Global Aerospace Valves Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Aerospace Valves Market 2021 (Includes Business Impact of COVID-19)
Global Aerospace Valves Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028 report has been recently generated by Trusted Business Insights. The global aerospace valves market report has been segmented on the basis of valve type, material type, mechanism, aviation type, end-user, and region.
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The global Aerospace Valves market size was valued at USD$ 7.20 billion in 2020 and is projected to reach UDS$10.83 billion by 2030, and is anticipated to expand at a CAGR of 4.25% over the forecast period from 2020 to 2030.


Global Aerospace Valves Market: Introduction


An aerospace valve is a device that is used for directing, regulating, or controlling the flow of fluid such as gases, fluidized solids, liquids, or slurries by closing, partially obstructing, or opening passageways. Valves are fittings but are commonly referred to as a separate category. Hydraulic action points are critical to any aircraft operation and aerospace valves play an important role. Therefore, the aerospace valve needs to be precise and resilient in order to optimize the performance of the aircraft.


Global Aerospace Valves Market: Dynamics


The global aerospace valves market is projected to register significant growth over the forecast period, owing to the rising number of aircraft orders. Increasing air passenger traffic across the globe has resulted in an increasing demand for more aircraft orders globally. The shorter life cycle of aerospace valves and the need for replacement is also expected to augment growth of the global aerospace valves market over the forecast period. The global aerospace valves market is also estimated to expand, owing to growing demand from airlines for lightweight valves in order to decrease the weight of aircraft. In addition, growing disposable income of the middle-class population is expected to drive demand for aircraft, leads to a growth of the global aerospace valves market over the forecast period. Increasing globalization of trades has led to an increase in cargo plane frequencies, that has resulted in a growth of the global aerospace valves market.

Backlogs related to aircraft deliveries, owing to inadequate manufacturing capacities of prominent aircraft manufacturing companies, may restrain growth of the global aerospace valves market over the estimated time period. Increasing technological advancement in analytical systems is expected to lead to product innovation, which is expected to create revenue opportunities for the players in the global aerospace valves market in the coming years, leading to growth of the global aerospace valves market over the estimated time period.


Global Aerospace Valves Market: Analysis by Region


The market in North America accounts for the highest revenue share of the global aerospace valves market, owing to the increasing demand for the military as well as the commercial fleet. Asia Pacific market is expected to become the fastest growing market for aerospace valves, owing to an increasing preference for flight journeys among the middle-class population in the region. In addition, increasing demand for airways, coupled with increasing disposable income among the population of developing countries in the region is expected to drive growth of the regional aerospace valves market.


Below are the active patents related to Aerospace Valves Market.


Patent Number: US8833695B2

Aircraft hydraulic air bleed valve system

Abstract

An aircraft hydraulic air bleed valve system having an air vent valve connected to an electronic controller where the opening of the air vent valve is permitted only when the aircraft is in a pre-determined flight mode where the aircraft flight mode is determined by a gyroscope connected to the controller.

Application File Date: 2011-10-17

Application Granted Date: 2014-09-16

Current Assignee: Eaton Intelligent Power Ltd

Patent Number: US20090293624A1

Hydraulic/pneumatic charging valve with integrated pressure transducer

Abstract

The present invention is a device that allows the pressure inside an aircraft landing gear shock strut to be measured. A charging valve is modified by integrating a small pressure sensing device into the stem of the part such that the active diaphragm is subjected to the pressure within the charged vessel. The wires from the pressure sensing device are connected to a receptacle or connector in the bore of the stem such that a corresponding electrical receptacle may be mated for the purposes of making a measurement. The internal receptacle is designed such that the flow of air or oil is not excessively impeded and normal servicing tools do not interfere with the receptacle.

Application File Date: 2007-08-24

Application Granted Date: 2010-12-07

Current Assignee: Safran Landing Systems Canada Inc

Patent Number: US7571742B2

Butterfly outflow valve

Abstract

An outflow valve is disclosed for use in a pressure vessel. The outflow valve includes a dual wall valve housing having a central bore, a butterfly plate assembly and an angled drive shaft. The butterfly plate assembly is designed to fit and rotate within the central bore. The angled drive shaft has first and second ends rotateably coupled to the dual wall valve housing, and the angled drive shaft is attached to the butterfly plate. The drive shaft is designed to rotate the butterfly plate assembly between a closed position and an open position within the central bore.

Application File Date: 2005-03-23

Application Granted Date: 2009-08-11

Current Assignee: Honeywell International Inc

Global Aerospace Valves Market Segmentation:

Segmentation by Valve Type:

  
Fuel System Valves
  
Hydraulic System Valves
  
Air Conditioning System Valves
  
Ice & Rain Protection Valves
  
Lubrication systems Valves
  
Water and Waste System Pumps
  
Pneumatic System Valves

Segmentation by Material Type:

  
Aluminium
  
Steel
  
Titanium
  
Others

Segmentation by Mechanism:

  
Flapper-nozzle Valves
  
Poppet Valves
  
Pilot Valves
  
Ball and Plug Valves
  
Others

Segmentation by Aviation Type:

  
Military Aviation
  
Commercial Aviation
  
Business and General Aviation

Segmentation by End-User:

  
Aftermarket
  
Original Equipment Manufacturers (OEM)


Key Market Players included in the report:


  
Aero Fluid Products (Transdigm Group, Inc.)
  
CIRCOR International, Inc.
  
CLARCOR Inc. (US)
  
Crane Aerospace
  
Crissair Zodiac Aerospace
  
Donaldson Inc. (US)
  
Dynex/Rivett
  
Eaton Corporation Inc.
  
Freudenberg & Co. KG (Germany)
  
Honeywell International Inc.
  
ITT Aerospace Controls
  
Lakshmi Technology and Engineering
  
Liebherr
  
Marotta Controls
  
Meggitt PLC
  
Moog Inc.
  
Nutek Aerospace Corporation
  
Pall Corporation
  
Parker Hannifin Corporation (US)
  
Porvair
  
Precision Fluid Controls
  
Ram Company
  
Safran
  
Sitec Aerospace GmbH
  
Triumph Group
  
United Technologies
  
Valcor Engineering
  
Woodward
  
Zodiac Aerospace


Below are the key development related to Aerospace Valves Market in 2020 and 2021.


April 2021: Searchlight Capital Partners to Acquire Technical Airborne Components from TransDigm Group. Technical Airborne Components (“TAC”, “the Company”), a leading designer and manufacturer of rods and struts for the aerospace industry, is pleased to announce that Searchlight Capital Partners (“Searchlight”), a leading global private investment firm, has entered into a definitive agreement to acquire the Company from TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG). Source