[145 Pages Report] The aircraft hydraulic system market is projected to grow from USD 935.9 Million in 2016 to USD 1,158.5 Million by 2021, at a CAGR of 4.36% during the forecast period. The objective of this study is to analyze, define, describe, and forecast the aircraft hydraulic system market based on type, component, and platform. The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product developments, and research & development activities in the aircraft hydraulic system market. The base year considered for this study is 2015 and the forecast period is from 2016 to 2021.

The research methodology used to estimate and forecast the aircraft hydraulic system market includes study of data and revenues of key market players through secondary resources, such as annual reports, Yahoo Finance, Federal Aviation Administration (FAA), International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), and Stockholm International Peace Research Institute (SIPRI). The bottom-up procedure was employed to arrive at the overall size of the aircraft hydraulic system market from the revenue of key players in the market. After arriving at the overall market size, the aircraft hydraulic system market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and engineers. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. Breakdown of profiles of primaries is shown in the figure given below:

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Market Ecosystem

The aircraft hydraulic system value chain includes component suppliers, such as United Technologies Corporation (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation PLC (Ireland), Liebherr-International AG (Switzerland), Woodward Inc. (U.S.), Triumph Group Inc. (U.S.), and Moog Inc. (U.S.). Boeing Company (U.S.), Airbus Group (France), Gulfstream Aerospace Corporation (U.S.), Bombardier Inc. (Canada), and Embraer SA (Brazil) are some of the aircraft manufacturers using aircraft hydraulic systems manufactured by the various component suppliers. Contracts and agreements & partnerships were the major strategies adopted by the key players operational in the aircraft hydraulic system market.

Target Audience for this Report

Manufacturers of Aircraft Hydraulic System

Original Equipment Manufacturers (OEMs)

Sub-component Manufacturers

Technology Support Providers

Government and Certification Bodies

Aircraft Manufacturer Associations

�This study answers several questions for stakeholders, primarily, which market segments to focus on during the next two to five years to prioritize their efforts and investments.�

Scope of the Report:

Aircraft Hydraulic System Market, By Type

Closed Center Hydraulic System

Open Center Hydraulic System

Aircraft Hydraulic System Market, By Component

Reservoir

Filters

Pumps

Valves

Accumulators

Actuators

Hydraulic Fluid

Hoses, Pipes & Connectors

Aircraft Hydraulic System Market, By Platform

Fixed Wing

Rotary Wing

Aircraft Hydraulic System Market, By Region

North America

Europe

Asia-Pacific

Rest of the World

Available Customizations

Along with market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for this report:

Geographic analysis Further breakdown of the rest of the world market

Company information Detailed analysis and profiling of additional market players (up to five)

Additional level segmentation

The aircraft hydraulic system market is expected to grow from USD 935.9 Million in 2016 to USD 1,158.5 Million by 2021, at a CAGR of 4.36% during the forecast period. The increasing need for highly reliable system, higher power to weight ratio of hydraulics system, low cooling cost due to low amount of heat generated, and wide range of load handling capacity of hydraulic system are major factors expected to drive the growth of the aircraft hydraulic system market in the coming years.

Based on type, the aircraft hydraulic system market has been segmented into open center and closed center hydraulic system. The closed center hydraulic system segment of the market is expected to witness high growth during the forecast period. Pilots depend on hydraulic system to operate systems, such as wheel brakes, nose wheel steering, landing gear operation, flight control surfaces, cargo doors, and propeller pitch controls.

Based on component, the pumps segment is projected to witness highest growth during the forecast period. Pumps are a crucial component of the aircraft hydraulic system. These are expected to be increasingly used in new aircraft, due to the reduction in the overall weight of an aircraft that can be achieved by the use of pumps. Pumps provide high pressure of fluid even in very thin pipelines. This is one of the key factors expected to propel growth of the pumps segment.

North America is estimated to lead the aircraft hydraulic system market during the forecast period. The aircraft hydraulic system market in North America is driven by the presence of large number of Original Equipment Manufacturers (OEMs) and the presence of key market players, such as United Technologies Corporation (U.S.), Parker Hannifin Corporation (U.S.) and Woodward, Inc. (U.S.). The rest of the world is projected to be the fastest-growing market for aircraft hydraulic system. This high growth can be attributed to the presence of large OEMs, such as Embraer S.A. (Brazil) and Piaggio Aerospace (UAE) and technological upgrades from traditional hydraulic system to advanced systems in the region.

Aircraft manufacturers as well as OEMs need high initial capital to employ skilled workforce and set up machinery, state-of-the-art technical equipment, and integration platforms. Furthermore, manufactured components need to be approved by various authorities before they are installed on board an aircraft. It is difficult to obtain approval for the replacement of conventional systems with enhanced hydraulic system. This may restrain the growth of the aircraft hydraulic system market in the coming years.

The aircraft hydraulic system market is a diversified and competitive market with a large number of players. Key players operational in the market include United Technologies Corporation (U.S.), Parker Hannifin Corporation (U.S.), Safran S.A. (France), Eaton Corporation PLC (Ireland), Liebherr-International AG (Switzerland), Woodward Inc. (U.S.), Triumph Group Inc. (U.S.), Moog Inc. (U.S.), and Arkwin Industries Inc. (U.S.). Market players focus on entering new markets by launching technologically-advanced and cost-effective products and acquiring new businesses.

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