Aerospace Valves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aerospace Valves Market Analysis
The Aircraft Valves Market is anticipated to grow at a CAGR of 4.1% during the forecast period.
- The decrease in the COVID-19 pandemic had increased passenger numbers at the airport. Removal of border restrictions by various governments, as well as ease in restrictions for travel, was the main factor for such growth, and this has led to various aircraft OEMs being able to increase production of the aircraft and meeting the delivery timelines, which has, in turn, led to an increase in the demand for aircraft valves. In addition, opening the barriers by various countries also led to free flow in terms of the supply of the necessary components required to produce aircraft valves. This has resulted in the aircraft valves market witnessing steady growth during the forecast period.
- An increase in the number of air passenger traffic worldwide has led to increased stress on airports globally to cope with the rise in passenger demand. Various aircraft OEMs are now increasing the production of the new generation of aircraft and are trying to meet their aircraft delivery deadlines. Moreover, an increasing global commercial aircraft fleet size due to rising air passenger traffic is giving an impetus to the replacement demand for aerospace valves, especially from maintenance, repair, and overhaul companies. Aerospace valves are exposed to wear and tear during continuous flight operations and are generally replaced rather than repaired. Currently, there is also a significant market opportunity to integrate the Internet of Things (IOTs) among aerospace valves to improve performance, enhance reliability, smooth functioning, and significantly reduce lifecycle costs. Proactive failure detection and predictive maintenance record with IOTs help in proper and timely repairs to the valves, thereby enabling better discrete functioning with effective data-based decision-making.
Aerospace Valves Market Trends
This section covers the major market trends shaping the Aerospace Valves Market according to our research experts:
The Butterfly Valve Segment Is Expected To Grow Significantly During The Forecast Period
Based on type, the butterfly valve segment is expected to grow significantly during the forecast period. The growth can be attributed to the extensive usage of butterfly valves in various applications such as the fuel system as well as the pneumatic system of the aircraft. Moreover, these valve systems have a compact size, fewer space requirements, and ease of usage, making them the apt choice to be used in the aviation industry. The butterfly valves were mainly used where a tight closure was not necessary, but on the other hand, currently, these valves are manufactured with tight seals made of rubber or elastomeric materials. In modern times, butterfly valves are used where there is limited space in the fluid ports in the aircraft body. Unlike gate valves, butterfly valves are typically used for throttling or regulating flow in fully open and fully closed positions. The pressure loss through a butterfly valve is small compared to the gate valve. These valves are qualified and used in military applications, helicopter applications, and almost all zones on turboprop and turbofan aircraft ranging from the engine compartment to the tailbone. The increased number of investments in the aviation industry, increased demand for forced induction devices, and a rise in the adoption of aircraft hybrid engines will lead to growth in the market in the years to come.
The United States Is Expected To Be The Largest Market During The Forecast Period
The United States is expected to be the largest market during the forecast period. The Key factor responsible for growth within the United States is the presence of many aircraft valve manufacturers. Moreover, the United States is backed by strong industry intelligence, making it a hub of the aviation industry, from component manufacturing to aircraft assembly. Additionally, there is a growing need for lightweight and high-performance aircraft valves in the region to support the demand from modern aircraft platforms such as Boeing 777x, Airbus 220, and Boeing 737 MAX.
The United States is also witnessing a rise in aircraft orders. Various airline companies within the United States are now focused on ordering new aircraft which is more fuel efficient and environmentally friendly. Companies such as United Airlines in September 2022 announced that they are negotiating with Boeing and Airbus for a sizeable wide-body aircraft order which they may place by the end of 2022. This has been done for United Airlines to expand its fleet. United Airlines already had orders for Airbus A350 aircraft, which was initially placed in 2010. The original order was for 25 Airbus A350-900 aircraft. By 2017, the order had been modified multiple times, and the airline changed its existing order from 35 A350-1000 to 45 A350-900 aircraft. Moreover, in December 2019, United announced that it was deferring its first delivery of the A350-900. As of the present scenario, the airlines still have an existing order for those 45 A350-900s aircraft. Thus, the increasing demand for commercial aircraft within the United States and the presence of leading aircraft valve manufacturers such as Honeywell International, Triumph Group, and Collins Aerospace will witness significant growth during the forecast period.
Aerospace Valves Industry Overview
Some of the most prominent players in the aircraft valves market are Eaton Corporation PLC, Safran SE, Woodwork Inc., Triumph Group, and Sitec Aerospace GmbH, amongst others. Various companies are now focused on growth strategies, including developing and launching new advanced products, product approvals, and patents. Thus, implementing and integrating technologies, such as the Internet of Things (IoT), will provide advanced capabilities for the newer generation of aircraft produced by OEMs.
Aerospace Valves Market Leaders
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Eaton Corporation PLC
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Triumph Group
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Sitec Aerospace GmbH
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Safran SE
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Woodwork Inc.
*Disclaimer: Major Players sorted in no particular order
Aerospace Valves Market News
- November 2022: Triumph Group announced that they had won a contract from Lockheed Martin to manufacture the brake valve assembly for the F-16 Fighting Falcon aircraft. The Triumph Group will provide production hardware and operational support for the F-16 aircraft.
- August 2022: Marsh brothers Aviation announced that they had won a four-year deal with Aviation Fabricators for supplying aircraft seat actuator valves after helping the company resolve an issue in the supply chain. AvFab has commissioned Marsh Brothers Aviation to provide a bespoke seat actuator valve to support AvFab's maintenance, repair, and overhaul of private and commercial aircraft seats.
- February 2022: ITT Aerospace Controls, which is a subsidiary of ITT Inc., announced that they have expanded and redesigned their aircraft component line with five new valves and actuators, thereby providing their customers with market-leading solutions to control fluid handling valves used in fuel, hydraulics, water, and environmental controls systems in the aerospace and defense industry.
Aerospace Valves Market Report - Table of Contents
1. Introduction
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. Market Segmentation
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5.1 By Valve Type
- 5.1.1 Butterfly Valve
- 5.1.2 Ball Valve
- 5.1.3 Rotary Valve
- 5.1.4 Gate Valve
- 5.1.5 Others
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5.2 By Aircraft Type
- 5.2.1 Commercial Aircraft
- 5.2.2 General Aviation Aircraft
- 5.2.3 Business Aircraft
- 5.2.4 Military Aircraft
- 5.2.5 Helicopters
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5.3 By Application
- 5.3.1 Fuel System
- 5.3.2 Hydraulic System
- 5.3.3 Pneumatic System
- 5.3.4 Others
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 India
- 5.4.3.3 Japan
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Latin America
- 5.4.4.1 Mexico
- 5.4.4.2 Brazil
- 5.4.5 Middle East and Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 South Africa
- 5.4.5.4 Rest of Middle East and Africa
6. Competitive Landscape
- 6.1 Vendor Market Share
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6.2 Company Profile
- 6.2.1 Eaton Corporation PLC
- 6.2.2 Safran SE
- 6.2.3 Woodward Inc.
- 6.2.4 Triumph Group
- 6.2.5 Parker Hannifin Corp.
- 6.2.6 Moong Inc.
- 6.2.7 Crissair Inc.
- 6.2.8 Liebherr
- 6.2.9 Porvair Plc
- 6.2.10 Sitec Aerospace GmbH
- 6.2.11 Triton Valves Ltd
- 6.2.12 Marotta Controls Inc.
- 6.2.13 Megitt Plc
- 6.2.14 Circor International Inc.
- 6.2.15 Honeywell International Inc.
- 6.2.16 Collins Aerospace
7. Market Opportunities and Future Trends
** Subject To AvailablityAerospace Valves Industry Segmentation
The valves in an engine, known as engine valves, are designed to balance and control the flow of gasses that come into and out of the cylinders located in the engine. They are intended to regulate the gas levels during the engine's combustion process. In basic terms, they serve to open and close a portal for air or gas coming in and out of the engine. Valves are often classified by the shape of the head, which may be flat, mushroom-type, tulip, or semi-tulip. Additionally, intake valves, for instance, must operate at lower temperatures than exhaust valves, usually made up of nickel, chrome, or tungsten steel. In contrast, the exhaust valves must withstand higher temperatures, which means they must be made of a more heat-resistant material, like silicon-chromium, cobalt-chromium alloys, or Inconel.
Additionally, the market has been segmented by valve, aircraft, application, and geography. By valve type, the market has been segmented by butterfly valve, ball valve, rotary valve, gate valve, and others. By aircraft type, the market has been segmented into commercial aircraft, general aviation aircraft, business aircraft, military aircraft, and helicopters. By application, the market has been segmented by the fuel system, hydraulic system, pneumatic system, and others. By geography, the market has been segmented by North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The report offers a market forecast and is represented by USD million. Furthermore, the report also includes various key statistics on the market status of leading market players and provides key trends and opportunities in the aircraft valves market.
| By Valve 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 | ||
| Others | ||
| By Geography | North America | United States |
| Canada | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | Latin America | Mexico |
| Brazil | ||
| By Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| South Africa | ||
| Rest of Middle East and Africa |
Aerospace Valves Market Research FAQs
What is the current Aerospace Valves Market size?
The Aerospace Valves Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Aerospace Valves Market?
Eaton Corporation PLC, Triumph Group, Sitec Aerospace GmbH , Safran SE and Woodwork Inc. are the major companies operating in the Aerospace Valves Market.
Which is the fastest growing region in Aerospace Valves Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aerospace Valves Market?
In 2024, the North America accounts for the largest market share in Aerospace Valves Market.
What years does this Aerospace Valves Market cover?
The report covers the Aerospace Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerospace Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aerospace Valves Industry Report
Statistics for the 2024 Aerospace Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerospace Valves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
