Aerospace Accumulator Market 2018 Key Players are Eaton Corporation, Woodward, Senior Aerospace, Haydac Technologies, APPH Group, Triumph Group, Parker Hannifin, Valcor Engineering
Global Aerospace Accumulator Market to grow significantly owing to increasing demand of commercial & general aviation, military aircrafts and helicopter. Frequent air travelers across the globe creates huge demand for fleet expansion. New aircrafts programs by Boeing and Airbus will fuel the aerospace accumulator market share during forecast period.
Based on application, industry is categorized into flight controls, thrust reverser, landing gears and braking system. Aerospace accumulator market requirement varies as per size, specific volume, pressure and temperature applications. Landing gears hold significant share due to high product requirements. Accumulators are preferred to dampen the pressure released to supply extra power in hydraulic systems of landing gears.
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Increasing use of high performance materials which offer various benefits such as weight reduction and low maintenance cost will support the industry growth. Design complexity and high production cost of the component limits the aerospace accumulator market growth. Accumulator system container has fully charged gas and highly pressurized fluid inside to dampen pressure released in hydraulic system. High pressurized fluid can lead to internal or external leakages. Product designing should be given utmost importance to avoid dysfunctionality. Moreover, dependence on selected vendors by aircraft manufacturers for product procurement and supply pose the challenge before new entrants.
Top Key Players:-
The key players of global Aerospace Accumulator Market are Eaton Corporation, Woodward, Senior Aerospace, Haydac Technologies, APPH Group, Triumph Group, Parker Hannifin and Valcor Engineering.
North America will dominate aerospace accumulator market during the forecast timeframe owing to strong presence of manufacturers and highest number of international passenger fleets in the region. Airbus & Boeing are two major aircraft companies annually deliver more than 1000 aircraft worldwide. There are more than 26,500 average daily scheduled passenger flights and airline companies are adding more numbers of aircraft to cater increasing demand.
Asia Pacific is expected to witness significant growth due to increasing air traffic. Increasing disposable income and affordable flight fare is stimulating general & commercial aviation. Increase in frequent travelers and surge in demand of commercial aircraft is expected to boost aerospace accumulator market share during forecast period.
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Based on aircraft, industry is segmented in to commercial, regional aircraft, general aviation, helicopter & military aircrafts. The commercial aircrafts hold major share in aerospace accumulator market owing escalating commercial aviation industry. There are more than 29,000 commercial aircraft globally including regional and business jets. Commercial aircraft transport around 3.8 trillion passengers annually. Increasing trend of fleet expansion and upgradation by airline companies will support the revenue generation during forecast period.
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