Passenger traffic and the quantity of commercial flights have increased dramatically over the past few years.
Due to their non-repairable nature, aerospace valves must be replaced every three to four years.
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These valves are critical in facilitating improved aircraft performance. The global aerospace valves market has experienced significant growth and demand due to two factors: the reduction in replacement cycles associated with aerospace valves and the rise in aircraft orders.
As more aircraft are ordered, the global aerospace valves market is primarily propelled by expansion. In addition, shorter replacement cycles for aerospace valves are anticipated to be a significant factor propelling this market during the forecast period. As passenger traffic and the demand for lightweight valves increase, aircraft deliveries are anticipated to increase, which will likely contribute to the global expansion of the aerospace valves market in the coming years.
Maximum valves employing the ball-and-plug mechanism are essential for aircraft to ensure fluid discharge within the system and enable uninterrupted fluid-flowing operations. As a result, it is expected that ball and plug valves will continue to dominate the aerospace valve market in the future years. Conversely, these valves require routine replacement.
However, the current aircraft delivery backlogs caused by the inadequate manufacturing capacities of renowned aircraft manufacturers may restrict the global aerospace valves market during the forecast period.
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The Global Aerospace Valves Market is segmented based on product, application and region
Global Aerospace Valves Market: Product Segment Analysis
● Titanium
● Aluminium
● Corrosion resistant steel
● Others
Global Aerospace Valves Market: Application Segment Analysis
● Original equipment manufacturer
● Aftermarket
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The global Aerospace Valves market profiles key players such as:
● Zodiac Aerospace
● Crane Aerospace
● Eaton
● Honeywell
● Moog
● Liebherr
● Parker Hannifin
● ITT Aerospace Controls Porvair
● Crissair
● Circor International
● Dynex/Rivett
● Meggitt
● Lakshmi Technology and Engineering
● Woodward
● Valcor Engineering
● United Technologies
● Triumph Group
● Sitec Aerospace
● Precision Fluid Controls
● Marotta Controls
● Ram Company
● Nutek Aerospace Corporation
● AeroControlex
Analysis of Regional Aerospace Valves Markets Worldwide
In addition to Asia-Pacific, Europe, North America, the Middle East and Africa, and the Middle East and Africa comprise the global aerospace valves market. The global market for aerospace valves was dominated by North America in 2017. This phenomenon can be attributed to the surge in commercial aircraft orders and the corresponding rise in demand for MRO services. The aerospace valves market is anticipated to expand at the most rapid rate in the Asia-Pacific region during the forecast period. The aforementioned phenomenon can be ascribed to the increasing volume of passengers and flight hours. The augmented passenger traffic can be attributed to the rising disposable income of individuals residing in developing economies, including China and India.
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