Rockville, US, 2018-Jan-24 — /EPR Network/ — A fresh report has been added to the wide database of Fact.MR. The research study is titled “Aerospace Filter Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the Aerospace filters market would rise at a positive CAGR during the period 2017-2022.
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Aerospace filters comprise filtering materials, which help in removing impurities from fuels as well as prevent contamination of the fuel. Many variants of aerospace filters are available including fuel filters, cabin air filters, pneumatic & liquid oxygen filters, and oil filters. Modern airlines utilize high-efficiency particulate air (HEPA) filters for reducing airborne pathogens in the recirculated air.
The global aerospace filter market is projected to rise at a CAGR of 7.4% during the forecast period 2017 to 2022, according to the recent report by Fact.MR. In 2017, the global market for automotive aerospace filters is expected to surpass US$ 7,000 Mn in revenues; by 2022 this number is estimated to exceed US$ 10,000 Mn.
10 Prospects of the Global Automotive Aerospace Filter Market
1- By product type, liquid filters will remain sought-after in the global automotive aerospace filter market, with sales estimated to witness a steady expansion through 2022.
2- Sales of air filters in aircrafts will continue to exhibit the highest CAGR in the market throughout the forecast period.
3- Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global market for automotive aerospace filters, registering an impressive expansion through 2022.
4- Between 2017 and 2022, the market for aerospace automotive filters in APEJ is anticipated to create absolute $ opportunity of around US$ 1,200 Mn.
5- Automotive aerospace filter markets in APEJ and North America are estimated to register similar CAGRs through 2022.
6- Europe will continue to be the second most lucrative market for automotive aerospace filters over the forecast period.
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7- Aerospace filters will continue to witness the largest adoption for application in aircraft engines. By 2022-end, sales of aerospace filters for application in engines is estimated to account for over half share of the market, in terms of revenues.
8- Sales of aerospace filters in the aircraft’s cabin and hydraulic systems will continue to exhibit lower CAGRs as compared to that in aircraft engines over the forecast period.
9- Military end-use segment will remain dominant in the global market for automotive aerospace filters. Sales of aerospace filters in military aircrafts is expected to hold the largest revenue share of the market by 2022-end, reflecting the highest CAGR through 2022.
10- Key market players listed in the report include Donaldson Company, Inc., Amphenol Corporation, Freudenberg & Co. KG, Swift Filters, Inc., Honeywell International Inc, Porvair plc, Mott Corporation, Parker-Hannifin Corporation, Pall Corporation, and Hollingsworth & Vose Company.
Key players profiled in Fact.MR’s report on the global automotive aerospace filter market include Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc, Mott Corporation, Pall Corporation, Parker-Hannifin Corporation, Porvair plc, Swift Filters, Inc., Amphenol Corporation, and Hollingsworth & Vose Company.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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