Aircraft Pneumatic Valves Market Set to Reach US$ 1.4 Billion by 2028, Reports Stratview Research

Stratview Research, a leading global market research firm, forecasts that the global aircraft pneumatic valves market will grow at an annual rate of 10.0%, reaching US$ 1.4 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.

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Key Report Highlights:
• Market Size by 2028: US$ 1.4 billion
• Growth Rate (CAGR): 10.0% (2023-2028)
• Forecast Period: 2023-2028
• Trend Period: 2017-2021
• Base Year: 2022
• Segments Covered: 5
• Number of Tables & Graphs: 100+

The report serves as a comprehensive decision-making tool for key stakeholders such as CXOs, business strategists, and investors, offering:
• Strategic Clarity: Insights into market trends, growth opportunities, and emerging challenges to streamline business strategies.
• Competitive Intelligence: Analysis of top players, their market positioning, and innovative strategies driving their success.
Future Readiness: A detailed outlook on evolving market dynamics, technological advancements, and industry disruptions.

Segment Insights on the Aircraft Pneumatic Valves Market:
The report dives deep into the segmentation of the aircraft pneumatic valves market based on critical parameters:

• By Aircraft Type: The market is segmented into commercial aircraft, general aviation, business aircraft, military aircraft, helicopters, and UAVs. Commercial aircraft are expected to remain the biggest demand generator for the valves market with a share of more than 55% in 2022. 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.

• By Material Type: The market is segmented into titanium, aluminum, and others. Titanium is expected to remain the dominant material type in the market with a share of more than 70% in 2022. 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 materials, such as stainless steel, are also used in the development of aerospace pneumatic valves.

• By Application Type: The market is segmented into engines; landing gears, wheels, and brakes; environmental control systems; flight control, and air conditioning. Engine is expected to remain the major demand generator for pneumatic valves market with a share of more than 35% in 2022. Engine requires pneumatic systems for a wide range of purposes from starting the aircraft to power transmission within the aircraft, controlling the flow of air from the turbine, and passing it to other parts of the aircraft. CFM (Safran/GE JV) delivered 1,136 LEAP engines (certified for A320neo, B737Max, and C919) in 2022 and has set a target to deliver 1,300 engines in the year 2023, despite supply chain disruption. Availability of critical raw materials paired by inflation and labor shortage remain major hurdles before engine makers achieve their targets.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?
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.
North America is estimated to maintain its dominance in the aircraft pneumatic valves market with a share of more than 40% in 2022. All the major valve producers, such as Parker-Hannifin Corp. (Parker Aerospace), Honeywell International Inc., Eaton Corporation plc, GE Company, and Woodward Inc., 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.

Aircraft Pneumatic Valves Market Drivers:
The growth of the aircraft pneumatic valves market is driven by a combination of macroeconomic factors, evolving industry needs, and technological innovation. Companies are recognizing the need to adapt to shifting market dynamics and are increasingly investing in research, product development, and strategic alliances to maintain their market edge.
Some of the key factors producing measurable change in the market dynamics are as follows:
• Boeing and Airbus are raising the production rates of their key programs.
• Increasing use of electric valves in modern aircraft.
• Fervent efforts toward developing electric aircraft as the companies are focusing more on servo-hydraulic and servo-pneumatic valves.

Top Companies in the Aircraft Pneumatic Valves Market:
The report profiles prominent companies operating in the aircraft pneumatic valves market, providing detailed insights into their market positioning, key strategies, and competitive advantages. Listed below are some of the key players.
• Parker Hannifin Corp.
• Honeywell International Inc.
• Transdigm Group Inc.
• Liebherr Group
• Woodward Inc.
• General Electric Company
• Safran S.A.
• Raytheon Technologies Corporation
• Eaton Corporation plc
• Rolls-Royce plc

What Unique Insights Does This Report Offer?
This comprehensive report also answers the following critical questions:
• What is the projected market size and growth potential?
• Which regions and segments are most lucrative for investment?
• Who are the major players, and what are their strategies?
• What challenges and opportunities exist in the market?
• What key trends are shaping the market's future?

For Customization or Any Other Queries, get in Touch with Our Industry Experts at: sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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