Frequently asked questions
In 2022, the global Aerospace Valves Market is expected to be worth USD 10548.8 million.
The Aerospace Valves Market is estimated to increase at a CAGR of 6.50% between 2023 and 2030, reaching USD 17458.2 Million in 2030.
During the projected period, the commercial aviation sector is expected to lead the market
The hydraulic system segment is likely to have the largest market share in 2022
Butterfly valves are predicted to grow at a quicker CAGR
North America dominated the market in 2022, accounting for 40% of revenue
The top players include Eaton Corporation PLC (Ireland), Safran SE (France), Woodward Inc. (U.S.), Triumph Group (U.S.), Parker Hannifin Corporation (U.S.) and Moog Inc. (U.S.)
The primary drivers of the market include increased aircraft production, technological breakthroughs in valve technology, and rising demand for fuel-efficient and lightweight aircraft.
The market’s main obstacles include stringent regulatory standards and certifications, high costs of aerospace valves, and intense competition.
Rising demand for unmanned aerial vehicles (UAVs), expansion of the space exploration industry, and increased emphasis on improving aircraft performance and efficiency are the market’s significant potential.