Dublin, April 09, 2024 (GLOBE NEWSWIRE) — The “Aerospace Valves – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Aerospace Valves Market to Reach $15.4 Billion by 2030
The global market for Aerospace Valves estimated at US$10.8 Billion in the year 2023, is projected to reach a revised size of US$15.4 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030.
The aviation sector’s downturn significantly impacts the demand for aerospace valves, with a staged recovery anticipated over the long term. Despite established vendors facing fierce competition from local players, the global aerospace valves market seems poised for growth, albeit hampered by the COVID-19 pandemic.
Rising demand for new aircraft, coupled with the expansion of the commercial aircraft industry and the need for frequent valve replacements, drives market dynamics. Additive manufacturing emerges as a significant trend, although volatile raw material prices and limited innovation pose challenges. However, IoT-powered valves present opportunities for advancement.
Steel Aerospace Valves, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Titanium Aerospace Valves segment is estimated at 4.4% CAGR for the next 8-year period.
The market analysis covers material, valve type, aircraft type, and end-use, with developed regions leading in revenue contribution while developing markets show potential for improved growth. North America notably dominates the aerospace valves market with a majority stake.
The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6.3% CAGR
The Aerospace Valves market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 567 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $10.8 Billion |
| Forecasted Market Value (USD) by 2030 | $15.4 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Drop in Aviation Sector Impacts Demand for Aerospace Valves
- Staged Recovery over Long-Term
- Competitive Scenario: Established Vendors in Aerospace Valves Market Facing Fierce Competition from Local Players
- Aerospace Valves – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Aerospace Valves Market Appears Poised to Soar to New Heights: Global Market Prospects & Outlook
- COVID-19 Pandemic Clips Wings of Global Aerospace Valves Market
- Interesting Dynamics Means Brisk Business for Global Aerospace Valves Market
- Rising Demand for New Aircraft
- Expansion of Commercial Aircraft Industry
- Frequent Replacement of Aircraft Valves
- Additive Manufacturing as Big Trend
- Volatile Prices of Raw Materials & Limited Innovation
- Opportunity: IoT-Powered Valves
- Analysis by Material
- World Aerospace Valves Market by Material (2024 & 2030): Percentage Breakdown of Sales for Steel, Titanium, Aluminum, and Other Materials
- Analysis by Valve Type
- World Aerospace Valves Market by Type (2024 & 2030): Percentage Breakdown of Sales for Check Valves, Pressure Control Valves, Ball Valves, Butterfly Valves, Relief Valves, Solenoid Valves, and Other Valves
- Analysis by Aircraft Type
- World Aerospace Valves Market by Aircraft Type (2024 & 2030): Percentage Breakdown of Sales for Fixed Wing, and Other Aircraft Types
- Analysis by End-Use
- Aerospace Valves Market by End-Use by Global, North America, and Europe (2024E): Percentage Breakdown of Sales for Aftermarket, and OEM
- Regional Analysis: Developed Regions, Primary Revenue Contributors
- Developing Markets to Register Improved Growth
- North America Sweeps Aerospace Valves Market with Majority Stake
MARKET TRENDS & DRIVERS
- Pandemic Impact on the Aerospace Industry and the New Normal
- Global Airline Industry Market Reset & Trajectory – Market Size Outlook (In US$ Billion) For Years 2018 Through 2024E
- Post Pandemic, Growing Commercial Aviation Sector to Guide Growth Opportunities
- Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
- Aircraft Replacement Demand Supports Growth
- Aircraft MRO Services: Huge Opportunity to Drive Long-Term Growth
- Global MRO Spending (In US$ Billion) by Segment for the Years 2020 & 2027
- Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
- Global Aircraft Deliveries by Region: 2021-2040
- Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
- Spending Patterns in the Defense Sector to Strengthen Growth Prospects
- Defense Expenditure Worldwide in US$ Billion for the Years 2011 through 2023
- Leading Countries Ranked by Defense Budgets in US$ Billion for 2023
- As the World Steps Up Military Spending in the Wake of the Russia Ukraine War, Military Grade Aerospace Valves are Poised to Benefit from the Unfortunate State of Global Geo-Political Affairs
- Germany’s Historic Military Investments in 2022 Exemplifies the Prevailing Global Sentiment that the World is a Dangerous Place Where the Threat of Authoritarian States Can be Resisted Only With Big-Ticket Military Capabilities: Military Spending by Top Countries in 2023(E) (In US$ Billion)
- Rising Demand for Fixed Wing Fighter Aircraft: A Favorable Scenario for Aerospace Valves Market
- Zero-Leak Valves for Cutting Emission and Green Energy
- Solenoid Valve Finds Usage in Controlling Tank Pressure for Critical Applications
- Additive Manufacturing and 3D Printing Enter the Fasteners Ecosystem
- Titanium Evolves as an Important Valve Material
- Aluminum Loosing Sheen as Widely Used Valve Material for Aircrafts
- Advanced Designs for Niche Application Areas of Brake Systems
- Intake and Exhaust Valves Critical for Engine Performance Improvement
- Valves for Engine Lubrication Systems
- Valves in Aircraft Hydraulic Systems Help Maintain Pressure
- Sophisticated Valves Maintain Fuel System Integrity
- Performance is Critical for Spacecraft Valves
- Advanced Technology Offerings for Terrestrial Valves
- Issues & Challenges
- Long-Term Supply Contracts Narrow Operating Margins for Ti Suppliers
- Common Pain Points Experienced by Aerospace Manufacturers
- Need to Improve Valve Efficiency
FOCUS ON SELECT PLAYERS(Total 100 Featured)
- Eaton Corporation PLC
- Collins Aerospace
- Crane Aerospace & Electronics
- Circor International, Inc.
- Aero Fluid Products
- Circor Aerospace, Inc.
- Crissair, Inc.
- Curtiss-Wright Valve Group
- Aero Space Controls Corporation
- AeroControlex Group
- Beswick Engineering Co., Inc.
- Emerson Electric Co.
- G.W. LISK Company, Inc.
- Cla-Val
- Committee for Aviation and Space Industry Development (CASID)
For more information about this report visit https://www.researchandmarkets.com/r/2hm8ri
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