Aircraft Pumps Market size is anticipated to grow at a CAGR of over 5.5% between 2023 and 2032

Aircraft Pump Market Size

Aircraft Pumps Market size was more than USD 3 billion in 2022 and is expected to grow at a CAGR of more than 5.5% from 2023 to 2032.

The rising demand for lightweight & flexible aircraft, along with compact pumping systems, is one of the major drivers for the growth of the aircraft pump industry.

Imagine next-generation planes that are light and fuel-efficient, ideal for short flights, intercity connectivity, and even servicing air travel within cities. These planes require light and compact pumping systems to minimize space, save weight, and fly more economically. Imagine versatile planes like those employed in military operations or transporting cargo where they can change their roles at ease. Compact pump systems provide these aircraft with versatility to perform various tasks. In commercial aircraft, these systems efficiently power such systems as the landing gear, controls, and brakes, making the aircraft lightweight. With the world shifting its focus towards being environmentally friendly, economical, and having more electric and hybrid aircraft, compact, lightweight, and flexible pump systems become integral factors fueling the development of the aviation sector.

For example, in June 2021, The JETSCREEN project, which is funded by the EU, created a new approach to assess the impact of Sustainable Aviation Fuels (SAFs) on aircraft fuel systems. The project results will drive the deployment of SAFs in the aviation sector.

Aircraft Pump Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Pump Market Size in 2022 USD 3.4 Billion
Forecast Period Ranging from 2022 to 2032
Forecast Period 2022 to 2032 CAGR 5%
2032 Value Projection USD 5 Billion
Historical Data for2018 – 2022No. of Pages220Tables, Charts & Figures403Segments coveredType, technology, pressure, aircraft type, end-use industry & regionGrowth DriversIncreasing aircraft renewals and deliveriesGrowing requirement for flexible & lightweight aircraft and compact pumping systemGrowing number of UAVs and hybrid VTOLsTightening environmental regulations in the aviation sectorThe expansion of air transportation in isolated areasPitfalls & ChallengesHigh cost of MRO servicesLegal and regulatory barriersLegal and regulatory barriers pose signif
What are the market growth opportunities?

The legal and regulatory hurdles are major pitfalls for the aircraft pump market. High levels of safety and quality requirements by aviation authorities, including the FAA and EASA, call for thorough tests and conformity, causing product development delays and cost escalation. Export restrictions, intellectual property rights, and trade controls also affect international market access. Environmental laws changing constantly demand that there be continuous innovation to comply with emission levels. It can be difficult to navigate such intricate legal and regulatory systems, which may pose obstacles for manufacturers and restrict market growth and innovation in the aircraft pump industry.

COVID-19 Impact
The COVID-19 pandemic had a significant impact on the aircraft pump market. Travel bans, lower passenger demand, and airline financial woes resulted in a sudden drop in aircraft manufacturing and maintenance, impacting pump sales. Airlines postponed new aircraft acquisitions and delayed maintenance, lowering the demand for replacement pumps. Supply chain disruptions in the global market hindered the manufacture and delivery of pump parts. These compounding factors produced lower revenues for airplane pump manufacturers, job cuts, and a decrease in innovation and development in the sector.

Aircraft Pump Market Trends
The aviation sector is fast embracing electric and hybrid-electric aircraft to meet environmental protection goals and save on operating expenses. This trend calls for specialized pumps that can deal with the specific needs of such propulsion systems. Electric aircraft use electric motor-driven pumps for applications such as cooling and thermal management, whereas hybrid aircraft use pumps for both traditional and electric power systems. Consequently, the market is adjusting to offer creative, energy-saving products intended for these new technologies.

Weight reduction is a primary objective in aircraft design to improve fuel efficiency. Lightweight materials, including composites, are increasingly being utilized in pump manufacture. These materials provide the added advantage of lowering the weight of the pumps themselves and the total weight of the aircraft. As aircraft manufacturers work to achieve strict efficiency and emission regulations, the move towards lightweight materials in pump design continues to be an important consideration in the aircraft pump industry’s development.

Aircraft Pump Market Analysis
Discover more about the most influential segments in this market

According to the type, the market is divided into fuel pumps, hydraulic pumps, lubrication pumps, water & waste system pumps, air conditioning, and cooling pumps. The segment of hydraulic pumps experienced the highest growth in 2022 with a share of more than 25%.

Hydraulic pumps, especially electric ones, are the choice in the aviation sector for their efficiency. They deliver precise and consistent power, guaranteeing the reliable operation of essential systems like landing gear and flight control surfaces. Such reliability is of the utmost importance for flight safety.
Modern electric hydraulic pumps are exceptionally lightweight and compact, addressing the aviation industry’s constant quest to reduce aircraft weight. Their compact design allows for efficient use of limited onboard space, crucial for both commercial and military aircraft.
Learn more about the key segments shaping this market

North America led the world aircraft pump market share at more than 30% in 2022. The region makes a substantial contribution to the world’s aerospace sector, with large aircraft manufacturers, airlines, and suppliers located in the U.S. and Canada. The industry density increases the demand for sophisticated pump systems to serve both commercial and military aviation. North America has been the pioneer in technological advancements, which has resulted in more efficient & eco-friendly pump solutions. High safety and regulatory standards in the region require frequent upgrades and replacements of pump systems, driving market growth.

Aircraft Pump Market Share

The players in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the aircraft pump industry. Some major players operating in the aircraft pump industry are mentioned below,

• Crane Co.
• Eaton Corporation Plc
• Honeywell International Inc.
• Parker-Hannifin Corporation
• Safran
• Woodward Inc.
• Zodiac Aerosystems