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Aircraft Pump Market Analysis

  • Report ID: GMI6991
  • Published Date: Oct 2023
  • Report Format: PDF

Aircraft Pump Market Analysis

Based on the type, the market is segmented into fuel pumps, hydraulic pumps, lubrication pumps, water & waste system pumps, air conditioning, and cooling pumps. The hydraulic pumps segment showed the fastest growth in 2022, with a share of over 25%.
 

  • Hydraulic pumps, particularly electric ones, are preferred in the aircraft industry for their efficiency. They provide precise and consistent power, ensuring the reliable operation of critical systems such as landing gear and flight control surfaces. This reliability is paramount for flight safety.
     
  • Modern electric hydraulic pumps are exceptionally lightweight and compact, addressing the aviation industry's constant quest to reduce aircraft weight. Their compact design allows for efficient use of limited onboard space, crucial for both commercial and military aircraft.
     
Aircraft Pump Market Share, By End-use, 2022

Based on the end use, the market is divided into aftermarket and OEM. The aftermarket segment is anticipated to register a CAGR of over 6.5% through 2032.
 

  • The aftermarket segment is growing due to several factors. As aircraft fleets age, there is an increasing need for the replacement and upgrade of pump systems, driven by safety and efficiency considerations. The airlines and operators are shifting toward condition-based maintenance, which necessitates more frequent pump inspections and replacements.
     
  • Technological advancements in pump systems prompt operators to retrofit their older aircraft with more efficient and reliable pumps. The expansion of the global aviation industry has led to a higher volume of flights, increasing the demand for regular maintenance and replacement of pump components to ensure safe & reliable operations.
     
 U.S. Aircraft Pumps Market Size, 2021-2032, (USD Million)

North America dominated the global aircraft pump market with a share of over 30% in 2022. The region contributes significantly to the world's aerospace industry, with major aircraft manufacturers, airlines, and suppliers based in the U.S. and Canada. This concentration of industry players boosts the demand for advanced pump systems to support both commercial and military aviation. North America has been at the forefront of technological innovation, leading to the development of more efficient & environment-friendly pump solutions. Stringent safety and regulatory standards in the region necessitate constant upgrades and replacements of pump systems, fostering market growth.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft pump surpassed USD 3 billion in 2022 and is projected to witness substantial growth at over 5.5% CAGR from 2023 to 2032 owing to the increasing need for flexible & lightweight aircraft, coupled with compact pumping systems.

Aircraft pump market from the aftermarket end-use industry segment is projected to witness over 6.5% CAGR from 2023 to 2032 attributed to the increasing requirement for the replacement and upgrading of pump systems, driven by safety and efficiency considerations.

North America held more than 30% revenue share of the aircraft pumps market in 2022 and is expected to expand at notable CAGR from 2023-2032 driven by the presence of the robust aerospace sector, with major aircraft manufacturers, airlines, and suppliers.

Some of the top companies engaged in the aircraft pump business are Crane Co., Eaton Corporation Plc, Honeywell International Inc., Parker-Hannifin Corporation, Safran, Woodward Inc., and Zodiac Aerosystems.

Aircraft Pump Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 403
  • Countries covered: 22
  • Pages: 220
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