Aircraft Valves Market estimated to grow at a CAGR of 5.6% in the forecast period (2019-2024)

The report on the Aircraft Valves Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Valves Market is expected to inflate at a CAGR of 5.6% by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
• by System Type (Fuel System Valves, Hydraulic System Valves, and Others) – Hydraulic system valves leads the market.
● by Mechanism Type (Poppet Valves, Pilot Operated Valves, and Others) – Poppet valve to be the growth engine of the market.
● by Material Type (Titanium Valves, Aluminum Valves, and Others)
● by Aircraft Type (Commercial aircraft, military aircraft, and Others) – Commercial aircraft to remain the growth engine of the market.
● by End-user Type (OE and aftermarket)- OE segment to remain the largest segment of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/432/Aircraft-Valves-Market.html

Highlights of the Report:
Based on the valve type, the market is segmented as fuel system valves, hydraulic system valves, air conditioning valves, ice & rain protection system valves, pneumatic system valves, water & waste system valves, and lubrication system valves. Hydraulic system valves are estimated to lead the market in the coming five years, owing to increasing commercial aircraft deliveries and increasing aircraft fleet size.

Boeing and Airbus had a combined total order backlog of 13,129 commercial aircraft at the end of 2017. Both OEMs are increasing production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients in a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. This trend is imprinting a positive impact on the demand for all types of valves including hydraulic system valves.

Based on the aircraft type, the market is segmented as commercial aircraft, general aviation, and military aircraft. Commercial aircraft includes narrow-body aircraft, wide-body aircraft, very large body aircraft, and regional aircraft. General aviation includes business jets, piston aircraft, and business helicopters, whereas military aircraft includes fighter and transporter aircraft, and military helicopters. Commercial aircraft is likely to remain the growth engine of the market over the next five years. The aircraft segment is also likely to witness the highest growth during the same period.

Based on the mechanism type, the market is segmented as poppet valves, pilot valves, flapper-nozzle valves, ball & plug valves, baffle valves, and others. The poppet valve is likely to be the growth engine of the market over the next five years, driven by its usages in managing, controlling, and discharging fluids across the systems used in an aircraft coupled with its low lifespan.

Based on the end-user type, the market has been segmented as OE and aftermarket. The OE-sales segment is likely to remain the larger segment of the market over the next five years, driven by a continuous increase in the deliveries of the commercial aircraft. The aftermarket segment is going to depict a higher growth in the coming five years, owing to the upsurge in passenger air traffic, which leads to extended flight hours leading to short replacement cycles. Valves need to be replaced more frequently in the aircraft due to low lifespan usually 3 to 5 years, depending upon applications, valve types, material, etc.

In terms of regions, North America is expected to remain the largest market for aircraft valves during the forecast period. The region is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, aircraft valve manufacturers, distributors, and raw material suppliers. The region is the early innovator and introduces the latest technologies addressing the existing as well as future requirements then these technologies are gradually transmitted to other parts of the world like China and India.

Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for aircraft valves in these countries in the coming years. The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for valves in the aircraft industry in the region.

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Key Players of the Market
Some of the major aircraft valve manufacturers are Honeywell International Inc., Parker Hannifin Corporation, Eaton Corporation Plc, Woodward, Inc., Zodiac Aerospace, Triumph Group, Inc., Crissair, Inc., ITT Aerospace Controls, The Liebherr Group, United Technologies Corporation, Meggitt PLC, Circor International, Inc., and Crane Aerospace & Electronics. Execution of M&A activities, aircraft OEMs push to develop valves indigenously, regional expansion, and formation of long-term contracts are some of the major trends shaping the competitive landscapes of the market.

Features of the Report
The Report discusses about the working of the airbags, the various types, and the growth of the airbags in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.