Aerospace Valves Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Aerospace Valves Market size is estimated at USD 11,600.8 million in 2020, expanding at a CAGR 6.2% from 2021-2027 to reach 14,502.2 million USD in 2027.
Market Dynamics
The global aerospace valves market is expected to expand as the number of aircraft increases as global air passenger traffic rises. Companies such as Airbus and Boeing anticipate a complete market recovery following the COVID-19 pandemic. Airbus plans to increase A320 aircraft production to 45 per month by the end of 2021 and has asked its suppliers to prepare for production to reach 64 per month by the second quarter of 2023, and 70 per month by 2024.
Because they operate continuously during flight, aerospace valves are among the busiest components in an aircraft system. This frequently leads to wear and tear in certain parts. The flight hours of existing aircraft have increased significantly as air travel demand has increased over the years. Aerospace valve replacement cycles are determined by the number of flight hours and calendar days (whichever occurs first). The average mean time between unscheduled removal (MTBUR) for valves is low, ranging from 9,000 to 100,000 endurance cycles. Aerospace valves cannot be repaired and must therefore be replaced. This has been a major driver of the market for aerospace valves from maintenance, repair, and overhaul (MRO) firms.
Regional Insights
During the forecast period, North America is expected to have the largest regional share of the aerospace valves market. The presence of a large number of aerospace valves manufacturers in the region is the key factor responsible for North America leading the aerospace valves market. In addition, the region has seen an increase in the delivery of newer aircraft. The increase in aircraft orders and supplies in North America is encouraging aerospace valve manufacturers to increase their sales year on year. The increasing demand for commercial aircraft, as well as the presence of some of the market's leading players, such as Honeywell International, Triumph Group, Woodward, Inc, Collins Aerospace, and Parker Hannifin Corporation, are expected to drive the North American aerospace valves market. These companies are focusing on R&D in order to expand their product lines and use technologically advanced systems, subsystems, and other components in the production of aerospace valves.
Segment Insights
The Aerospace Valves Market is fragmented into the application, aircraft type, end-use, valves type, and valves material segments. Based on the application, the environment control system segment is anticipated to dominate the market. By type, the Butterfly Valves segment is projected to be the highest CAGR for the aerospace valves market during the forecast period. Based on material, the stainless-steel segment is projected to have the highest share of revenue in the aerospace valves market. Based on the aircraft type, the fixed-wing aircraft segment is projected to have the highest revenue in the aerospace valves market during the forecast period. Based on the end-user, the OEM segment is projected to grow at the highest CAGR for the aerospace valves market during the forecast period.
Competitive Insights
The Aerospace Valves Market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For instance, in 2021, Valcor Engineering Corporation developed Modulating Control Valves (MCV), also known as Proportional Control Valves (PCV), that will perform proportional flow control in avionics cooling systems, pneumatic and hydraulic systems. They are also suitable for controlling aviation fuel flow and Polyalphaolefin (PAO) control.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of aerospace valves by application, aircraft type, end-use, valves type and valves material, and region segments. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Eaton
- Safran
- Woodward, Inc
- Triumph Group, Inc.
- Parker Hannifin Corporation
- Moog, Inc.
- Crissair, Inc.
- Liebherr
- Porvair Plc
- Sitec Aerospace Gmbh
- Triton Valves Ltd.
- The Lee Company
- Marotta Controls, Inc.
- Nutek Aerospace Corporation, Inc.
- Precision Fluid Controls
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Fuel System
- Hydraulic System
- Environmental Control System
- Pneumatic System
- Lubrication System
- Water & Wastewater System
Aircraft Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Commercial Aviation
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Regional Transport Aircraft
- Business & General Aviation
- Business Jets
- Light Aircraft
- Military Aviation
- Fighter Aircraft
- Transport Aircraft
- Special-Mission Aircraft
- Rotary Wing
- Commercial Helicopters
- Military Helicopters
- Unmanned Aerial Vehicles
- Fixed-Wing UAVs
- Fixed-Wing Hybrid VTOL UAVs
- Rotary-Wing UAVS
End-User Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Original Equipment Manufacturers (Oem)
- Aftermarket – Replacement
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Butterfly Valves
- Rotary Valves
- Solenoid Valves
- Flapper-Nozzle Valves
- Poppet Valves
- Gate Valves
- Ball Valves
- Others
Material Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Stainless Steel
- Aluminum
- Titanium
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Aerospace Valves Market Overview
1.1. Product Overview and Scope of Aerospace Valves Market
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Aerospace Valves Market Comparison by Application: 2020 VS 2027
1.3.1. Fuel System
1.3.2. Hydraulic System
1.3.3. Environmental Control System
1.3.4. Pneumatic System
1.3.5. Lubrication System
1.3.6. Water & Wastewater System
1.4. Global Aerospace Valves Market Comparison by Type: 2020 VS 2027
1.4.1. Commercial Aviation
1.4.1.1. Narrow-Body Aircraft
1.4.1.2. Wide-Body Aircraft
1.4.1.3. Regional Transport Aircraft
1.4.2. Business & General Aviation
1.4.2.1. Business Jets
1.4.2.2. Light Aircraft
1.4.3. Military Aviation
1.4.3.1. Fighter Aircraft
1.4.3.2. Transport Aircraft
1.4.3.3. Special-Mission Aircraft
1.4.4. Rotary Wing
1.4.4.1. Commercial Helicopters
1.4.4.2. Military Helicopters
1.4.5. Unmanned Aerial Vehicles
1.4.5.1. Fixed-Wing UAVS
1.4.5.2. Fixed-Wing Hybrid VTOL UAVS
1.4.5.3. Rotary-Wing UAVS
1.5. Global Aerospace Valves Market Comparison by End Use: 2020 VS 2027
1.5.1. Butterfly Valves
1.5.2. Rotary Valves
1.5.3. Solenoid Valves
1.5.4. Flapper-Nozzle Valves
1.5.5. Poppet Valves
1.5.6. Gate Valves
1.5.7. Ball Valves
1.5.8. Others
1.6. Global Aerospace Valves Market Comparison by Type: 2020 VS 2027
1.6.1. Original Equipment Manufacturers (Oem)
1.6.2. Aftermarket – Replacement
1.7. Global Aerospace Valves Market Comparison by End Use: 2020 VS 2027
1.7.1. Stainless Steel
1.7.2. Aluminum
1.7.3. Titanium
1.7.4. Others
1.8. Global Aerospace Valves Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.8.1. North America Aerospace Valves Market Estimates
1.8.2. Europe Aerospace Valves Market Estimates
1.8.3. Asia Pacific Aerospace Valves Market Estimates
1.8.4. South America Aerospace Valves Market Estimates
1.8.5. Middle East & Africa Aerospace Valves Market Estimates
2. Market Competition by Manufacturers
2.1. Global Aerospace Valves Market Revenue Market Share by Manufacturers (2020)
2.2. Aerospace Valves Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Aerospace Valves Market Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Aerospace Valves Market Production Sites, Area Served, Product Types
2.5. Aerospace Valves Market Competitive Situation and Trends
2.5.1. Aerospace Valves Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Aerospace Valves Market Consumption by Region (2020-2027)
3.1. Global Aerospace Valves Market Consumption by Region
3.2. Global Aerospace Valves Market Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Aerospace Valves Market Consumption Growth Rate (2020-2027)
3.2.3. North America Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Aerospace Valves Market Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Aerospace Valves Market Consumption Growth Rate (2020-2027)
3.2.7. Europe Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Aerospace Valves Market Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Aerospace Valves Market Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Aerospace Valves Market Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Aerospace Valves Market Consumption Growth Rate (2020-2027)
3.2.15. South America Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Aerospace Valves Market Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Aerospace Valves Market Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Aerospace Valves Market Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Aerospace Valves Market by Application (2020-2027)
4.1. Global Aerospace Valves Market Price by Application (2020-2027)
4.2. Global Aerospace Valves Market Revenue Market Share by Application (2020-2027)
4.2.1. Fuel System
4.2.2. Hydraulic System
4.2.3. Environmental Control System
4.2.4. Pneumatic System
4.2.5. Lubrication System
4.2.6. Water & Wastewater System
5. Global Aerospace Valves Market by Type (2020-2027)
5.1. Global Aerospace Valves Market Price by Type (2020-2027)
5.2. Global Aerospace Valves Market Revenue Market Share by Type (2020-2027)
5.2.1. Commercial Aviation
5.2.1.1. Narrow-Body Aircraft
5.2.1.2. Wide-Body Aircraft
5.2.1.3. Regional Transport Aircraft
5.2.2. Business & General Aviation
5.2.2.1. Business Jets
5.2.2.2. Light Aircraft
5.2.3. Military Aviation
5.2.3.1. Fighter Aircraft
5.2.3.2. Transport Aircraft
5.2.3.3. Special-Mission Aircraft
5.2.4. Rotary Wing
5.2.4.1. Commercial Helicopters
5.2.4.2. Military Helicopters
5.2.5. Unmanned Aerial Vehicles
5.2.5.1. Fixed-Wing UAVS
5.2.5.2. Fixed-Wing Hybrid VTOL UAVS
5.2.5.3. Rotary-Wing UAVS
6. Global Aerospace Valves Market by End Use (2020-2027)
6.1. Global Aerospace Valves Market Price by End Use (2020-2027)
6.2. Global Aerospace Valves Market Revenue Market Share by End Use (2020-2027)
6.2.1.1. Original Equipment Manufacturers (Oem)
6.2.1.2. Aftermarket – Replacement
7. Global Aerospace Valves Market Consumption by Type (2020-2027)
7.1. Global Aerospace Valves Market Price by Type (2020-2027)
7.2. Global Aerospace Valves Market Revenue Market Share by Type (2020-2027)
7.2.1. Butterfly Valves
7.2.2. Rotary Valves
7.2.3. Solenoid Valves
7.2.4. Flapper-Nozzle Valves
7.2.5. Poppet Valves
7.2.6. Gate Valves
7.2.7. Ball Valves
7.2.8. Others
8. Global Aerospace Valves Market Consumption by Material (2020-2027)
8.1. Global Aerospace Valves Market Price by Material (2020-2027)
8.2. Global Aerospace Valves Market Revenue Market Share by Material (2020-2027)
8.2.1. Stainless Steel
8.2.2. Aluminium
8.2.3. Titanium
8.2.4. Others
9. Key Companies Profiled
9.1. Eaton
9.1.1. Eaton Aerospace Valves Market Corporation Information
9.1.2. Eaton Aerospace Valves Market Product Portfolio
9.1.3. Eaton Aerospace Valves Market Consumption, Price and Gross Margin (2020-2027)
9.1.4. Eaton Main Business and Markets Served
9.1.5. Eaton Recent Developments/Updates
9.2. Safran
9.3. Woodward, Inc
9.4. Triumph Group, Inc.
9.5. Parker Hannifin Corporation
9.6. Moog, Inc.
9.7. Crissair, Inc.
9.8. Liebherr
9.9. Porvair Plc
9.10. Sitec Aerospace Gmbh
9.11. Triton Valves Ltd.
9.12. The Lee Company
9.13. Marotta Controls, Inc.
9.14. Nutek Aerospace Corporation, Inc.
9.15. Precision Fluid Controls
10. Marketing Channel, Distributors and Customers
10.1. Marketing Channel
10.2. Aerospace Valves Market Distributors List
10.3. Aerospace Valves Market Customers
11. Market Dynamics
11.1. Aerospace Valves Market Industry Trends
11.2. Aerospace Valves Market Growth Drivers
11.3. Aerospace Valves Market Challenges
11.4. Aerospace Valves Market Restraints
12. Global Aerospace Valves Market Consumption and Demand Forecast, by Region (2022-2027)
12.1. Global Forecasted Demand Analysis of Autonomous Navigation , by Regions and Country
12.1.1. North America Forecasted Consumption of Aerospace Valves Market by Country
12.1.2. Europe Market Forecasted Consumption of Aerospace Valves Market by Country
12.1.3. Asia Pacific Market Forecasted Consumption of Aerospace Valves Market by Region
12.1.4. South America Forecasted Consumption of Aerospace Valves Market by Country
12.1.5. Middle East and Africa Forecasted Consumption of Aerospace Valves Market by Country
13. Global Aerospace Valves Market Consumption and Demand Forecast, by Device Segments (2022-2027)
13.1. Global Forecasted Consumption of Aerospace Valves Market by Device Segments (2022-2027)
13.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Aerospace Valves Market by Device Segments (2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Type
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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