Aerospace Filters Market Outlook to 2027 - Amphenol Aerospace, Camfil, Swift Filters, Norman Filter Company, Fluid Conditioning Products, Champion Aerospace, LORD Corporation, NUCON Aerospace, Filtration Corporation of America, VACCO, Av-Tech
The global aerospace filters market accounted to US$ 1.05 Billion in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 - 2027, to account to US$ 2.03 Billion by 2027.North America and the Asia Pacific were the leading regions geographically where it is anticipated that the APAC region would be the highest revenue contributor at the end of the forecast period by 2027. The constantly rising passenger air traffic has created huge demands for additions of commercial aircraft carriers in the APAC region and thus propel the growth of aerospace filters market in the region.
Key Benefits-
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Aerospace Filters Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
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Market Insights: A prominent increase in the number of commercial aircraft to create opportunities for aerospace filters
The global aviation sector is witnessing a huge demand for modern aircrafts in both commercial as well as military aviation. Attributing to the fact that, the disposable income in the developing countries is increasing substantially, the need for air travel is also increasing at the same pace. On a global scenario, commercial air traffic is foreseen to maintain constant growth over the period, despite various challenges faced by commercial airlines. However, the challenges are succeeded by the rise in passenger numbers across the globe. The low-cost carriers (LCC) in the developed economies as well as developing economies are turning the revolution by offering low fare business models which are increasing the demand for air travel among the upper middle class and middle-class society of developing nations. India is expected to replace the United Kingdom, to become the third largest commercial air carriers in the world. This factor would generate opportunities in the aerospace filters market significantly.
Leading Key Players in Aerospace Filters Market:
1. VACCO Industries (ESCO Technologies Inc.)
2. Becker & Associates
3. Av-Tech Industries
4. General Ecology, Inc.
5. The Filter Shop, Inc.
6. Industrial filter & pump mfg. Co.
7. SmartFlow Technologies Inc.
8. Ejay Filtration Inc.
9. Precision Filtration Products
10. Hy-Lok USA, Inc.
11. Apcfilters
12. FILPRO Corporation
13. AHLSTROM-MUNKSJÖ
14. MANN+HUMMEL
15. Pentair Plc
16. Cummins Filtration
Environmental regulations on reducing carbon footprints and the need for regular maintenance of aircraft components would drive adoptions:
The global market for aerospace filters is estimated to witness immense growth opportunities in the aftermarket owing to the limited life span of the filters. It is recommended that the oil filters need to be replaced in about 1 to 3 years. In case these are not replaced, the contaminants might enter the components of the aircraft and may cause critical damage. The effective filtration in aircraft is imperative to assure that all the systems are free from the contaminants and can ensure reliability, safety, durability, and cost-effectiveness under challenging situations.
Segment by Type Insights:
The global aerospace filters market by type is segmented into air filter, liquid filter, and gas filter. These aircraft filters are consistently witnessing significant demand from the entire ecosystem, i.e. aircraft manufacturers, aircraft engine manufacturers, as well as the maintenance, repair & overhaul companies. The air filter market is expected to grow in the coming years owing to the improvements being focused on to treat volatile organic compounds (VOC) and other odors in the cabin. Demand for lightweight engine components is also enhancing the engine air filters market.
Segment by Application Insights:
The global aerospace filters market is categorized based on different application such as hydraulic system, engine, avionics, and cabin among others. The filtration of air and liquids in these areas are crucial for an aircraft’s smooth operation. Unusual cabin air atmosphere has resulted in various incidents of diverting the aircraft to the nearest airport, illness, and other situations. These instances have raised concerns related to sustainable cabin air demands. The increasing demand from passengers and crews to ensure better quality cabin air is driving the cabin air filters market, which is facilitating the growth of aerospace filters market.
Segment By Aircraft Type Insights:
The global aerospace filters market is bifurcated based on aircraft type as fixed-wing aircraft and rotary wing aircraft. Since the past decade, the global aviation sector is witnessing tremendous growth both in terms of volume and revenues. This has resulted in significantly increase in several aircraft. In the current aviation scenario, the number of fixed-wing aircraft are much higher than rotary wing aircraft. Commercial aviation is continuously witnessing strong growth, and the escalation trajectory trend in terms of volume and revenues are constantly uprising. This trend is anticipated to continue over the next decade, which showcases the surging demand for fixed-wing aircraft.
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Segment By End-User Insights:
The global aerospace filters market is segmented based on end users as commercial and military. Due to the remarkable growth in several commercial aircraft deliveries, majorly fixed-wing aircraft, the procurement of aircraft filters are also growing. The constantly rising number of commercial aircraft orders both rotary and fixed wing, is facilitating the aircraft filter manufacturers to increase their production of different filters which is showcasing the growth trajectory of aerospace filters market in the current scenario. The commercial aircraft manufacturers are consistently looking for advanced technologies, which is anticipated to drive the market for aerospace filters in the coming years.
Strategic Insights:
New market initiatives were observed as the most adopted strategy in global aerospace filters market. Few of the recent market initiatives are listed below:
2019: Aerometals has declared about a developmental program to certify the engine inlet barrier filter system for Airbus H225 transport category helicopter. Aerometals and Safran Helicopter Engines have signed a cooperative agreement to bring next-generation IBF (inlet barrier filter).
2019: GKN Fokker in the roll-out ceremony of the first Dutch F-35, had entered into an agreement with the Pratt & Whitney for production of advanced composite parts for the F135 engine. The manufacturing would be carried out in GKN Fokker’s facility located in Hoogeveen, the Netherlands.
2018: Freudenberg Filtration Technologies has signed a contract to buy major shareholdings of the Apollo Air-cleaner Co., Ltd. in China. Through this contract, the company would aim to strengthen its filter business in China market.
GLOBAL AEROSPACE FILTERS - MARKET SEGMENTATION
Global Aerospace filters market – By Type
• Air Filter
• Liquid Filter
• Gas Filter
Global Aerospace filters market – By Application
• Hydraulic System
• Engine
• Avionics
• Cabin
Global Aerospace filters market – By Aircraft Type
• Fixed Wing Aircraft
• Rotary Wing Aircraft
Global Aerospace filters market – By End-User
• Commercial
• Military
Global Aerospace filters market – By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Russia
o UK
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o China
o India
o Australia
o Japan
o Rest of Asia Pacific
• Middle East and Africa (MEA)
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
• South America
o Brazil
o Argentina
o Rest of South America (SAM)
Why to Buy this research report:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Aerospace Filters Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Aerospace Filters Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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