Dublin, Dec. 01, 2020 (GLOBE NEWSWIRE) -- The "Aerospace Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Aerospace Valves estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Steel, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$806.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aluminum segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 5.4% CAGR
The Aerospace Valves market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$928.5 Million by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Titanium Segment to Record 3.3% CAGR
In the global Titanium segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$870.7 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$632.5 Million by the year 2027, while Latin America will expand at a 4.1% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AeroControlex Group
- Circor International, Inc.
- Crane Aerospace & Electronics
- Crissair, Inc.
- Dynex/Rivett, Inc.
- Eaton Corporation
- Honeywell Aerospace
- ITT Aerospace Controls
- Lakshmi Technology and Engineering Industries Limited
- Liebherr-International Deutschland GmbH
- Marotta Controls, Inc.
- Meggitt PLC
- Moog, Inc.
- Nutek Aerospace Corporation, Inc.
- Parker Hannifin Corporation
- Porvair PLC
- Precision Fluid Controls Srl
- Ram Company
- Sitec Aerospace GmbH
- Triumph Group, Inc.
- United Technologies Corporation (UTC)
- Valcor Engineering Corporation
- Woodward, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Aerospace Valves: An Introductory Prelude
- Uptrend in Aircraft Parts Demand Instigates Robust Momentum in Aircraft Valves Market
- Aerospace Valves Market to Gain from Prevailing Scenario in the World Aerospace Industry
- Ongoing Expansion in Commercial Airline Fleet Size Points Towards Strong Demand for Aerospace Valves
- Growing Passenger & Cargo Traffic Promote the Need for New Aircraft
- Higher Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
- Progressive Momentum in Business Jet Segment Amplifies Opportunities
- Healthy Trajectory in MRO Services Sector Widens the Demand for Aftermarket Valves
- Current MRO Market Trends Across Various Geographic Regions
- Global Competitor Market Shares
- Aerospace Valves Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Titanium Valves: The Largest & Fastest Growing Market Segment
- Established Role of Aluminium in Aircraft Manufacturing Enhances the Prospects for Aluminium Valves
- Demand for Steel Valves Remains Lethargic Due to Weight Considerations
- Critical Importance of Maintaining Fuel System Integrity Builds Momentum for Sophisticated Fuel Valves
- Types of Aircraft Fuel Valves
- Valves Play Important Role in Aircraft Hydraulic System
- Immense Use Case in Engine Lubrication System
- Surge Protection Valves for Smoother Functioning of Engine Lubrication System
- Oil Pressure Regulating Valve for Containing Oil Pressure
- Proven Proficiency of Intake Valves and Exhaust Valves in Engine Performance Improvement
- Advanced Valve Designs Gain Traction in Brake Anti-Skid Systems
- Rising Demand for Efficient, High-Performance C Class Hardware Underpins Sales Growth
- 3D Printing Comes to Fore in Design and Manufacture of Sophisticated Valve Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mtvg54
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