Press release
Aircraft Filters Market Set for Growth: 4.3% CAGR to Drive Valuation to US$ 1,040.4 Million by 2028
The aircraft filters market was estimated to be worth USD 823.4 million in 2020. The market is anticipated to register a compound annual growth rate (CAGR) of 4.3%, reaching USD 1040.4 million by 2028.Report Scope:
The report primarily focuses on recent advancements, leading firms in the industry, market share, revenue produced, and regional information to provide a detailed overview of the aircraft filters market.
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What Are Aircraft Filters?
Aircraft filters are designed to keep the air, fuel, water, and other systems in an aircraft clean and safe. They are used in a variety of systems, including the air conditioning system, fuel system, and hydraulic system. Filters are designed to protect the aircraft and its occupants from damage, pollutants, and airborne chemicals. They ensure a healthy environment for passengers and crew by filtering out nearly 99.97% of airborne particles. This process involves circulating cabin air through the filter system, usually with a complete air exchange occurring every few minutes during flight. Most commercial aircraft utilize HEPA filters, which are highly efficient at capturing even very small particles.
Growth Drivers and Opportunities:
• The increasing need for fuel filtration and refueling filter products is a significant factor driving the growth of the market.
• The rising emphasis on cabin safety and air quality by airlines, along with the frequent filter replacement cycle and growing air passenger numbers, is driving market expansion.
• Strong industry fundamentals, including a significant number of backlog orders and anticipated recovery in global air passenger and cargo traffic, guarantee market expansion.
• The rising market demand for a secure, healthy, and pleasant atmosphere in the cabin for passengers and crew is driving market expansion for aircraft filters.
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Key Players in Market:
Leading companies in aircraft filters use a variety of tactics to obtain a competitive edge in the market, such as long-term contract formation, mergers and acquisitions, and new product development. A few of the key players in the market are:
• Aerospace Systems & Components
• Arrowprop Co Inc
• Camfil
• Donaldson Inc.
• Eaton Corporation Plc
• Filtration Group
• Fluid Conditioning Products Inc.
• Freudenberg & Co. KG
• HFE International LLC
• Hollingsworth & Vose
• Honeywell International Inc.
• Pall Corporation
• Parker Hannifin Corporation
• Porvair plc
• PTI Technologies
• Rapco Inc.
• Recco Products
• Safran Group
• Sky Power Gmbh
• Swift Filters Inc.
• and Tempest Plus.
Regional Analysis:
North America will maintain its significant dominance in the global aircraft filters market, fueled by its proactive initiatives to enhance cabin air quality and strict regulations for the health and safety of passengers and crew enforced by authorities like the FAA (Federal Aviation Administration).
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Segmental Overview:
Aircraft Filters Market, Aircraft Type Outlook (Revenue, USD Billion, 2016 - 2028)
• Narrow-body
• Wide-body
• Regional
• General Aviation
• Helicopter
• Military
Aircraft Filters Market, Product Outlook (Revenue, USD Billion, 2016 - 2028)
• Fluid
• Air
Aircraft Filters Market, Application Outlook (Revenue, USD Billion, 2016 - 2028)
• Cabin
• Engine
• Hydraulics
• Avionics
• Others
Aircraft Filters Market, End-Use Outlook (Revenue, USD Billion, 2016 - 2028)
• OEM
• Aftermarket
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