The aircraft filters market is projected to grow from an estimated USD 6.73 Billion in 2016 to USD 10.11 Billion by 2022, at a CAGR of 7% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.
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The market has been segmented based on type, application, platform, end use, aircraft type, consumption, and region. Based on type, the aircraft filters market has been segmented into air filters and liquid filters. The liquid filters type is expected to witness the highest growth during the forecast period, as airlines are focusing on increasing fuel economy which is provided by these filters and this also enables the achievement of optimum efficiency, which is expected to drive the aircraft filters market.
Based on application, the market has been segmented into hydraulic system, engine, avionics, cabin, and others. The engine segment is expected to witness the highest growth during the forecast period. The increase in the number of flight hours has shortened the required replacement period of liquid filters. These filters help the engine to operate at optimum efficiency and provide it a longer life by offering cleaner fuel and oil, which is driving the aircraft filters market for this segment.
Based on end use, the market has been segmented into military, commercial, business, and others. The military segment is estimated to have been the highest growth segment of the market in 2016, and is projected to remain the largest by 2022. A rise in the number of military aircraft is projected to drive the demand for aircraft filters. Also, the shorter replacement cycle required than that for commercial passenger aircraft has resulted in the larger share of the military application segment in the aircraft filters market.
The geographical analysis of the aircraft filters market includes regions, such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American region is estimated to have accounted for the largest share of the aircraft filters market in 2016. Many countries such as Brazil, Argentina, Saudi Arabia, and UAE, among others, have increasing military and commercial aircraft deliveries. However, the Asia-Pacific region is projected to surpass the North American region in 2022 with the highest CAGR, supported by the increase in passenger traffic and military aircraft in countries such as India, China, and Russia, among other countries from the region.
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Products offered by various companies in the aircraft filters market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2009 and 2016. Major companies profiled in the report include Parker Hannifin (US), Pall (US), Donaldson (US), CLARCOR (US), and Freudenberg (Germany), among others. Agreements and acquisitions accounted for a major share of the total growth strategies adopted by the leading players in the aircraft filters market. These strategies have enabled companies to strengthen their market shares in the aircraft filters market.