Global Markets for Aircraft Pumps 2020-2027 - How the COVID-19 Pandemic Has Impacted Production and the Buy Side for 2020 and 2021 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aircraft Pumps - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

This 288-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Aircraft Pumps Market to Reach $5.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Pumps estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.

Engine Driven, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric Motor Driven segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $977.1 Million, While China is Forecast to Grow at 8.3% CAGR

The Aircraft Pumps market in the U.S. is estimated at US$977.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 8.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Rat Driven Segment to Record 5% CAGR

In the global Rat Driven segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$377 Million in the year 2020 will reach a projected size of US$516.2 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$698.2 Million by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.

Competitors identified in this market include, among others:

• AeroControlex
• Cascon, Inc.
• Crane Aerospace & Electronics
• Crissair, Inc.
• Eaton Corporation
• Honeywell International, Inc.
• Itt Aerospace Controls
• Parker Hannifin Corporation
• Tempest Plus
• Triumph Group, Inc.
• Weldon Materials, Inc.
• Woodward, Inc.

Total Companies Profiled: 42

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Aircraft Pumps: A Prelude
• Bright Prospects Ahead for Aircraft Pumps Market
• Prevailing Scenario in the World Aerospace Industry Points Towards Stellar Growth
• Ongoing Expansion in Commercial Airline Fleet Size Indicates High-Potential Opportunities
• Global Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2019 & 2029
• Global Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
• Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
• World Passenger Traffic (in RTK) and Cargo Traffic (in FTK) for Years 2016, 2017 and 2018
• Progressive Momentum in Business Jet Segment Amplifies Opportunities
• About 8,500 Private Jets to be Delivered over the 10-Year Period Starting from 2019: Annual Worldwide Private Jet Deliveries for Years 2018 through 2028
• Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
• Global Military Spending (in US$ Billion) for the Years 2013 through 2023
• Global Competitor Market Shares
• Aircraft Pumps Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Technology Advancements to Direct Market Expansion in the Coming Years
• Robust Progress on the Cards for Electric Motor Driven Aircraft Pumps
• Move Toward More Electric Aircraft (MEA) Creates Ample Opportunities
• Sophisticated Fuel Pumps Come to Fore to Enable Effective Fuel Transportation
• Engine Driven Fuel Pump: Important Element of Aircraft Fuel System
• Critical Importance of Hydraulics in Modern Aircraft: A Business Case for Hydraulic Pumps
• Engine Driven Pumps Augment Capabilities of Aircraft Hydraulics
• Rise of Advanced Lubrication Systems Seeks Modifications in Lubrication Pump Systems
• Gear and Gerotor: Two Important Pump Technologies for Turbine Lubrication
• Unconventional Water & Wastewater Management Requirements Seek Advanced Pumps in Aircraft
• 3D Printing Seeks Role in Design & Manufacture of Aircraft Pumps
• Ongoing Regulatory Emphasis on Reducing Aerospace CO2 Emissions to Give Edge to Lightweight Materials
• A Note on ICAO CORSIA Standard
• ICAO Seeks to Reduce Aircraft Energy Intensity from 12.1MJ/RTK in 2019 to 9.8MJ/RTK by 2030
• MRO Grows in Prominence by Dint of Stringent Maintenance Requirements of Modern Aircraft Pumps
• Evolving Hydraulic System Mechanism Expands MRO Options
• Critical Fuel System Maintenance Requirements Spur Fuel Pump MRO
• Fuel Pump Overhaul: Economical Alternative to New Purchase
• Healthy Trajectory in MRO Services Domain Boosts Prospects for Aircraft Pump MRO
• Current MRO Market Trends Across Various Geographic Regions: A Review
• World MRO Services Market (in US$ Billion) by Service Area for Years 2019 & 2029

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/v8t5fz