Global Aircraft Filters Market: Key Highlights
Global Aircraft Filters Market: Key Market Dynamics
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Global Aircraft Filters Market: Regional Overview
The North America is expected to dominate the aircraft filters market during growth period. High presence of aircraft manufacturers and increasing demand for lightweight aircraft will drive the aircraft filters market during growth period. US and Canada will drive the aircraft filters market in North America region. The US Aerospace and Defense (A&D) industry is the world’s leading innovator and producer of technologically advanced aircraft, space and defense systems and supports one of the largest high-skill and high-wage workforces in the nation.
Asia-Pacific is expected to grow at faster rate during growth period. China and India will drive the overall aircraft filters market in APAC region. According to IATA, Asia Pacific will be the biggest driver of demand from 2015 to 2035 with more than half of the new passenger traffic coming from the region. China will replace the US as the world’s largest aviation market around 2024. India will displace the UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. By 2035, an additional 1.8 billion annual passengers will be transported to, from and within Asia Pacific for an overall market size of 3.1 billion. The region will also grow by 4.7% annually. Hence, APAC region will grow at faster rate in aircraft filters market.
Global Aircraft Filters Market: Key Players Overview
Pall Corporation is a filtration, separation and purification leader providing solutions to meet the critical fluid management needs of customers across the broad spectrum of life sciences and industry. Pall works with customers to advance health, safety and environmentally responsible technologies. For aircraft filters, the company provide cabin air filters solutions for commercial aircraft. In March 2019, the company Obtains FAA PMA Approved and Extend Its Advanced Cabin Air Filters (A-CAF) Product Line to The Boeing 737, 757 And 777.
Parker’s engineering expertise and broad range of core technologies like electromechanical, hydraulic and pneumatic with a full complement of fluid handling, filtration, sealing and shielding, climate control, process control and aerospace technologies uniquely positions the company to help solve the world’s greatest engineering challenges. The company partners with its customers to increase their productivity and profitability. With focus primarily on business opportunities in the areas of energy, water, agriculture, environment, defense, life sciences, infrastructure and transportation, Parker has been consistently increasing its presence in these sectors. In this market, the company engages in the provision of aviation fuel filtration vessels and aviation filter cartridges.
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