PUNE, India, March 16, 2017 /PRNewswire/ --
The report "Aerospace Filters Market by Type (Liquid Filters and Air Filters), Application (Hydraulic System, Engine, Avionics and Cabin), End Use (Military, Commercial and Business), Aircraft Type, Platform, Consumption and Region - Global Forecast to 2022", published by MarketsandMarkets, the 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.
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Browse 87 market data Tables and 58 Figures spread through 158 Pages and in-depth TOC on "Aerospace Filters Market"
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Factors such as an increase in passenger traffic, increase in aircraft deliveries, and short replacement cycles of aerospace filters is expected to drive the aerospace filters market.
Air filters segment, by type, projected to witness the highest growth during the forecast period
By type, the air filters segment of the aerospace filters market is projected to witness the highest growth during the forecast period. Owing to the recent concerns about contiguous diseases such as Ebola, SARS, and swine flu, the air filters market has seen a tremendous growth as these filter bacteria and viruses from the aircraft cabin air.
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Engine segment, by application, projected to witness the highest growth during the forecast period
By application, the engine segment of the aerospace filters market is projected to witness the highest growth during the forecast period, as engines need to be provided with clean fuel for optimum performance. These filters also need to be replaced at regular intervals of time.
Military segment projected to witness the highest growth during the forecast period
By end-use, the military segment of the aerospace filters market is projected to grow at the highest CAGR during the forecast period. The shorter replacement period of aerospace filters in military aircraft in comparison to commercial aircraft is expected to drive this segment in comparison to the other end-use segments in the aerospace filters market.
Asia-Pacific is projected to witness highest growth during the forecast period
The Asia-Pacific region is one of the fastest-growing markets in the aerospace filters market due to an increase in the number of flight hours and passenger traffic. Countries such as India and China have seen a tremendous increase in regional passenger traffic. This increase in passenger traffic and flight hours is expected to boost the demand for aerospace filters in the Asia-Pacific region during the forecast period.
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Major players in the aerospace filters market include Parker Hannifin Corporation (U.S.), Pall Corporation, Donaldson, Inc. (U.S.), CLARCOR, Inc. (U.S.), and Freudenberg & Co. KG (Germany).
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