Aircraft Valve Market is expected to reach US$ 6084.9 million by 2027

Constant Growth in Shipment Volumes of General Aviation Aircraft Fleet to Support Aircraft Valve Market Growth

According to our latest market study on “Aircraft Valve Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product Type, Valve Type, Aircraft Type, and End User,” the market was valued at US$ 4192.4 million in 2019 and is projected to reach US$ 6084.9 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

The general aviation sector in the world is growing exponentially since the last few years due to the constant increase in volumes of orders and deliveries. Rising demand for general aviation aircraft is majorly attributed to rise in the purchase of business and corporate jets in developed, as well as a few developing, countries. The presence of multiple general aviation aircraft manufacturers globally is showcasing the year-on-year growth in orders and deliveries. Presently, various general aviation aircraft original equipment manufacturers (OEMs) are stressing on increasing the flight range and durability of the aircraft models to make flying the aircraft over a longer distance easy for operators. Increase in flying range has fueled intercontinental flying operations in the general aviation aircraft industry. This factor has boosted the procurement of aircraft valves among general aviation aircraft manufacturers and operators, thereby catalyzing the aircraft valve market growth.

The aircraft valve market is segmented on the basis of product type, valve type, aircraft type, end user, and geography. On the basis of product type, the market is segmented into fuel system valves, hydraulic system valves, air conditioning system valves, lubrication systems valves, and others. The lubrication system valves segment is projected register the fastest CAGR in the overall aircraft valve market during the forecast period. On the basis of valve type, the market is segmented into pilot valves, poppet valves, flapper-nozzle valves, and others. The poppet valves segment contributed the largest revenue share to the market in 2019. The aircraft valve market, by aircraft type, is segmented into fixed-wing and rotary-wing. The fixed-wing segment accounted for a larger market share in 2019. On basis of end user, the market is segmented into OEM and MRO. The OEM segment held the largest market share in 2019. On the basis of geography, the aircraft valve market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest share of the market, followed by Europe and APAC, respectively. The market in Europe is projected to grow at the highest CAGR during 2020–2027.

Impact of COVID–19 Pandemic on Aircraft Valve Market

The COVID-19 pandemic has been creating challenges for medical institutions, healthcare institutes, manufacturing units, commercial office premises, shopping complexes, and airports worldwide. As North America, Europe and APAC consist of higher density of aircraft and component manufacturers, the outbreak has severely affected the production of each. The lower number of manufacturing staff and temporary suspension of production facilities have resulted in lesser production quantity. Boeing, the aviation giant in the North American region, has witnessed a significant fall in orders and production, which is one of the key factors restraining the aircraft valve market. Apart from Boeing, other aircraft OEMs such as Bombardier, Textron, and Gulfstream also experienced the similar adverse effect of the pandemic. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly limited the aircraft valve market players’ growth in 2020.

Aircraft Valve Market Breakdown—by Region, 2019 (%)

The global aircraft valve market has been segmented as follows:

Aircraft Valve Market – by Product Type

• Fuel System Valves
• Hydraulic System Valves
• Air Conditioning System Valves
• Lubrication System Valves
• Others

Aircraft Valve Market – by Valve Type

• Poppet Valves
• Pilot Valves
• Flapper-Nozzle Valves
• Others

Aircraft Valve Market – by Aircraft Type

• Fixed-Wing
• Rotary-Wing

Aircraft Valve Market – by End User

• OEM
• MRO

Aircraft Valve Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Rest of SAM