What Are The Historic And Current Trends In The Aircraft Pumps Market Size?
The Aircraft Pumps Market has been on a solid growth trajectory in recent years.
• The market size expanded from $4.06 billion in 2024 to $4.48 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.3%.
This growth has been powered by factors such as commercial aviation expansion, aircraft fleet rejuvenation, implementation of stringent aircraft safety regulations, and emerging markets.
What Is The Projected Market Size Of The Aircraft Pumps Market?
The aircraft pumps market is anticipated to continue its upward trend in the coming years.
• By 2029, the market is projected to reach $6.4 billion, with a CAGR of 9.4%.
Factors like electric aircraft development, rising defense budgets, recovering air travel, and the influence of trade and geopolitical factors contribute to the forecasted growth. Moreover, trends like increased use of lightweight materials and design, sustainable and green technologies, digitalization and IoT integration are expected to shape the future of the market.
What Is Driving The Aircraft Pumps Market Growth?
The aircraft pumps market is getting a significant boost from an increase in air passengers due to rising GDP, disposable income, and living standards. An increase in travel, both business and leisure, following the prolonged lockdown due to the COVID-19 outbreak, has also heightened the demand for aircraft, thereby stimulating the aircraft pumps market.
What Are The Principal Segments Of The Aircraft Pumps Market?
The aircraft pumps market has been segmented into:
1) By Type: Hydraulic Pumps, Fuel Pumps, Lube And Scavenge Pumps, Water And Wastewater Pumps, Air conditioning And Cooling Pumps
2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles
3) By Technology: Engine Driven, Electric Motor Driven, Ram Air Turbine Driven, Air Driven
4) By Pressure: Up to 350 PSI, 350 – 1,500 PSI, 1,500 – 3,000 PSI, Above 3000 PSI
5) By End User: OEM, Aftermarket
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What Trends Are Influencing The Aircraft Pumps Market?
Partnerships and collaborations are shaping the aircraft pumps market. Many companies are partnering with aircraft pumps manufacturers to expand their market share and leverage each other's resources. For example, Parker Aerospace, a US-based manufacturer, announced a five-year contract with the U.S army in August 2023, which covers overhauling and upgrading hydraulic pumps and flight control systems for helicopters.
Who Are The Key Players In The Aircraft Pumps Market?
Key players contributing to the competitive landscape of the aircraft pumps market are:
• Eaton Corporation plc
• Parker Hannifin Corporation
• Woodward Inc.
• Honeywell International Inc.
• Crissair Inc.
• Triumph Group Inc.
• Moog Inc.
• Arkwin Industries Inc.
• Beaver Aerospace & Defense Inc.
• Liebherr Group
Which Is The Largest And Fastest-Growing Region In The Aircraft Pumps Market?
In 2024, North America held the largest share in the aircraft pumps market. However, Asia-Pacific is expected to be the fastest-growing region within the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
