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Aerospace Filter Market

Aerospace Filter Market

Aerospace Filter Market By Product (Cabin Air Filters, Avionics Filters, Hydraulic Filters, Engine Air Intake Filters, Fuel Filters), By Filter Media (Fiberglass, Metal Mesh, Pleated Paper), By Aircraft, By End Use, By Sales Channel, By Region - Global Mraket Forecast 2020-2030

Aerospace Filter Market
FACT27MR
  • Mar-2022
  • List of Tables : 82
  • List of Figures : 181
  • 170 Pages
  • Automotive

Aerospace Filter Market Overview

The global aerospace filter market will expand 2X in terms of value, and is foreseen to witness a steady growth rate of over 7% during the forecast period of 2020-2030. The spread of COVID-19 is leading to considerable restrictions at airports, globally.

As a result, airports across the world are facing a cash crunch, since revenues are directly linked to traffic levels. This is posing challenges for airline operators to efficiently operate and maintain their aircraft, thereby impacting the expansion of the aerospace filter market size.

However, focus on increasing the safety of operations and prevention of aircraft damage has pushed operators to continuously upgrade aircraft components. In addition, concerns regarding passenger safety coupled with increasing government spending on military aircraft across several countries is anticipated to create a plethora of opportunities for players operating in the aerospace filter market space.

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Aerospace Filter Market Analysis by Product

Aerospace filters are used for superior air filtration in order to enhance the performance and efficiency of aircraft. Engine air intake filters are expected to be a prominent segment among all the products. These filter keeps dirt and debris from entering the engine, and have the capacity to trap 80-99% of particles.

Moreover, regulations associated with environment safety and emission standards imposed by regulatory bodies are expected to drive the sales of engine air intake filters, as they ensure proper air flow, thereby resulting in reduced emissions. Owing to this, it is estimated that, the market for engine air intake filters will account for nearly 18% of the overall value opportunity during the forecast period of 2020-2030.

aerospace filter market value opportunity by product

Aerospace Filter Market Analysis by End Use

Among the end use segments, filter installed in military aviation are expected to capture more than 48% of the market share in 2020. Demand for military aircraft has risen due to increased spending on the defense sector across different developed and developing economies such as the U.S., China, India, and Russia.

In addition, rising demand for military UAVs and increasing emission regulations are likely to propel the growth of the aerospace filter market. Further, the need to replace filters in military aircraft is high as compared to other end uses. This, in turn, is pushing the demand for aerospace filters in military aircraft, which is foreseen to bolster market growth.

On the other hand, growth of international travel, competitive pricing of air travel fare by airlines, and higher disposable income are contributing to consumer preference for air travel. This is influencing airline carriers to deploy new commercial aircraft, and, in turn, driving the growth of the aerospace filter market. On account of these facts, commercial aviation will account for 1/3 of the aerospace filter market share.

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Regional Outlook of Aerospace Filter Market

APEJ is expected to hold 1/3 of the overall market value, followed by Europe. Growth in the number of air passengers has proliferated owing to the liberalization of markets and growth in wealth, coupled with lack of alternative modes of transport. This, in turn, has resulted in significant rise in aviation traffic, thereby creating demand for new aircraft.

Aircraft manufacturers such as Airbus and Boeing are increasing their production capacity to deliver more aircraft to clients in APEJ. This is expected to pave significant opportunities for aerospace filter manufactures to expand their market presence in the APEJ region during the forecast period. In Fact.MR’s report, APEJ is anticipated to create an absolute dollar opportunity of US$ 2.1 Bn during the forecast period.

aerospace filter market regional analysis

Aerospace Filter Market: Competitive Landscape

Prominent players are continuously focusing on acquisition as their key strategy to strengthen their market presence, increase business operations, and bump up their share in the market. Some of the players in the aerospace filter market are Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc., and Parker-Hannifin Corporation, among others.

For instance, in 2019, Parker Hannifin Corporation acquired Exotic Metals Forming Company, which manufactures innovative and technically-demanding, high temperature, high pressure air and exhaust management solutions for aircraft and engines. Through this acquisition, the company will expand its aerospace business products and solutions.

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COVID-19 Impact on Aerospace Filter Market

The COVID-19 outbreak has become a global crisis in 2020, and has affected aviation industry business in terms of revenue, traffic, and connectivity. Airline operators have been mostly affected as they are unable to recover their capital and operating costs due to flight cancellations. This has created a unique set of threats to airport operations and is impeding continuous development, thereby also impacting the sales of aerospace filters.

Moreover, manufacturing and supply chain activities are not permissible, which has resulted in low cash flow among industry players. This has resulted in a marginal decline in the sales of aircraft components, and has had a severe impact on the aerospace filter market. As per a recent report published by Fact.MR, it is estimated that, the aerospace filter market demand curve will start showing positive signs by the end of 2021.

The Analyst’s Viewpoint

“Unforeseen effects of the COVID-19 pandemic have resulted in declining air traffic, globally, which, in turn, is slowing down the growth of the aerospace filter market. With no near-term resolution in sight, demand for aerospace filters will remain sluggish at least until the end of 2020.”

Global Aerospace Filter Market: Scope of the Report

The recent global aerospace filter market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities, and threats to the expansion of the global aerospace filter market. A detailed segmental analysis, based on product, filter media, aircraft, end use, and sales channel has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the global aerospace filter market. In addition, a separate section on the market structure has also been provided. The section provides detailed analysis of key market players and their strategies for expansion in the global aerospace filter market.

Key Segments of Aerospace Filter Market

Fact.MR’s study on the aerospace filter market offers information divided into five key segments-product, filter media, aircraft, end use, sales channel, and region. This report offers comprehensive data and information about important the market dynamics and growth parameters associated with these categories.

Product

  • Cabin Air Filters
  • Avionics Filters
  • Hydraulic Filters
  • Engine Air Intake Filters
  • Fuel Filters
  • Oil & Lube Filters
  • Others

Filter Media

  • Fiberglass
  • Metal Mesh
  • Pleated Paper
  • Others (Polymers, Fibers)

Aircraft

  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Body Aircraft
  • Turboprop
  • Rotary Wing

End Use

  • Commercial Aviation
  • Business Aviation
  • Military Aviation

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • MEA
  • Japan

- FAQs -

The global aerospace filter market is foreseen to witness a steady growth rate of over 7% during the forecast period of 2020-2030.
Rising demand for military UAVs and increasing emission regulations are likely to propel the growth of the aerospace filter market.

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