The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The aircraft pumps market has witnessed remarkable expansion in recent years, surging from $3.75 billion in 2023 to a projected $4.14 billion in 2024, showcasing a commendable Compound Annual Growth Rate (CAGR) of 10.5%. This upward trajectory is rooted in the growth of commercial aviation, military aircraft modernization, an aging aircraft fleet, compliance with aircraft safety regulations, and the emergence of new markets.

Anticipating Robust Growth Ahead

1. Projecting Future Prosperity:
   • The market is poised for robust expansion, expected to reach $6.03 billion by 2028, displaying a strong CAGR of 9.9%.
2. Driving Forces:
   • Development of electric aircraft
   • Air travel recovery
   • Rising defense budgets
   • Trade and geopolitical factors
   • Increasing tourism activities
3. Forecasted Trends:
   • Lightweight materials and design
   • Sustainable and green technologies
   • Digitalization and IoT integration
   • Increased reliability and redundancy
   • Pump health monitoring

Rising Air Passenger Traffic as a Growth Driver

1. Impact of Passenger Air Traffic:
   • The surge in air passenger traffic emerges as a pivotal factor propelling the growth of the aircraft pumps market.
   • Contributing factors include rising GDP, disposable income, and living standards.
2. Post-COVID Travel Upsurge:
   • Prolonged lockdowns during the COVID-19 outbreak led to an upsurge in both business and leisure travel.
   • International Civil Aviation Organization (ICAO) reports a 65% increase in passengers and a 30% rise in aircraft flight departures from January to April 2022 compared to the same period in 2021.

Read The Full Aircraft Pumps Market Report Here:
https://www.thebusinessresearchcompany.com/report/aircraft-pumps-global-market-report

Major Players and Innovations

1. Industry Giants:
   • Key players shaping the aircraft pumps market include Eaton Corporation PLC, Parker Hannifin Corporation, Woodward Inc., Honeywell International Inc., Triumph Group Inc., Moog Inc., and others.
2. Launch of Pro Series ½ Gallon Air/Hydraulic Pump:
   • Companies are exploring advanced pump technologies to gain a competitive edge.
   • In June 2021, Esco Technologies Inc. launched the Pro Series ½ Gallon Air/Hydraulic Pump, designed with a lightweight aluminum air motor for easy handling and transport.

Strategic Acquisition for Technological Synergy

1. Eaton’s Acquisition of Cobham Mission Systems:
   • In June 2021, Eaton acquired Cobham Mission Systems for $2.83 billion, enhancing its fuel systems business.
   • This strategic move leverages Cobham Mission Systems’ technologies and strengthens Eaton’s aerospace presence.

Navigating the Market Landscape

Market Segmentation

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 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

Regional Dynamics

1. North America’s Dominance:
   • In 2023, North America emerged as the largest region in the aircraft pumps market.
2. Anticipated Growth in Asia-Pacific:
   • Asia-Pacific is expected to be the fastest-growing region in the forecast period.

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The Aircraft Pumps Global Market Report 2024  provides an overview of 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 pumps market size, aircraft pumps market share, leading competitor and their market positions.

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