The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global aircraft pumps market size during the period through 2018-2027. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the aircraft pumps market during the forecast period.
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Established players continue to consolidate their position in the aircraft pumps market, accounting for approximately two-fifth share. Technologically advanced and customized product designs, along with the development of highly-efficient and lightweight aircraft pumps are key focus areas of these players, with an aim to remain compliant with regulations on emissions. On the other hand, regional and local aircraft pumps manufacturers are focusing on new product development, and cost-effective solutions to sustain their position in this highly competitive market.
The report on the aircraft pumps market provides detailed profiling of key players, including Eaton Corporation plc, Honeywell International Inc., Crane Aerospace & Electronics, Parker Hannifin Corporation, Cascon Inc., Triumph Group, Inc., Crissair, Inc., Zodiac Aerospace, Weldon Pump LLC, and Woodward, Inc.
Influx of New Aircrafts to Create Opportunities for Players
Significant growth in passenger and freight air transport is driving the demand for new aircrafts, consequently increasing competition between manufacturers in terms of performance optimization and reduction in maintenance and operational cost. The International Air Transport Association (IATA) estimates the number of air travelers to close in on approximately 7.2 billion by 2035, with most of the traffic coming from Asia Pacific. IATA further projects China to overtake the US as the largest aviation market by 2024.
Air travel is expected to soar exponentially in Asia, with significant increase in aircrafts imports in China. In addition, China’s state-owned Commercial Aircraft Corp. of China is planning to introduce its narrow-body jet C919, which would come into effect in 2020.
As conventional aircrafts are fast being replaced with new fuel-efficient variants, aircraft pump manufacturers are increasingly focusing on developments in terms of high-pressure lightweight attributes. Jet pumps continue to witness significant adoption in aircraft fuel systems, owing to their greater reliability, and absence of moving parts, which further deprives the probability of failure.
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Growing customer base combined with low operating costs is likely to benefit aircraft components manufacturers and OEMs in future. Airlines are increasingly opting for lightweight pumps that can improve fuel-efficiency. Additionally, growth in air passenger traffic is leading to shorter replacement cycle, this is driving demand for aircraft pumps by Maintenance, Repair, and Overhaul (MRO) industry. More Electric Aircrafts (MEA) are now being widely recognized as the future of aerospace industry, to meet increasing power demand, improving fuel economy, and reducing emission. Aircraft manufacturers are taking significant efforts to convert hydraulic and pneumatic components in airplanes to electric. This has further resulted in robust adoption of electric motor-driven aircraft pumps, owing to their easy adjustment of input shaft power, and reduced power loss from source.
Sensing the shift, Aircraft component are focusing on enhancing their production capacity of electric motor driven pumps, while envisaging future evolutions in more electric aircraft technologies. The Advisory Council for Aeronautics Research has set a goal to reduce 50% carbon dioxide emission in air transportation in Europe by 2020.
With the advent of more electric aircraft designs, defense aircraft integrators and users continue to focus on reduced operational cost combined with easy maintenance checks, which has further complemented the replacement of mechanical and hydraulic systems with electrical variants. Aerospace companies are increasingly investing in MEA technologies while closely working with research organizations, to develop next-generation products and aircraft components.
Intelligent and Dual-Stage Pressure Pumps Gain Center Stage in Aircraft Industry
Fixed displacement pumps are gradually being replaced by piston pumps in aircrafts, owing to their constant pressure variable displacement. Most of the aircrafts have adopted hydraulic pipe and hydraulic/fuel oil heat exchanger, which has entailed significant heat-generation challenges, especially in military aircrafts. Various investigations conducted recently have shown that pressure requirement is excessive in combat state, while other stages of flight require lower pressure to control extreme heat-generation. This has further led to the development of new pumping systems for military aircrafts.
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Aircraft Pumps Market: Leading Manufacturers Expected to Motivate Growth during 2018-2027
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