Aircraft Valves Market is likely to witness an impressive CAGR of 5.8% during the forecast period. The unprecedented growth in aircraft orders from airlines, driven by surging air passenger traffic is the prime factor bolstering the global aircraft valves market. Boeing estimated, there would be 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 the same period. An anticipated 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 is underpinning the demand for valves from maintenance, repair, and overhaul (MRO) activities. The surge in demand for fuel-efficient aircraft from airlines is contributing towards greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.
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Aircraft Valves Market- Snapshot
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Growth
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5.8% for the next five years
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Major Valve Type
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Hydraulic System Valves
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Major Aircraft Type
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Commercial Aircraft
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Major Mechanism Type
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Poppet Valves
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Dominant End-User Type
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Aftermarket
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Region with the highest demand
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North America
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Key Players
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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.
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Aircraft Valves Market Share: By Valve Type
Based on the valve type, the market is segmented as fuel system valves, air conditioning valves, hydraulic system 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 rising aircraft fleet size.
Aircraft Valves Market Share: By Aircraft Type
On the basis of aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft comprises narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation houses business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is estimated to remain the growth engine of the market over the next five years and is also likely to register the highest growth during the same period.
Aircraft Valves Market Share: By Mechanism Type
Based on the mechanism type, the aircraft valves market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valves segment is likely to lead the market over the next five years, driven by its usage in managing, controlling, and discharging fluids across various systems used in an aircraft coupled with its low lifespan.
Aircraft Valves Market Share: By End-User Type
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 commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in air passenger traffic, which amounts to extended flight hours, leading to short replacement cycles. Valves require frequent replacements in an aircraft due to low lifespan, usually 3 to 5 years, depending upon applications, valve types, material, etc.
Aircraft Valves Market Share: By Region
In terms of regions, North America is estimated to remain the largest market for aircraft valves in the coming five years. The market is driven by the regional presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. North America is the manufacturing capital of the aircraft industry. 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.
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.
Market Scope & Segmentation
Aircraft valves are multi-purpose devices, forming a part of the engine of an aircraft as well as other operating systems. They are usually employed to govern the flow of fluids in and out of the engine’s cylinder. Valves primarily manage the mechanism of opening and closing of predefined paths.
Aircraft valves generally come under two categories, viz, inlet and outlet valves. An inlet valve permits the fluid to enter the cylinder, whereas an outlet valve lets the fluid or gases to discharge away from the chamber. For the efficient working of an aircraft, there has to be a proper synchronization between the inlet and outlet valves.
This report studies the market covering a period of 12 years of trend and forecast. 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.
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Aircraft Valves Market Research Report - Features
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Market Segmentation
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6
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The aircraft valves market is segmented into the following categories.
Aircraft Valves Market Size, Share, & Forecast, by Valves Type:
- Fuel System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Suction Valves, APU LP Valves, Inlet Valves, Cross Feed Valves, Engine LP Valves, and Others)
- Hydraulic System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Drain Valves, Shutoff Valves, Isolation Valves, Priority Valves, and Others)
- Air Conditioning System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Pack Flow Control Valves, Oxygen System Shutoff Valves, Isolation Valves, Hot Air Pressure Regulating Valves, and Trim Air Valves)
- Ice & Rain Protection System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Anti-Ice Valves and Others)
- Pneumatic System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Cross Bleed Valves, APU Bleed Valves, Engine Bleed Valves, and Others)
- Water & Waste System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Manual Shutoff Valves and Drain Valves)
- Lubrication System Valves
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Product Type Analysis: Pressure Regulating Valves and Bypass Valves)
Aircraft Valves Market Size, Share, & Forecast, 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 Size, Share, & Forecast, 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 Size, Share, & Forecast, by Aircraft Type:
- Commercial Aircraft
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Platform Type Analysis: 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 Analysis: Business Jets and Business Helicopters)
- Military Aircraft
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Platform Type Analysis: Fighter & Transporter Jets and Military Helicopters)
Aircraft Valves Market Size, Share, & Forecast, 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 Size, Share, & Forecast, 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)
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
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 valve types by aircraft 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 [email protected].
