Aircraft Pneumatic Valves Market is segmented by Material Type (Titanium, Aluminum, and Others), Application Type (Engine [Starter Valve, Bleed Air Valve, Pressure Relief Valve, Shut-Off Valve, and Others], Landing Gears, Wheels, and Brakes [Brake Control Valve, Dump Valve, and Others], Environmental Control System [Engine Anti-Icing Valve, Wing Anti-Icing Valve, Pressure Reducing Valve, and Others], Flight Control [Shuttle Valve, Check Valve, and Others], and Air Conditioning [Pack Valve, Isolating Valve, Cross-Bleed Valve, and Others]), Aircraft Type (Commercial Aircraft, General Aviation, Business Aircraft, Military Aircraft, Helicopter, and UAVs), End-User Type (OE and Aftermarket), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Pneumatic Valves Market is segmented by Material Type (Titanium, Aluminum, and Others), Application Type (Engine [Starter Valve, Bleed Air Valve, Pressure Relief Valve, Shut-Off Valve, and Others], Landing Gears, Wheels, and Brakes [Brake Control Valve, Dump Valve, and Others], Environmental Control System [Engine Anti-Icing Valve, Wing Anti-Icing Valve, Pressure Reducing Valve, and Others], Flight Control [Shuttle Valve, Check Valve, and Others], and Air Conditioning [Pack Valve, Isolating Valve, Cross-Bleed Valve, and Others]), Aircraft Type ...
"The global aircraft pneumatic valves market size is likely to grow from USD 0.7 billion in 2022 to reach USD 1.4 billion by 2028 at a healthy CAGR of 10.0% during the forecast period."
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Aircraft valves are the fittings through which fluid flows. They control the flow of fluid by opening and closing the valve door. When compressed air is used as fluid to move something, then the system is called a pneumatic system and the valve is called a pneumatic valve. The aerospace pneumatic system mainly consists of air conditioning, anti-icing, water pressurization, hydraulic reservoir pressurization, and an engine starting system.
Increasing use of electric valves in modern aircraft.
Fervent efforts toward developing electric aircraft as the companies are focusing more on servo-hydraulic and servo-pneumatic valves.
Segment 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, ECS, Flight Control, and Air Conditioning
Engine is anticipated to remain the biggest demand generator for valves in the years to come.
Aircraft-Type Analysis
Commercial Aircraft, General Aviation, Business Aircraft, Military Aircraft, Helicopter, and UAVs
Commercial aircraft is expected to remain the biggest demand generator for pneumatic 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.
By Material Type
"The titanium segment accounted for the largest market share."
The market is segmented into titanium, aluminum, and others. Titanium is expected to remain the dominant material type in the market with a share of more than 70% in 2022. 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 materials, such as stainless steel, are also used in the development of aerospace pneumatic valves.
By Aircraft Type
"The commercial aircraft segment accounted for the largest market share."
The market is segmented into commercial aircraft, general aviation, business aircraft, military aircraft, helicopter, and UAVs. Commercial aircraft are expected to remain the biggest demand generator for the valves market with a share of more than 55% in 2022.
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.
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By Application Type
"The engine segment accounted for the largest market share."
The market is segmented into engines; landing gears, wheels, and brakes; environmental control systems; flight control, and air conditioning. Engine is expected to remain the major demand generator for pneumatic valves market with a share of more than 35% in 2022.
Engine requires pneumatic systems for a wide range of purposes from starting the aircraft to power transmission within the aircraft, controlling the flow of air from the turbine, and passing it to other parts of the aircraft. CFM (Safran/GE JV) delivered 1,136 LEAP engines (certified for A320neo, B737Max, and C919) in 2022 and has set a target to deliver 1,300 engines in the year 2023, despite supply chain disruption. Availability of critical raw materials paired by inflation and labor shortage remain major hurdles before engine makers achieve their targets.
By Region
"Asia-Pacific accounted for the largest market share."
With the highest growth in the demand for aircraft pneumatic 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 pneumatic valves market with a share of more than 40% in 2022. All the major valve producers, such as Parker-Hannifin Corp. (Parker Aerospace), Honeywell International Inc., Eaton Corporation plc, GE Company, and Woodward Inc., 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.
To know which region offers the best growth opportunities,
Key Players
The market is moderately consolidated with the presence of a fair number of players. Most of the major players are diversified and offering several products targeting aerospace industry. Furthermore, these companies are part of large group, making them one of the biggest tier players in the aerospace industry.
The following are the key players in the aircraft pneumatic valves market.
Recent Market JVs and Acquisitions: A fair number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
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.
In May 2022, Transdigm Group inc. acquired DART Aerospace, a key helicopter manufacturer, for approximately US$ 360 million, to expand its market position in the helicopter industry.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft pneumatic 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:
Overview, industry life cycle analysis, supply chain analysis.
Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Trend and forecast analysis.
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.
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
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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 market.
