PUNE, India, March 23, 2018 /PRNewswire/ --
According to the new research report "Aircraft Filters Market by Type (Liquid Filters, Air Filters), Application (Hydraulic System, Engine, Avionics, Cabin), End Use (Military, Commercial, Business), Aircraft Type, Platform, Consumption, Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 10.11 Billion by 2022, at a CAGR of 7% during the forecast period. Factors such as an increase in passenger traffic, increase in aircraft deliveries, and short replacement cycles of aircraft filters is expected to drive the aircraft filters market.
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Air filters segment, by type, projected to witness the highest growth during the forecast period
By type, the air filters segment of the aircraft 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.
Engine segment, by application, projected to witness the highest growth during the forecast period
By application, the engine segment of the aircraft 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.
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Military segment projected to witness the highest growth during the forecast period
By end-use, the military segment of the aircraft filters market is projected to grow at the highest CAGR during the forecast period. The shorter replacement period of aircraft 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 aircraft 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 aircraft 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 aircraft filters in the Asia-Pacific region during the forecast period.
Major players in the aircraft filters market include Parker Hannifin (US), Pall (US), Donaldson (US), CLARCOR, Inc. (US), and Freudenberg (Germany).
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