The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global aircraft pumps market has experienced substantial growth, with the market size surging from $3.34 billion in 2022 to $3.63 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. This upward trajectory is projected to continue, with expectations reaching $5.08 billion in 2027 at a slightly reduced but still impressive CAGR of 8.7%.

Inflight Growth: Catalysts Driving the Aircraft Pumps Market

The surge in air passenger traffic stands as a primary driver for the expanding aircraft pumps market. Several factors contribute to this surge, including the rise in global GDP, increased disposable income, and elevated living standards. The prolonged lockdowns resulting from the COVID-19 outbreak have further fueled the demand for air travel, both for business and leisure. As the demand for aircraft rises, so does the need for efficient and reliable aircraft pumps, integral for fluid and gas flow within the aircraft. A May 2022 report by the International Civil Aviation Organization (ICAO) revealed a 65% increase in passengers from January to April 2022 compared to the same period in 2021, accompanied by a 30% rise in aircraft flight departures.

Industry Titans: Key Players in the Aircraft Pumps Market

Major players in the aircraft pumps market play a crucial role in its growth and innovation. Companies such as Eaton Corporation plc, Parker Hannifin Corporation, Woodward, Honeywell International Inc., and others dominate the landscape, contributing to the industry’s vitality. These entities are at the forefront of developing cutting-edge technologies and solutions to meet the evolving demands of the aviation sector.

Collaborative Ascent: Partnerships Shaping the Market

Partnerships and collaborations are emerging as key trends within the aircraft pumps market. In an effort to expand their market reach and leverage complementary resources, companies are entering into strategic partnerships with aircraft pump manufacturers. An illustrative example is the collaboration between McFarlane Aviation and C J Aviation in July 2021. McFarlane Aviation, an engineering and manufacturing company, joined forces with C J Aviation, a manufacturer and distributor of fuel, smoke, and hydraulic pumps. This collaboration not only enhances C J Aviation’s market access but also accelerates product development and FAA certification, thanks to McFarlane’s technical and manufacturing expertise.

Market Segmentation: Navigating the Diverse Landscape

The global aircraft pumps market is multifaceted, characterized by diverse segments catering to specific needs. These segments include:

1. By Type:
   • Hydraulic Pumps
   • Fuel Pumps
   • Lube And Scavenge Pumps
   • Water And Wastewater Pumps
   • Air Conditioning And Cooling Pumps
2. By Aircraft Type:
   • Fixed Wing
   • Rotary Wing
   • Unmanned Aerial Vehicles
3. By Technology:
   • Engine Driven
   • Electric Motor Driven
   • Ram Air Turbine Driven
   • Air Driven
4. By Pressure:
   • Up to 350 Pounds per Square Inch (PSI)
   • Between 350 – 1,500 PSI
   • Between 1,500 – 3,000 PSI
   • Above 3,000 PSI
5. By End User:
   • OEM (Original Equipment Manufacturer)
   • Aftermarket

Global Outlook: Regional Dynamics of the Aircraft Pumps Market

In 2022, North America claimed the title of the largest region in the aircraft pumps market. However, looking ahead, Asia-Pacific is poised to be the fastest-growing region in the forecast period. The region’s expanding aviation sector, coupled with increasing investments in aerospace technologies, positions Asia-Pacific as a significant contributor to the overall growth of the aircraft pumps market.

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The Aircraft Pumps Global Market Report 2023 provides an overviewof the aircraft pumps market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The aircraft pumps market forecast analyzes aircraft pumpsmarket size, aircraft pumps market share,leading competitor and their market positions.

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