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    Aircraft Valves Market

    Aircraft Valves Market
    Report code - SRAD188 Delivery - 2 Weeks

    Aircraft Valves Market by System Type (Fuel System, Hydrau See more...

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    This report, from Stratview Research, studies the aircraft valves market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The Aircraft Valves Market: Highlights

    The global aircraft valves market is likely to witness an impressive CAGR of 5.6% during the forecast period. The unprecedented growth in aircraft orders from the airlines owing to surging air passenger traffic is the prime factor driving the global aircraft valves market. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for valves in the commercial aircraft industry.

    Large aircraft fleet size, especially of commercial aircraft (21,860 commercial aircraft active in 2017) coupled with short standby cycles due to extended aircraft flight hours are proliferating the demand for valves from the maintenance, repair, and overhaul (MRO) activities. The surge in the demand for fuel-efficient aircraft from airlines is leading to a greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.

    Based on the valve type, the market is segmented as fuel system valves, hydraulic system valves, air conditioning valves, ice & rain protection system valves, pneumatic system valves, water & waste system valves, and lubrication system valves. Hydraulic system valves are estimated to lead the market in the coming five years, owing to increasing commercial aircraft deliveries and increasing aircraft fleet size. 

    Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft at the end of 2017. Both OEMs are increasing production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients in a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This trend is imprinting a positive impact on the demand for all types of valves including hydraulic system valves.

    Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft includes narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation includes business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is likely to remain the growth engine of the market over the next five years. The aircraft segment is also likely to witness the highest growth during the same period.

    Based on the mechanism type, the market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valve is likely to be the growth engine of the market over the next five years, driven by its usages in managing, controlling, and discharging fluids across the systems used in an aircraft coupled with its low lifespan. 

    Based on the end-user type, the market has been segmented as OE and aftermarket. The OE-sales segment is likely to remain the larger segment of the market over the next five years, driven by a continuous increase in the deliveries of the commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in passenger air traffic, which leads to extended flight hours leading to short replacement cycles. Valves need to be replaced more frequently in the aircraft due to low lifespan usually 3 to 5 years, depending upon applications, valve types, material, etc.

    In terms of regions, North America is expected to remain the largest market for aircraft valves during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements then these technologies are gradually transmitted to other parts of the world like China and India. 

    Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft valves in these countries in the coming years.  The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for valves in the aircraft industry in the region.

    Some of the major aircraft valve manufacturers are Honeywell International Inc., Parker Hannifin Corporation, Eaton Corporation Plc, Woodward, Inc., Zodiac Aerospace, Triumph Group, Inc., Crissair, Inc., ITT Aerospace Controls, The Liebherr Group, United Technologies Corporation, Meggitt PLC, Circor International, Inc., and Crane Aerospace & Electronics. Execution of M&A activities, aircraft OEMs push to develop valves indigenously, regional expansion, and formation of long-term contracts are some of the major trends shaping the competitive landscapes of the market.

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    The aircraft valve market is segmented into the following categories. 

    Aircraft Valves Market by System Type:

    • Aircraft Fuel System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Suction Valves, APU LP Valves, Inlet Valves, Cross Feed Valves, Engine LP Valves, and Others)
    • Aircraft Hydraulic System Valves
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Drain Valves, Shutoff Valves, Isolation Valves, Priority Valves, and Others)
    • Aircraft Air Conditioning System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Pack Flow Control Valves, Oxygen System Shutoff Valves, Isolation Valves, Hot Air Pressure Regulating Valves, and Trim Air Valves)
    • Aircraft Ice & Rain Protection System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Anti-Ice Valves, and Others)
    • Aircraft Pneumatic System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Cross Bleed Valves, APU Bleed Valves, Engine Bleed Valves, and Others)
    • Aircraft Water & Waste System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Manual Shutoff Valves and Drain Valves)
    • Aircraft Lubrication System Valves 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Analysis: Pressure Regulating Valves and Bypass Valves)

    Aircraft Valves Market by Mechanism Type:

    • Aircraft Poppet Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Pilot Operated Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Flapper-Nozzle Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Ball & Plug Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Baffle Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Valves Market by Material Type:

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

    Aircraft Valves Market by Aircraft Type:

    • Commercial Aircraft 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Platform Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, and Regional Transport Aircraft)
    • General Aviation 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Platform Type: Business Jets and Business Helicopters)
    • Military Aircraft 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Platform Type: Fighter & Transporter Jets and Military Helicopters)

    Aircraft 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 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: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, 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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the valves by aviation type.  

    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 at sales@stratviewresearch.com. 


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