Press release
Aircraft Pumps Market Growth, Trends, Size, Share, Forecast to 2033
Aircraft Pumps Market
Aircraft Pumps Market Growth: Commercial Aviation and Modernization Astride High CAGR Propel Profits
What Is The Projected Market Size Of The Global Aircraft Pumps Market And Its Growth Rate?
• The rapid growth of the aircraft pumps market has taken its size from $4.06 billion in 2024 to an expected $4.48 billion in 2025, with a CAGR of 10.3%. This growth is driven by factors such as commercial aviation growth, military aircraft modernization, safety regulations, and emerging markets.
• The market size is anticipated to further expand to $6.4 billion by 2029 with a CAGR of 9.4%. This growth will be spurred by factors such as electric aircraft development, air travel recovery, increasing defense budgets, trade, geopolitical influences, and rising tourism activities.
What Is Driving The Growth In The Aircraft Pumps Market?
Increase in air passenger traffic is a key driver for the aircraft pumps market. Economic factors such as rising GDP, disposable income, and living standards spark a surge in air travel, both business, and leisure, leading to a demand rise for aircrafts. Aircraft pumps ensure the proper flow of fluids and gases necessary for aircraft functioning. A recent report by the International Civil Aviation Organization (ICAO) recorded a 65% increase in air passengers from January to April 2022, compared to a year prior. This surge in global air passengers and resulting air travel is expected to propel growth in the aircraft pumps market.
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Who Are the Key Players Driving Aircraft Pumps Market Growth?
Major players in the aircraft pumps market include
• Eaton Corporation plc
• Parker Hannifin Corporation
• Woodward Inc.
• Honeywell International Inc.
• Crissair Inc.
• Triumph Group Inc.
• Moog Inc.
• Arkwin Industries Inc.
What Are The Key Trends In The Aircraft Pumps Market?
Key market trends include:
• Lightweight materials and design
• Sustainable and green technologies
• Digitalization and IoT integration
• Increased reliability and redundancy
• Pump health monitoring
What Are The Segments Of The Global Aircraft Pumps Market?
The aircraft pumps market is segmented by:
• Type: Hydraulic Pumps, Fuel Pumps, Lube and Scavenge Pumps, Water and Wastewater Pumps, Air Conditioning and Cooling Pumps
• Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
• Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
• Pressure: Up to 350 PSI, Between 350 - 1,500 PSI, Between 1,500 - 3,000 PSI, Above 3000 PSI
• End User: OEM, Aftermarket
Which Region Leads The Aircraft Pumps Market?
North America held the largest market share in the aircraft pumps market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The report covers insights from regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Pumps Market Global Market Report?
- Market Size Analysis: Analyze Aircraft Pumps Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Pumps Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Pumps Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Pumps Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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