Market Shares Remain Consolidated among Multinationals
Established players continue to consolidate their position in the aircraft pumps market, accounting for approximately two-fifths share.
Technologically advanced and customized product designs, along with the development of highly efficient and lightweight aircraft pumps are key focus areas of these players, with an aim to remain compliant with regulations on emissions.
On the other hand, regional and local aircraft pump manufacturers are focusing on new product development, and cost-effective solutions to sustain their position in this highly competitive market. Some notable developments in the aircraft pumps market have been listed below.
- Triumph Group Inc. has recently sold its APU Repair Product Line (RPL) of Triumph Aviation Services Asia, Ltd. to TurbineAero, Inc. With this business transaction, Triumph aims at divesting its non-core business to compensate with its debts, and invest in latent opportunities.
- In 2018, Woodward Inc. acquired L’Orange GmbH for €700 million from Rolls-Royce’s Power systems business.
- Cascon has recently rolled out its Series of 300-100 pump models, to provide an affordable aerospace solutions for fuel and coolant pumping applications.
- The Civil Aviation Administration of China (CAAC) estimates consumption of jet fuels in the country to reach 40 million tons by 2020-end. In response to environmental concerns related to jet fuel consumption, the CAAC plans on using nearly 12 million tons of biofuels in aircraft, thereby creating opportunities for relevant component manufacturers.
The report on the aircraft pumps market provides detailed profiling of key players, including Eaton Corporation plc, Honeywell International Inc., Crane Aerospace & Electronics, Parker Hannifin Corporation, Cascon Inc., Triumph Group, Inc., Crissair, Inc., Zodiac Aerospace, Weldon Pump LLC, and Woodward, Inc.
Influx of New Aircrafts to Create Opportunities for Players
Significant growth in passenger and freight air transport is driving the demand for new aircraft, consequently increasing competition between manufacturers in terms of performance optimization and reduction in maintenance and operational cost.
The International Air Transport Association (IATA) estimates the number of air travelers to close in on approximately 7.2 billion by 2035, with most of the traffic coming from the Asia Pacific. IATA further projects China to overtake the US as the largest aviation market by 2024.
Air travel is expected to soar exponentially in Asia, with a significant increase in aircraft imports in China.
In addition, China’s state-owned Commercial Aircraft Corp. of China is planning to introduce its narrow-body jet C919, which would come into effect in 2020.
As conventional aircraft are fast being replaced with new fuel-efficient variants, aircraft pump manufacturers are increasingly focusing on developments in terms of high-pressure lightweight attributes.
Jet pumps continue to witness significant adoption in aircraft fuel systems, owing to their greater reliability, and absence of moving parts, which further deprives the probability of failure.
A growing customer base combined with low operating costs is likely to benefit aircraft components manufacturers and OEMs in the future. Airlines are increasingly opting for lightweight pumps that can improve fuel efficiency.
Additionally, growth in air passenger traffic is leading to a shorter replacement cycle, this is driving demand for aircraft pumps by the Maintenance, Repair, and Overhaul (MRO) industry.
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Electric Motor Driven Aircraft Pumps Gain Robust Traction
More Electric Aircrafts (MEA) are now being widely recognized as the future of the aerospace industry, to meet increasing power demand, improving fuel economy, and reducing emissions.
Aircraft manufacturers are taking significant efforts to convert hydraulic and pneumatic components in airplanes to electric.
This has further resulted in the robust adoption of electric motor-driven aircraft pumps, owing to their easy adjustment of input shaft power, and reduced power loss from the source.
Sensing the shift, Aircraft components are focusing on enhancing their production capacity of electric motor-driven pumps, while envisaging future evolutions in more electric aircraft technologies.
The Advisory Council for Aeronautics Research has set a goal to reduce 50% carbon dioxide emissions in air transportation by Europe by 2020.
With the advent of more electric aircraft designs, defense aircraft integrators and users continue to focus on reduced operational cost combined with easy maintenance checks, which has further complemented the replacement of mechanical and hydraulic systems with electrical variants.
Aerospace companies are increasingly investing in MEA technologies while closely working with research organizations, to develop next-generation products and aircraft components.
Intelligent and Dual-Stage Pressure Pumps Gain Center Stage in Aircraft Industry
Fixed displacement pumps are gradually being replaced by piston pumps in aircraft, owing to their constant pressure variable displacement. Most of the aircraft have adopted hydraulic pipe and hydraulic/fuel oil heat exchanger, which has entailed significant heat-generation challenges, especially in military aircraft.
Various investigations conducted recently have shown that pressure requirement is excessive in a combat state, while other stages of flight require lower pressure to control extreme heat generation. This has further led to the development of new pumping systems for military aircraft.
Responding to the heat generation concerns, researchers across countries such as China, America, and Britain are working on the development of intelligent pumps and dual-stage pressure pumps.
The dual-stage pressure pump is currently being deployed in various aircraft, as they facilitate catering to pressure-related requirements, thereby improving performance.
Intelligent pressure pumps have witnessed wide adoption in aircraft hydraulic systems in recent years, which has driven the demand for displacement sensors, temperature sensors, and pressure sensors.
Variable pressure and flow produced by these sensor-equipped pumps, depending on the flight state change, continue to complement the penetration of intelligent pressure pumps. However, most of the sensor-based pumping systems are still in the testing stage, with promising future scope for adoption in aircraft.
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Electrification of Aircraft Propulsion to Confine Adoption
The aviation sector is showing an increased interest in using electricity as a power source for airplanes, owing to their cost- and energy-related benefits over gasoline.
The trend of electrification is gaining momentum in the aviation industry, as leading players show a marked preference for electric motors, thereby constraining the adoption of conventional aircraft pumps.
Fuel cell-based and battery-operated systems are undergoing continued advancements, in line with the focus of industry players on the developments that ebb the power consumption below 100kw.
The shift of aircraft manufacturers toward battery-operated systems, in line with advancements in lithium-ion technology will emerge as a key concern for conventional aircraft pump manufacturers.
Aircraft pumps help to deliver jet or aviation fuel to the Auxiliary Power Unit (APU) and propulsion system of the aircraft. Aircraft pumps provide a continuous flow of fuel irrespective of the aircraft altitude.
Types of pumps used in aircraft include fuel pumps, cooling pumps, hydraulic pumps, and water pumps. These pumps can transfer various fluids such as oil, water, fuel, and others to aircraft components.
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About the Report
The report on the aircraft pumps market offers key insights on the market along with market dynamics including latest trends, market drivers, and restraints that are expected to impact the aircraft pumps market.
The report also focuses on current scenario in the market and forecast on the aircraft pumps market. The study provides in-depth analysis of the competitive landscape in the aircraft pumps market.
The report highlights all the essential factors that are driving growth in the aircraft pumps market. Segment-wise and region-wise analysis of the aircraft pumps market is also provided in the report.
The report focuses on key segments in the aircraft pumps market. The aircraft pumps market is segmented on the basis of type, technology, pressure, aircraft type, and end user. Key segments are divided into sub-segments.
Based on the type, the aircraft pumps market is segmented into hydraulic pumps, air conditioning and cooling pumps, fuel pumps, lubrication pumps, and water and waste system pumps. By technology, the aircraft pumps market is bifurcated into ram air turbine driven, electric motor driven, air driven, and engine driven.
The aircraft pumps market in terms of pressure is segmented into 10 psi to 500 psi, 500 psi to 3000 psi, 3000 psi to 5000 psi, and 5000 psi to 6500 psi. By the aircraft type, the aircraft pumps market is segmented into narrow body aircraft, wide body aircraft, turboprop, and regional jet. In terms of end user, the market segment includes aftermarket and OEM.
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Additional Questions Answered
The study on aircraft pumps market along with key insights also provides answers to some important questions on the aircraft pumps market.
- Which type of aircraft pump will account for the highest revenue share in the aircraft pumps market?
- What will be the value share of electric motor driven technology in the aircraft pumps market?
- What are key market trends impacting growth in the aircraft pumps market?
- Which type of aircraft will account for the highest share in the aircraft pumps market?
- Which region will be the most lucrative in the aircraft pumps market?
The report on the aircraft pumps market on the basis of extensive research methodology provides an in-depth analysis along with market share analysis. The research report has been constructed based on the information and data collected through primary and secondary research. Interviews were conducted with the industry experts, manufacturers, and distributors in the aircraft pumps market.
The information and data obtained during the secondary research has been validated with various data sources and insights on the market from industry experts. The research on the market was also done using top-down and bottom-up approaches. Research on the aircraft pumps market also includes details on the current scenario, historical data, and forecast on the aircraft pumps market.
The latest report on the aircraft pumps market published by Fact.MR offers valuable and actionable insights on the market along with the important factors influencing the market growth. The study also includes historical data and forecasts on the aircraft pumps market. Major factors including micro and macro-economic factors impacting the growth of the aircraft pumps market are also highlighted in the report.
Market dynamics including the latest trends, opportunities, market drivers, and challenges in the aircraft pumps market are also covered in the report. The study includes region-wise and segment-wise analysis with a focus on all the key countries.
Regional analysis of the aircraft pumps market includes details on the key countries in the market along with the forecast on value and volume share by each region and country. A competitive analysis of the aircraft pumps market is also provided in the report.
Chapter 1- Executive Summary
This chapter of the report provides opportunity assessment in the aircraft pumps market along with the view point on market growth. The report also focuses on mega trends in the aircraft pumps market.
Chapter 2- Aircraft Pumps Market Overview
This section in the report offers a brief introduction to the aircraft market. Product-specific definition of aircraft pumps is also included in the report along with the market taxonomy. The report also provides aircraft pumps market size including value and volume forecast and year-on-year growth. Cost structure, pricing analysis, and supply chain are also included in the report. Macro-economic factors influencing demand in the market and forecast factors are also provided in the report.
The report also includes aviation industry overview along with the market drivers and regional overview. Aviation industry stats and figures are also offered in this report. Notable developments, standards in aircraft pumps market are also covered in this report. The chapter includes Porters five force analysis and PESTLE analysis.
Chapter 3- Aircraft Pumps Market Analysis and Forecast
This chapter in the report provides details on the key segments and sub-segments in the aircraft pumps market. The market is segmented on the basis of technology, type, aircraft type, end-user, and pressure. The report offers volume and revenue comparison, market share comparison, and year-on-year growth comparison by region for each segment.
Chapter 4- North America Aircraft Pumps Market Analysis and Forecast
This section in the report focuses on the present scenario of the aircraft pumps market in North America. Country-wise analysis of the aircraft pumps market in North America is also included in the report. The growth of each segment in terms of value and volume in the aircraft pumps market in North America is covered in this chapter.
Chapter 5- Aircraft Pumps Market in Latin America
This chapter focuses on the latest trends and growth opportunities for key players in the aircraft pumps market in Latin America. The report also provides a market outlook in the key countries in Latin America. Market attractiveness analysis, list of key players by country is also included in the report.
Chapter 6- Europe Aircraft Pumps Market Analysis and Forecast
This chapter in the report focuses on drivers and challenges in the aircraft pumps market in Europe. The report includes a value and volume forecast on all the key countries in the aircraft pumps market in Europe. Business outlook along with growth opportunities in the aircraft pumps market in Europe is also offered in this report.
Chapter 7- Aircraft Pumps Market in Japan
This section of the report provides key insights and in-depth analysis of the aircraft pumps market in Japan. New developments and key trends contributing to the growth of the aircraft pumps market are also covered in this report.
The report also includes value and volume comparison based on the technology, end-user, type, aircraft type, and pressure in the aircraft pumps market in Japan. The report also includes year-on-year growth and CAGR in the aircraft pumps market in Japan.
Chapter 8- APEJ Aircraft Pumps Market Analysis and Forecast
This chapter of the report focuses on important factors impacting the growth of the aircraft pumps market in the Asia Pacific Excluding Japan (APEJ). The report provides details on the key trends and restraining factors in the aircraft pumps market in APEJ.
Market outlook including country-wise analysis and value and volume forecast in APEJ is also included in the report. Details on the key players operating in the aircraft pumps market in APEJ are also offered in the report.
Chapter 9- MEA Aircraft Pumps Market Analysis and Forecast
This section of the report provides details on the latest trends and key developments in the aircraft pumps market in the Middle East and Africa (MEA).
The chapter focuses on the growth factors in the key countries in the aircraft pumps market in MEA. Segment-wise analysis along with the value and volume growth in each segment in the aircraft pumps market is covered in this report.
Chapter 10- Aircraft Pumps Market Competitive Landscape
This section in the report focuses on the competitive analysis of the key companies in the aircraft pumps market. It also highlights the latest developments by the players along with the business strategy of leading players in the aircraft pumps market. A dashboard view of the key companies in the market along with market structure is also provided in this chapter.
Chapter 11- Company Profiles
This chapter in the report focuses on all the key players in the aircraft pumps market. The report provides profiles of the leading players along with information on new product developments and growth strategies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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