According to the latest report from Precision Business Insights (PBI), the global aircraft filters market is valued at USD 8,958.6 million in 2021, the global aircraft filters market segmented into the following types: by application (hydraulic system, engine, avionics and cabin), By filter type (air filter and liquid filter), by aircraft type (fixed-wing aircraft and rotary-wing aircraft), by end-use sector (commercial and military) and Geography (North America, Europe, Asia-Pacific and Rest of the World) Forecast to 2028. Profiles of key players in the Aircraft Filters Market report are Donaldson Company, Inc., Freudenberg Group, Hollingsworth & Vose, Pall Corporation, PARKER HANNIFIN CORP, Safran, Sefar, Recco Products. Technological advancements in the aviation industry focusing on increasing safety of operations, prevention of aircraft damage and increasing demand for air travel are driving the growth of aircraft filters market. In addition, concerns over passenger safety and increasing government spending on military aircraft in several countries are expected to create opportunities for players operating in the aircraft filters market. Increased consumer preference for aircraft filtering devices that can be used at home presents an opportunity for marketers.
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The hydraulic systems segment dominates the aircraft filters market:
Hydraulic systems segment of the aircraft filter market had the highest revenue share in 2021, and it is projected to grow at a CAGR x percent from 2022 to 2028, reaching USD x Mn by 2028. of hydraulic systems in various applications such as flight control systems, lubrication, cooling and others create demand for hydraulic systems. The global aircraft filter market is primarily driven by increasing disposable income of an expanding population, short replacement cycle of aircraft filters, and increasing demand for fuel-efficient aircraft. Growing demand for electric and alternative fuel aircraft in the global aircraft filter market is a drag on the growth.
North America leads the aircraft filter market:
The North American aircraft filter market accounted for 33.4% of the overall market in 2021. The market in North America is growing, driven by major aircraft manufacturers and new product launches by industry players. industry, aircraft filter manufacturers and distributors in the region. Also, countries in APAC and Europe are expected to create cost-effective options for aviation filtration in the near future.
Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
Global Aircraft Filters Market further reveals that the major players are increasingly adopting strategies such as new product launches, product launches and long-term alliance to enhance the market revenue share and gain market share. significant geographical presence in the region. For example, in April 2022, Parker Hannifin Corporation, the world leader in motion and control technologies, confirms that the European Commission has cleared the acquisition of Meggitt PLC subject to full compliance with the commitments offered by Parker, including the divestment of Parker’s Aircraft Wheel and Brake Division, located in Avon, Ohio in the United States. Parker has begun the process of selling this business. In January 2022, Pall Corporation, a leader in filtration, separation and purification technologies and an operating company of Danaher, introduced the new line of SupralonTM hydraulic oil filter and lubrication elements, an upgrade direct connection to Pall’s Coralon®, Ultipor® and Red1000 series filters. Supralon filter elements incorporate a new pack construction with filter media utilizing Strain Resistant Technology (SRT) and exhibiting anti-static properties, which ultimately help protect and extend equipment life in hydraulic and power applications. lubricating oil.
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The aircraft filters market is segmented on the basis of application, filter type, aircraft type, end use, and geography.
Based on Application, the market is segmented as follows:
• Radio frequency
Based on Filter Type, the market is segmented as follows:
• Air filter
• Liquid filter
On the basis of aircraft type, the market is segmented as follows:
• Fixed-wing aircraft
• Rotary wing aircraft
On the basis of end user, the market is segmented as follows:
Based on geography, the market is segmented as follows:
• North America
• Asia Pacific
• Latin America
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