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A prominent increase in the number of commercial aircraft to create opportunities for aerospace filters

12-10-2019 11:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Aerospace Filters Market

Aerospace Filters Market

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.

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The key companies operating in the field of aerospace filters market that are profiled in the report include Donaldson Company, Inc., Eaton Filtration, Freudenberg Group, GKN Aerospace, Hollingsworth & Vose, Pall Corporation, Parker Hannifin Corp., Porvair plc, Recco Filters, Ltd., and Safran Filtration Systems among others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

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.

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.

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.

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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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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