The Global Aircraft Filters Market is projected to reach a value of over USD 13.6 billion by 2027 at a CAGR of around 7.2%.
Aircraft filters are designed for removing unwanted contaminants and debris from hydraulic systems, engines, cabins, and avionics. Contaminants are consisting of glass, ash, rubber, and sand etc. The main aim of aircraft filter is to eradicate contaminants from a system and ensure fluid and air cleanliness within design tolerances. In current scenario, the risk on airplanes is probably lower than in many confined spaces because modern airplanes have cabin air filtration systems equipped with HEPA filters. HEPA filters are effective at capturing greater than 99 percent of the airborne microbes in the filtered air. Filtered, recirculated air provides higher cabin humidity levels and lower particulate levels than 100% outside air systems. The major players in the aircraft filters market are Pall Corporation, PARKER HANNIFIN CORP, Donaldson Company, Inc., and Eaton among others.
Market Driver:
Increasing global population, increasing need for import & export of products, rising travel & tourism, and increasing need for security will increase the need of new aircrafts during the forecast period.
Source: Homi Kharas, Brookings Institution; United Nations
A rising urban middle class families and increasing number of new travelers will also add some value in growth of the market. According to the International Air Transport Association (IATA), in 2016 there were a staggering 3.8 billion air travelers, a number it predicts will balloon to 7.2 billion passengers by 2035.
Market Opportunity:
Asia-Pacific is driving demand for new aircraft. Aviation traffic in the region is expected to grow by 4.7% annually and reach 3.1 billion passengers by 2035. According to Boeing, Asia-Pacific region will receive 17,390 deliveries between 2019 and 2038. The total fleet is expected to rise to 19,420 aircraft by 2038, with a service market volume of approximately USD 3.5 billion. In comparison, Europe and North America combined are forecasted to receive around 18,100 deliveries and a combined fleet of about 20,200. Combined service market volume is estimated to reach nearly USD 3 billion. Hence it will create more new opportunities for the aircraft filters market during forecast period.
The report on the aircraft filters market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, Application, End Use, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Aircraft Filters Market, by Type
Aircraft Filters Market, by Application
Aircraft Filters Market, by End Use
Aircraft Filters Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Aircraft Filters MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY