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.
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However, existing backlogs in aircraft deliveries are restraining the growth of the aircraft pumps market.
Aircraft Pumps Market, By Type
- Fuel Pumps
- Hydraulic Pumps
- Lubrication Pumps
- Water and Waste System Pumps
- Airconditioning and Cooling Pumps
Aircraft Pumps Market, By Technology
- Engine Driven
- Electric Motor Driven
- Ram Air Turbine Driven
- Air Driven
Aircraft pumps, based on type, have been segmented into fuel pumps, lubrication pumps, water & waste system pumps, and air conditioning and cooling pumps. The air conditioning and cooling pumps segment is projected to grow at the highest CAGR in the aircraft pumps market during the forecast period.
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Aircraft pumps, based on end user, have been segmented into OEM and aftermarket. The aftermarket segment is projected to grow at the highest CAGR during the forecast period.
According to the International Air Transport Association (IATA) report, Revenue Passenger Kilometers (RPKs) increased by 6.5% in 2015 as compared to 2014.
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The geographical analysis of the aircraft pumps market includes regions, such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). The North American region accounted for the largest share of the aircraft pumps market in 2016.
Various countries, such as Brazil, Argentina, Saudi Arabia, and UAE, among others, are expected to have increasing military and commercial aircraft deliveries.
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Products offered by various companies in the aircraft pumps market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2009 and 2016.
Major companies profiled in the report are Parker Hannifin (US), Eaton (Ireland), Honeywell (US), Zodiac Aerospace (France), Woodward (US), and AeroControlex (US), among others. Agreements and acquisitions accounted for a major share of the total growth strategies adopted by the leading players in the aircraft pumps market.
These strategies have enabled companies to strengthen their market shares in the aircraft pumps market.
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