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Aircraft Pump Market Trends

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

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Aircraft Pump Market Trends

The aviation industry is increasingly investing in electric and hybrid-electric aircraft to reduce emissions and operational costs. This trend creates a demand for specialized pumps capable of handling the unique requirements of these propulsion systems. Electric aircraft rely on electric motor-driven pumps for functions including cooling and thermal management, while hybrid aircraft require pumps for both conventional and electric power systems. As a result, the market is adapting to provide innovative, energy-efficient solutions designed for these emerging technologies.

Weight reduction is a key goal in aircraft design to enhance fuel efficiency. Lightweight materials, such as composites, are now being used in pump construction. These materials offer the dual benefits of reducing the weight of the pumps themselves and the overall weight of the aircraft. As aircraft manufacturers strive to meet stringent efficiency and emission standards, the trend toward lightweight materials in pump design remains a crucial factor in the aircraft pump industry's evolution.

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.