LONDON, March 8, 2018 /PRNewswire/ -- Increasing
aircraft orders is one of the key factors expected to drive the
aircraft pumps market
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The aircraft pumps market is projected to grow from an estimated
USD 3.27 billion in 2017 to
USD 4.79 billion by 2023, at a CAGR
of 6.57% during the forecast period. The aircraft pumps market is
mainly driven by the increase in aircraft orders and shorter
replacement cycles of aircraft pumps. However, existing backlogs in
aircraft deliveries are restraining the growth of the aircraft
pumps market.
3000 psi to 5000 psi segment, by pressure, projected to lead the
aircraft pumps market during the forecast period
By pressure, the 3000 psi to 5000 psi segment is projected to lead
the aircraft pumps market during the forecast period. Owing to the
growth of commercial aircraft orders and increasing MRO services in
regions, such as Asia Pacific, the
market for aircraft pumps within the category of 3000 psi to 5000
psi is projected to lead during the forecast period.
Engine driven segment, by technology, projected to lead the
aircraft pumps market during the forecast period
By technology, the engine driven segment is projected to lead the
aircraft pumps market during the forecast period, as every aircraft
needs a main fuel pump for fluid discharge for regular fluid
pumping operations. These pumps also need to be replaced at regular
intervals of time
Hydraulic pumps segment projected to lead the aircraft pumps
market during the forecast period
By pump type, the hydraulic pumps segment is projected to lead the
aircraft pumps market during the forecast period. The shorter
replacement period of aircraft pumps in commercial aircraft is
expected to drive this segment in comparison to the other pump type
segments in the aircraft pumps market.
Asia Pacific aircraft pumps
market is projected to grow at the highest CAGR during the forecast
period, 2017 to 2023
The Asia Pacific aircraft pumps
market is projected to grow at the highest CAGR during the forecast
period, and the countries considered in the region are China, India,
and Japan, among others. The
aviation industry in the Asia
Pacific region has witnessed considerable growth over the
past few years, owing to an increase in air passenger traffic,
attractive tourist destinations, and the upgradation of existing
aircraft.
The higher demand for aircraft is leading to an increase in the
demand for aircraft pumps, and leading manufacturers, such as
Parker Hannifin (US) are focusing on
increasing their market shares in the region. Thus, the
Asia Pacific region is projected
to be the fastest-growing market for aircraft pumps, due to the
growth of the region's aviation industry, which is supported by the
increasing air passenger traffic.
Break-up of profile of primary participants in the aircraft
pumps market:
• By Company Type - Tier 1 – 55%, Tier 2 – 20%, and Tier 3 –
25%
• By Designation – C level – 35%, Director level – 25%, Others –
40%
• By Region – North America - 45%,
Europe – 20%, Asia Pacific – 30%, RoW – 5%
Major players in the aircraft pumps market include Parker Hannifin (US), Eaton (Ireland), Honeywell (US), Zodiac
Aerospace (France), Woodward (US),
and AeroControlex (US).
Research Coverage:
This research report categorizes the aircraft pumps market on the
basis of type (fuel pumps, hydraulic pumps, lubrication pumps,
water and waste system pumps, airconditioning and cooling pumps),
technology (engine driven, electric motor driven, ram air turbine
driven, and air driven), pressure (10 psi to 500 psi,500 psi to
3000 psi,3000 psi to 5000 psi, and 5000 psi to 6500 psi),
application (commercial aviation, military aviation, and business
and general aviation), end user (OEM and aftermarket); and maps
these segments and subsegments across major regions, namely,
North America, Europe, Asia
Pacific, and the Rest of the World (RoW).
Reasons to buy this report:
From an insight perspective, this research report focuses on
various levels of analyses — industry analysis (industry trends),
market share analysis of top players, company profiles, emerging
and high-growth segments of the market, high-growth regions, and
market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information about aircraft
pumps offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new
product launches in the aircraft pumps market
• Market Development: Comprehensive information about lucrative
markets – the report analyzes the markets for aircraft pumps across
regions
• Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the aircraft pumps market
• Competitive Assessment: In-depth assessment of market shares,
strategies, products, and manufacturing capabilities of leading
players in the aircraft pumps market
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