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Aerospace Valves Market

Aerospace Valves Market size 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), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/A&D/1232 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aerospace Valves Market Size was valued at USD 11.8 billion in 2021 and expected to reach USD 16.05 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

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.

Aerospace Valves Market Revenue Graph

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.

COMPETITIVE LANDSCAPE:

MARKET KEY PLAYERS:

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.

Key Market Segmentation:

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

Aerospace Valves Market Segment Chart

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.

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

Aerospace Valves Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.8 Billion
Market Size by 2028 US$ 16.05 Billion
CAGR CAGR of 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :


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

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Aerospace Valves market, 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, 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, By Material

10.1 Stainless Steel

10.2 Titanium

10.3 Aluminum

10.4 Others

 

11. Aerospace Valves market, By Aircraft Type

11.1 Fixed Wing

11.2 Rotary wing

11.3 Unmanned Aerial Vehicles

 

12. Aerospace Valves market, 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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Secondary Research

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