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Aircraft Pumps Market by Pressure Technology, Type, End User, Application, Region - Global Forecast to 2023

Aircraft Pumps Market: Global Forecast until 2023

  • March 2018
  • 171 pages
  • ID: 5353243
In this report:
The hydraulic pump segment of the aircraft pumps market is estimated at USD ##,##.## million in 2017 and is expected to grow to USD ##,##.## million at the CAGR of ##.##% during the forecast period
In 1995, ##% of the air traffic was carried by airlines in Europe and North America, but with the Middle East and Asia Pacific airlines becoming more prominent in global aviation, the air traffic share is expected to shrink by ##% by 2025.

Summary

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Increasing aircraft orders is one of the main factors projected to drive the aircraft pumps market

The aircraft pumps market is forecasted to grow from an estimated ~$3.3B in 2017 to ~$4.8B by 2023, at a compound annual growth rate (CAGR) of 6.57% during the forecast horizon. The aircraft pumps market is mainly influenced by the growth in aircraft orders and shorter replacement cycles of aircraft pumps. Nevertheless, existing backlogs in aircraft deliveries are selecting the rise of the aircraft pumps market.

3000 psi to 5000 psi segment, by pressure, forecasted to lead the aircraft pumps market during the outlook period

By pressure, the 3000 psi to 5000 psi segment is forecasted to lead the aircraft pumps market during the estimate period. Due to the increase of commercial aircraft orders and growing MRO services in territories, including Asia Pacific, the industry for aircraft pumps within the category of 3000 psi to 5000 psi is estimated to lead during the outlook period.

Engine driven segment, by technology, forecasted to lead the aircraft pumps market during the estimate period

By technology, the engine driven segment is projected to dominate the aircraft pumps market during the outlook period, as every aircraft needs a main fuel pump for fluid discharge for regular fluid pumping operations. These pumps also need to be replaced at regular intervals of time

Hydraulic pumps segment estimated to lead the aircraft pumps market during the estimate period

By pump type, the hydraulic pumps segment is forecasted to dominate the aircraft pumps market during the outlook period. The shorter replacement period of aircraft pumps in commercial aircraft is anticipated to drive this industry segment in comparison to the other pump type segments in the aircraft pumps market.

Asia Pacific aircraft pumps market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period, 2017 to 2023

The Asia Pacific aircraft pumps market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, and the countries considered in the area are China (CN), India (IN), and Japan (JP), among others. The aviation sector in the Asia Pacific area has witnessed considerable rise over the past few years, owing to an rise in air passenger traffic, attractive tourist destinations, and the upgradation of existing aircraft.

The higher demand for aircraft is leading to an growth in the industry demand for aircraft pumps, and leading manufacturers, including Parker Hannifin are focusing on rising their market shares in the territory. Therefore, the Asia Pacific area is forecasted to be the quickest developing market for aircraft pumps, due to the increase of the region's aviation industry, which is supported by the growing air passenger traffic.

Distribution of profile of primary members taking part in the aircraft pumps market:

• By Company category - Tier 1 - 55.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

• By Description - C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area - North America (NA) - 45.0 percent, EU - 20.0 percent, Asia-Pac - 30.0 percent, RoW - 5.0 percent

Top actors in the aircraft pumps market contain Parker Hannifin, Eaton, Honeywell, Zodiac Aerospace, Woodward, and AeroControlex.

Segment Research

This market report classifies the aircraft pumps market based on type (fuel pumps, hydraulic pumps, lubrication pumps, water and waste system pumps, airconditioning and cooling pumps), technology (engine driven, electric motor driven, ram air turbine driven, and air driven), pressure (10 psi to 500 psi,500 psi to 3000 psi,3000 psi to 5000 psi, and 5000 psi to 6500 psi), application (commercial aviation, military aviation, and business and general aviation), end-user (OEM and aftermarket); and maps these segments and sub-segments across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Why acquiring this study can help you:

From an insight prospect, this market research highlights on different levels of analyses - industry study, market share research of top players, company descriptions, coming out and high-growth segments of the market, high-growth areas, and sector drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• business entry: Exhaustive information about aircraft pumps provided by the top actors in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the aircraft pumps market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for aircraft pumps across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the aircraft pumps market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the aircraft pumps market

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