Aircraft Hydraulic Valves Market is Forecasted to Reach US$ 2.7 billion in 2028, Says Stratview Research

The global aircraft hydraulic valves market is projected to witness a growth rate of 9.5% annually from 2023 to 2028, with an anticipated size of US$ 2.7 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft hydraulic valves market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 2.7 billion
Growth (CAGR): 9.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Hydraulic Valves Market:
The global aircraft hydraulic valves market is segmented based on material type, application type, aircraft type, end-user type, and region.

Based on material type - the aircraft hydraulic valve market is segmented into titanium, aluminum, and others. Throughout the forecast period, titanium is anticipated to continue to be the market's leading material type. Titanium and its alloys are used in valves because of their low weight, high strength (high specific strength), and heat protection characteristics. Amid the Russo-Ukrainian war, there has been a sharp increase in the price of materials, especially titanium alloys. Both airframers, Boeing and Airbus, are working hard to develop alternate titanium suppliers after the ban on imports from Russia. Russia is the powerhouse of titanium production. Other preferred materials for manufacturing hydraulic valves include steel and aluminum.

Based on the application type - the market is segmented into engines, landing gears, wheels and brakes, environmental control systems, flight control, air conditioning, and others. Flight control is expected to remain the dominant as well as the faster-growing application type in the market during the forecast period. Flight control is one of the major and largest systems present in the aircraft with too many moving bodies that require more valves to operate compared to other systems. These moving components are present all over the aircraft. Currently, the use of servo-hydraulic valves is growing in the market.

Based on the aircraft type - the market is segmented as commercial aircraft, general aviation, business aircraft, military aircraft, helicopter, and UAVs. Commercial aircraft is likely to remain the biggest demand generator for hydraulic valves in the foreseeable future. After a significant drop in commercial aircraft production amid the pandemic, all major airframers, especially Boeing and Airbus, are raising the production rates of their key programs. Supply chain disruption, labor shortage, inflation, etc. remain a big challenge before airframers achieve their targets. In its latest commercial aircraft outlook, Boeing anticipated that approximately 41,170 commercial and regional aircraft will likely be delivered in the next twenty years, suggesting a sustainable demand for all types of vales in the long term.

Based on the end-user type - the market is segmented into OE and aftermarket. OE is expected to remain the dominant as well as the faster-growing end-user type in the market during the forecast period. During the flight, aircraft valves must function properly, which frequently leads to component wear and tear. Flight hours of fleets have exponentially grown as a result of the rise in aviation travel across areas. The number of days an airplane is in service and the number of flying hours directly affect the replacement cycle of aerospace valves. In addition, there are no repairs or upkeep tests performed on aerospace valves; they are replaced.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3305/aircraft-hydraulic-valves-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to maintain its dominance in the aircraft hydraulic valve market in the foreseeable future. This growth outlook is majorly attributed to the following-
- All the major valve producers like Parker-Hannifin Corp. (Parker Aerospace), Honeywell International Inc., and Eaton Corporation plc have a strong presence in the region.
- Airframers, like Boeing, Airbus, Bombardier, and Lockheed Martin, contribute a substantial share of the region's market.
- The assembly plants of engines and aircraft and technological developments in valve technologies mainly drive the demand in this area.
- Asia-Pacific is expected to remain the fastest-growing market during the forecast period. China, Japan, Singapore, and India are the leading markets in Asia-Pacific.
- As per Boeing's latest commercial aircraft outlook, approximately 17,000 aircraft are likely to be delivered in the Asia-Pacific region out of which 8,500 will be in China only.
- India is likely to add about 2,400 aircraft in the next twenty years.

Aircraft Hydraulic Valves Market Drivers:

Some of the key drivers listed in the report are given below.
- The growth of the market are rebounding commercial aircraft production, aging aircraft fleet size, increasing use of electric valves in modern aircraft, and fervent efforts toward developing electric aircraft.

Top Companies in the Aircraft Hydraulic Valves Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Parker-Hannifin Corp.
• Honeywell International Inc.
• Liebherr Group
• Eaton Corporation plc
• Safran S.A.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Hydraulic Valves Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.