Aug 19, 2021   SOURCE: BusinessWire

Opportunities and Trends in the Global Aircraft Filters Market to 2026: Short Replacement Cycle of Aircraft Filters and Increasing Demand for Military UAVs - ResearchAndMarkets.com

The "Aircraft Filters Market by Aircraft Type (Fixed Wing, Rotary Wing, UAV), Sales Channel (OEM, Aftermarket), Type (Fluid, Air), Application (Engine, Hydraulic System, Avionics, Cabin, Pneumatic system), Material, Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global aircraft filters market size is projected to grow from USD 823 million in 2021 to USD 1,002 million by 2026, at a CAGR of 4.0% from 2021 to 2026. The market is driven by various factors, such as increase in aircraft renewals and aircraft deliveries.

The aircraft filters market includes major players Parker Hannifin Corporation (US), Donaldson Inc. (US), Safran (France), Porvair PLC (UK), and Freudenberg & Co.KG (Germany). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected aircraft filters production and services by 7-10% globally in 2020.

The hydraulic system segment is expected to be the largest market by value. Hydraulic fluids play a crucial role in aircraft systems for lubrication, creating an energy transmission channel as well as providing a means for heat transfer. Most hydraulic system failures are caused due to contamination within the systems. These systems cannot perform if any of their functions are compromised. Contamination can lead to losses by way of high maintenance costs, increased downtime, and high replacement costs. The purpose of hydraulic filters is twofold: to keep the oil clean and to reduce on-going maintenance costs. Hydraulic filters will always play a crucial role in aircraft and aircraft systems since they are required in all functions like landing and takeoff gear systems, braking systems, wings, etc. Hence, even when electric aircraft become prominent, hydraulics would be a necessary part of their aircraft systems. The future of the aircraft filters market is based on the performance of this segment.

Based on the platform, the unmanned aerial vehicles segment is projected to grow at the highest CAGR rate for the aircraft filters market during the forecast period. UAVs are a relatively newer concept in the field of aviation and are a hybrid version of fixed wing and rotary wing aircraft. These aircraft have a wide range of applications ranging from civilian purposes like goods delivery and military purposes like surveillance and reconnaissance to research purposes like studying the relief features and vegetation cover of a region.

North America is projected to be the largest regional share of the aircraft filters market during the forecast period. The market is in the growing stage in North America, with leading aircraft manufacturers, aircraft filter manufacturers, and distributors present in the region. The countries considered for market analysis in this region are the US and Canada. The manufacturing operations of raw materials, components, and assembly lines of aircraft filters have been affected by the COVID-19 pandemic. Aircraft systems, which include aircraft filters, are of prime importance due to their use in the commercial and defense sectors.

The general & business aviation industry in North America is one of the most developed in the world. Further expansion of this industry and the increasing demand for light aircraft and business jets are set to boost the aircraft filters market in the region. As the pandemic recedes and businesses & tourism return to normal levels, the aircraft filters market in North America is expected to grow steadily.

The study covers the aircraft filters market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on application, type, material, platform, sales channel, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Aircraft Filters Market, by Platform

8 Aircraft Filters Market, by Application

9 Aircraft Filters Market, by Type

10 Aircraft Filters Market, by Sales Channel

11 Aircraft Filters Market, by Material

12 Regional Analysis

13 Competitive Landscape

14 Company Profiles

  • Aerospace Systems & Components Inc.
  • Aljac Fuelling Components Limited
  • Arrowprop Company
  • Camfil
  • Donaldson, Inc.
  • Eaton Corporation plc
  • Faudi Aviation GmbH
  • Filtration Group
  • Fluid Conditioning Products Inc.
  • Freudenberg & Co. Kg
  • Gu'An Z&L Filtration Technology Manufacture Company Ltd.
  • Hfe International, LLC
  • Holllingsworth & Vose
  • Honeywell International Inc.
  • Pall Corporation
  • Parker Hannifin Corporation
  • Porvair plc
  • Pti Technologies
  • Rapco Inc.
  • Recco Filters
  • Safran Group
  • Sky Power GmbH
  • Swift Filters, Inc.
  • Tempest Plus
  • Xinxiang City Huahang Filter Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/n0mzo9

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