Aircraft Pumps Market Size & Growth Analysis to 2030

The global aircraft pumps market size is anticipated to register a significant CAGR of around 7% during the forecast period from 2021 to 2027 and was valued at over USD 3 billion in 2020. The growing aircraft fleets and the increasing air traffic are some major factors to drive the market growth. The growing use of air transportation in the commercial sector is further expected to fuel the market. The rising need to develop light and more flexible aircraft to improve efficiency is expected to uplift the market.

Market Drivers:

Increasing Air Travel and Passenger Demand: The growth of the aviation industry, driven by increasing air travel and passenger demand, fuels the demand for aircraft pumps. As airlines expand their fleets and add new aircraft, there is a need for reliable and efficient pumps to support various critical functions, such as fuel, hydraulic, lubrication, cooling, and water systems.

Advancements in Aircraft Technology: The continuous advancements in aircraft technology, including the development of more fuel-efficient engines, lightweight materials, and advanced systems, drive the demand for sophisticated pumps. Modern aircraft require pumps with higher performance, improved reliability, and enhanced efficiency to meet the evolving industry standards and regulatory requirements.

Growing Focus on Fuel Efficiency and Environmental Sustainability: The aviation industry is increasingly focusing on fuel efficiency and environmental sustainability to reduce carbon emissions and operating costs. Fuel pumps play a crucial role in aircraft fuel systems, and their efficiency directly impacts fuel consumption. As airlines seek to improve fuel efficiency and meet environmental regulations, the demand for high-performance and energy-efficient fuel pumps increases.

Expansion of the Commercial Aircraft Fleet: The growing number of commercial aircraft, driven by increasing air travel and the replacement of aging aircraft, contributes to the demand for aircraft pumps. As airlines invest in new aircraft models, there is a need for pumps that offer improved performance, reliability, and operational efficiency.

Increasing Demand for Military Aircraft: The defense sector is a significant consumer of aircraft pumps, particularly in military aircraft applications. Defense spending and the modernization of military fleets worldwide drive the demand for pumps used in critical systems, including fuel, hydraulic, and cooling systems. The need for reliable and high-performance pumps in military aircraft sustains the growth of the aircraft pumps market.

Retrofitting and Upgrading of Existing Aircraft: The retrofitting and upgrading of older aircraft with new systems and technologies contribute to the demand for aircraft pumps. Airlines and operators seek to improve the performance, efficiency, and safety of their existing aircraft through upgrades and modifications, including the installation of new pumps or replacement of outdated pumps.

Technological Advancements in Pump Systems: Continuous technological advancements in pump systems, such as the development of lightweight materials, improved design, and advanced manufacturing techniques, contribute to the growth of the aircraft pumps market. These advancements result in pumps that offer higher efficiency, increased reliability, reduced maintenance requirements, and longer lifespan.

Increasing Focus on Aircraft Safety and Reliability: Safety and reliability are paramount in the aviation industry. Aircraft pumps play a critical role in the operation and performance of various aircraft systems. The focus on ensuring safe and reliable operations drives the demand for high-quality pumps that meet stringent industry standards and regulatory requirements.

Maintenance, Repair, and Overhaul (MRO) Activities: The MRO sector plays a vital role in the aircraft pumps market. As aircraft undergo regular maintenance and repair, pumps may need to be replaced or overhauled. The ongoing MRO activities, driven by the need to maintain the airworthiness and performance of aircraft, create a steady demand for aircraft pumps.

Market Outlook:

Market Insights:

The global aircraft pumps market is bifurcated into type, technology, aircraft type, end-use, and geography. On the basis of pump type, the market is further segmented into fuel pumps, hydraulic pumps, lubrication pumps, and others. The fuel pumps segment dominated the market in 2020 owing to the increasing demand for aircraft transport in the commercial sector globally. At the time of lockdown amidst COVID-19, the part replacement and planes repair were held in various countries. Furthermore, the increasing use of UAVs in surveillance, security, and modern agriculture is projected to drive the segment growth over the forecast period.

On the basis of technology, the market is divided into ram air turbine-driven, air-driven, engine-driven, and electric motor-driven. The electric motor driven segment is accounted to grow at the fastest growth rate over the forecast period. The segment growth is attributed to its benefits such as low fuel consumption and reduced emission. The manufacturers are focusing to shift towards electric components from traditional pneumatic and hydraulic components to improve efficiency and reduce carbon emission.

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By aircraft type, the global aircraft pumps market is segmented into fixed-wing, rotary wing, and unmanned aerial vehicles. The UAVs segment is anticipated to register the highest growth rate over the forecast period. The increasing use of UAVs in security & surveillance, modern agriculture, and disaster management is further expected to increase the demand for aircraft pumps over the forecast period.

The aircraft pumps comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The aircraft pumps market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Type:

• Fuel Pumps
• Hydraulic Pumps
• Lubrication Pumps
• Water and Waste System Pumps
• Air-conditioning and Cooling Pumps

By Technology:

• Ram Air Turbine Driven
• Air Driven
• Engine Driven
• Electric Motor Driven

By Aircraft Type:

• Fixed Wing
• Rotary Wing
• Unmanned Aerial Vehicles

By End-Use:

• OEM
• Aftermarket

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global aircraft pump market in 2020. The technological advancement in pumps is one of the prominent factors driving the market growth in the region. The increasing number of aircraft and the rising investment by companies to deliver high quality is further expected to fuel the market growth in North America. Moreover, the presence of some major players such as Parker-Hannifin Corporation, Woodward, Inc., Crane Co., and Collins Aerospace has contributed to the market growth in the region. In contrast, the Asia Pacific is accounted to grow at the fastest CAGR over the forecast period due to the rapid growth in air travel coupled with the growing disposable income per capita and increasing population.

Market Competition Assessment:

Some of the major players operating in the global aircraft pumps market are Safran, Eaton Corporation plc, Parker-Hannifin Corporation, Woodward, Inc., and Crane Co. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Safran
• Eaton Corporation plc
• Parker-Hannifin Corporation
• Woodward, Inc.
• Crane Co.
• Honeywell International Inc.
• Mitsubishi Heavy Industries, Ltd.
• Pall Corporation
• AeroControlex
• Zodiac Aerosystems

Key Questions Answered by Aircraft Pumps Market Report

• Global aircraft pumps market forecasts from 2021-2027
• Regional aircraft pumps market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Aircraft pumps submarket forecasts from 2021-2027 cover the market by type, by technology, by aircraft type, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the aircraft pumps market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level aircraft pumps markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the aircraft pumps market