a rise in demand for aircraft. The aircraft pumps are an integral part of the aircraft that help in the flow of fluids and gases for the proper functioning of the aircraft. According to a report published in May 2022 by International Civil Aviation Organization (ICAO), a UN agency and a global forum for civil aviation, the number of passengers carried by air climbed by 65% from January to April 2022 as compared to January to April 2021, while the number of aircraft flight departures rose by 30%. Hence, an increase in air passengers and air travel will lead to a growth in the aircraft pumps market.
The aircraft pumps market covered in this report is segmented –
1) By Type: Hydraulic Pumps, Fuel Pumps, Lube And Scavenge Pumps, Water And Wastewater Pumps, Air conditioning And Cooling Pumps
2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
4) By Pressure: Up to 350 Pounds per Square Inch (PSI), Between 350 – 1,500 Pounds per Square Inch (PSI), Between 1,500 – 3,000 Pounds per Square Inch (PSI), Above 3000 Pounds per Square Inch (PSI)
5) By End User: OEM, Aftermarket
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Regional Insights –
North America was the largest region in the aircraft pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aircraft pumps market include Eaton Corporation plc, Parker Hannifin Corporation, Woodward Inc., Honeywell International Inc., Crissair Inc., Triumph Group Inc., Moog Inc., Arkwin Industries Inc., Beaver Aerospace & Defense Inc., Liebherr Group, GKN Aerospace, Raytheon Technologies Corporation, Safran S.A., Meggitt PLC, Crane Co., Zodiac Aerospace, AeroControlex Group, Pall Corporation, Donaldson Inc., CLARCOR Inc., Freudenberg & Co. KG, UTC Aerospace Systems, ITT Aerospace Controls, Circor Aerospace & Defense, Aeromax Industries Inc., Aerofit Inc., Collins Aerospace, Aeromaoz Ltd.
Table of Contents
1. Executive Summary
2. Aircraft Pumps Market Report Structure
3. Aircraft Pumps Market Trends And Strategies
4. Aircraft Pumps Market – Macro Economic Scenario
5. Aircraft Pumps Market Size And Growth
…..
27. Aircraft Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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