Market Trends of Aerospace Valves Industry
This section covers the major market trends shaping the Aerospace Valves Market according to our research experts:
The Butterfly Valve Segment Is Expected To Grow Significantly During The Forecast Period
Based on type, the butterfly valve segment is expected to grow significantly during the forecast period. The growth can be attributed to the extensive usage of butterfly valves in various applications such as the fuel system as well as the pneumatic system of the aircraft. Moreover, these valve systems have a compact size, fewer space requirements, and ease of usage, making them the apt choice to be used in the aviation industry. The butterfly valves were mainly used where a tight closure was not necessary, but on the other hand, currently, these valves are manufactured with tight seals made of rubber or elastomeric materials. In modern times, butterfly valves are used where there is limited space in the fluid ports in the aircraft body. Unlike gate valves, butterfly valves are typically used for throttling or regulating flow in fully open and fully closed positions. The pressure loss through a butterfly valve is small compared to the gate valve. These valves are qualified and used in military applications, helicopter applications, and almost all zones on turboprop and turbofan aircraft ranging from the engine compartment to the tailbone. The increased number of investments in the aviation industry, increased demand for forced induction devices, and a rise in the adoption of aircraft hybrid engines will lead to growth in the market in the years to come.
The United States Is Expected To Be The Largest Market During The Forecast Period
The United States is expected to be the largest market during the forecast period. The Key factor responsible for growth within the United States is the presence of many aircraft valve manufacturers. Moreover, the United States is backed by strong industry intelligence, making it a hub of the aviation industry, from component manufacturing to aircraft assembly. Additionally, there is a growing need for lightweight and high-performance aircraft valves in the region to support the demand from modern aircraft platforms such as Boeing 777x, Airbus 220, and Boeing 737 MAX.
The United States is also witnessing a rise in aircraft orders. Various airline companies within the United States are now focused on ordering new aircraft which is more fuel efficient and environmentally friendly. Companies such as United Airlines in September 2022 announced that they are negotiating with Boeing and Airbus for a sizeable wide-body aircraft order which they may place by the end of 2022. This has been done for United Airlines to expand its fleet. United Airlines already had orders for Airbus A350 aircraft, which was initially placed in 2010. The original order was for 25 Airbus A350-900 aircraft. By 2017, the order had been modified multiple times, and the airline changed its existing order from 35 A350-1000 to 45 A350-900 aircraft. Moreover, in December 2019, United announced that it was deferring its first delivery of the A350-900. As of the present scenario, the airlines still have an existing order for those 45 A350-900s aircraft. Thus, the increasing demand for commercial aircraft within the United States and the presence of leading aircraft valve manufacturers such as Honeywell International, Triumph Group, and Collins Aerospace will witness significant growth during the forecast period.
