Aircraft Hydraulic System Market Analysis | 2022-2028

Market Insights

The aircraft hydraulic system market was estimated at USD 0.9 billion in 2021 and is likely to grow at a CAGR of 5.2% during 2022-2028 to reach USD 1.3 billion in 2028.

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Market Dynamics

Introduction

Aircraft hydraulic systems with hydraulic oil are used to transmit a high force or pressure. It helps in moving or actuating brakes, flaps, and landing gear.

Aircraft hydraulic systems are of two types and these are closed-center hydraulic systems and open-center hydraulic systems. Reservoirs, filters, pumps, valves, accumulators, actuators, hydraulic fluid, hoses, pipes, and connectors are the components of the aircraft hydraulic system.

Market Drivers

The growing demand for extremely unswerving systems, low cooling costs due to low amounts of heat generation, higher power-to-weight ratios of hydraulic systems, and their wide array of load-handling capacities are the prime factors expected to underpin the growth of the aircraft hydraulic system market during the forecast period.

Segments Analysis

By Type

Based on the type, the market is segmented as a closed-center hydraulic system and an open-center hydraulic system. The closed-center hydraulic system segment is estimated to register higher growth during the forecast period. This growth can be attributed to the fact that pilots rely on a hydraulic system to operate systems such as nose wheel steering, wheel brakes, flight control surfaces, landing gear operation, propeller pitch controls, and cargo doors.

By Component Type

Based on the component type, the market is segmented as reservoirs, filters, pumps, valves, accumulators, actuators, hydraulic fluid, and hoses, pipes & connectors. The pumps segment is estimated to depict the highest growth in the coming five years, as pumps are the vital components of the aircraft hydraulic system. The growth of the segment is driven by an expected increase in the usage of pumps in new aircraft, owing to the reduction in the overall weight of an aircraft, which can be accomplished by using pumps. Further, pumps deliver high pressure of fluid even in very thin pipelines, and this is one of the major factors expected to bolster the growth of the pumps segment during the forecast period.

Regional Insights

In terms of regions, North America is expected to command the aircraft hydraulic system market during the forecast period. The market is driven by the regional presence of a host of Original Equipment Manufacturers (OEMs) and key market players, such as Parker Hannifin Corporation (U.S.), United Technologies Corporation (U.S.), and Woodward, Inc. (U.S.). On the other hand, the Rest of the World is estimated to emerge out as the fastest-growing market for aircraft hydraulic system in the coming five years. This unprecedented high growth can be attributed to the presence of a large number of OEMs, such as Piaggio Aerospace (UAE) and Embraer S.A. (Brazil), coupled with the technological upgrades from conventional hydraulic systems to advanced systems in the region.

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Key Players

Some of the major players in the aircraft hydraulic system market are:

• Arkwin Industries Inc.
• Beaver Aerospace & Defense, Inc.
• Eaton Corporation PLC
• Liebherr-International AG
• Moog Inc.
• Parker Hannifin Corporation
• Safran S.A.
• Triumph Group, Inc.
• United Technologies Corporation 

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft hydraulic system market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our aircraft hydraulic system market report from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft hydraulic system market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner 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 1000 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, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. 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 hydraulic system market is segmented into the following categories.

By Type

• Closed Center Hydraulic System
• Open Center Hydraulic System

By Component Type

• Reservoir
• Filters
• Pumps
• Valves
• Accumulators
• Actuators
• Hydraulic Fluid
• Hoses, Pipes & Connectors

By Platform Type

• Fixed Wing
• Rotary Wing

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)

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 types by platform 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 to sales@stratviewresearch.com.