Anticipating A Surge In Demand, The Market Players Gearing Up For Significant Expansion Of Aerospace Valves Market Size || Safran, Parker Hannifin Corporation, Meggitt PLC, Crissair Inc., Sitec Aerospace GmbH

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Aerospace Valves Market Size, Growth Rate, And Forecast

The global aerospace valves market size grew from $10.77 billion in 2022 to $11.17 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace valves market size is expected to grow to $12.74 billion in 2027 at a CAGR of 3.3%.

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Aerospace Valves Market Drivers

The increasing global commercial aircraft fleet is expected to propel the aerospace valves market. The growing number of air passengers has widely increased the acquisition of commercial aircraft across the globe. The increasing acquisition of new aircraft by aerospace transport companies across the globe is expected to boost demand for aerospace valves, as they are a vital component in the majority of critical infrastructure across the aircraft. For instance, In June 2021, United Airlines, a US-based airline company, planned to order 270 aeroplanes for the post-COVID growth plan. And In May 2021, Airbus, an aerospace company, announced that it would increase the production of its A320 planes. Therefore, the increase in the global commercial aircraft fleet is expected to boost demand for aerospace valves during the forecast period.

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Aerospace Valves Market Segments

• By Type: Butterfly Valves, Rotary Valves, Solenoid Valves, Flapper-nozzle Valves, Poppet Valves, Gate Valves, Ball Valves, Other Types

• By Material: Stainless Steel, Titanium, Aluminum, Other Materials

• By Application: Fuel System, Hydraulic System, Environmental Control System, Pneumatic System, Lubrication System, Water & Wastewater System

• By End Use: OEM, Aftermarket

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aerospace valves market.

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Aerospace Valves Market Key Players
Major competitors in the aerospace valves market are Safran, Parker Hannifin Corporation, Meggitt PLC, Crissair Inc., Sitec Aerospace GmbH, CIRCOR International Inc., Liebherr, Eaton Corporation PLC, Moog Inc., Honeywell International Inc., ITT Aerospace Controls, Valcor Engineering Corporation.

The Business Research Company's "Global Aerospace Valves Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Aerospace Valves Market Include:
1. Executive Summary
2. Aerospace Valves Market Characteristics
3. Aerospace Valves Market Trends And Strategies
4. Aerospace Valves Market - Macro Economic Scenario
5. Aerospace Valves Market Size And Growth
………………
27. Aerospace Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Valves Market
29. Aerospace Valves Market Future Outlook and Potential Analysis
30. Appendix

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