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    Aircraft Hydraulic Valves Market Report

    Aircraft Hydraulic Valves Market Report
    Report code - SR2421 Published On : Mar,2023 No. of Pages: 125
    Aircraft Hydraulic Valves Market Size, Share, Trend, Forecast, Competitive Analysis, and G See more...

    Market Highlights

    The connections through which fluid moves on an aircraft are called valves. By opening and shutting, they regulate the movement of fluid. When a compressed liquid is used as a moving fluid, the system is referred to as a hydraulic system, and the valve is referred to as a hydraulic valve. The aircraft hydraulic system is divided into two parts (basic hydraulic system and power hydraulic system) based on their purpose and differentiated with color coding (red and green).

    After a mammoth decline in the aircraft valves market in 2020, the aerospace industry started recording from 2022 onwards (18.1% YoY, 2022). Key factors fueling the growth of the market are rebounding commercial aircraft production, aging aircraft fleet size, increasing use of electric valves in modern aircraft, and fervent efforts toward developing electric aircraft. In the long term, the aerospace hydraulic valves market is expected to grow at a promising CAGR of 9.5% to reach a sales figure of US$ 2.7 billion in 2028.

    Recent Market JVs and Acquisitions: A limited number of strategic alliances including M&As, JVs, etc. have been performed over the past few years: for instance, in September 2022, Parker-Hannifin Corp., a global leader in motion and control technologies, announced the completion of its acquisition of Meggitt PLC at nearly US$ 10 billion.

    Market Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Material-Type Analysis

    Titanium, Aluminum, and Others

    Titanium is expected to remain the dominant material type in the coming years.

    Application-Type Analysis

    Engine, Landing Gears, Wheels and Brakes,  and Flight Control

    Flight control is anticipated to remain the biggest demand generator for hydraulic valves in the years to come. Air conditioning will be the fastest-growing application type.

    Aircraft-Type Analysis

    Commercial Aircraft, General Aviation, Business Aircraft, Military Aircraft, Helicopter, and UAVs

    Commercial aircraft are expected to remain the biggest demand generator for hydraulic valves over the next five years.

    End-User-Type Analysis

    OE and Aftermarket

    OE is expected to remain the dominant end-user type throughout the study period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     
    Based on the material type, the aircraft hydraulic valve market is segmented into titanium, aluminum, and others. Throughout the forecast period, titanium is anticipated to continue to be the market's leading material type. Titanium and its alloys are used in valves because of their low weight, high strength (high specific strength), and heat protection characteristics. Amid the Russo-Ukrainian war, there has been a sharp increase in the price of materials, especially titanium alloys. Both airframers, Boeing and Airbus, are working hard to develop alternate titanium suppliers after the ban on imports from Russia. Russia is the powerhouse of titanium production. Other preferred materials for manufacturing hydraulic valves include steel and aluminum.

    Based on the application type, the market is segmented into engines, landing gears, wheels and brakes, environmental control systems, flight control, air conditioning, and others. Flight control is expected to remain the dominant as well as the faster-growing application type in the market during the forecast period. Flight control is one of the major and largest systems present in the aircraft with too many moving bodies that require more valves to operate compared to other systems. These moving components are present all over the aircraft. Currently, the use of servo-hydraulic valves is growing in the market.

    Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, business aircraft, military aircraft, helicopter, and UAVs. Commercial aircraft is likely to remain the biggest demand generator for hydraulic valves in the foreseeable future. After a significant drop in commercial aircraft production amid the pandemic, all major airframers, especially Boeing and Airbus, are raising the production rates of their key programs. Supply chain disruption, labor shortage, inflation, etc. remain a big challenge before airframers achieve their targets. In its latest commercial aircraft outlook, Boeing anticipated that approximately 41,170 commercial and regional aircraft will likely be delivered in the next twenty years, suggesting a sustainable demand for all types of vales in the long term.

    Based on the end-user type, the market is segmented into OE and aftermarket. OE is expected to remain the dominant as well as the faster-growing end-user type in the market during the forecast period. During the flight, aircraft valves must function properly, which frequently leads to component wear and tear. Flight hours of fleets have exponentially grown as a result of the rise in aviation travel across areas. The number of days an airplane is in service and the number of flying hours directly affect the replacement cycle of aerospace valves. In addition, there are no repairs or upkeep tests performed on aerospace valves; they are replaced.

    With the highest growth in the demand for aircraft valves, Asia-Pacific is expected to remain the fastest-growing market during the forecast period. China, Japan, Singapore, and India are the leading markets in Asia-Pacific. As per Boeing’s latest commercial aircraft outlook, approximately 17,000 aircraft are likely to be delivered in the Asia-Pacific region out of which 8,500 will be in China only. India is likely to add about 2,400 aircraft in the next twenty years.

    North America is estimated to maintain its dominance in the aircraft hydraulic valve market in the foreseeable future. All the major valve producers like Parker-Hannifin Corp. (Parker Aerospace), Honeywell International Inc., and Eaton Corporation plc have a strong presence in the region. Airframers, like Boeing, Airbus, Bombardier, and Lockheed Martin, contribute a substantial share of the region’s market. The assembly plants of engines and aircraft and technological developments in valve technologies mainly drive the demand in this area.

    Key Players

    The market is fairly consolidated with the presence of a handful number of players. Most of the major players are diversified and offer several products targeting the aerospace industry. Furthermore, these companies are part of large group, making them one of the biggest tier players in the aerospace industry. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the aircraft hydraulic valves market.

    • Parker-Hannifin Corp.
    • Honeywell International Inc.
    • Liebherr Group
    • Eaton Corporation plc
    • Safran S.A.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft hydraulic valves market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft valves market is segmented into the following categories. 

    Aircraft Hydraulic Valves Market, by Material Type

    • Titanium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Hydraulic Valves Market, by Application Type

    • Engine
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Valve-Type Analysis: Selector Valve, Shut-off Valve, and Others)
    • Landing Gears, Wheels, and Brakes
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Valve-Type Analysis: Sequence Valve, Check Valve, Priority Valve, and Others)
    • Flight Control
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Valve-Type Analysis: Shuttle Valve, Sequence Valve, and Others)

    Aircraft Hydraulic Valves Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Business Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAVs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Hydraulic Valves Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Hydraulic Valves Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    A Bird's Eye View of the Market

    The aircraft hydraulic valves market is estimated to grow at a CAGR of 9.5% to reach US$ 2.7 billion by 2028, driven by continuous development and acceptance of the electrohydraulic system in the latest aircraft programs. Boeing and Airbus are projecting deliveries of over 40,000 commercial aircraft in the next twenty years, an average of 2,000 commercial aircraft per year, significantly higher than the current years deliveries.

    Parker-Hannifin Corp., Honeywell International Inc., Liebherr Group, Eaton Corporation plc, and Safran S.A. among others are the leading players in the aircraft hydraulic valves market.

    North America is estimated to remain dominant in the aircraft hydraulic valves market in the foreseeable future. The characteristics of the region's market are driven by a large number of manufacturers and tier companies that are present there.

    Asia-Pacific is estimated to remain the fastest-growing market for aircraft hydraulic 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 regions demand. Growing Japanese, Singaporean, and Indian market is likely to give additional impetus to the regions demand.

    Flight control is the major application of hydraulic valves and is estimated to remain dominant in the market in the coming years.

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