Aircraft Hydraulic System - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Aircraft Hydraulic System Market is accounted for $1,053.56 million in 2018 and is expected to reach $1,795.14 million by 2027 growing at a CAGR of 6.1% during the forecast period. Some of the key factors influencing the market growth include increasing need for a highly reliable system, rise in global air travel, the surge in new aircraft deliveries and wide range of load handling capacity of the hydraulic system. However, the high cost of maintenance of hydraulic system hampers the growth of the market.
Aircraft hydraulic systems enhance the efficiency of an aircraft’s components. It facilitates the easy operation of flaps, landing gear, brakes and flight control surfaces in aircraft. The complexity of aircraft hydraulic systems depends on the size of the aircraft. Aircraft hydraulic systems have many advantages such as lower cooling cost, high reliability, load handling capacity and high power to weight ratio.
Based on the component, the pumps segment is projected to witness significant growth during the forecast period. Pumps are a crucial component of the aircraft hydraulic system. These are expected to be increasingly used in new aircraft, due to the reduction in the overall weight of an aircraft that can be achieved by the use of pumps. Pumps provide high pressure of fluid even in very thin pipelines.
By Geography, North America region have a huge demand due to the presence of a large number of original equipment manufacturers (OEMs) and the presence of key market players. In North America, the U.S. aircraft hydraulic system manufacturers are witnessing huge opportunities in the market as the domestic aircraft industry is undertaking international projects to develop small jets and transport & patrol aircraft for defence.
Some of the key players in global Aircraft Hydraulic System market are Liebherr-International AG, Parker Hannifin Corporation, Senior plc., Triumph Group, Inc., United Technologies Corporation, Arkwin Industries Inc., Safran S.A., Woodward, Inc., General Aerospace GmbH, Eaton Corporation PLC, Beaver Aerospace & Defense, Inc., and Moog Inc.
• Hydraulic Fluid
• Hoses, Pipes & Connectors
• Vane & Spur Gear
• Pressure Regulator
• Other Components
• Open Center Hydraulic System
• Closed Center Hydraulic System
• Rotary Wing
• Fixed Wing
Aircraft Types Covered:
• Civil Aircraft
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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