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The Aerospace Valves Market Size was valued at USD 12.88 billion in 2023 and is expected to reach USD 19.14 billion by 2032 with a growing CAGR of 4.5% over the forecast period 2024-2032.
An aerospace valve is a device that closes, partially obstructs or opens passageways to guide, regulate, or control the flow of fluids such as gases, fluidized solids, liquids, or slurries. Valves are fittings; however, they are typically classified as a separate category. Aerospace valves play a significant part in hydraulic action points, which are critical to any aircraft operation. As a result, the aerospace valve must be precise and durable to improve the aircraft's performance.
Heat management, managing oil and fuel directional flow, enabling anti-icing, maintaining pressure control, and optimizing temperature limits are all functions performed by aerospace valves, which are part of the motion and flow control technologies. Advancements are being made in the development of aeronautical valves. Electronically controlled aerospace valves are increasingly being used to reliably and effectively manage the flow of gas or liquid and mechanical movements across numerous places aboard airplanes.
MARKET DYNAMICS
KEY DRIVERS
Globally, aviation passenger traffic is increasing.
The requirement for replacement and the shorter life cycle of aeronautical valves.
RESTRAINTS
Economic uncertainties and aircraft delivery backlogs
changing pricing of raw materials used in valve manufacturing
OPPORTUNITY
Aerospace valve manufacturers can benefit from the Internet of Things.
Analytical systems are becoming more technologically advanced.
CHALLENGES
Failure of valves, such as the fuel crossfeed valve on the Airbus not opening.
build high-quality valves and properly integrate them into aviation systems.
IMPACT OF COVID-19
Eaton Corporation PLC, Safran, Woodward, Inc., Triumph Group, and Parker Hannifin Corporation is among the leading participants in the aerospace valves industry. These companies have expanded their operations in North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. COVID-19 has also influenced their enterprises. COVID-19, according to industry insiders, will have an impact on aircraft valve manufacture and services internationally in 2020. The COVID-19 pandemic has hurt end-use sectors, resulting in a sharp drop in 2020 aircraft sales and deliveries. In the medium term, this is projected to hurt the aerospace valves market, with a modest recovery predicted in the First Quarter of 2021.
The market for environmental control systems is likely to be the most valuable. By value, the environment control segment is predicted to be the largest. The numerous sub-systems that make up the environment control system sector of the aerospace valves market, including air supply, temperature management, cabin pressurization, avionics cooling, smoke detection, and fire suppression, have contributed to the industry's expansion. Other essential systems that employ aerospace valves include the pneumatic, hydraulic, and fuel systems. Aerospace valves in the lubrication system keep oil pressure under control, while valves in the water and wastewater system allow potable water to flow to the water distribution system, which is subsequently utilized by passengers and personnel onboard.
The Butterfly Valves segment of the aerospace valves market is expected to grow at the fastest rate during the forecast period. The Butterfly Valves section of the aerospace valves market is growing due to its widespread use in a variety of applications due to its small size, low space requirements, and ease of use. These are often found in aviation fuel and pneumatic systems. In the aerospace valves market, the stainless-steel segment is expected to have the biggest revenue share based on material The widespread usage of stainless steel in aircraft valve manufacture may be ascribed to its qualities and advantages, which include ease of availability, cheap cost, heat resistance, and high strength. It's employed in applications with a high risk of corrosion and a high operating temperature.
The fixed-wing aircraft sector is expected to have the greatest revenue in the aerospace valves market during the forecast period, based on aircraft type. Commercial aviation, business, general aviation, and military aviation make up the fixed-wing aircraft category. In terms of absolute numbers, the fixed-wing sector has the largest number of aircraft. However, the aerospace valves market is expected to grow at the fastest rate in the Unmanned Aerial Vehicles category.
By Type
Butterfly Valves
Rotary Valves
Solenoid Valves
Flapper-nozzle Valves
Poppet Valves
Gate Valves
Ball Valves
Others
By Application
Fuel System
Hydraulic System
Environmental Control System
Pneumatic System
Lubrication System
Water & Wastewater System
By Material
Stainless Steel
Titanium
Aluminum
Others
By Aircraft Type
Fixed Wing
Rotary wing
Unmanned Aerial Vehicles
By End-Use
OEM
Aftermarket
REGIONAL ANALYSIS
Geographically, North America continues to dominate the market, and this position will be maintained during the projection period. From component manufacture to aircraft assembly to military and security leadership, the region is underpinned by strong industry intelligence, making it a center of the aircraft industry. In the area, there is also a rising demand for lightweight, high-performance aerospace valves to meet the demands of contemporary aircraft platforms.
During the forecast period, Asia Pacific will have the highest CAGR in the global market, owing to the region's growing interest in indigenous component and system manufacturing, low labor costs attracting aircraft industry stakeholders from developed economies, and the largest fleet size of commercial aircraft ensuring substantial market demand.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major Players are Honeywell International Inc, CIRCOR International, Inc., Parker Hannifin Corporation, Safran, Moog Inc., Aero Fluid Products, Sitec Aerospace GmbH, Meggitt PLC, Crissair Inc, Eaton Corporation Inc. and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 12.88 Billion |
| Market Size by 2032 | US$ 19.14 Billion |
| CAGR | CAGR of 4.5% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Butterfly Valves, Rotary Valves, Solenoid Valves, Flapper-nozzle Valves, Poppet Valves, Gate Valves, Ball Valves, Others) • By Application (Fuel System, Hydraulic System, Environmental Control System, Pneumatic System, Lubrication System, Water & Wastewater System) • By Material (Stainless Steel, Titanium, Aluminum, Others) • By Aircraft Type (Fixed Wing, Rotary wing, Unmanned Aerial Vehicles) • By End-Use (OEM, Aftermarket) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Honeywell International Inc, CIRCOR International, Inc., Parker Hannifin Corporation, Safran, Moog Inc., Aero Fluid Products, Sitec Aerospace GmbH, Meggitt PLC, Crissair Inc, Eaton Corporation Inc. |
| DRIVERS | • Globally, aviation passenger traffic is increasing. • The requirement for replacement and the shorter life cycle of aeronautical valves. |
| RESTRAINTS | • Economic uncertainties and aircraft delivery backlogs • changing pricing of raw materials used in valve manufacturing |
The market size of the Aerospace Valves Market was valued at USD 12.88 billion in 2023.
The growth rate of the Aerospace Valves Market is 4.5% over the forecast period 2024-2032.
The key players of the Aerospace Valves Market are Honeywell International Inc, CIRCOR International, Inc., Parker Hannifin Corporation, Safran, Moog Inc., Aero Fluid Products, Sitec Aerospace GmbH, Meggitt PLC, Crissair Inc, and Eaton Corporation Inc.
The Aerospace Valves Market is segmented into 5 types: By Type, By Aircraft Type, By Material, By End-user, and By Application.
North America region dominated the Aerospace Valves Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aerospace Valves Market Segmentation, By Type
8.1 Butterfly Valves
8.2 Rotary Valves
8.3 Solenoid Valves
8.4 Flapper-nozzle Valves
8.5 Poppet Valves
8.6 Gate Valves
8.7 Ball Valves
8.8 Others
9. Aerospace Valves Market Segmentation, By Application
9.1 Fuel System
9.2 Hydraulic System
9.3 Environmental Control System
9.4 Pneumatic System
9.5 Lubrication System
9.6 Water & Wastewater System
10. Aerospace Valves Market Segmentation, By Material
10.1 Stainless Steel
10.2 Titanium
10.3 Aluminum
10.4 Others
11. Aerospace Valves Market Segmentation, By Aircraft Type
11.1 Fixed Wing
11.2 Rotary wing
11.3 Unmanned Aerial Vehicles
12. Aerospace Valves Market Segmentation, By End-Use
12.1 OEM
12.2 Aftermarket
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Honeywell International Inc.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Parker Hannifin Corporation
14.3 Safran
14.4 Moog Inc.
14.5 Meggitt PLC
14.6 Crissair, Inc.
14.7 Aero Fluid Products (Transdigm Group, Inc.)
14.8 Sitec Aerospace GmbH
14.9 CIRCOR International, Inc.
14.10 Eaton Corporation Inc.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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