Global Aircraft Pumps Market projected to grow by 4.8% CAGR, driven by lightweight systems demand.

From GlobeNewswire: 2024-07-16 21:30:00

The Global Aircraft Pumps Market is projected to grow from USD 3.6 billion in 2023 to USD 4.6 billion by 2028, with a CAGR of 4.8%. Driver factors include aircraft renewals and the need for lightweight systems. Major companies include Safran, Eaton Corporation, and Parker-Hannifin. Current trends emphasize lightweight, compact pumping systems, with a focus on fuel efficiency and real-time monitoring.

The demand for lightweight and compact pumping systems is a significant driver in the Aircraft Pumps Market, leading to improved fuel efficiency and operational performance. North America is projected to dominate the market, driven by major aircraft manufacturers like Boeing and Airbus. Fuel pump segments and electric motor-driven segments are expected to have the highest growth rates in the market.

The aviation industry’s pursuit of more electric aircraft concepts is driving the growth of electric motor-driven aircraft pumps. The UAV segment is also projected to grow at a high CAGR rate within the aircraft pumps market due to the expanding applications in military and civilian sectors, driving demand for specialized pumping systems.



Read more at GlobeNewswire: Aircraft Pumps Market Size, Share, Trends & Global