Aerospace Valves Market: Introduction
Flow control valves for the aerospace sector are used to control the speed or direction of the fluid flow in hydraulic systems, fuel systems, and engine control applications of aircraft and helicopters. Aerospace valves provide precise control of position, velocity, pressure, and force for aerospace vehicles where they are employed. There are various players in the global market providing aerospace valves that are robust and capable of operating under critical conditions.
Aerospace valves provide an efficient way to control fluid flow and mechanical motion in various locations of aerospace systems. Aerospace valves available are compact, lightweight, and highly durable. Other features include thermal relief, SFAR 88 FAR 25.981 complaint, composite material make, zero leakage, and maintenance-free operation, among others.
Global Aerospace Valves Market: Competition Landscape
- Key players operating in the global aerospace valves market are focusing on the development of advanced material for manufacturing valves. Additionally, some key players are showcasing products at prominent events to attract potential customers and increase their brand awareness.
- For instance, in June 2019, ITT Inc. showcased its diverse portfolio of aviation solutions at the 2019 International Paris Air Show held in France. Its products included noise control solutions, fuel management systems, and freeze and ice protection systems, among others. This move is expected to help the company to increase visibility of its aviation solutions and attract potential business for the company.
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ITT Inc, founded in 1920, is a prominent U.S.-based manufacturer of highly engineered critical components and customized technology solutions for various end-use industries, including aerospace, industrial, and oil & gas, among others. The company is engaged in the expansion of its product lines to provide consumers with solutions for applications in commercial, business and civil aviation, as well as military and cargo aircraft.
Meggitt Control Systems
Meggitt Control Systems is headquartered in Amsterdam, the Netherlands. It is a prominent health technology company. The company was incorporated in 1947 and operates in three core sectors: aerospace, defense, and energy. The company is engaged in the development of technologically differentiated systems and products with high certification requirements in sectors it operates.
Parker Hannifin Corp
Parker Hannifin Corp was established in 1918 in Cleveland, Ohio, and provides a broad range of products and systems available from any single supplier, including filters, hoses, fittings, valves, vessels, pumps, motors, drives, electronics, controls, cylinders, and seals. The company provides its products and services for various end-use industries, including mobile construction, transportation, defense, mining, and others. The product portfolio of the company includes solenoid-operated fuel/refuel shutoff valve, air-bleed, and pressure regulating shut-off, among others.
Marotta Controls, Inc.
Marotta Controls, Inc., founded in 1943, is headquartered in New Jersey, the U.S. It is engaged in design, manufacture, and integration of precision control components and systems. The company offers products, such as precision valves, manifolds, power conversion, motor drives, and control actuation systems, for integration into weapon systems, shipboard and sub-sea systems, military aircraft, and government and commercial spacecraft.
Some of the significant players in the global aerospace valves market are Crissair, Inc., Valcor Engineering Corporation, Dymax Corp, Johnson Electric, Staubli Corporation, Zodiac Aerospace, Merc Aerospace, TRELLEBORG SEALING SOLUTIONS, Marotta Controls, Inc, Hy-Lok USA, Inc, and Honeywell Aerospace, among others.
Global Aerospace Valves Market: Dynamics
Increase in Aircraft Deliveries to Drive Global Market
The expansion of the aerospace valves market can be attributed to rise in commercial and passenger aircraft deliveries. There has been a considerable growth in domestic as well as international travel across the globe, especially in the emerging economies. This factor is driving the demand for passenger aircraft, which will require aerospace valves. As a result, the global aerospace valves market will grow at a significant pace in the near future.
Stringent Regulations to Hamper Market
Key players operating in the global market are upgrading their existing product portfolio and introducing advanced products, owing to rise in demand for aerospace valves. However, the aerospace industry is subjected to stringent regulations from aviation regulatory bodies. Furthermore, a high capital investment is required for producing products pertaining to the aerospace industry. These factors are likely to hamper the aerospace valves market.
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Global Aerospace Valves Market: Segmentation
The global aerospace valves market can be segmented based on:
- Product Type
- Aircraft Type
Global Aerospace Valves Market, by Product Type
In terms of product type, the global aerospace valves market can be divided into:
- Butterfly Valves
- Gate Valves
- Solenoid Valves
- Ball & Plug Valves
- Others (Spool & Sleeve Valves, Customized Valves, etc.)
Global Aerospace Valves Market, by Aircraft Type
Based on aircraft type, the global aerospace valves market can be classified into:
- General Aviation
Global Aerospace Valves Market, by Application
On the basis of application, the global aerospace valves market can be segmented into:
- Others (POA Coolants, etc.)
The report on the global aerospace valves market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
Regional analysis of the global aerospace valves market includes:
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.