Aircraft Pump Market Size, Share, and COVID-19 Impact Analysis, By Type (Fuel Pump, Hydraulic Pump, Air Conditioning Pump, Waste Treatment Pump, and Others), By Aircraft (Fixed Wing, Rotary Wing, and Unmanned Aerial Vehicle), By Point of Sale (OEM Manufacturers and Aftermarket), and Regional Forecast, 2024-2032.
KEY MARKET INSIGHTS
The global aircraft pump market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Pumps are an important part of the aircraft’s system. They are employed in various sub-systems, and are provide the necessary pressure required for hydraulics, fuel flow, air conditioning, and other tasks. A pump takes in the working fluid through one end (inlet), compresses it to a higher pressure, and then directs it out of the other end (outlet).
The market is driven by the need to make more light-weight and economical pumps which do not compromise on efficiency. The increase in passenger traffic is leading to higher production of aircrafts, which positively impacts the aircraft pump industry. Setting up of new production sites, improved research and emerging players are factors which boost the market.
A pump is used in various sub-systems in an aircraft. Fuel is stored in the wings of the aircraft and the fuel pump delivers high pressure fuel from the pump to the engines. Similarly, the air conditioning and the hydraulic fluids deliver the working fluids to their respective systems. Air conditioning is necessary to keep the aircraft cabin at a comfortable pressure, while hydraulics are responsible for the working of systems like flaps, landing gears, and others.
A big restraint for the market is the capital required for the development of the technology. Pumps are required for a variety of uses in an aircraft, and need to be developed to be further lightweight and more efficient. Multiple independent parties are working towards this, but the research still needs a good amount of time and capital to give results.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed aircraft pump industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global aircraft pump market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, and the Rest of the World, after evaluating economic, social, political and technological factors affecting the Global Aircraft Pump Market in these regions.
Aircraft Pump Market Regional Analysis:
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North America is dominant region for the aircraft pump market. The presence of multiple established OEMs bolsters the research and development, and the sales of the pumps. The region is also one of the busiest in terms of air traffic, and hence Aircraft Pumps are in great demand to meet the production of new aircrafts.
Asia Pacific is projected to grow significantly in the upcoming years. The growing passenger traffic in the region is forcing airlines to acquire new aircrafts. The production of newer aircrafts requires a constant supply of pumps. This will also boost the research in the region for the development of better technologies that are more economical and sustainable.
Key Players Covered:
- Honeywell International Inc
- Parker Hannifin Corporation
- SAFRAN
- Eaton Corporation PLC
- Mitsubishi Heavy Industries Ltd
- Crane Aerospace and Electronics
- Others
Aircraft Pump Market Segmentation:
By Type | By Aircraft | By Point of Sale | By Region |
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Key Industry Developments:
- In May 2023, Liebherr-Aerospace announced its contract signing with Airbus for development and manufacture of the hydraulic system and landing gear for the European Medium-Altitude, Long Endurance Remotely Piloted Air System (MALE RPAS) Eurodrone. The Liebherr EMP Pump will be used to power the electric hydraulic system.
- In September 2022, Parker Aerospace (Parker Hannifin Corporation), announced that Boeing selected its AP15V engine driven pump for the hydraulic system of the B53 Stratofortress. The pump is expected to help power the plane’s hydraulic system for decades to come.
- Ongoing
- 2023
- 2019-2022
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