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Forecasted Growth of the Global Aircraft Pumps Market

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The Global Aircraft Pumps Market size is projected to grow from USD 3.6 billion in 2023 to USD 4.6 billion by 2028, at a CAGR of 4.8% from 2023 to 2028. – PowerPoint PPT presentation

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Title: Forecasted Growth of the Global Aircraft Pumps Market


1
(/) HAOMiEr(c/) rAaBfOtUTPUSu(/mABOpUSTseUaSr-Mc8
h.HTRaMerLp)koretLsEtADERSHIP TEAMS(/iLgEnAInDE(hR
tStpHsIP//TwEwAwM.m.AaSrPke) tsandmarkets.com/sig
nin.asp) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP
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(/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) HOME
(/) ? TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP
) ? AIRCRAFT PUMPS MARKET 7500 COMPANIES
WORLDWIDE APPROACH US EVERY YEAR FOR THEIR
REVENUE GROWTH INITIATIVES KANiOrWcrMaOfRtEPu(/mKn
opwsledMgesatorrek.aesptbreqyueTsty_frpeee_tr(iaH
l) ydraulic pumps, Fuel pumps, Lube and scavenge
pumps, Water and waste water pumps, Air
conditioning cooling pumps), Pressure, End Use
(OEM, Aftermarket), Technology, Aircraft Type and
Region Global Forecast to 2028 FREE BROCHURE
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REPORT (/requestsampleNew.asp?id84962943) Report
Code AS 6056Sep, 2023, by marketsandmarkets.com D
ESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLO
AD PDF (/PDFDOWNLOADNEW.ASP?ID84962943) 411
Pages Report The Global Aircraft Pumps Market
size is projected to grow from USD 3.6 billion in
2023 to USD 4.6 billion by 2028, at a CAGR of
4.8 from 2023 to 2028. The market is driven by
various factors, such as increase in aircraft
renewals and need for more flexible and light
aircraft with improved, lightweight systems and
compact pumping systems. They serve critical
functions such as fuel transfer, lubrication, and
hydraulic power generation, ensuring the safe and
reliable operation of various aircraft systems.
Aircraft pumps are instrumental in fueling the
engines, maintaining hydraulic pressure for
flight control systems, and facilitating the
circulation of lubricants to vital engine
components, playing a pivotal role in the overall
performance, safety, and functionality of modern
aircraft. Current trends include a growing
emphasis on lightweight and compact pumping
systems to improve fuel efficiency, alongside the
integration of smart sensors for real-time
monitoring. OEMs are actively researching
advanced materials and additive manufacturing
techniques to optimize pump design. Major players
in this dynamic market include industry leaders
such as Honeywell International Inc., Parker
Hannifin Corporation, and Eaton Corporation, who
are at the forefront of innovation, striving to
meet the aviation industry's demands for higher
efficiency, reliability, and sustainability in
aircraft pumping systems.
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Aircraft Pumps Market Forecast to 2028 To know
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ynamics exible and light aircraft with improved
light-weighted systems and compact (T/)he demand
for lightweight and compact pumping systems
serves as a crucial driver for the aircraft pumps
market. In the aviation industry, the pursuit of
increased fuel efficiency and performance
improvement is
Aircraft Pumps Market D Driver Need for more fl
pumping systems
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RrEeSleEnARtlCeHssE,XPaEnRdTSth(/eRsESeEaARdCvHaLn
EcAeDdERsSyHsIPt.eAmSPs) cBoRnIEtrFibINuGtSe(/sAiN
gAnLiYfiScTaBnRtIlEyFIbNyGSr.eHdTMuLc)ing overall
aircraft weight, leading to
CrAeRdEuEcReSd(/CfuAeRlEEcRo.nASsPu)mCpOtiNoTnACaT
nUdSe(/nChOaNTnAcCeTdUSo.ApSePr)ational
efficiency. Furthermore, the compact design of
these pumping systems addresses the prevalent
issue of limited space within modern aircraft,
ensuring they can be seamlessly integrated into
tight configurations. This synergy of improved
fuel efficiency and space utilization makes
lightweight and compact pumping systems an
indispensable component in the aviation industry,
driving their increasing adoption and market
growth. Restraint High Cost of MRO services The
high cost of Maintenance, Repair, and Overhaul
(MRO) services in the Aircraft Pump Market poses
a significant constraint, as it places financial
burdens on airlines and operators, impacting
profitability and competitiveness. These expenses
divert capital from strategic investments, erode
profit margins, and act as a barrier to market
entry for potential newcomers. Additionally,
economic fluctuations can exacerbate the strain
of high MRO costs, further challenging the
industry's financial stability and growth
prospects. Opportunity Newer technologies in
pumps and pumping systems to enhance pumping
efficiencies The advent of novel technologies in
pumps and pumping systems, such as the
incorporation of additive manufacturing
techniques, presents a compelling opportunity
within the aircraft pumps market. The use of 3D
printing (https//www.marketsandmarkets.com/Market
-Reports/3d-printing-market-1276.html) to produce
intricate pump components with complex geometries
and reduced material waste has revolutionized the
industry. This technological advancement not only
enhances pumpin efficiency by optimizing
component design but also streamlines the
manufacturing process, reducing lead times and
production costs. These innovative approaches,
combined with other efficiency-boosting
technologies, offer a promising avenue for growth
within the aircraft pumps market, attracting both
aircraft manufacturers and operators aiming to
capitalize on the benefits of these cutting-edge
solutions.Major players like Eaton and Parker
Hannifin are actively investing in newer pump
technologies and pumping systems. Electromagnetic
actuators, such as linear induction motors, are
increasingly being employed in next-generation
pumping systems. These actuators offer precise
control over flow rates and pressures, improving
the responsiveness and accuracy of the pumps.
Moreover, they reduce the need for traditional
mechanical components, resulting in compact and
lightweight pumping solutions. This innovative
application of electromagnetic technology aligns
with the aviation industry's pursuit of weight
reduction and enhanced system efficiency. Challen
ge Legal and regulatory barriers
(https//www.marketsandmarkets.com/Market-Reports/
barrier- systems-market-257264196.html) Legal and
regulatory barriers pose significant challenges
for the aircraft pumps market. Stringent
certification requirements, mandated by aviation
authorities like the FAA and EASA, demand
extensive testing and documentation, causing
delays and increased development costs. For
instance, the certification process for a new
fuel pump design can span several years,
hampering market entry for innovative
technologies. Additionally, export controls and
international trade compliance add complexity.
Aircraft pumps are subject to
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om/Privacy-12.html).
4
nal Traffic in Arms Regulations) restrictions in
the U.S. restrict the export of certain g market
access and complicating international business
partnerships. These legal cessitate careful
navigation and strategic planning for businesses
operating in the (a/)ircraft pumps market.
example, ITAR (Internatio pump technologies,
limitin and regulatory hurdles ne
Aircraft Pumps Market Ecosystem
Sign In (https//www.marketsandmarkets.com/signin.
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HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP
TEAM (/LEADERSHIPTEAM.ASP)
RTEhSeEAaRiCrcHrEaXftPEpRuTmS (p/RsEmSEaArRkCeHtLe
EAcDoEsRySsHtIeP.mAScP)omBpRrIEisFeINsGSae(/AroNAs
LpYaScTeBRmIEaFInNuGfSa.HcTtMuLre) rs, technology
firms, and CAREERS (/CAREER.ASP) CONTACT US
(/CONTACTUS.ASP) transportation
(https//www.marketsandmarkets.com/Market-Reports/
transportation-management-market- 232446179.html)
service providers collaborating to drive
innovation and commercialization. It involves
strategic partnerships, investments, and research
efforts to develop advanced propulsion systems,
technologies, and flight capabilities. Regulatory
bodies, government agencies, and infrastructure
developers also play a crucial role in shaping
the aircraft pumps market ecosystem by RD of
smart systems, electric pumps, advanced
materials, hybrid solutions, fuel efficiency,
reduced maintenance, environmental
considerations, and ensuring regulatory
compliance. The prominent companies are Safran
(France), Eaton Corporation plc (Ireland),
Parker-Hannifin Corporation (US), Woodward, Inc.
(US), and Crane Co. (US).
Increasing demand for aircraft renewals and
deliveries will drive the demand for fuel pump
segment The fuel pump segment is expected to be
the largest market by value. Aircraft renewals
and deliveries are poised to be key drivers in
the aircraft pumps market, primarily due to the
critical role fuel pumps play in modernizing and
expanding airline fleets. As airlines seek to
enhance operational efficiency and reduce fuel
consumption, they often opt for newer aircraft
models featuring advanced fuel-efficient
technologies. Consequently, the demand for
state-of-the-art fuel pumps compatible with these
aircraft rises significantly. Furthermore, the
growth in air travel, particularly in emerging
markets, is propelling a surge in aircraft
deliveries, further stimulating the need for fuel
pumps to equip these newly manufactured planes.
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5
ment is projected to witness a higher CAGR during
the forecast period bove 3,000 psi segment is
projected to be the highest CAGR rate for the
aircraft orecast period. The above 3000 psi
segment in the aircraft pumps market
is (e/)xpected to achieve a higher CAGR due to
the increasing demand for high-pressure hydraulic
systems in advanced commercial and military
aircraft. These systems are vital for improving
aircraft maneuverability, fuel HeOffMicEie(/)ncAyB
, OaUnTdUsSu(/sAtBaOinUTaUbSi-li8t.yH.TAMLd)ditLiE
oAnDaElRlyS,HtIhPeTEaAeMrSo(/iLsgEnpAIanDcE(ehRtSt
ipnHsIdP//uTwEswAtwrMy.m.'AsaSrfPkoe)
ctsuansdomnarkceotsm.copma/cstiganinn.daslpig)
htweight hydraulic
The above 3,000 psi seg Based on pressure, the a
pumps market during the f
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ANsAiLsYdSTriBvRinIEgFINthGeS.HnTeMeLd) for pumps
in this segment
CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP)
The electric motor driven segment is projected to
witness a higher CAGR during the forecast
period Based on the technology, the electric
motor driven segment is projected to be the
highest CAGR rate for the aircraft pumps market
during the forecast period. The aviation
industry's pursuit of electrification and more
electric aircraft (MEA) concepts has led to a
shift away from traditional hydraulic systems
toward electrically driven alternatives. These
electric pumps offer precise control, reduced
weight, and increased reliability compared to
their hydraulic counterparts. Moreover, they
align with the industry's drive for fuel
efficiency and emissions reduction, making them
essential components in electric and
hybrid-electric propulsion systems. As MEA
concepts gain momentum and electric aircraft
become more mainstream, the demand for electric
motor- driven aircraft pumps is expected to
surge, contributing significantly to the market's
growth trajectory. The Unmanned Aerial Vehicles
segment is projected to witness the highest CAGR
during the forecast period Based on the aircraft
type, the unmanned aerial vehicles segment is
projected to grow at the highest CAGR rate for
the aircraft pumps market during the forecast
period. The Unmanned Aerial Vehicle (UAV) segment
is poised for a higher Compound Annual Growth
Rate (CAGR) within the aircraft pumps market due
to the rapid expansion of UAV applications in
both military and civilian sectors. UAVs'
critical roles in military operations demand
specialized pumping systems for fuel transfer,
hydraulic actuation, and cooling, while their
civilian applications, including precision
agriculture and logistics, require efficient
pumps for various functions. As the UAV industry
diversifies and continues to innovate, the demand
for tailored and lightweight aircraft pumps to
meet these unique requirements is expected to
surge, making the UAV segment a focal point for
substantial growth in the aircraft pumps
market. The OEM segment is projected to witness
the highest CAGR during the forecast period Based
on the end use, the OEM segment is projected to
grow at the highest CAGR rate for the aircraft
pumps market during the forecast period. OEMs are
increasingly focusing on innovative solutions to
meet stringent regulatory standards and address
environmental concerns. This includes the
development of more energy- efficient and
environmentally friendly aircraft systems, which
often require advanced pumping technologies. As
aircraft manufacturers introduce new models and
technologies, the demand for cutting-edge pumping
systems, designed and integrated directly into
these new aircraft, surges significantly. As a
result, OEMs are proactively investing in
research and development to create bespoke,
high-performance pumps, spurring growth in this
segment. The North America market is projected
to contribute the largest share from 2021 to
2026 North America is projected to be the largest
regional share of the aircraft pumps market
during the forecast period. the region boasts a
robust aerospace industry, home to major aircraft
manufacturers, such as Boeing WeanuseAcoirobkuiess
,towehnhoandcreivyeousr uexbpsetraiennctiea.
lBdyecomntainnudingfotor vaisditvthaisnscietedyopu
uamgrpeeintogosuyr sustee mof sc.ooAkdieds
i.tiMoonrealilnyfo, North America's well-
X (hettpssta//wbwliswh.meadrkeatisralinndemainrkd
eutss.ctormy /cPorivnatciyn-u12o.hutsmlly). seeks
cutting-edge technologies to enhance fuel
efficiency and
6
urther propelling the demand for innovative
pumps. North America's leadership in is further
reinforced by the substantial presence of
well-established aircraft pump n. Prominent
industry players like Honeywell International
Inc. and Parker Hannifin (C/)orporation have
firmly established themselves in the market.
Honeywell, renowned for its comprehensive
portfolio of aerospace technologies, holds a
leading position in delivering efficient pumps
designed for various HaOirMcEra(/)ft
sAyBsOtUeTmUsS.(/IAnBOcoUTnUtrSa-8s.Ht,TPMLa)rkLeE
rAHDEaRnSnHiIfPinTEsApMeS(c/iLgiaEnAlIinzDeE(hRstS
tpiHnsIP//aTweEwArwoM.sm.ApaSraPkce)
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s, offering RhEySdErAaRuClHicEpXPuEmRTpSs(/aRnESdE
sAyRsCtHeLmEAsDEaRmSHoInP.gASitPs)
aBrrRaIEyFIoNfGoS f(f/AeNriAnLgYsS.TBthReIEFrIeNgG
iSo.HnT'sMLc)ommitment to sustainable
aviation CAREERS (/CAREER.ASP) CONTACT US
(/CONTACTUS.ASP) practices and the integration of
eco-friendly solutions, including electric and
hybrid-electric aircraft propulsion systems,
aligns with the development of advanced electric
motor-driven pumps, offering growth opportunities
in this segment. These factors collectively
position North America as a dominant player in
the aircraft pumps market, poised to maintain a
higher market share.
operational performance, f the aircraft pumps
market manufacturers in the regio
Aircraft Pumps Market by Region To know about the
assumptions considered for the study, download
the pdf brochure (https//www.marketsandmarkets.co
m/pdfdownloadNew.asp?id84962943) Key Market
Players The aircraft pumps companies
(https//www.marketsandmarkets.com/ResearchInsight
/aircraft-pump- market.asp) is dominated by a few
globally established players such as Safran
(France), Eaton Corporation plc (Ireland),
Parker-Hannifin Corporation (US), Woodward, Inc.
(US), and Crane Co. (US).
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Scope of the Report
Report Metric
Details
Estimated Market Size
USD 3.6 Billion by 2023
Projected Market Size
USD 4.6 Billion by 2028
CAGR
4.8
Market size available for years
2019-2028
Base year considered
2022
Forecast period
2023-2028
Forecast units
Value (USD Million/Billion)
Segments Covered
By Type, By Pressure, By Technology, By Aircraft
Type, By End Use
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North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa
Geographies Covered
Safran (France), Eaton Corporation plc (Ireland),
Parker-Hannifin Corporation (US), Woodward, Inc.
(US), and Crane Co. (US)
(/C) ompanies Covered
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Aircraft Pumps Market Highlights
The study categorizes the aircraft pumps market
based on Type, Pressure, Technology, Aircraft
Type, End Use, and Region. Segment Subsegment
Hydraulic pumps Fuel pumps Lube and scavenge
pumps Water and wastewater pumps Air conditioning
and cooling pumps
By Type
Up to 350 psi 350 psi 1,500 psi 1,500 psi
3,000 psi Above,3000 psi
By Pressure
Engine driven Electric motor driven Ram Air
Turbine driven Air driven
By Technology
Fixed Wing Rotary Wing Unmanned Aerial Vehicles
By Aircraft Type
OEM Aftermarket
By End Use
North America Asia Pacific Europe Latin America
Middle East Africa
By Region
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Recent Developments In May 2023, Parker control
technologies,
Aerospace, a division of Parker Hannifin
Corporation, a global leader in motion and has
announced a significant five-year contract with
the U.S. Army. Under this agreement, they will be
responsible for overhauling and upgrading the
hydraulic pump and flight control actuation
systems for the UH-60 Blackhawk helicopter. This
contract also includes arrangements for
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(/eAnNtAlyLYaSnTBnRoIEuFnINcGeSd.HtThMaLt) its
Actuation Products and Services
CAREERS (/CAREER.ASP) CONTACT US
(/CONTACTUS.ASP) business division has secured a
notable contract from Airbus. This contract
involves the provision of A220 On Wing Emergency
Exit Door (OWEED) control cables. Triumph
Actuation Products Services holds a prominent
position in the aerospace and defense industry,
excelling in the design, development,
manufacturing, and support of complex
electro-hydraulic and mechanical systems and
equipment. Their product range spans a
comprehensive array of critical components,
including actuators, pumps, motors, reservoirs,
control valves, and various mechanical controls,
catering to both commercial and military aircraft
applications. In June 2021, Eaton successfully
executed the acquisition of Cobham Mission
Systems. This strategic move aligned with Eaton's
overarching objective of bolstering its aerospace
business. Cobham Mission Systems, distinguished
for its expertise in manufacturing air-to-air
refueling systems, environmental systems, and
actuation components, primarily serving defense
markets, was a strategic addition to Eaton's
existing aerospace portfolio. This expanded
portfolio now encompasses an array of critical
capabilities, including fuel systems, electrical
power systems, and hydraulic systems, positioning
Eaton as a formidable player in the aerospace
industry.
Frequently Asked Questions
What is the current size of the Aircraft Pumps market?
What are some of the technological advancements in the market?
What are the factors driving the growth of the market?
Who are the key players and innovators in the ecosystem of the aircraft pumps market?
What are the growth opportunities in the Aircraft Pumps market?
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