Aerospace Valve Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aerospace valve market
The aerospace valve market size was valued at USD 10.42 billion in 2020, and the market is now projected to grow from USD 11.02 billion in 2021 to USD 14.68 billion by 2028, exhibiting a CAGR of 4.18% during the forecast period of 2021-2028.
The COVID-19 testing disrupted manufacturing industries in countries such as Germany, USA, France, Japan, India, and China due to disruption of production and revenue. After production started up during the beginning of May 2020, the company had insufficient employees and travel and trade were restricted, creating an order backlog. In the same regard, the decrease in travel moistened the aerospace industry, thus resulting to significant revenues losses. Such a downturn ended the ordering for new aircraft, which in turn reduced the demand for aerospace valves applied in different systems of the aircraft. Thus, aerospace valve market rapidly shrunk during the contraction of the pandemic.
The increase in the number of people who use the airplane to travel has also forced manufacturers to increase the production of airplanes. Boeing and Airbus and other major OEMs are getting more orders for planes as the appeal of flying surges. These companies are positive about future positions as RTCA become increasingly vital for aerospace industry evolution after COVID-19 pandemic. These recoveries should be expected to give a significant boost on aircraft deliveries and industry investments. In total, the ability of the aerospace sector’s recovery is expected to accelerate further alongside the recovery of demand for air travel.
Internet of Things implementation in the valves used in the aviation industry improve productivity and the cost of maintaining the valves throughout the lifetime of the product. IoT makes it possible to perform constant checkups on the status of valves and one is alerted early enough in case of a fault which in essence causes the valve to breakdown. The information collected from the IoT-supported valves is not only for intelligent valve operations but also for other more advanced applications. It is believed that this technology will open many opportunities for manufacturers in the next few years to enhance the operating efficiency and build the reliability.
Comprehensive Analysis of Aerospace valve market
The aerospace valve market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by aircraft type analysis, by application analysis, and by end-use analysis. By type analysis include butterfly valve, ball valve, rotary valve, gate valve, and others. By aircraft type analysis include commercial aircraft, business aircraft, military aircraft, general aviation aircraft, and helicopters. By application analysis include fuel system, hydraulic system, pneumatic system, lubrication system, and others. By end-use analysis include OEM and aftermarket.
The North America region lead the aerospace valve market share by benefitting a market size of USD 4.07 billion in 2020 due to its well-established aerospace industry.
The top players have a significant responsibility in the aerospace & defence industry for confirming industrial prospectus growth and determining the market trends. These players include, Eaton Corporation PLC, Safran SE, Woodward Inc., Triumph Group, Parker Hannifin Corporation, Moog Inc., Crissair Inc., Liebherr, Porvair PLC these market players provide a level-playing competitive landscape.
In June 2021, Triumph Group received a contract from Lockheed Martin to supply hydraulic utility actuation valves (HUAVs) to enhance F-35 fleet readiness at Marine Corps Air Station Cherry Point.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
Type; Aircraft Type; Application, End Use, and Geography
By Type
Butterfly Valve
Ball Valve
Rotary Valve
Gate Valve
Others
By Aircraft Type
Commercial Aircraft
General Aviation Aircraft
Business Aircraft
Military Aircraft
Helicopters
By Application
Fuel System
Hydraulic System
Pneumatic System
Lubrication System
Others
By End-Use
OEM
Aftermarket
By Geography
North America (By Type, Aircraft Type, Application, End-Use, and Country)
- U.S. (Aircraft Type)
- Canada (Aircraft Type)
- U.K. (Aircraft Type)
- Germany (Aircraft Type)
- France (Aircraft Type)
- Rest of Europe (Aircraft Type)
- China (Aircraft Type)
- India (Aircraft Type)
- Japan (Aircraft Type)
- Rest of Asia Pacific (Aircraft Type)
- The Middle East & Africa (Aircraft Type)
- Latin America (Aircraft Type)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights-Impact of COVID-19 Pandemic on Global Aerospace Valves Market
- 5.1. Impact of COVID-19 Pandemic on the Global Aerospace Valves Market
- 5.2. Steps Taken by the Industry/Companies/Government to Overcome the Impact
- 5.3. Key Development in the Industry in Response to COVID-19 Impact
- 6. Global Aerospace Valves Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Segment Definitions
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Butterfly Valve
- 6.2.2. Ball Valve
- 6.2.3. Rotary Valve
- 6.2.4. Gate Valve
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Aircraft Type
- 6.3.1. Commercial Aircraft
- 6.3.2. General Aviation Aircraft
- 6.3.3. Business Aircraft
- 6.3.4. Military Aircraft
- 6.3.5. Helicopters
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Fuel System
- 6.4.2. Hydraulic System
- 6.4.3. Pneumatic System
- 6.4.4. Lubrication System
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By End-Use
- 6.5.1. OEM
- 6.5.2. Aftermarket
- 6.6. Market Analysis, Insights and Forecast – By Region
- 6.6.1. North America
- 6.6.2. Europe
- 6.6.3. Asia pacific
- 6.6.4. Rest of the world
- 7. North America Aerospace Valves Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Market Analysis, Insights and Forecast – By Type
- 7.1.1. Butterfly Valve
- 7.1.2. Ball Valve
- 7.1.3. Rotary Valve
- 7.1.4. Gate Valve
- 7.1.5. Others
- 7.2. Market Analysis, Insights and Forecast – By Aircraft Type
- 7.2.1. Commercial Aircraft
- 7.2.2. General Aviation Aircraft
- 7.2.3. Business Aircraft
- 7.2.4. Military Aircraft
- 7.2.5. Helicopters
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Fuel System
- 7.3.2. Hydraulic System
- 7.3.3. Pneumatic System
- 7.3.4. Lubrication System
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By End-Use
- 7.4.1. OEM
- 7.4.2. Aftermarket
- 7.5. Market Analysis – By Country
- 7.5.1. The U.S.
- 7.5.1.1. By Aircraft Type
- 7.5.1.1.1. Commercial Aircraft
- 7.5.1.1.2. General Aviation Aircraft
- 7.5.1.1.3. Business Aircraft
- 7.5.1.1.4. Military Aircraft
- 7.5.1.1.5. Helicopters
- 7.5.2. Canada
- 7.5.2.1. By Aircraft Type
- 7.5.2.1.1. Commercial Aircraft
- 7.5.2.1.2. General Aviation Aircraft
- 7.5.2.1.3. Business Aircraft
- 7.5.2.1.4. Military Aircraft
- 7.5.2.1.5. Helicopters
- 8. Europe Aerospace Valves Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Market Analysis, Insights and Forecast – By Type
- 8.1.1. Butterfly Valve
- 8.1.2. Ball Valve
- 8.1.3. Rotary Valve
- 8.1.4. Gate Valve
- 8.1.5. Others
- 8.2. Market Analysis, Insights and Forecast – By Aircraft Type
- 8.2.1. Commercial Aircraft
- 8.2.2. General Aviation Aircraft
- 8.2.3. Business Aircraft
- 8.2.4. Military Aircraft
- 8.2.5. Helicopters
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Fuel System
- 8.3.2. Hydraulic System
- 8.3.3. Pneumatic System
- 8.3.4. Lubrication System
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By End-Use
- 8.4.1. OEM
- 8.4.2. Aftermarket
- 8.5. Market Analysis – By Country
- 8.5.1. U.K.
- 8.5.1.1. By Aircraft Type
- 8.5.1.1.1. Commercial Aircraft
- 8.5.1.1.2. General Aviation Aircraft
- 8.5.1.1.3. Business Aircraft
- 8.5.1.1.4. Military Aircraft
- 8.5.1.1.5. Helicopters
- 8.5.2. Germany
- 8.5.2.1. By Aircraft Type
- 8.5.2.1.1. Commercial Aircraft
- 8.5.2.1.2. General Aviation Aircraft
- 8.5.2.1.3. Business Aircraft
- 8.5.2.1.4. Military Aircraft
- 8.5.2.1.5. Helicopters
- 8.5.3. France
- 8.5.3.1. By Aircraft Type
- 8.5.3.1.1. Commercial Aircraft
- 8.5.3.1.2. General Aviation Aircraft
- 8.5.3.1.3. Business Aircraft
- 8.5.3.1.4. Military Aircraft
- 8.5.3.1.5. Helicopters
- 8.5.4. Rest of Europe
- 8.5.4.1. By Aircraft Type
- 8.5.4.1.1. Commercial Aircraft
- 8.5.4.1.2. General Aviation Aircraft
- 8.5.4.1.3. Business Aircraft
- 8.5.4.1.4. Military Aircraft
- 8.5.4.1.5. Helicopters
- 9. Asia Pacific Aerospace Valves Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Market Analysis, Insights and Forecast – By Type
- 9.1.1. Butterfly Valve
- 9.1.2. Ball Valve
- 9.1.3. Rotary Valve
- 9.1.4. Gate Valve
- 9.1.5. Others
- 9.2. Market Analysis, Insights and Forecast – By Aircraft Type
- 9.2.1. Commercial Aircraft
- 9.2.2. General Aviation Aircraft
- 9.2.3. Business Aircraft
- 9.2.4. Military Aircraft
- 9.2.5. Helicopters
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Fuel System
- 9.3.2. Hydraulic System
- 9.3.3. Pneumatic System
- 9.3.4. Lubrication System
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By End-Use
- 9.4.1. OEM
- 9.4.2. Aftermarket
- 9.5. Market Analysis – By Country
- 9.5.1. China
- 9.5.1.1. By Aircraft Type
- 9.5.1.1.1. Commercial Aircraft
- 9.5.1.1.2. General Aviation Aircraft
- 9.5.1.1.3. Business Aircraft
- 9.5.1.1.4. Military Aircraft
- 9.5.1.1.5. Helicopters
- 9.5.2. India
- 9.5.2.1. By Aircraft Type
- 9.5.2.1.1. Commercial Aircraft
- 9.5.2.1.2. General Aviation Aircraft
- 9.5.2.1.3. Business Aircraft
- 9.5.2.1.4. Military Aircraft
- 9.5.2.1.5. Helicopters
- 9.5.3. Japan
- 9.5.3.1. By Aircraft Type
- 9.5.3.1.1. Commercial Aircraft
- 9.5.3.1.2. General Aviation Aircraft
- 9.5.3.1.3. Business Aircraft
- 9.5.3.1.4. Military Aircraft
- 9.5.3.1.5. Helicopters
- 9.5.4. Rest of Asia Pacific
- 9.5.4.1. By Aircraft Type
- 9.5.4.1.1. Commercial Aircraft
- 9.5.4.1.2. General Aviation Aircraft
- 9.5.4.1.3. Business Aircraft
- 9.5.4.1.4. Military Aircraft
- 9.5.4.1.5. Helicopters
- 10. Rest of the world Aerospace Valves Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Market Analysis, Insights and Forecast – By Type
- 10.1.1. Butterfly Valve
- 10.1.2. Ball Valve
- 10.1.3. Rotary Valve
- 10.1.4. Gate Valve
- 10.1.5. Others
- 10.2. Market Analysis, Insights and Forecast – By Aircraft Type
- 10.2.1. Commercial Aircraft
- 10.2.2. General Aviation Aircraft
- 10.2.3. Business Aircraft
- 10.2.4. Military Aircraft
- 10.2.5. Helicopters
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Fuel System
- 10.3.2. Hydraulic System
- 10.3.3. Pneumatic System
- 10.3.4. Lubrication System
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast – By End-Use
- 10.4.1. OEM
- 10.4.2. Aftermarket
- 10.5. Market Analysis – By Region
- 10.5.1. Latin America
- 10.5.1.1. By Aircraft Type
- 10.5.1.1.1. Commercial Aircraft
- 10.5.1.1.2. General Aviation Aircraft
- 10.5.1.1.3. Business Aircraft
- 10.5.1.1.4. Military Aircraft
- 10.5.1.1.5. Helicopters
- 10.5.2. Middle East & Africa
- 10.5.2.1. By Aircraft Type
- 10.5.2.1.1. Commercial Aircraft
- 10.5.2.1.2. General Aviation Aircraft
- 10.5.2.1.3. Business Aircraft
- 10.5.2.1.4. Military Aircraft
- 10.5.2.1.5. Helicopters
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2020)
- 11.2. Competition Dashboard
- 12. Company Profiles (Overview, Products & Type, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 12.1. Eaton Corporation PLC (Ireland)
- 12.1.1. Overview,
- 12.1.2. Products & Type,
- 12.1.3. SWOT analysis,
- 12.1.4. Recent developments,
- 12.1.5. strategies,
- 12.1.6. financials (based on availability)
- 12.2. Safran SE (France)
- 12.2.1. Overview,
- 12.2.2. Products & Type,
- 12.2.3. SWOT analysis,
- 12.2.4. Recent developments,
- 12.2.5. strategies,
- 12.2.6. financials (based on availability)
- 12.3. Woodward Inc. (U.S.)
- 12.3.1. Overview,
- 12.3.2. Products & Type,
- 12.3.3. SWOT analysis,
- 12.3.4. Recent developments,
- 12.3.5. strategies,
- 12.3.6. financials (based on availability)
- 12.4. Triumph Group (U.S.)
- 12.4.1. Overview,
- 12.4.2. Products & Type,
- 12.4.3. SWOT analysis,
- 12.4.4. Recent developments,
- 12.4.5. strategies,
- 12.4.6. financials (based on availability)
- 12.5. Parker Hannifin Corporation (U.S.)
- 12.5.1. Overview,
- 12.5.2. Products & Type,
- 12.5.3. SWOT analysis,
- 12.5.4. Recent developments,
- 12.5.5. strategies,
- 12.5.6. financials (based on availability)
- 12.6. Moog Inc. (U.S.)
- 12.6.1. Overview,
- 12.6.2. Products & Type,
- 12.6.3. SWOT analysis,
- 12.6.4. Recent developments,
- 12.6.5. strategies,
- 12.6.6. financials (based on availability)
- 12.7. Crissair Inc. (U.S.)
- 12.7.1. Overview,
- 12.7.2. Products & Type,
- 12.7.3. SWOT analysis,
- 12.7.4. Recent developments,
- 12.7.5. strategies,
- 12.7.6. financials (based on availability)
- 12.8. Liebherr (Germany)
- 12.8.1. Overview,
- 12.8.2. Products & Type,
- 12.8.3. SWOT analysis,
- 12.8.4. Recent developments,
- 12.8.5. strategies,
- 12.8.6. financials (based on availability)
- 12.9. Porvair PLC (U.K.)
- 12.9.1. Overview,
- 12.9.2. Products & Type,
- 12.9.3. SWOT analysis,
- 12.9.4. Recent developments,
- 12.9.5. strategies,
- 12.9.6. financials (based on availability)
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