This report provides an analysis of the aircraft pumps market from 2017
to 2023. It discusses the industry and technological trends prevailing in the
market. Furthermore, the report analyzes factors that may drive or restrain the
growth of the market in the coming years. The aircraft pumps market is projected
to grow at a CAGR of 6.57% globally during the forecast period from 2017 to
2023. The Asia Pacific region is expected to be the fastest-growing market
during the forecast period, owing to an increase in regional air passenger
traffic. The aircraft pumps market is expected to grow in various application
segments due to the increase in aircraft deliveries in regions such as the Asia
Pacific and North America. Airlines around the world are also focusing on the regular
in-time replacement of aircraft pumps for optimum fuel efficiency and efficient
aircraft operation, which would lead to the greater durability of aircraft
components, such as engines, fuel systems, and hydraulic systems, among others.
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The major drivers influencing the growth of the aircraft pumps market include
a rise in air passenger traffic across the world, increasing aircraft deliveries
across the Asia Pacific region, and shorter replacement cycle of aircraft pumps.
Based on application, the aircraft pumps market has been segmented into commercial, military, and general. The military application is
expected to be the fastest-growing segment of the market, due to the increasing
number of military aircraft fleet worldwide.
Based on pressure, the aircraft pumps market has been segmented into pressure ranges, such as 10 psi to 500 psi, 500 psi to 3000 psi, 3000
psi to 5000 psi, and 5000 psi to 6500 psi. The pumps help in pressurizing
various fluids, such as fuels, hydraulic oils, lubricating oils, and water and
transferring these fluids to different aircraft components that help towards the
better performance of aircraft.
Aircraft pumps, based on technology, have been segmented into Electric
Driven Pumps (EDPs), Electric Motor Driven Pumps (EMPs), Ram Air Turbine (RAT)
driven pumps, and Air Driven Pumps (ADPs). The EMPs segment is projected to
grow at the highest CAGR during the forecast period. EMPs are used as standby
units in case of emergency when engine driven pumps stop working.
Aircraft pumps, based on type, have been segmented into fuel pumps,
lubrication pumps, water & waste system pumps, and air conditioning &
cooling pumps. The air conditioning & cooling pumps segment is expected to
grow at the highest CAGR in the aircraft pumps market.
Aircraft pumps, based on end user,
have been segmented into OEM and aftermarket. The aftermarket segment is
projected to grow at the highest CAGR in the aircraft pumps market.
According to the International Air Transport Association (IATA) report,
Revenue Passenger Kilometers (RPKs) increased by 6.5% in 2015 as compared to
2014. This rise in air passenger traffic is expected to lead to an increase in the
demand for aircraft pumps in the commercial segment, majorly in the Asia
Pacific region.
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