Any system that uses compressed air to move something is referred to as a pneumatic system. Many different sections of an aero plane can be moved using pneumatic or hydraulic components, which are similar to pneumatic components but use pressurized water instead of air. Pneumatic systems, often known as vacuum or pressure systems, are responsible for a variety of vital aircraft operations. Many activities are driven by the pneumatic system, including power instrument landing gear, flaps, windows, air conditioning, doors, and autopilot devices. The worldwide aviation market has seen a surge in demand for fuel-efficient planes that are lighter and more efficient to operate. This, combined with an increased awareness of environmental issues and a global push to eliminate waste in manufacturing processes, has resulted in the integration of various technological developments, transforming the aerospace sector as a whole.
COVID-19 Impact analysis
Medical institutions, healthcare institutes, manufacturing operations, commercial office buildings, shopping malls, and airports all face issues as a result of the COVID-19 pandemic. As APAC has a larger density of aircraft and component manufacturers, the pandemic has had a significant impact on their output. 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. Other aircraft manufacturers, including Bombardier, Textron, and Gulfstream, were affected by the pandemic in the same way as Boeing. The growth of aviation valve market players has been severely hampered by a limited workforce, supply chain disruptions, and low order volumes.
Top impacting factor
Increase in aircraft deliveries, additive manufacturing of aerospace valves, and shorter replacement cycles of aerospace valves are the major factors drives the growth of the aerospace pneumatic valves market.
Increase in electrification of aircraft systems, and enhanced operational efficiency of aerospace valves are the restraints that hindered the growth of the aerospace pneumatic valves market.
Introduction of lightweight valves and fluctuating raw materials price impact growth are the major factors offering an opportunity for the growth of aerospace pneumatic valve market.
Additive manufacturing of aerospace valves
The aerospace sector has been changed by the ubiquitous effect of technology, with newer and better prototype and manufacturing techniques poised to revolutionize the way production is carried out. One of these is additive manufacturing, often known as 3D printing, which has steadily gained popularity in the aerospace industry for the production of components such as valves. Aerospace pneumatic valves manufacturers are increasingly leveraging this process to reduce development time and part weight, and increasing the operational efficiency of the product. The 3D printing process is being seen as a crucial technology, the adoption and use of which is likely to shape the evolution of the industry itself. For
instance, Eaton, a leading player in the global aerospace landscape, announced the use of additive printing for the manufacturing of aluminum housing and valves for the ram air valve assembly.
Fluctuating raw materials price
In recent years, the commercial aviation industry has grown as airlines add to their fleets and demand for advanced jets rises, which has been impacted by the global push for cost-effective and energy-efficient aircraft. This, combined with a rise in passenger travel, has resulted in the development of newer aircraft with more advanced technology. With the manufacturing of aircraft on the rise, there is high demand for efficient valves for a myriad of purposes, including hydraulics, fuel, pneumatics, and air-conditioning systems, which is expected to have a direct and positive impact on the aerospace valves market. The worldwide aerospace valves market, as well as the variable pricing of raw materials used in valve manufacture and the high expenses of research and development, are all having an impact on the landscape. As a result, manufacturers in the aerospace valves market have been unable to fulfil growing demand from end users, which is projected to have a negative influence on the industry's growth. For instance, the dearth of raw materials has also led to a slowdown in the innovation of aerospace valves, which is also expected to negatively impact the expansion of the landscape.
Key Benefits of the Report
- This study presents the analytical depiction of the aerospace pneumatic valve market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges the aerospace pneumatic valve market.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- The report provides a detailed aerospace pneumatic valve market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the aerospace pneumatic valve market research report:
- Who are the leading players in the aerospace pneumatic valve market?
- What are the critical challenges faced by manufacturers in the aerospace pneumatic valve market?
- What are the market trends, driving factor and opportunities involved in this market?
- What are the key segments covered in the aerospace pneumatic valve market?
- What are the projection for the future that would help in taking further strategic steps?
Aerospace Pneumatic Valves Market Report Highlights
Key Market Players
Safran, CIRCOR International, Inc., Parker Hannifin Corporation, Meggitt PLC, Aero Fluid Products, Crissair Inc, Eaton Corporation Inc., Honeywell International Inc, Moog Inc., Sitec Aerospace GmbH