Home > Aerospace & Defense > Aircraft Parts > Aircraft Pump Market
Aircraft Pump Market Size
- Report ID: GMI6991
- Published Date: Oct 2023
- Report Format: PDF
Aircraft Pump Market Size
Aircraft Pumps Market was valued at over USD 3 billion in 2022 and is anticipated to grow at a CAGR of over 5.5% between 2023 and 2032. The increasing need for flexible & lightweight aircraft, coupled with compact pumping systems, is a significant factor contributing to the aircraft pump industry growth.
The aviation industry is gravitating toward more agile & fuel-efficient aircraft designs to meet the demands of modern air travel including short-haul routes, regional connections, and urban air mobility. Compact & lightweight pumping systems are essential in such aircraft to save space, reduce weight, and enhance fuel efficiency. Flexible aircraft are often utilized in various roles, such as military missions or cargo transport, where adaptability is paramount. Compact pumping systems allow for versatile configurations and applications. In the commercial sector, they enable efficient distribution of hydraulic power for landing gear, flight control, and braking systems while keeping the overall aircraft weight to a minimum. These factors align with industry trends toward sustainability, cost-effectiveness, and the growing popularity of electric and hybrid aircraft, making compact, lightweight, and flexible pumping systems critical components that fuel the aircraft industry expansion.
For instance, in June 2021, The JETSCREEN project, an EU-funded initiative, developed a new methodology for evaluating the impact of Sustainable Aviation Fuels (SAFs) on aircraft fuel systems. The project's findings will accelerate the adoption of SAFs in the aviation industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Aircraft Pump Market Size in 2022: | USD 3.4 Billion |
| Forecast Period: | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 5 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 403 |
| Segments covered: | Type, technology, pressure, aircraft type, end-use industry & region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Legal and regulatory barriers pose significant pitfalls for the aircraft pump market. Stringent safety and quality standards, imposed by aviation authorities, such as the FAA and EASA, demand extensive testing and compliance, which can delay product development and increase costs. Export restrictions, intellectual property protections, and trade regulations also impact global market access. The changing environmental regulations require constant innovation to meet emission standards. Navigating these complex legal and regulatory landscapes can be challenging, creating hurdles for manufacturers and potentially limiting market expansion and innovation in the aircraft pump sector.
Frequently Asked Questions (FAQ) :
Aircraft Pump Market Scope
