Aerospace Valves Market Size, Share, and Analysis, By Type (Pressure Control Valves, Butterfly Valves, Gate Valves, Ball Valves, Rotary Valves, Relief Valves, Solenoid Valves, Other), By Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Spacecraft, Helicopter, General Aviation, Military Aircraft, Regional Aircraft, UAVs), By Application (Fuel System, Air-Conditioning systems, Hydraulic System, Lubrication System, Pneumatic System, Ice & Rain Protection Systems, Others), By Material (Titanium, Stainless Steel, Aluminum, Others), By End Use (OEM, Aftermarket), By Mechanism (Flapper-Nozzle Valves, Ball and Plug Valves, Poppet Valves, Pilot Valves and Others) and Regional Forecasts, 2022-2032
Report Overview
Product Overview
Aerospace Valves Market size was USD 11.65 billion in 2021 and projected to grow from USD 12.7 billion in 2023 to USD 19.3 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period.
Aerospace valve is a specialized device utilized in aircraft systems which aids in fluid control of hydraulic fluids, fuel, air, and gases by partially obstructing, closing, or opening the passageways. These aerospace valves play a vital role in organising proper operation and safety in different aircraft systems as it controls the flow of gases or fluids. Valves are usually classified based on various categories. Aerospace valves play a vital role in hydraulic action points, which are crucial in aircraft operation.
Market Highlights
Aerospace Valves Market is expected to project a CAGR of 4.7% during the forecast period, 2022-2032
Aerospace Valves Market is expected to reach USD 19.3 billion, growing at a CAGR of 4.7% during forecast period owing to increased air travelling, growing expenditure on defense, widening of commercial aviation and introduction of new technologies related to aerospace which are expected to boost the market growth. Aerospace valves aid in enhancing the efficiency of fuel by reducing pressure drops, optimizing fluid flow, and upgrading the performance of system.
Aerospace Valves Market Segmentation
Pneumatic System segment is expected to grow with high CAGR during the forecast period
Aerospace Valves Market is classified based on the System into Application into Fuel System, Air-Conditioning systems, Hydraulic System, Lubrication System, Pneumatic System, Ice & Rain Protection Systems, Others. Pneumatic system segment is expected to dominate the market in the forecast period owing to the rising necessity of replacing hydraulic systems with pneumatic systems to prevent leakage of oil. The light weight property of these systems which aids in reduction of payload capacity, fuel efficiency, and overall performance is expected to boost the growth of the segment in the market.
Butterfly Valves segment is expected to grow with high CAGR during the forecast period
Aerospace Valves Market is classified based on the Type into Pressure Control Valves, Butterfly Valves, Gate Valves, Ball Valves, Rotary Valves, Relief Valves, Solenoid Valves, Other. The butterfly valves segment is expected to dominate the market in the forecast period owing to the wide usage of these valves in several applications of an aircraft. The compact size, ease of use, and minimal space requirements of these valves is expected to boost the growth of the segment during the forecast period.
Market Dynamics
Growth Drivers
Growing Demand for Air Travel is Expected to Boost the Growth of the Market
The increasing preference of air travel along with the strong economic development is expected to boost the market growth. This increasing passenger count is expected to procure new aircrafts which increases the necessity of valves thereby resulting in creating demand for the growth of the Aerospace Valves market. Key market players are focusing on increasing the manufacturing capability to meet the rising aircraft orders and this increased demand for air travel has resulted in companies to widen their aircraft fleet and it is expected to boost the growth of the Aerospace Valves market growth during the forecast period.
Frequent Valve Replacements is Expected to Boost the Growth of the Market
The travelling through air had increased resulting in increased aircraft flight hours and frequent wear & tear of valves. The average life cycle of valves relies on the number of flight hours & calendar days and the average Mean Time Between Unscheduled Removal of valves is arond 100,000 cycles. This increases the necessity of replacing the valves at regular intervals towards the end of its lifecycle as they cannot be repaired. This may boost the growth of Aerospace Valves market during the forecast period.
Restraint
Fluctuating Prices of Raw Materials May Restrain the Growth of the Market
The irregularity of raw material prices & price fluctuations of iron, steel etc. owing to improper supply and demand are expected to restrain the Aerospace Valves market growth.
Recent Developments
In June 2021, Lockheed Martin Corporation granted a contract to Triumph group to supply hydraulic utility actuation valves for aiding F-35 fleet readiness at Marine Corps Air Station Cherry Point.
In May 2021, Valcor Engineering Corporation initiated a Modulating Control Valves which have the capability to execute flow control in pneumatic systems, hydraulic systems, avionics cooling systems.
Aerospace Valves Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the market in 2021 owing to the availability of large aircraft fleet and presence of key market players in countries of this region which led to the market growth. Asia Pacific region is expected to dominate the market over the forecast period owing to the increasing funding in the aviation industry and growing fleets which aid in market growth.
Impact of Covid-19 on Aerospace Valves Market
The COVID-19 outbreak had resulted in the economic downfall. The pandemic resulted in a reduced demand for air travel owing to the imposition of travel restrictions. Pandemic resulted in reduction of commercial airline movements thereby having low rate of aircraft production and low demand for aerospace valves. The focus on cost optimization had increased after the pandemic period, due to the focus on reducing fuel consumption & enhancing aircraft performance which may require usage of certain type of aerospace valves. Covid-19 had a negative impact on the growth of Aerospace Valves Market.
Aerospace Valves Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.
Aerospace Valves Market Scope and Segments:
ATTRIBUTE
DETAILS
Study Period
2018-2032
Base Year
2022
Forecast Period
2022-2032
Historical Period
2019-2021
Growth Rate
CAGR of 4.7% from 2022-2032
Unit
Value (USD Billion)
Segmentation
Main Segments List
Type
Pressure Control Valves
Butterfly Valves
Gate Valves
Ball Valves
Rotary Valves
Relief Valves
Solenoid Valves
Other
Aircraft Type
Narrow-body Aircraft
Wide-body Aircraft
Spacecraft
Helicopter
General Aviation
Military Aircraft
Regional Aircraft
UAVs
Application
Fuel System
Air-Conditioning systems
Hydraulic System
Lubrication System
Pneumatic System
Ice & Rain Protection Systems
Others
Material
Titanium
Stainless Steel
Aluminum
Others
End Use
OEM
Aftermarket
Mechanism
Flapper-Nozzle Valves
Ball and Plug Valves
Poppet Valves
Pilot Valves
Others
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Scandinavia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Frequently Asked Questions (FAQ):
Aerospace Valves Market size was estimated at USD 11.65 billion in 2021 and is expected to reach USD 19.3 billion in 2032.
Pneumatic System and Butterfly Valves segment accounted for the highest growth rate in the Aerospace Valves market
Leading players: AeroControlex, Triumph Group, Moog Inc., Safran SE, Meggitt, ITT Aerospace Controls, Eaton Corporation PLC, Parker Hannifin Corporation, Crane Aerospace & Electronics, Circor International, Inc, Porvair, Precision Fluid Controls, Inc., Woodward Inc., Crissair Inc., Sitec Aerospace GmbH, Liebherr and Other Prominent Players are the leading players in the Aerospace Valves Market.
Growing Demand for Air Travel and Frequent Valve Replacements are the factors driving the Aerospace Valves market.
The irregularity & price fluctuations of raw material are the challenges associated with the Aerospace Valves Market.
Table Of Content
1.Executive Summary
1.1.Regional Market Share
1.2.Business Trends
1.3.Aerospace Valves Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.Research Methodology
2.1.Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3.Market Characteristics
3.1.Market Definition
3.2.Aerospace Valves Market: COVID-19 Impact
3.3.Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Aerospace Valves Market – Industry Insights
4.1.Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5.Macroeconomic Indicators
6.Recent Developments
7.Market Dynamics
7.1.Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4.Market Restraints
7.5.Market Trends
8.Risk Analysis
9.Market Analysis
9.1.Porters Five Forces
9.2.PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.Aerospace Valves Market
10.1.Overview
10.2.Historical Analysis (2016-2021)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
15.Middle East and Africa Aerospace Valves Market Size & Forecast 2022A-2032F
15.1.Overview
15.2.Key Findings
15.3.Market Segmentation
15.3.1.By Type
15.3.2.By Aircraft Type
15.3.3.By Application
15.3.4.By Material
15.3.5.By End Use
15.3.6.By Mechanism
15.4.Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.Latin America Aerospace Valves Market Size & Forecast 2022A-2032F
16.1.Overview
16.2.Key Findings
16.3.Market Segmentation
16.3.1.By Type
16.3.2.By Aircraft Type
16.3.3.By Application
16.3.4.By Material
16.3.5.By End Use
16.3.6.By Mechanism
16.4.Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.Competitive Landscape
17.1.Company market share, 2021
17.2.Key player overview
17.3.Key stakeholders
18.Company Profiles
18.1.AeroControlex
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.1.4.5.Executive Team
18.2.Triumph Group
18.3.Moog Inc.
18.4.Safran SE
18.5.Meggitt
18.6.ITT Aerospace Controls
18.7.Eaton Corporation PLC
18.8.Parker Hannifin Corporation
18.9.Crane Aerospace & Electronics
18.10.Circor International, Inc
18.11.Porvair
18.12.Precision Fluid Controls, Inc.
18.13.Woodward Inc.
18.14.Crissair Inc.
18.15.Sitec Aerospace GmbH
18.16.Liebherr
18.17.Other Prominent Players
19.Appendix
20.Consultant Recommendation
Research
Methodology
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analysts adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key opinion
leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Supply Side
R&D technicians and technologists
Procurement Managers
Physician If s/Specialist
Research Professors
Healthcare Providers
Consumers
Distributors & Channels
Service Provide
Demand Side
CEOs
Vice presidents
Marketing directors
RProduct Managers
Regional Sales and
Marketing Managers
Business Development
Plant Manage
Research Framework
Objective of Research
The objective of the research is to provide a 360 holistic view on the market and
bringing the insights that can help stakeholders identify the opportunities as well
as challenges.
We have provided the market size in terms of value and volume of market with
segmentation and offers in-depth commentary and accurate quantitative insights.
The study also includes incisive competitive landscape analysis, and provides key
recommendations to market players on winning imperatives and successful strategies.
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analyst adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key
opinion leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Analysts compile the whole data from demand and supply-side perceptions
Secondary Research
Data is gathered from various secondary databases.
Diligently tracking the secondary sources for closely monitoring the market trends
and insights.
Analysts compile the whole data from demand and supply-side perceptions for the
better outputs.
Data Sources
Research Approach
Demand Estimation of each product across countries/regions summed from the total
market
Variable analysis for demand forecasting
Demand estimation via analysing paid database, company financials either via annual
report or database
Primary interviews for data revalidation and insights collection.
Used extensively for new product forecasting or analysing penetration level
Tool used invoices product flow & penetration models
Use of regression multi variate analysis for forecasting
Involve extensive use of paid and public database
Primary interviews & vendor-based primary research for variable impact analysis
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
Our Clients
We have been working with some Fortune 500+ clients
we use cookie for improve your experience
We use cookies to deliver the best possible experience on our website. To learn more,
visit our Privacy
Policy . By continuing to use this site, or closing this box, you consent to our
use of cookies. More info .
.png){kind=icon}
