Factors such as rise in global air travel and surge in new aircraft deliveries in countries such as China, Mexico, Brazil and India are estimated to be the key growth drivers in the global aircraft hydraulic system market.
New York, NY -- (SBWIRE) -- 05/11/2017 -- The Global Aircraft Hydraulic System market is segmented on the basis of type as follows: Closed Center Hydraulic System and Open Center Hydraulic System
The Global Aircraft Hydraulic System market is segmented on the basis of component as follows: Actuators & Filters, Reservoir, Pump, Vane & Spur Gear, Hydraulic Fluid, Pressure Regulator, Accumulator, Valves, and Others (connectors)
The Global Aircraft Hydraulic System market is segmented on the basis of end-use as follows: Commercial Aviation, Business Aviation, Military Aviation and Others
The Global Aircraft Filter market is segmented on the basis of platform into: Fixed-Wing Platform and Rotary Wing Platform
The Global Aircraft Filter Market is segmented on the basis of aircraft type into: Large Widebody, Medium Widebody, Small Widebody, Single Aisle and Regional Jets
Hydraulic systems have experienced a major transformation in terms of weight (they have become lighter over the years), simplification of inspection, ease of installation and maintenance requirements (latest hydraulic systems demand minimum maintenance). Hydraulic systems are not new to the aircraft market. In the past, aircrafts have used hydraulic brake systems. As the aircraft industry is evolving, manufacturers are coming up with newer systems. Hydraulic power systems were developed to meet the requirements of the modern-day aircraft industry.
Aircraft hydraulic systems enhance the efficiency of an aircraft's components. Aircraft hydraulic systems facilitate easy operation of flaps, landing gear, brakes and flight control surfaces in aircrafts. The complexity of aircraft hydraulic systems depends on the size of the aircraft. For instance, smaller size aircrafts need hydraulic fluid only for wheel brakes. Larger size commercial aircrafts, on the other hand, require hydraulic systems that are complex and large in size. To achieve the essential consistency, an aircraft hydraulic system may consist of several subsystems. Each subsystem include actuators & filters, reservoir, pump, vane & spur gear, hydraulic fluid, pressure regulator, accumulator, valves and others (connectors).
Aircraft hydraulic systems have many advantages such as lower cooling cost, high reliability, load handling capacity and high power to weight ratio. Such beneficial parameters are estimated to spur the global aircraft hydraulic system market over the forecast period.
Rise in global air travel and surge in new aircraft deliveries are the primary factors driving the growth of the global aircraft hydraulic system market. The demand for new aircrafts from countries such as China, Mexico, Brazil and India is increasing and this is expected to affect the global aircraft hydraulic systems market in a positive way.
Furthermore, attractive investments in research & development of aircraft hydraulic systems by developed nations to investigate the scope of reliability, load handling capacity and high power to weight ratio will work in favour of the global aircraft hydraulic system market.
However, fluctuations in the aviation industry may act as a growth restraint in the global aircraft hydraulic system market. Additionally, global economic uncertainty may also hamper the growth of global aircraft hydraulic system market.
Moreover, factors such as high maintenance cost and high system weight result in increased usage of electric systems which is estimated to act as a growth restraint for the global aircraft hydraulic system market.
Geographically, Japan is estimated to be a lucrative market for aircraft hydraulic systems over the forecast period. In North America aircraft hydraulic system market, the U.S. aircraft hydraulic system manufacturers are witnessing huge opportunities in the market as the domestic aircraft industry is undertaking international projects to develop small jets and transport & patrol aircrafts for defence.
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Asia-Pacific aircraft hydraulic system market is estimated to account for a dominant market share of the global market over the forecast period owing to economic growth, new structural activities and high demand for new aircrafts. Europe aircraft hydraulic system market is estimated to register stable growth during the start of the forecast period and register strong growth between 2022 and 2027 owing to significant economic recovery. Latin America and Middle East & Africa are estimated to register rapid growth over the forecast period.
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Examples of some of the market participants in the global aircraft hydraulic system market identified across the value chain include:
Senior plc., PARKER HANNIFIN CORP, Eaton Corporation PLC, TRIUMPH GROUP, INC., United Technologies Corporation