Global Aircraft Hydraulic System Market Overview And Prospects – Includes Aircraft Hydraulic System Market Analysis
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The global aircraft hydraulic system market is expected to grow from $1.70 billion in 2021 to $1.94 billion in 2022 at a compound annual growth rate (CAGR) of 14.2%. The global aircraft hydraulic system market size is expected to reach $2.99 billion in 2026 at a CAGR of 11.4%.
An increase in the usage of larger commercial aircraft is expected to propel the growth of the aircraft hydraulic system market going forward.
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The aircraft hydraulic system market consists of sales of aircraft hydraulic systems by entities (organizations, sole traders, and partnerships) that are used to control and manage equipment such as brakes, flaps, and thrust reversers in air crafts. Aircraft hydraulic systems refer to the system that performs the function of moving and actuating landing gears in an aircraft. This helps in creating force and transmitting pressure on every part and helps the aircraft fly high.
Global aircraft hydraulic system market segments include:
By Type: Open-Center, Closed-Center
By Component: Reservoirs, Pumps, Valves, Hydraulic Fuses, Accumulators, Actuators, Others
By Fluid Type: Vegetable-Based, Petroleum-Based, Synthetic-Based
By Wing Type: Fixed-Wing, Rotary Wing
By End-User: Air force, Commercial and General Aviation
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global aircraft hydraulic system market in 2021.
Technological advancements have emerged as the key trend gaining popularity in the aircraft hydraulic system market. Major companies operating in the market are introducing new technologies to sustain their position in the market.
TBRC’s aircraft hydraulic system market report covers:
Major Market Players: Parker Hannifin Corporation, Dynex/Rivett Inc., Liebherr-International AG, Woodward Inc., Triumph Group Inc., Moog Inc., Arkwin Industries Inc., Safran S.A., Hycom Engineering, and Senior plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Aircraft Hydraulic System Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides aircraft hydraulic system market overviews, analyzes and forecasts market size, share, aircraft hydraulic system market players, aircraft hydraulic system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aircraft hydraulic system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here is a list of similar reports from The Business Research Company:
Aircraft Actuator Global Market Report 2022
Aircraft Nacelle And Thrust Reverser Global Market Report 2022
EVTOL Aircraft Global Market Report 2022
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