The Aerospace Filter Market is poised to reach a market value of US$ 2,964.49 Million in 2032 by registering a CAGR of 7.5%, according to a recently concluded study published by Fact.MR. As of 2022, demand for aerospace filters is forecast to accrue US$ 1,398.82 Million. Growth of the market is attributed to increasing growth of commercial flights across different countries. In addition, regulations for reducing carbon emissions are playing a key role in the integration of aerospace filters.
From 2016-2021, aerospace filters market demand accelerated at an impressive 4% value CAGR, concluding at US$ 1,297.79 Million. Although the COVID-19 pandemic affected the demand for aerospace filters, the demand for the same has increased owing to the travel and tourism industry. Most people have exhibited a growing inclination towards traveling by air. This has led to an increase in the production of commercial flights, thus, resulting in increasing sales of aerospace filters.
Download a Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=27
The aviation sector is investing in filters due to the numerous benefits it provides. Moreover, the modernization of aircraft along with a high demand for military aircraft is changing the landscape for aerospace filters. Furthermore, research for manufacturing aerospace filters for different aircraft is expected to drive growth of the market.
Modernization of Aircraft boosting growth of Aerospace Filters
The aerospace filtration products include an assortment of standard filter assemblies that are required to fulfil certain industry standards. Increasing investments in the enhancements of the quality of aircraft to provide new opportunities to the market players operating in the aerospace filters market is the key driver of the aerospace filters market. Increasing modernizations in aircraft coupled with a rise in the aircraft fleets supports the growth of the global aerospace filters market during the forecast period.
Contaminations including odor causing compounds, allergens, volatile organic compounds, and other particulate may enter from outside the system. Thus, air purification systems are installed for treating both the recirculated air and the outside air (bleed air). This creates a potential health hazard to the passengers and the crew. For avoiding this, efficient filters for filtering the hazardous contaminants are installed within the aircraft.
Among the end use segments, filter installed in military aviation are expected to capture more than 48% of the market share in 2022. Demand for military aircraft has risen due to increased spending on the defense sector across different developed and developing economies such as the U.S., China, India, and Russia.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=27
Key Takeaways from the Market Study
- By product, the market for engine air intake filters will account for nearly 18% of the overall value opportunity during the forecast period of 2022-2032.
- By end user, military aviation is expected to capture more than 48% of the market share in 2022.
- Asia Pacific is anticipated to create an absolute dollar opportunity of US$ 2.1 Bn during the forecast period.
- Europe is expected to possess 45% market share for aerospace filters market in the forecast period.
- Germany, Austria and France will flourish at a CAGR of 28% combined until 2032
Key Segments Profiled in the Aerospace Filters Industry Survey
- By Product :
- Cabin Air Filters
- Avionics Filters
- Hydraulic Filters
- Engine Air Intake Filters
- Fuel Filters
- Oil & Lube Filters
- Others
- By Filter Media :
- Fiberglass
- Metal Mesh
- Pleated Paper
- Others (Polymers, Fibers)
- By Aircraft :
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Body Aircraft
- Turboprop
- Rotary Wing
- By End Use :
- Commercial Aviation
- Business Aviation
- Military Aviation
- By Sales Channel :
- OEMs
- Aftermarket
- By Region :
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa