The global aerospace filter market is estimated to be valued at US$ 6.6 Bn in 2020, and surpass US$ 13 Bn by the end of the forecast period (2020-2030). Presently, the spread of COVID-19 has affected the aviation industry, as suppliers in the market are seeing a steep fall in their profits with flights were grounded, resulting in declining sales of aerospace filters. Further, the International Air Transport Association (IATA) estimates that, the industry will require a cash infusion of nearly US$ 200 Bn to keep going. The capital-intensive nature of the industry has raised concerns about cash flow and liquidity, which, in turn, is hampering the growth of the aerospace filter market.
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Key Segments of Aerospace Filter Market
Fact.MR’s study on the aerospace filter market offers information divided into five key segments-product, filter media, aircraft, end use, sales channel, and region. This report offers comprehensive data and information about important the market dynamics and growth parameters associated with these categories.
Product
- Cabin Air Filters
- Avionics Filters
- Hydraulic Filters
- Engine Air Intake Filters
- Fuel Filters
- Oil & Lube Filters
- Others
Filter Media
- Fiberglass
- Metal Mesh
- Pleated Paper
- Others (Polymers, Fibers)
Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Body Aircraft
- Turboprop
- Rotary Wing
End Use
- Commercial Aviation
- Business Aviation
- Military Aviation
Sales Channel
- OEMs
- Aftermarket
Region
- North America
- Latin America
- Europe
- APEJ
- MEA
- Japan
Aerospace Filter Market: Competitive Landscape
Prominent players are continuously focusing on acquisition as their key strategy to strengthen their market presence, increase business operations, and bump up their share in the market. Some of the players in the aerospace filter market are Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc., and Parker-Hannifin Corporation, among others.
For instance, in 2019, Parker Hannifin Corporation acquired Exotic Metals Forming Company, which manufactures innovative and technically-demanding, high temperature, high pressure air and exhaust management solutions for aircraft and engines. Through this acquisition, the company will expand its aerospace business products and solutions.
