According to the report published by Zion Market Research, global demand for aerospace valves market was valued at approximately USD 5.2 Billion in 2019, and is expected to generate revenue of around USD 7.8 Billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for aerospace valves market was valued at approximately USD 5.2 Billion in 2019, and is expected to generate revenue of around USD 7.8 Billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.
Global Aerospace Valves Market: Overview
In the past few years, the number of commercial flights and passenger traffic has increased tremendously. Aerospace valves are non-repairable in nature and need replacement every 3 to 4 years. These valves are vital as they ensure enhanced aircraft performance. The demand and popularity of the aerospace valves market on a global scale can be attributed to the shorter replacement cycles related to aerospace valves and an increase in the number of aircraft orders.
Global Aerospace Valves Market: Growth Factors
The major growth driver in the global aerospace valves market is the rising number of aircraft orders. Shorter aerospace valves replacement cycles is another key factor likely to drive this market over the forecast time period. Increasing demand for lightweight valves by most airlines and rising passenger traffic, the rise in aircraft deliveries are likely to fuel the expansion of the aerospace valves market across the world in the upcoming years. Aircrafts need maximum valves that utilize the ball and plug mechanism for ensuring fluid discharge in the system for continuous fluid flowing operations. Thus, the ball and plug valves are anticipated to dominate the market for aerospace valves in the upcoming period. Alternatively, these valves need regular replacements.
However, the current backlogs related to aircraft deliveries, due to insufficient manufacturing capacities of renowned aircraft manufacturing companies, might limit the aerospace valves market on a global scale over the estimated time period.
Global Aerospace Valves Market: Segmentation
The global aerospace valves market is classified into valves, end-user, material, mechanism, and aviation. By valves, this market includes aerospace water and waste system valves, aerospace lubrication systems valves, aerospace pneumatic system valves, aerospace ice and rain system valves, aerospace air conditioning system valves, aerospace hydraulic system valves, and aerospace fuel system valves. Based on end-user, the market is bifurcated into original equipment manufacturer and aftermarket. On the basis of material, the aerospace valves market is segmented into titanium, aluminium, corrosion resistant steel, and others. The mechanism segment of this global market comprises ball and plug valves, flapper-nozzle valves, pilot valves, poppet valves, and others. Business and general aviation, military aviation, and commercial aviation comprise the aviation segment of this market.
Global Aerospace Valves Market: Regional Analysis
The global aerospace valves market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. In 2017, the North American aerospace valves market dominated globally. This was due to the rise in the number of commercial aircraft orders and the increase in the demand for MRO services. The Asia Pacific region is likely to register the fastest rate of growth in the aerospace valves market over the estimated time period. This can be attributed to the growing passenger traffic and the rising number of flight hours. Growing disposable income of people in developing economies, such as China and India, contributes to the increased passenger traffic.
Global Aerospace Valves Market: Competitive Players
Some of the most important market players in the global aerospace valves market include Zodiac Aerospace, Crane Aerospace, Eaton, Honeywell, Moog, Liebherr, Parker Hannifin, ITT Aerospace Controls, Porvair, Crissair, Circor International, Dynex/Rivett, Meggitt, Lakshmi Technology and Engineering, Woodward, Valcor Engineering, United Technologies, Triumph Group, Sitec Aerospace, Precision Fluid Controls, Marotta Controls, Ram Company, Nutek Aerospace Corporation, and AeroControlex, among others.
Global Aerospace Valves Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Aerospace Valves Market
FIG. 6 Global Aerospace Valves Market Attractiveness, By Valves
FIG. 7 Global Aerospace Valves Market Attractiveness, By End-User
FIG. 8 Global Aerospace Valves Market Attractiveness, By Material
FIG. 9 Global Aerospace Valves Market Attractiveness, By Mechanism
FIG. 10 Global Aerospace Valves Market Attractiveness, By Aviation
FIG. 11 Global Aerospace Valves Market Attractiveness, By End-User
FIG. 12 Company Share Analysis, 2019
FIG. 13 Global Aerospace Valves Market Revenue Share, By Valves, 2019 & 2026
FIG. 14 Global Aerospace Valves Market for Aerospace Water and Waste System Valves, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Aerospace Valves Market for Aerospace Lubrication System Valves, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Aerospace Valves Market for Aerospace Pneumatic System Valves, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Aerospace Valves Market for Aerospace Ice & Rain System Valves, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Aerospace Valves Market for Aerospace Air Conditioning System Valves, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Aerospace Valves Market for Aerospace Hydraulic System Valves, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Aerospace Valves Market for Aerospace Fuel System Valves, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Aerospace Valves Market Revenue Share, By End-User, 2019 & 2026
FIG. 22 Global Aerospace Valves Market for Original Equipment Manufacturer, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Aerospace Valves Market for Aftermarket, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Aerospace Valves Market Revenue Share, By Material, 2019 & 2026
FIG. 25 Global Aerospace Valves Market for Titanium, Revenue (USD Million) 2016 - 2026
FIG. 26 Global Aerospace Valves Market for Aluminium, Revenue (USD Million) 2016 - 2026
FIG. 27 Global Aerospace Valves Market for Corrosion Resistant Steel, Revenue (USD Million) 2016 - 2026
FIG. 28 Global Aerospace Valves Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Aerospace Valves Market Revenue Share, By Mechanism, 2019 & 2026
FIG. 30 Global Aerospace Valves Market for Ball & Plug Valves, Revenue (USD Million) 2016 - 2026
FIG. 31 Global Aerospace Valves Market for Flapper-Nozzle Valves, Revenue (USD Million) 2016 - 2026
FIG. 32 Global Aerospace Valves Market for Pilot Valves, Revenue (USD Million) 2016 - 2026
FIG. 33 Global Aerospace Valves Market for Poppet Valves, Revenue (USD Million) 2016 - 2026
FIG. 34 Global Aerospace Valves Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 35 Global Aerospace Valves Market Revenue Share, By Aviation, 2019 & 2026
FIG. 36 Global Aerospace Valves Market for Business and General Aviation, Revenue (USD Million) 2016 - 2026
FIG. 37 Global Aerospace Valves Market for Military Aviation, Revenue (USD Million) 2016 - 2026
FIG. 38 Global Aerospace Valves Market for Commercial Aviation, Revenue (USD Million) 2016 - 2026
FIG. 39 Global Aerospace Valves Market Revenue Share, by Region, 2019 & 2026
FIG. 40 North America Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 41 Europe Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 42 Asia Pacific Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 43 Latin America Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 44 The Middle-East and Africa Aerospace Valves Market Revenue, 2016 - 2026 (USD Million)
FIG. 45 Zodiac Aerospace Business Segment Revenue Share, 2018 (%)
FIG. 46 Zodiac Aerospace Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Aerospace Valves Market: Snapshot
TABLE 2 Drivers of the Aerospace Valves Market: Impact Analysis
TABLE 3 Restraints for the Aerospace Valves Market: Impact Analysis
TABLE 4 Global Aerospace Valves Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Aerospace Valves Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Aerospace Valves Market Revenue, By Valves, 2016 – 2026 (USD Million)
TABLE 7 North America Aerospace Valves Market Revenue, By End-User, 2016 – 2026 (USD Million)
TABLE 8 North America Aerospace Valves Market Revenue, By Material, 2016 – 2026 (USD Million)
TABLE 9 North America Aerospace Valves Market Revenue, By Mechanism, 2016 – 2026 (USD Million)
TABLE 10 North America Aerospace Valves Market Revenue, By Aviation, 2016 – 2026 (USD Million)
TABLE 11 Europe Aerospace Valves Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 12 Europe Aerospace Valves Market Revenue, By Valves, 2016 – 2026 (USD Million)
TABLE 13 Europe Aerospace Valves Market Revenue, By End-User, 2016 – 2026 (USD Million)
TABLE 14 Europe Aerospace Valves Market Revenue, By Material, 2016 – 2026 (USD Million)
TABLE 15 Europe Aerospace Valves Market Revenue, By Mechanism, 2016 – 2026 (USD Million)
TABLE 16 Europe Aerospace Valves Market Revenue, By Aviation, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Aerospace Valves Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Aerospace Valves Market Revenue, By Valves, 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Aerospace Valves Market Revenue, By End-User, 2016 – 2026 (USD Million)
TABLE 20 Asia Pacific Aerospace Valves Market Revenue, By Material, 2016 – 2026 (USD Million)
TABLE 21 Asia Pacific Aerospace Valves Market Revenue, By Mechanism, 2016 – 2026 (USD Million)
TABLE 22 Asia Pacific Aerospace Valves Market Revenue, By Aviation, 2016 – 2026 (USD Million)
TABLE 23 Latin America Aerospace Valves Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 24 Latin America Aerospace Valves Market Revenue, By Valves, 2016 – 2026 (USD Million)
TABLE 25 Latin America Aerospace Valves Market Revenue, By End-User, 2016 – 2026 (USD Million)
TABLE 26 Latin America Aerospace Valves Market Revenue, By Material, 2016 – 2026 (USD Million)
TABLE 27 Latin America Aerospace Valves Market Revenue, By Mechanism, 2016 – 2026 (USD Million)
TABLE 28 Latin America Aerospace Valves Market Revenue, By Aviation, 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Aerospace Valves Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 30 The Middle-East and Africa Aerospace Valves Market Revenue, By Valves, 2016 – 2026 (USD Million)
TABLE 31 The Middle-East and Africa Aerospace Valves Market Revenue, By End-User, 2016 – 2026 (USD Million)
TABLE 32 The Middle-East and Africa Aerospace Valves Market Revenue, By Material, 2016 – 2026 (USD Million)
TABLE 33 The Middle-East and Africa Aerospace Valves Market Revenue, By Mechanism, 2016 – 2026 (USD Million)
TABLE 34 The Middle-East and Africa Aerospace Valves Market Revenue, By Aviation, 2016 – 2026 (USD Million)
The major growth driver in the global aerospace valves market is the rising number of aircraft orders. Shorter aerospace valves replacement cycles is another key factor likely to drive this market over the forecast time period.
According to Zion Market Research, global demand for aerospace valves market is expected to generate revenue of around USD 7.8 Million by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.
The Asia Pacific region is likely to register the fastest rate of growth in the aerospace valves market over the estimated time period. This can be attributed to the growing passenger traffic and the rising number of flight hours.
Some main participants of the aerospace valves market are Zodiac Aerospace, Crane Aerospace, Eaton, Honeywell, Moog, Liebherr, Parker Hannifin, ITT Aerospace Controls, Porvair, Crissair, Circor International, Dynex/Rivett, Meggitt, Lakshmi Technology and Engineering, Woodward, Valcor Engineering, United Technologies, Triumph Group, Sitec Aerospace, Precision Fluid Controls, Marotta Controls, Ram Company, Nutek Aerospace Corporation, and AeroControlex, among others.
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