Growth of the global aerospace filter market is primarily attributed to increasing aircraft orders, coupled with shorter replacement cycles of aerospace filters. However, backlogs existing in aircraft deliveries are expected to curb growth of the market. Fact.MR’s report offers detailed analysis about the global aerospace filter market for the period 2017-2022, and offers actionable insights on future market direction.
Fact.MR, in its latest research, anticipates the automotive aerospace filter market to expand at 7.4% CAGR throughout the forecast period 2017 to 2022. Revenues from the global automotive aerospace filter market is projected to increase from US$ 7,141.1 Mn in 2017 to surpass US$ 10,000 Mn by 2022-end.
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Filters have become an indispensable part of modern aircrafts. Aerospace filters are utilized for provision of clean air to passengers, enhancing efficiencies & performance of aircrafts, and maintenance of an aircraft’s quality life. With increasing disposable income of rapidly expanding population around the world, particularly in developing economies, coupled with robust growth of the aerospace industry, demand for aircrafts will witness a significant rise in the upcoming years. These factors are expected to boost demand for variety of aerospace filters, which in turn will drive growth of the global automotive aerospace filter market.
Increasing Regulations on Emissions of Aircrafts to Fuel Demand for Aerospace Filters
Several regulations associated with the environment safety, and emission standards imposed by regulatory bodies have become more severe. For example – both International Civil Aviation Organization (ICAO), and the Environmental Protection Agency (EPA) are developing regulations, with an aim to lower carbon emissions from commercial planes. This has compelled aircraft manufacturers to develop and integrate advanced filters in aircraft engines, cabins, and hydraulic systems.
Asia Pacific excluding Japan (APEJ) is anticipated to remain dominant in the global aerospace filter market, registering an impressive expansion during the forecast period. The market in APEJ is estimated to create an absolute $ opportunity of nearly US$ 1,200 Mn between 2017 and 2022. The automotive aerospace filter market in North America and APEJ are expected to exhibit similar CAGRs through 2022. Europe will remain the second most lucrative region in the global market.
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Military end-use segment will remain dominant in the global market for automotive aerospace filters. Sales of aerospace filters in military aircrafts is expected to hold the largest revenue share of the market by 2022-end, reflecting the highest CAGR through 2022.
Aerospace filters will continue to witness the largest adoption for application in aircraft engines. By 2022-end, sales of aerospace filters for application in engines is estimated to account for over half share of the market, in terms of revenues.
Sales of aerospace filters in the aircraft’s cabin and hydraulic systems will continue to exhibit lower CAGRs as compared to that in aircraft engines over the forecast period.
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Key players profiled in Fact.MR’s report on the global automotive aerospace filter market include Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc, Mott Corporation, Pall Corporation, Parker-Hannifin Corporation, Porvair plc, Swift Filters, Inc., Amphenol Corporation, and Hollingsworth & Vose Company.
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Aerospace Filters Market: Aerospace Filter Markets in APEJ and North America to Exhibit Similar CAGR
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