(I-BusinessNews.Com, January 08, 2019 )
Stratview Research has published a new research report on Aircraft Valves Market. This extensive report by Stratview Research analyses the growth of Aircraft Valves Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments –
• by System Type (Fuel System Valves, Hydraulic System Valves, and Others)
● by Mechanism Type (Poppet Valves, Pilot Operated Valves, and Others)
● by Material Type (Titanium Valves, Aluminum Valves, and Others)
● by Aircraft Type (Commercial aircraft, military aircraft, and Others)
● by End-user Type (OE and aftermarket)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
Go through the detailed scope: https://www.stratviewresearch.com/toc/432/Aircraft-Valves-Market.html
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The demand for fuel-efficient aircraft
The aircraft valves market is likely to witness an impressive CAGR of 5.6% during the forecast period. The unprecedented growth in aircraft orders from the airlines owing to surging air passenger traffic is the prime factor driving the global aircraft valves market. Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for valves in the commercial aircraft industry.
Large aircraft fleet size, especially of commercial aircraft (21,860 commercial aircraft active in 2017) coupled with short standby cycles due to extended aircraft flight hours are proliferating the demand for valves from the maintenance, repair, and overhaul (MRO) activities. The surge in the demand for fuel-efficient aircraft from airlines is leading to a greater adoption of lightweight valves, which would help aircraft OEMs to further reduce the overall aircraft weight and increase fuel efficiency.
Top market players
Some of the major aircraft valve manufacturers are Honeywell International Inc., Parker Hannifin Corporation, Eaton Corporation Plc, Woodward, Inc., Zodiac Aerospace, Triumph Group, Inc., Crissair, Inc., ITT Aerospace Controls, The Liebherr Group, United Technologies Corporation, Meggitt PLC, Circor International, Inc., and Crane Aerospace & Electronics. Execution of M&A activities, aircraft OEMs push to develop valves indigenously, regional expansion, and formation of long-term contracts are some of the major trends shaping the competitive landscapes of the market.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
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