Aircraft Solenoid Valves Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The solenoid valve is an electromechanically operated valve. The characteristics of the electric current they use, the strength of the magnetic field they produce, the mechanism they use to regulate the fluid, and the form and characteristics of fluid they control all vary among solenoid valves. Linear motion, plunger-type actuators, pivoted-armature actuators, and rocker actuators are all examples of mechanisms. Solenoids provide quick and secure switching, as well as high reliability, long service life, medium compatibility of the materials used, low control strength, and a compact design. These solenoid valves are used for both military as well as commercial aircrafts. The common application of these solenoid valves in aviation are engine starting, running, deicing control. These valves are also utilized for fuel manifold purging and firewall shut off. These valves are specifically designed to operate reliably in high-vibration and high-temperature environments, which are common during flight.

MARKET SCOPE

The "Global Aircraft Solenoid Valves Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Solenoid Valves market with detailed market segmentation by type, application, and geography. The global Aircraft Solenoid Valves market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Solenoid Valves market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of type, the market is segmented as, full-flow type, high-flow type, others.
  
•   On the basis of application, the market is segmented as, commercial aircraft, military aircraft, general aviation aircraft.
  

MARKET DYNAMICS

Drivers:

•   Rising demand of aircraft in both commercial and defense sector which will ultimately boost the solenoid valve demand
  
•   Growth in general aviation due to increase in passenger pool
  Restraint -
  
•   Fluctuation in prices of raw materials
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Solenoid Valves market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Solenoid Valves market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT SOLENOID VALVES MARKET

COVID-19 severely impacted the aviation industry by the end of 2021 as there were several travel bans and other lockdown-related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including Aircraft Solenoid Valves manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, including cutting back on aircraft manufacturing spending. Due to the long duration of parked aircraft, there is an accelerated rate of aircraft retirements and more efficient and advanced aircraft deployment. Since aircraft components like Aircraft Solenoid Valves play a vital role and has wide application in commercial aviation, the demand for Aircraft Solenoid Valves is expected to regain momentum with the reopening of commercial flights. Moreover, the demand for such vital components for military aircraft also remains constant owing to the requirements of the military agency. Thus, the market for aircraft solenoid valves, after experiencing a steep dip in growth, is expected to remain neutrally affected by the pandemic.

MARKET PLAYERS

The reports cover key developments in the Aircraft Solenoid Valves market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Aircraft Solenoid Valves market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Solenoid Valves market. Below mentioned is the list of few companies engaged in the Aircraft Solenoid Valves market.

The report also includes the profiles of key Aircraft Solenoid Valves market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   VALCOR ENGINEERING
  
•   PARKER HANNIFIN CORP
  
•   Honeywell Aerospace
  
•   Circor Aerospace and Defense, Inc
  
•   Auto-Valve
  
•   Crissair, Inc
  
•   FIMAC
  
•   Magnet-Schultz GmbH and Co. KG
  
•   Marotta Controls, Inc
  
•   Meggitt PLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Solenoid Valves Report Scope