Lightweight Aircraft Pumps Influential Factors Determining the Trajectory of the Market

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Lightweight Aircraft Pumps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Lightweight Aircraft Pumps Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Lightweight Aircraft Pumps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Lightweight Aircraft Pumps

This newly published and insightful report sheds light on Market Insights of Lightweight Aircraft Pumps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Lightweight Aircraft Pumps Market.

Fact.MR’s latest study estimates global aircraft pump sales to surpass 1.2 million units in 2019. Gains are likely to be driven by broader trends influencing the aviation industry, notably growing demand for new aircraft in the wake of surging air traffic.

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The aviation industry is on the verge of a major shift in propulsion with leading players focusing on electric propulsion technology. Electric aircraft are gaining the interest of stakeholders owing to their benefits, including high efficiency along with reduced fuel and maintenance costs.

The electric aircraft trend is accelerating as OEMs in the aircraft industry are collaborating with suppliers to design new systems and electric propulsion technology. NASA is also investing in research on Electrified Aircraft Propulsion (EPA) to improve emission, fuel efficiency, and noise levels in commercial aircraft.

Narrow Body Aircraft to Witness Robust Growth in Coming Years

The Fact.MR study expects narrow-body aircraft sales to grow significantly in the coming years, with sales envisaged to exceed 700 thousand units in 2019. Growth in commercial air transportation has ushered in the development of narrow-body aircraft for long-haul flights. Further, long-range narrow-body aircraft are replacing wide-body aircraft owing to the benefit of flying on niche routes and flying in off-peak hours.

With the rise in demand from low-cost carriers operating on short routes, manufacturers are focusing on deploying efficient engines, pumps, and motors, along with superior aerodynamic qualities leading to higher efficiency and better performance in narrow-body aircraft.

APEJ to Hold Pole Position in Aircraft Pumps Market

Air traffic boost is likely to come from the Asia Pacific including China, India, and Australia through the development of new airports and new routes. The investment in the purchase of new aircraft is likely to provide an impetus to the aircraft pumps market. According to Fact.MR’s study, aircraft pump sales in APEJ are likely to surpass 400 thousand units in 2019. With the increase in regional air passenger traffic, demand for aircraft is growing significantly in China and India, thereby, driving demand for aircraft pumps. Meanwhile, the upgradation of existing aircraft is leading to the demand for new components including pumps and motors.

Sales of aircraft pumps are also likely to increase in Europe owing to the high rate of tourism and companies investing a huge amount in aircraft manufacturing. Recently, with an increase in demand for air services and a rise in aircraft production globally, the value of motors, pumps, actuators, and other aircraft components has also increased, thereby, benefiting OEMs and component manufacturers.

Growing aircraft fleet and short replacement cycle across the globe are fueling aircraft pump market growth. Researchers are also focusing on developing sustainable alternatives to jet fuel and aviation gasoline to power aircraft. This is driving the aerospace industry towards More Electric Aircraft (MEA) that uses electrical power for a non-propulsion aircraft systems. The biggest advantage of MEA is providing higher efficiency with reduced fuel consumption. Industry experts also see the MEA concept for the aircraft industry to achieve improvements in terms of maintenance, aircraft lifecycle cost, and weight.

With Significant demand in air transportation, aircraft component manufacturers are focusing on the increasing the level of capacity along with strong operational and logistics to support demand for new aircraft.

The Fact.MR report tracks the aircraft pumps market for the forecast period 2019-2027. According to the report, the aircraft pumps market is expected to register a CAGR of 7.2% in terms of volume between 2019 and 2027.

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More Valuable Insights on Lightweight Aircraft Pumps Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Lightweight Aircraft Pumps, Sales and Demand of Lightweight Aircraft Pumps, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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