Market Overview:
The global airplane solenoid valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military aircraft across the globe. Additionally, factors such as technological advancements and rising demand for fuel-efficient aircraft are also contributing to the growth of this market. On the basis of type, 2 way airplane solenoid valves are expected to hold a major share in this market during the forecast period. This can be attributed to their high demand in commercial aircraft applications owing to their ability to control air pressure and flow direction accurately.
Product Definition:
A solenoid valve is an electromechanical device that uses an electric current to control the flow of fluid through a valve. The solenoid is a coil of wire that creates a magnetic field when energized. This magnetic field attracts or repels a ferrous (iron) armature, which in turn opens or closes the valves.
2 Way Airplane Solenoid Valves:
2-way airplane solenoid valves are used in the exhaust and intake systems of an airplane. The growth factor for this market is increasing demand from the commercial aviation industry, which has been growing at a rapid rate over the past few years. This is attributed to factors such as rising disposable income, population expansion & migration, and government initiatives to develop infrastructure in various countries including India, China, Singapore among others.
3 Way Airplane Solenoid Valves:
3-way airplane solenoid valves are used in aircraft to regulate the flow of air into, out of and through the engines. The working principle is based on a simple mechanism that utilizes a flexible rubber diaphragm to control the opening and closing movement of valve. These valves are installed in critical positions throughout an aircraft where controlling air pressure is important, for instance; they are typically installed between an engine and its accessories or within an engine cowling near the firewall.
Application Insights:
Commercial aircraft application segment accounted for the largest share of over 70.0% in 2017 and is expected to witness significant growth over the forecast period. The commercial aircraft are widely used for transporting passengers and cargo across various destinations, which has resulted in a high demand for such devices across the globe.
The military aircraft application segment is expected to register notable gains owing to increasing defense expenditure by countries including U.S., China, India, Saudi Arabia on account of terrorism concerns coupled with rising tension between two nuclear-armed powers namely India & Pakistan since 2016 resulting in an increased number of military flights by both countries from their respective airbases at Agra & Siauliai Air Force Base near Indian city of Kanpur Dehradun Airport (DU).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to increasing demand for business jets and military aircraft. In addition, rising number of airline flights coupled with growing tourism industry is likely to drive product demand in North America.
Asia Pacific is anticipated to register significant growth over the forecast period owing to rapid development of aviation infrastructure and rise in passenger traffic across various countries including India, China, Thailand, Malaysia etc. Moreover, economic performance has improved significantly since 2014 which has resulted into increased sales volume of commercial aircraft across Asia Pacific thus driving solenoid valve demand as well as other products used for airplane applications such as pressure sensors & regulators and others in this sector such as air data computers & displays among others). Furthermore Europe also accounted a significant share due to high adoption rate of new technologies especially when it comes down undersea technology that enables travel from U.K.
Growth Factors:
- Increasing demand for Airplane Solenoid Valves from the aviation industry as a result of the growth in air travel.
- The increasing adoption of solenoid valves in aircraft engines to improve performance and efficiency.
- Growing demand for Airplane Solenoid Valves from military and defense applications due to their reliability and performance characteristics.
- Rising investments by leading players in research and development activities to develop new technologies and products for the Airplane Solenoid Valves market.
- Growing awareness about the benefits of using solenoid valves among end-users, which is expected to boost demand for these valves over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Airplane Solenoid Valves Market Research Report
By Type
2 Way Airplane Solenoid Valves, 3 Way Airplane Solenoid Valves, Others
By Application
Commercial Aircraft, Military Aircraft
By Companies
ITT Aerospace, Meggitt, CIRCOR, Magnet-Schultz, Crissair, Ram Company, Valcor, Marotta Controls, Westfield Hydraulics, Allen Aircraft Products, ITT Aerospace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Airplane Solenoid Valves Market Report Segments:
The global Airplane Solenoid Valves market is segmented on the basis of:
Types
2 Way Airplane Solenoid Valves, 3 Way Airplane Solenoid Valves, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ITT Aerospace
- Meggitt
- CIRCOR
- Magnet-Schultz
- Crissair
- Ram Company
- Valcor
- Marotta Controls
- Westfield Hydraulics
- Allen Aircraft Products
- ITT Aerospace
Highlights of The Airplane Solenoid Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2 Way Airplane Solenoid Valves
- 3 Way Airplane Solenoid Valves
- Others
- By Application:
- Commercial Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airplane Solenoid Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Airplane solenoid valves are used in aircraft to control the flow of air and gas. They are also used in other applications, such as industrial processes and heating and cooling systems.
Some of the key players operating in the airplane solenoid valves market are ITT Aerospace, Meggitt, CIRCOR, Magnet-Schultz, Crissair, Ram Company, Valcor, Marotta Controls, Westfield Hydraulics, Allen Aircraft Products, ITT Aerospace.
The airplane solenoid valves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airplane Solenoid Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Airplane Solenoid Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airplane Solenoid Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Airplane Solenoid Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Airplane Solenoid Valves Market Size & Forecast, 2020-2028
4.5.1 Airplane Solenoid Valves Market Size and Y-o-Y Growth
4.5.2 Airplane Solenoid Valves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2 Way Airplane Solenoid Valves
5.2.2 3 Way Airplane Solenoid Valves
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airplane Solenoid Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Airplane Solenoid Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2 Way Airplane Solenoid Valves
9.6.2 3 Way Airplane Solenoid Valves
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Military Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2 Way Airplane Solenoid Valves
10.6.2 3 Way Airplane Solenoid Valves
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Military Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2 Way Airplane Solenoid Valves
11.6.2 3 Way Airplane Solenoid Valves
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Military Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2 Way Airplane Solenoid Valves
12.6.2 3 Way Airplane Solenoid Valves
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Military Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2 Way Airplane Solenoid Valves
13.6.2 3 Way Airplane Solenoid Valves
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Military Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Airplane Solenoid Valves Market: Competitive Dashboard
14.2 Global Airplane Solenoid Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ITT Aerospace
14.3.2 Meggitt
14.3.3 CIRCOR
14.3.4 Magnet-Schultz
14.3.5 Crissair
14.3.6 Ram Company
14.3.7 Valcor
14.3.8 Marotta Controls
14.3.9 Westfield Hydraulics
14.3.10 Allen Aircraft Products
14.3.11 ITT Aerospace
