Commercial Aviation will Account for 1/3rd of the Cabin Aerospace Filter Market Share by 2031 End

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 Cabin Aerospace Filter 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 Cabin Aerospace Filter

The report offers actionable and valuable market insights of Cabin Aerospace Filter. 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 Cabin Aerospace Filter Market across various industries and regions.

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

Fact.MR, in its latest research, anticipates the global Cabin Aerospace Filter market to expand at 7.4% CAGR throughout the forecast period 2017 to 2022. Revenues from the global Cabin Aerospace Filter market is projected to increase from US$ 7,141.1 Mn in 2017 to surpass US$ 10,000 Mn by 2022-end.

Filters have become an indispensable part of modern aircrafts. Cabin Aerospace Filters are utilized for provision of clean air to passengers, enhancing efficiencies & performance of aircrafts, and maintenance of an aircraft’s quality life. With increasing disposable income of rapidly expanding population around the world, particularly in developing economies, coupled with robust growth of the aerospace industry, demand for aircrafts will witness a significant rise in the upcoming years. These factors are expected to boost demand for variety of Cabin Aerospace Filters, which in turn will drive growth of the global automotive Cabin Aerospace Filter market.

Various regulations related to emission standards, and environment safety have been imposed by regulatory bodies, and these regulations are becoming more severe. For instance, the Environmental Protection Agency (EPA), and the International Civil Aviation Organization (ICAO) have been developing regulations, in a bid to reduce carbon emissions from aircrafts. These regulations have compelled manufacturers of aircrafts in developing and integrating advanced filters into aircraft engines, hydraulic systems, and cabins. These incidences are further expected to fuel expansion of the global market for automotive Cabin Aerospace Filters.

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Key Segments of Cabin Aerospace Filter Market

Fact.MR’s study on the Cabin 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 Aerospace Filter
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

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Cabin 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 Cabin 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.

Key Takeaways from Cabin Aerospace Filter Market Study

The global Cabin Aerospace Filter market is estimated to create an absolute $ opportunity of more than US$ 6.5 Bn and contribute a value CAGR of 7% during the forecast period of 2020-2030

By product, oil & lube filters will hold maximum share in terms of value, accounting for nearly 1/4 of the total market share, and are projected to be valued at US$ 3 Bn by the end of forecast period.

By region, APEJ is projected to hold maximum share in the global Cabin Aerospace Filter market, and is expected to surpass a market valuation of US$ 4 Bn by the end of 2030.

By sales channel, aftermarket sales of Cabin Aerospace Filters are expected to grow 2.1X than OEM sales by the end of 2030.

By aircraft, narrow body aircraft are projected to grow at a CAGR of 6.3%, and are anticipated to create an absolute $ opportunity of more than US$ 2.2 Bn during the forecast period.

“The COVID-19 pandemic has hit the Cabin Aerospace Filter market adversely on the supply and demand side, causing a decline in sales. Post COVID-19, rise in passenger air traffic and growing airline fleets are foreseen to open new growth avenues for stakeholders in the Cabin Aerospace Filter market,” says a Fact.MR analyst.

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More Valuable Insights on Cabin Aerospace Filter Market

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

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