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Aircraft Engine Valves Market Report
Aircraft Engine Valves Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
The aircraft engine valves market is estimated to grow at a CAGR of 10.2% to reach about US$ 890 million by 2028, driven by an expected increase in the production of aero engines in the wake of rise in the production rate of key programs (B737Max, A320neo, B787, and A350) paired with rising aircraft fleet size.
Parker-Hannifin Corp., Honeywell International Inc., Transdigm Group, Inc., Liebherr Group, Woodward Inc., Raytheon Technologies Corporation, General Electric Company, Safran S.A., Eaton Corporation plc, and Rolls-Royce plc are the leading players in the aircraft engine valves market.
North America is estimated to remain dominant in the aircraft engine valves market in the foreseeable future. The region remains the pioneer in aircraft as well as its engine production. All the leading airframers as well as engine makers have a presence in the region.
Asia-Pacific is estimated to remain the fastest-growing market for aircraft engine valves in the foreseeable future. China now has the world's biggest aviation industry as a result of a rise in domestic flight travel. The expansion of the industry would also be aided by a rise in the number of airports in the area. Furthermore, the high focus of the Chinese government on the development of commercial, regional, and military aircraft indigenously boosts the region’s demand. Growing Japanese, Singaporean, and Indian market is likely to give additional impetus to the region’s demand.
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