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Aerospace Valves - Global Strategic Business Report

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    Report

  • 567 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804495

Global Aerospace Valves Market to Reach $15.4 Billion by 2030

The global market for Aerospace Valves estimated at US$10.8 Billion in the year 2023, is projected to reach a revised size of US$15.4 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030.

Steel Aerospace Valves, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Titanium Aerospace Valves segment is estimated at 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6.3% CAGR

The Aerospace Valves market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 100 Featured)

  • Eaton Corporation PLC
  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Circor International, Inc.
  • Aero Fluid Products
  • Circor Aerospace, Inc.
  • Crissair, Inc.
  • Curtiss-Wright Valve Group
  • Aero Space Controls Corporation
  • AeroControlex Group
  • Beswick Engineering Co., Inc.
  • Emerson Electric Co.
  • G.W. LISK Company, Inc.
  • Cla-Val
  • Committee for Aviation and Space Industry Development (CASID)

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022, 2023 and 2024
  • Pandemic Dents Prospects in the Aviation Industry
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Drop in Aviation Sector Impacts Demand for Aerospace Valves
  • Staged Recovery over Long-Term
  • Competitive Scenario: Established Vendors in Aerospace Valves Market Facing Fierce Competition from Local Players
  • Aerospace Valves - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Aerospace Valves Market Appears Poised to Soar to New Heights: Global Market Prospects & Outlook
  • COVID-19 Pandemic Clips Wings of Global Aerospace Valves Market
  • Interesting Dynamics Means Brisk Business for Global Aerospace Valves Market
  • Rising Demand for New Aircraft
  • Expansion of Commercial Aircraft Industry
  • Frequent Replacement of Aircraft Valves
  • Additive Manufacturing as Big Trend
  • Volatile Prices of Raw Materials & Limited Innovation
  • Opportunity: IoT-Powered Valves
  • Analysis by Material
  • World Aerospace Valves Market by Material (2024 & 2030): Percentage Breakdown of Sales for Steel, Titanium, Aluminum, and Other Materials
  • Analysis by Valve Type
  • World Aerospace Valves Market by Type (2024 & 2030): Percentage Breakdown of Sales for Check Valves, Pressure Control Valves, Ball Valves, Butterfly Valves, Relief Valves, Solenoid Valves, and Other Valves
  • Analysis by Aircraft Type
  • World Aerospace Valves Market by Aircraft Type (2024 & 2030): Percentage Breakdown of Sales for Fixed Wing, and Other Aircraft Types
  • Analysis by End-Use
  • Aerospace Valves Market by End-Use by Global, North America, and Europe (2024E): Percentage Breakdown of Sales for Aftermarket, and OEM
  • Regional Analysis: Developed Regions, Primary Revenue Contributors
  • Developing Markets to Register Improved Growth
  • North America Sweeps Aerospace Valves Market with Majority Stake
  • World Aerospace Valves Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2024 & 2030
  • World Aerospace Valves Market - Geographic Regions Ranked by CAGR (Sales) for 2023-2030: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Aerospace Valves: An Introductory Prelude
  • Types of Aerospace Valves
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Pandemic Impact on the Aerospace Industry and the New Normal
  • Global Airline Industry Market Reset & Trajectory - Market Size Outlook (In US$ Billion) For Years 2018 Through 2024E
  • Post Pandemic, Growing Commercial Aviation Sector to Guide Growth Opportunities
  • Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
  • Aircraft Replacement Demand Supports Growth
  • Aircraft MRO Services: Huge Opportunity to Drive Long-Term Growth
  • Global MRO Spending (In US$ Billion) by Segment for the Years 2020 & 2027
  • Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
  • Global Aircraft Deliveries by Region: 2021-2040
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Spending Patterns in the Defense Sector to Strengthen Growth Prospects
  • Defense Expenditure Worldwide in US$ Billion for the Years 2011 through 2023
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2023
  • As the World Steps Up Military Spending in the Wake of the Russia Ukraine War, Military Grade Aerospace Valves are Poised to Benefit from the Unfortunate State of Global Geo-Political Affairs
  • Germany’s Historic Military Investments in 2022 Exemplifies the Prevailing Global Sentiment that the World is a Dangerous Place Where the Threat of Authoritarian States Can be Resisted Only With Big-Ticket Military Capabilities: Military Spending by Top Countries in 2023(E) (In US$ Billion)
  • Rising Demand for Fixed Wing Fighter Aircraft: A Favorable Scenario for Aerospace Valves Market
  • Zero-Leak Valves for Cutting Emission and Green Energy
  • Solenoid Valve Finds Usage in Controlling Tank Pressure for Critical Applications
  • Additive Manufacturing and 3D Printing Enter the Fasteners Ecosystem
  • Titanium Evolves as an Important Valve Material
  • Aluminum Loosing Sheen as Widely Used Valve Material for Aircrafts
  • Advanced Designs for Niche Application Areas of Brake Systems
  • Intake and Exhaust Valves Critical for Engine Performance Improvement
  • Valves for Engine Lubrication Systems
  • Valves in Aircraft Hydraulic Systems Help Maintain Pressure
  • Sophisticated Valves Maintain Fuel System Integrity
  • Performance is Critical for Spacecraft Valves
  • Advanced Technology Offerings for Terrestrial Valves
  • Issues & Challenges
  • Long-Term Supply Contracts Narrow Operating Margins for Ti Suppliers
  • Common Pain Points Experienced by Aerospace Manufacturers
  • Need to Improve Valve Efficiency
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Aerospace Valves Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Aerospace Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Aerospace Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Aerospace Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Titanium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Titanium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Titanium by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Aluminum by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Aluminum by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Aluminum by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Check Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Check Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Check Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Pressure Control Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Pressure Control Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Pressure Control Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Ball Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Ball Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Ball Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Butterfly Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Butterfly Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Butterfly Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Relief Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Relief Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Relief Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Solenoid Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Solenoid Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Solenoid Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Other Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Other Valves by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Other Valves by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 38: World Recent Past, Current & Future Analysis for Fixed Wing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 39: World Historic Review for Fixed Wing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 40: World 16-Year Perspective for Fixed Wing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 41: World Recent Past, Current & Future Analysis for Other Aircraft Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 42: World Historic Review for Other Aircraft Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 43: World 16-Year Perspective for Other Aircraft Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Aerospace Valves Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPANCHINA
EUROPE
  • Aerospace Valves Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEASIA-PACIFIC
AUSTRALIA
  • Aerospace Valves Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Eaton Corporation PLC
  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Circor International, Inc.
  • Aero Fluid Products
  • Circor Aerospace, Inc.
  • Crissair, Inc.
  • Curtiss-Wright Valve Group
  • Aero Space Controls Corporation
  • AeroControlex Group
  • Beswick Engineering Co., Inc.
  • Emerson Electric Co.
  • G.W. LISK Company, Inc.
  • Cla-Val
  • Committee for Aviation and Space Industry Development (CASID)

Table Information