Aircraft Filters Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2027
Overview
Global Aircraft Filters Market size was valued at US$ 720.65 Mn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2027, reaching nearly US$ 971.19 Mn.
Global Aircraft Filters Market Overview:
An aircraft is a closed cabin that carries people to their desired destinations through the medium of air. The rising demand for machinery to filter air and fluids that can cause damage to the health of passengers and aircraft engines has resulted in a growth in demand for Aircraft Filters. Increased demand for improved machinery and change in the mandates of the Chicago Convention has resulted in making it necessary to install Aircraft Filters in all types of civil air carriers. An increase in the number of people traveling by airplanes has resulted in a growth in the Global Aircraft Filters Market.
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The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is
Considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Aircraft Filters Market Dynamics:
A report by the US-based Center for Disease Control and Prevention published in January 2017 states that potential cabin air hazards include Carbon Dioxide, Carbon Monoxide, and Ozone that cause heavy damage to human health. The absence of a system that removes these harmful components at a height of 4000 meters and above may result in breathing difficulties, suffocation, and temporary stoppage of oxygen to the heart and lungs. An Aircraft Filter is a device that is used to remove these harmful components and make the cabin air more breathable. The rising preference for air travel has resulted in increased expenditure by the airline industry on Air filters.
The presence of impurities in the form of dust, and other solid items having a size of more than 10 microns in the fuel or lubricants used in hydraulic systems may cause substantial damage or total loss of aircraft and lives present in it. Aircraft Filters is a device that helps in filtering all fluids circulating in an Aircraft engine system that helps to prevent any damages to the engine or aircraft. An increase in demand for machinery that assures safe air travel has resulted in a growth in demand for Aircraft Filters by the Aviation industry.
Aircraft that are part of the civil aviation industry is often labeled as carriers of diseases from one region to another. An increase in the number of communicable diseases around the world has resulted in a growing demand for a filtration system that reduces or removes the presence of bacteria and viruses present in the cabin air. Aircraft Filters of the new generation hold the capacity to remove more than 85% of viruses and bacteria present in the cabin air. The rising preference for air travel in a healthy environment by people has resulted in an increase in demand for Aircraft Filters by the civil aviation industry.
The rise in the number of governments starting their national air carrier services, especially by the developing and underdeveloped nations has resulted in increased demand for aircraft machinery. An increase in the number of members joining the Chicago Convention and IATA has resulted in a growth in the Global Aircraft Filters Market in the forecasted period.
An increase in the number of firms operating in the military and civil aviation industry acts as the major driving factor for the growth of the Global Aircraft Filters Market.
Restraints:
The rising preference for High-efficiency Particulate Air Filters by small and medium aircraft operating firms acts as the major restraining factor here.
An increase in the use of machinery made by using fiberglass in lightweight aircraft is limiting the growth of the Aircraft Filters Market.
Global Aircraft Filters Market Segment Analysis:
The Global Aircraft Filters Market is segmented
By Type, The need for filtered air by passengers and cabin crew has resulted in making Air Filters dominate the segment of Aircraft Filters. The need for filtered air for aircraft engines to remove dust and unnecessary particles has resulted in a 6.1% increase in demand for Aircraft Filters for Air Filtration by the airline industry in the year 2019. An increase in the demand for filters for the smooth working of the engine has resulted in a 1.8% increase in demand for Aircraft Filters for Fluid filtration by the aviation industry.
By Aircraft Type, Increased demand for Drone Inspection and Monitoring equipment by various industries has forecasted the UAV segment to dominate the market in the coming decade. Increased demand for the presence of filtration assembly in the engine has resulted in a 2.8% increase in installation of Aircraft Filters in Rotary Wing type Aircraft carriers in the year 2018. The rising preference for Fluid filtration assembly has resulted in a 1.8% increase in demand for Aircraft Filters in Fixed Wing type aircraft carriers in the year 2018.
By Material, The use of Plastic in manufacturing biofilters that removes harmful biological components that can cause severe effects on human health has made Plastic dominate the material segment of the Aircraft Filters Market in the forecasted period. The rising preference for Aluminum to manufacture air filters with long life has resulted in a 6.3% increase in demand for it to manufacture Aircraft Filters in the year 2018.
The rising preference for low-cost air filtration devices by Aircarrier services in low-income countries has resulted in a 2% increase in demand for Foams for manufacturing Aircraft Filters in the year 2018. Different materials like Pleated Paper and Spun Fiberglass are used as per need.
By Application, Hydraulic System is the crucially important segment for any aircraft. The rising need to provide filtered Hydraulic Fluid as a means of heat transmission, heat transfer, and lubricating has resulted in a 3.1% increase in demand for Aircraft Filters in Hydraulic Systems. The need to circulate filtered air for proper functioning has resulted in a 1.8% increase in demand for Aircraft Filters in manufacturing Avionics Systems.
The increased demand for compressed air to increase the pressure of circulating air has resulted in a 2.1% increase in demand for Aircraft Filters while installing Pneumatic Systems in the year 2018 by the aviation industry. The rising need to supply filtered air to the engine to avoid any damage to it has resulted in a 1.3% increase in the installation of Aircraft Filters near the Engine of the Aircraft.
By Sales Channel, The low life and high maintenance cost has resulted in making Original Equipment Manufacturer dominate the medium used for purchasing Aircraft Filters. The medium of Aftersales has observed a rise of 3% in the number of customers as more and more countries are starting their airlines' services.
The short life of Filters and convenience in buying a new one as compared to repairing existing ones has resulted in making Original Equipment Manufacturers a preferred medium for purchasing Aircraft Filters. Increased pressure for installing the air-filtration system as per the guidelines suggested by IATA, a rise of 3.3% has been observed in the sales of Aircraft Filters through the medium of OEM, in the year 2018. The demand for used equipment by the low-cost airlines or air-carrier services present in the middle and low-income countries has resulted in a 2.1% increase in demand for Aircraft Filters by the medium of used aircraft sellers in the year 2018.
Global Aircraft Filters Market Regional Insights
The presence of major players in the aviation industry and leading manufacturers of Aircraft and Aircraft components has resulted in making North America a leading manufacturer and consumer of Aircraft Filters. An increase in demand for products that will reduce the accidents happening to aircraft has resulted in an 8% increase in demand for Aircraft Filters from 2015-2019 as compared to the first decade of the 21st Century.
The rising preference for health risk-free environment in Airplane cabins by customers has resulted in a 6.1% increase in demand for Aircraft Filters by Civil Aviation firms like Lufthansa and British Airways that are present in Europe. An increase in the use of Unmanned Aerial Vehicles has resulted in a 2.3% increase in demand for Aircraft Filters in the year 2019 by the commercial sector present in this region.
The presence of the big defense and civil aviation industry in countries like China, India, Japan, South Korea, and Australia has resulted in a 3.2% increase in demand for Aircraft Filters in the Asia-Pacific region in the year 2019 as compared to the duration of 2005-2018. The Middle East and Africa’s market is showing a growth rate of 2.4% which is concentrated more in the countries like Israel, Jordan, Saudi Arabia, Iran, and UAE.
The South American Market is showing a low growth rate, the reason for which is the presence of a weak civil and military aviation industry.
The objective of the report is to present a comprehensive analysis of the global Aircraft Filters market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Aircraft Filters market dynamics, structure by analyzing the market segments and Project the global Aircraft Filters market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Aircraft Filters market make the report investor’s guide.
Global Aircraft Filters Market Scope: Inquire before buying
Global Aircraft Filters Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Aircraft Filters Market Key Players
• Donaldson, Inc.
• Parker Hannifin Corporation
• PTI Technologies Inc.
• Pall Corporation
• Purolator Facet, Inc.
• Champion Aerospace, LLC
• Porvair PLC
• Recco Products, Inc.
• Hollingsworth & Vose
• Safran Filtration Systems
• Freudenberg Group
• Eaton Corporation
• Swift Filters Inc.
• Clarcor Inc.
• Amphenol Corporation
FAQs:
1) What is the market share of the Global Aircraft Filters Market in 2019?
Answer: The Global Aircraft Filters Market was valued at US $ 720.65 Million in the year 2019.
2) Which is the dominating region for the Global Aircraft Filters Market?
Answer: The presence of a large population preferring air travel and the presence of strict regulations regarding the concerns of the health of passengers has resulted in making North America the biggest market for Aircraft Filters.
3) What are the opportunities for technological development in the Global Aircraft Filters Market?
Answer: The installation of separate filters for removing organic and inorganic components to make air travel a safer option along with the use of green materials for manufacturing filters are some of the opportunities for technological development in the Global Aircraft Filters Market.
4) Which factor acts as the driving factor for the growth of the Global Aircraft Filters Market?
Answer: An increase in the number of people traveling through airlines and rising preference for the safety of the passengers and crew members act as the major driving factor for the growth of the Global Aircraft Filters Market.
5) What factors are restraining the growth of the Global Aircraft Filters Market?
Answer: Increased preference for Filters made by using micro fiberglass and rising demand for HEPA filters acts as the major restraining factor for the growth of the Global Aircraft Filters Market.