Aerospace valves are devices responsible for controlling the flow of gases and liquids within the aviation system. These critical components play a vital role in directing, regulating, or controlling the flow of various fluids, including gases, liquids, fluidized solids, or slurries. This is achieved by either closing, partially obstructing, or opening passageways.
The primary types of aerospace valves include butterfly valves, rotary valves, solenoid valves, flapper-nozzle valves, poppet valves, gate valves, ball valves, and others. For instance, a butterfly valve is a quarter-turn rotational motion valve utilized to shut off flow in pipelines and regulate the flow. Materials used in the production of aerospace valves include stainless steel, titanium, aluminum, and other suitable materials. These valves find applications in fuel, hydraulic, environmental control, pneumatic, lubrication, and water & wastewater systems. The distribution channels for these valves include both original equipment manufacturers (OEM) and the aftermarket.
The aerospace valves market research report is one of a series of new reports that provides aerospace valves market statistics, including aerospace valves industry global market size, regional shares, competitors with a aerospace valves market share, detailed aerospace valves market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace valves industry. This aerospace valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aerospace valves market size has grown strongly in recent years. It will grow from $12.16 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historic period can be attributed to several factors, including the expansion of the aerospace industry, increased air travel, stringent safety regulations, the expansion of space exploration activities, and satellite deployments, as well as the rising demand for fuel-efficient aircraft. These factors collectively contributed to the development and demand for aerospace valves during that period.
The aerospace valves market size is expected to see strong growth in the next few years. It will grow to $16.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to various factors, including an increasing focus on lightweight and compact valve designs, the growth in unmanned aerial vehicles (UAVs) and drones, the adoption of smart and connected valve technologies for real-time monitoring, the expansion of the commercial space industry, a growing demand for butterfly valves in various applications, and an increasing demand for forced induction devices. Key trends expected in the forecast period encompass the development of environmentally friendly and sustainable valve materials, the integration of 3D printing technology, an emphasis on predictive maintenance capabilities, collaboration between aerospace companies and valve manufacturers, and the increasing use of advanced coatings for improved durability and performance. These trends reflect the evolving landscape and innovations in the aerospace valve industry.
The aerospace valves market is poised for growth, propelled by the expansion of the global commercial aircraft fleet. The surge in air passengers worldwide has led to increased acquisitions of commercial aircraft globally. This rise in aircraft procurement by aerospace transport companies is anticipated to drive the demand for aerospace valves, given their crucial role in essential infrastructure within aircraft. Notably, in June 2021, United Airlines, a US-based airline company, announced plans to order 270 airplanes as part of its post-COVID growth strategy. Additionally, in May 2021, Airbus, a prominent aerospace company, revealed intentions to boost the production of its A320 planes. Consequently, the upswing in the global commercial aircraft fleet is expected to foster demand for aerospace valves throughout the forecast period.
The aerospace valves market is set to benefit from the escalating demand for satellite launches. Satellite launches involve deploying spacecraft into orbit using rockets, and aerospace valves play a vital role in controlling the flow of propellants, gases, and fluids in rocket engines and other systems. A report from the Government Accountability Office, a US-based government agency, in September 2022 indicated nearly 5,500 active satellites in orbit as of spring 2022, with an estimated additional 58,000 launches predicted by 2030. Consequently, the growing demand for satellite launches is poised to contribute significantly to the expansion of the aerospace valves market.
A noteworthy trend shaping the aerospace valves market is the increasing adoption of additive manufacturing. Notably, 3D printing is gaining prominence as an additive manufacturing technique, allowing the creation of physical objects from digital designs. Companies in the aerospace valves sector are increasingly leveraging 3D printing technologies to innovate in unibody and fuselage design and production. For instance, in July, Honeywell International Inc., a US-based conglomerate corporation, unveiled a bleed pressure regulating valve manufactured through the 3D printing process. This innovative approach is set to be installed in military trainer aircraft, showcasing the industry's commitment to advanced manufacturing techniques.
Leading companies in the aerospace valves market are strategically emphasizing product innovation, particularly in the development of butterfly valve ranges, to attain a competitive edge. A butterfly aerospace valve, characterized by a rotatable disc for fluid or gas flow control in aerospace applications, is a focal point for such innovations. Notably, in June 2021, Neles Corporation, a Finland-based provider of flow control products and services, introduced an advanced and versatile butterfly valve product line. This innovative product line facilitates straightforward valve setup across a broad spectrum of applications in both aerospace and process sectors. Leveraging proven technology and advanced functionality, this product line not only enhances process efficiency but also demonstrates a commitment to minimizing environmental impact.
In June 2021, Eaton Corporation PLC, an intelligent power management company based in Ireland, made a significant move by acquiring Cobham Mission Systems for $2.83 billion. This strategic acquisition positions Eaton to fortify its portfolio for robust growth and consistent performance in the market. Cobham Mission Systems, headquartered in the UK, is a key player in providing fuel tank inserting systems, space propulsion components, and other critical aerospace solutions.
Major companies operating in the in the aerospace valves market report are Safran SA, Parker Hannifin Corporation, Meggitt plc, Crissair Inc., Sitec Aerospace GmbH, Eaton Corporation plc, Woodward Inc., Triumph Group Inc., Moog Inc., Liebherr-Aerospace Lindenberg GmbH, Porvair Plc, Precision Fluid Controls Inc., ITT Inc., Lakshmi Technology and Engineering Industries Ltd., SSP Fittings Corp., The Lee Company, Aero Space Controls Corp., Wisconsin Oven Corp., Honeywell International Inc., Zodiac Aerospace SADIR, CIRCOR International Inc., AeroControlex Group Inc., Senior Aerospace Ltd., AVK Holding A/S, Parker Aerospace Corp., Crane Co., Valcor Engineering Corporation, Mooney Controls Corp., Regent Aerospace Corporation
North America was the largest region in the aerospace valves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace valves market share during the forecast period. The regions covered in the aerospace valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aerospace valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aerospace valves market consists of sales of check valve, sleeve valve, and motor-operated valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary types of aerospace valves include butterfly valves, rotary valves, solenoid valves, flapper-nozzle valves, poppet valves, gate valves, ball valves, and others. For instance, a butterfly valve is a quarter-turn rotational motion valve utilized to shut off flow in pipelines and regulate the flow. Materials used in the production of aerospace valves include stainless steel, titanium, aluminum, and other suitable materials. These valves find applications in fuel, hydraulic, environmental control, pneumatic, lubrication, and water & wastewater systems. The distribution channels for these valves include both original equipment manufacturers (OEM) and the aftermarket.
The aerospace valves market research report is one of a series of new reports that provides aerospace valves market statistics, including aerospace valves industry global market size, regional shares, competitors with a aerospace valves market share, detailed aerospace valves market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace valves industry. This aerospace valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aerospace valves market size has grown strongly in recent years. It will grow from $12.16 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historic period can be attributed to several factors, including the expansion of the aerospace industry, increased air travel, stringent safety regulations, the expansion of space exploration activities, and satellite deployments, as well as the rising demand for fuel-efficient aircraft. These factors collectively contributed to the development and demand for aerospace valves during that period.
The aerospace valves market size is expected to see strong growth in the next few years. It will grow to $16.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to various factors, including an increasing focus on lightweight and compact valve designs, the growth in unmanned aerial vehicles (UAVs) and drones, the adoption of smart and connected valve technologies for real-time monitoring, the expansion of the commercial space industry, a growing demand for butterfly valves in various applications, and an increasing demand for forced induction devices. Key trends expected in the forecast period encompass the development of environmentally friendly and sustainable valve materials, the integration of 3D printing technology, an emphasis on predictive maintenance capabilities, collaboration between aerospace companies and valve manufacturers, and the increasing use of advanced coatings for improved durability and performance. These trends reflect the evolving landscape and innovations in the aerospace valve industry.
The aerospace valves market is poised for growth, propelled by the expansion of the global commercial aircraft fleet. The surge in air passengers worldwide has led to increased acquisitions of commercial aircraft globally. This rise in aircraft procurement by aerospace transport companies is anticipated to drive the demand for aerospace valves, given their crucial role in essential infrastructure within aircraft. Notably, in June 2021, United Airlines, a US-based airline company, announced plans to order 270 airplanes as part of its post-COVID growth strategy. Additionally, in May 2021, Airbus, a prominent aerospace company, revealed intentions to boost the production of its A320 planes. Consequently, the upswing in the global commercial aircraft fleet is expected to foster demand for aerospace valves throughout the forecast period.
The aerospace valves market is set to benefit from the escalating demand for satellite launches. Satellite launches involve deploying spacecraft into orbit using rockets, and aerospace valves play a vital role in controlling the flow of propellants, gases, and fluids in rocket engines and other systems. A report from the Government Accountability Office, a US-based government agency, in September 2022 indicated nearly 5,500 active satellites in orbit as of spring 2022, with an estimated additional 58,000 launches predicted by 2030. Consequently, the growing demand for satellite launches is poised to contribute significantly to the expansion of the aerospace valves market.
A noteworthy trend shaping the aerospace valves market is the increasing adoption of additive manufacturing. Notably, 3D printing is gaining prominence as an additive manufacturing technique, allowing the creation of physical objects from digital designs. Companies in the aerospace valves sector are increasingly leveraging 3D printing technologies to innovate in unibody and fuselage design and production. For instance, in July, Honeywell International Inc., a US-based conglomerate corporation, unveiled a bleed pressure regulating valve manufactured through the 3D printing process. This innovative approach is set to be installed in military trainer aircraft, showcasing the industry's commitment to advanced manufacturing techniques.
Leading companies in the aerospace valves market are strategically emphasizing product innovation, particularly in the development of butterfly valve ranges, to attain a competitive edge. A butterfly aerospace valve, characterized by a rotatable disc for fluid or gas flow control in aerospace applications, is a focal point for such innovations. Notably, in June 2021, Neles Corporation, a Finland-based provider of flow control products and services, introduced an advanced and versatile butterfly valve product line. This innovative product line facilitates straightforward valve setup across a broad spectrum of applications in both aerospace and process sectors. Leveraging proven technology and advanced functionality, this product line not only enhances process efficiency but also demonstrates a commitment to minimizing environmental impact.
In June 2021, Eaton Corporation PLC, an intelligent power management company based in Ireland, made a significant move by acquiring Cobham Mission Systems for $2.83 billion. This strategic acquisition positions Eaton to fortify its portfolio for robust growth and consistent performance in the market. Cobham Mission Systems, headquartered in the UK, is a key player in providing fuel tank inserting systems, space propulsion components, and other critical aerospace solutions.
Major companies operating in the in the aerospace valves market report are Safran SA, Parker Hannifin Corporation, Meggitt plc, Crissair Inc., Sitec Aerospace GmbH, Eaton Corporation plc, Woodward Inc., Triumph Group Inc., Moog Inc., Liebherr-Aerospace Lindenberg GmbH, Porvair Plc, Precision Fluid Controls Inc., ITT Inc., Lakshmi Technology and Engineering Industries Ltd., SSP Fittings Corp., The Lee Company, Aero Space Controls Corp., Wisconsin Oven Corp., Honeywell International Inc., Zodiac Aerospace SADIR, CIRCOR International Inc., AeroControlex Group Inc., Senior Aerospace Ltd., AVK Holding A/S, Parker Aerospace Corp., Crane Co., Valcor Engineering Corporation, Mooney Controls Corp., Regent Aerospace Corporation
North America was the largest region in the aerospace valves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace valves market share during the forecast period. The regions covered in the aerospace valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aerospace valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aerospace valves market consists of sales of check valve, sleeve valve, and motor-operated valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aerospace Valves Market Characteristics3. Aerospace Valves Market Trends And Strategies31. Global Aerospace Valves Market Competitive Benchmarking32. Global Aerospace Valves Market Competitive Dashboard33. Key Mergers And Acquisitions In The Aerospace Valves Market
4. Aerospace Valves Market - Macro Economic Scenario
5. Global Aerospace Valves Market Size and Growth
6. Aerospace Valves Market Segmentation
7. Aerospace Valves Market Regional And Country Analysis
8. Asia-Pacific Aerospace Valves Market
9. China Aerospace Valves Market
10. India Aerospace Valves Market
11. Japan Aerospace Valves Market
12. Australia Aerospace Valves Market
13. Indonesia Aerospace Valves Market
14. South Korea Aerospace Valves Market
15. Western Europe Aerospace Valves Market
16. UK Aerospace Valves Market
17. Germany Aerospace Valves Market
18. France Aerospace Valves Market
19. Italy Aerospace Valves Market
20. Spain Aerospace Valves Market
21. Eastern Europe Aerospace Valves Market
22. Russia Aerospace Valves Market
23. North America Aerospace Valves Market
24. USA Aerospace Valves Market
25. Canada Aerospace Valves Market
26. South America Aerospace Valves Market
27. Brazil Aerospace Valves Market
28. Middle East Aerospace Valves Market
29. Africa Aerospace Valves Market
30. Aerospace Valves Market Competitive Landscape And Company Profiles
34. Aerospace Valves Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Aerospace Valves Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aerospace valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for aerospace valves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Type: Butterfly Valves; Rotary Valves; Solenoid Valves; Flapper-nozzle Valves; Poppet Valves; Gate Valves; Ball Valves; Other Types 2) By Material: Stainless Steel; Titanium; Aluminum; Other Materials 3) By Application: Fuel System; Hydraulic System; Environmental Control System; Pneumatic System; Lubrication System; Water & Wastewater System 4) By End Use: OEM; Aftermarket
- Companies Mentioned: Safran SA; Parker Hannifin Corporation; Meggitt plc; Crissair Inc.; Sitec Aerospace GmbH
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Safran SA
- Parker Hannifin Corporation
- Meggitt plc
- Crissair Inc.
- Sitec Aerospace GmbH
- Eaton Corporation plc
- Woodward Inc.
- Triumph Group Inc.
- Moog Inc.
- Liebherr-Aerospace Lindenberg GmbH
- Porvair Plc
- Precision Fluid Controls Inc.
- ITT Inc.
- Lakshmi Technology and Engineering Industries Ltd.
- SSP Fittings Corp.
- The Lee Company
- Aero Space Controls Corp.
- Wisconsin Oven Corp.
- Honeywell International Inc.
- Zodiac Aerospace SADIR
- CIRCOR International Inc.
- AeroControlex Group Inc.
- Senior Aerospace Ltd.
- AVK Holding A/S
- Parker Aerospace Corp.
- Crane Co.
- Valcor Engineering Corporation
- Mooney Controls Corp.
- Regent Aerospace Corporation
Methodology
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