Market Overview:
The global solenoid valves in aerospace market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for aircrafts and missiles across the globe. Additionally, the growing adoption of solenoid valves in other applications such as medical and automotive is also propelling the growth of this market. On the basis of type, 2-way solenoid valves accounted for a major share of the global solenoid valves in aerospace market in 2017. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its high demand from aircrafts and missiles applications across different regions worldwide. 3-way and 4-way solenoid valves are also expected to witness significant growth during this period, with respective CAGRs of 5% and 6%.
Product Definition:
A solenoid valve is an electromechanical device that uses the energy of an electric current to open and close a valve. The solenoid is a coil of wire that creates a magnetic field when energized. The force of this magnetic field moves the armature, which opens or closes the valve. Solenoid valves are used extensively in aerospace applications because they can be controlled remotely and are very reliable.
2-way:
2-way, it's usage and growth factor in Solenoid Valves in Aerospace market is expected to grow at a significant rate over the forecast period. The aerospace industry has been witnessing rapid development over the past few years owing to increasing demand for commercial aircraft across major economies such as India, China, Japan and South Korea. This trend is expected to continue over the next decade thereby driving 2-way solenoid valves market growth.
3-way:
3-way is a type of solenoid valve that can be used in aerospace applications. It has three ports and two valves, which are independently actuated by the operator. The 3-way valve is mainly used for controlling fuel flow in aircraft engines and other related systems. It also helps to control pressure, temperature & flow in multiple locations through different pathways simultaneously.
The market size for 3-way.
Application Insights:
Aircrafts application segment accounted for the largest share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. Rising air traffic across airports globally has led to an increased demand for aircraft, which, in turn, is likely to propel market growth. Furthermore, a rise in passenger traffic on commercial aircrafts has resulted in an increased need for safety features such as doors that are capable of being opened from either side thereby driving solenoid valves market demand.
Solenoid valves are used as actuation devices for various applications such as missile defense systems and space programs among others. The missiles application segment is expected to exhibit high growth potential with CAGR exceeding 10% during the forecast period owing to increasing missile production worldwide particularly by countries such as Russia China and U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing defense expenditure in the region. The Asia Pacific held over 40% of global solenoid valves market share in 2017, which can be attributed to high production volume and rising demand for replacement parts across various applications.
North America is estimated to witness significant growth over the forecast period owing to stringent government regulations regarding fuel economy along with other environmental factors affecting aircraft operations, which will drive product demand. In addition, growing missile & space programs across countries such as U.S., Mexico and Canada are anticipated boost industry growth over the next eight years (2030).
Europe also holds a prominent position in global arena due its well-established aerospace & defense sector that drives product adoption across several applications including missiles, space systems etc.
Growth Factors:
- Increasing demand for solenoid valves in aircrafts and spacecrafts due to their ability to control the flow of fluids accurately and reliably.
- Growing popularity of electric vehicles, which are powered by solenoid valves, is expected to boost the demand for solenoid valves in the aerospace market over the forecast period.
- Rising investments by governments across the globe towards development of new airports and modernization of existing ones is anticipated to propel growth of the aerospace market over the next few years.
- Proliferation of nanotechnology has led to development of advanced materials that can be used in manufacturing solenoid valves, thereby propelling growth prospects for this market segment during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solenoid Valves in Aerospace Market Research Report
By Type
2-way, 3-way, 4-way
By Application
Aircrafts, Missiles, Others
By Companies
Crissair, ITT Aerospace, Meggitt, CIRCOR, Valcor, Ram Company, Marotta Controls, Westfield Hydraulics, Magnet-Schultz, Allen Aircraft Products, SPACE SOLUTIONS CO., LTD.
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Solenoid Valves in Aerospace Market Report Segments:
The global Solenoid Valves in Aerospace market is segmented on the basis of:
Types
2-way, 3-way, 4-way
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
Aircrafts, Missiles, Others
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:
- Crissair
- ITT Aerospace
- Meggitt
- CIRCOR
- Valcor
- Ram Company
- Marotta Controls
- Westfield Hydraulics
- Magnet-Schultz
- Allen Aircraft Products
- SPACE SOLUTIONS CO., LTD.
Highlights of The Solenoid Valves in Aerospace 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
- 3-way
- 4-way
- By Application:
- Aircrafts
- Missiles
- Others
- 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 Solenoid Valves in Aerospace 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Solenoid valves are used in aerospace to control the flow of air, gas, or fluid. They are also used to open and close ports in aircraft wings and other parts.
Some of the key players operating in the solenoid valves in aerospace market are Crissair, ITT Aerospace, Meggitt, CIRCOR, Valcor, Ram Company, Marotta Controls, Westfield Hydraulics, Magnet-Schultz, Allen Aircraft Products, SPACE SOLUTIONS CO., LTD..
The solenoid valves in aerospace market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solenoid Valves in Aerospace 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 Solenoid Valves in Aerospace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solenoid Valves in Aerospace 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 Solenoid Valves in Aerospace 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 Solenoid Valves in Aerospace Market Size & Forecast, 2020-2028
4.5.1 Solenoid Valves in Aerospace Market Size and Y-o-Y Growth
4.5.2 Solenoid Valves in Aerospace 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
5.2.2 3-way
5.2.3 4-way
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 Aircrafts
6.2.2 Missiles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solenoid Valves in Aerospace 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 Solenoid Valves in Aerospace 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
9.6.2 3-way
9.6.3 4-way
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 Aircrafts
9.10.2 Missiles
9.10.3 Others
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
10.6.2 3-way
10.6.3 4-way
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 Aircrafts
10.10.2 Missiles
10.10.3 Others
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
11.6.2 3-way
11.6.3 4-way
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 Aircrafts
11.10.2 Missiles
11.10.3 Others
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
12.6.2 3-way
12.6.3 4-way
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 Aircrafts
12.10.2 Missiles
12.10.3 Others
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
13.6.2 3-way
13.6.3 4-way
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 Aircrafts
13.10.2 Missiles
13.10.3 Others
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 Solenoid Valves in Aerospace Market: Competitive Dashboard
14.2 Global Solenoid Valves in Aerospace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crissair
14.3.2 ITT Aerospace
14.3.3 Meggitt
14.3.4 CIRCOR
14.3.5 Valcor
14.3.6 Ram Company
14.3.7 Marotta Controls
14.3.8 Westfield Hydraulics
14.3.9 Magnet-Schultz
14.3.10 Allen Aircraft Products
14.3.11 SPACE SOLUTIONS CO., LTD.
