Aircraft Pumps Industry to Achieve $6.29 Billion Growth by 2029

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How Will the Aircraft Pumps Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been substantial growth observed in the market size of aircraft pumps. The market which was valued at $4.06 billion in 2024 is anticipated to expand to $4.45 billion in 2025, accounting for a Compound Annual Growth Rate (CAGR) of 9.7%. The surge witnessed in the previous years can be traced back to the growth in commercial aviation sector, modernization of military aircraft, aging aircraft fleet, stringent aircraft safety regulations and the development in emerging markets.

What Are the Estimated Growth Rates for the Aircraft Pumps Industry Through 2029?
The size of the aircraft pumps market is predicted to experience significant expansion in the coming years, reaching a value of $6.29 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.0%. Factors contributing to this growth during the forecast period include the progress in electric aircraft technology, the resurgence of air travel, increased defense budgets, trade and geopolitical influences, and a spike in tourism activities. Key trends anticipated throughout this period encompass the use of lightweight materials and designs, the rise of sustainable and eco-friendly technologies, integration of digitalization and IoT, enhanced reliability and redundancy, along with monitoring of pump health.

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What Are the Strategic Drivers Boosting Aircraft Pumps Market Performance?
The growth of the aircraft pumps market will be fuelled by a surge in air passenger traffic. The rise in the number of air passengers can be attributed to an increase in GDP, disposable income and improved living standards. The extended lockdown periods brought about by the COVID-19 pandemic have also resulted in an increase in both business and leisure travel. As more people turn to air travel, so does the demand for aircraft. Aircraft pumps, essential for the transmission of fluids and gases that ensure the aircraft operates efficiently, will therefore also see a rise in demand. A May 2022 report from the International Civil Aviation Organization (ICAO), a UN agency and worldwide forum for civil aviation, observed a 65% increase in passengers travelling by air between January and April 2022 compared to the same period in 2021, while aircraft flight departures increased by 30%. This surge in both air passengers and air travel will ultimately facilitate growth in the aircraft pumps market.

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What Are the Segments in the Aircraft Pumps Market?
The aircraft pumps market covered in this report is segmented -

1) By Type: Hydraulic Pumps, Fuel Pumps, Lube And Scavenge Pumps, Water And Wastewater Pumps, Air conditioning And Cooling Pumps
2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
4) By Pressure: Up to 350 Pounds per Square Inch (PSI), Between 350 - 1,500 Pounds per Square Inch (PSI), Between 1,500 - 3,000 Pounds per Square Inch (PSI), Above 3000 Pounds per Square Inch (PSI)
5) By End User: OEM, Aftermarket

Subsegments:
1) By Hydraulic Pumps: Gear Pumps, Piston Pumps, Vane Pumps
2) By Electromechanical Pumps: Fuel Pumps, Engine-Driven Fuel Pumps, Electric Fuel Pumps, Boost Pumps, Transfer Pumps, Lube and Scavenge Pumps
3) By Lube and Scavenge Pumps: Lubrication Pumps, Scavenge Pumps, Dry Sump Pumps
4) By Water and Wastewater Pumps: Freshwater Pumps, Wastewater Pumps, Water Transfer Pumps
5) By Air Conditioning and Cooling Pumps: Recirculation Pumps, Refrigerant Pumps, Coolant Pumps

What Are the Key Adoption Trends in the Aircraft Pumps Market?
The trend of partnerships and collaboration is playing a pivotal role in the aircraft pumps industry. Companies are forging partnerships with aircraft pump manufacturers to broaden their reach and utilize each other's strengths. An example of this was seen in August 2023, when Parker Aerospace, a firm based in the US that specializes in manufacturing flight control systems and hydraulic pumps, declared a five-year contract with the U.S army. This significant five-year contract entails overhaul and upgrade of the hydraulic pumps and flight control systems used in helicopters. The agreement further extends to cover supply chain management, engineering assistance, and on-site support at Corpus Christi Army Depot in Texas.

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Which Companies Lead the Competitive Landscape of the Aircraft Pumps Industry?
Major companies operating 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., Beaver Aerospace & Defense Inc., Liebherr Group, GKN Aerospace, Raytheon Technologies Corporation, Safran S.A., Meggitt PLC, Crane Co., Zodiac Aerospace, AeroControlex Group, Pall Corporation, Donaldson Inc., CLARCOR Inc., Freudenberg & Co. KG, UTC Aerospace Systems, ITT Aerospace Controls, Circor Aerospace & Defense, Aeromax Industries Inc., Aerofit Inc., Collins Aerospace, Aeromaoz Ltd.

Where Are the Key Aircraft Pumps Market Opportunities by Region?
North America was the largest region in the aircraft pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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