Fact.MR, in its latest research, anticipates the global automotive aerospace filter market to expand at 7.4% CAGR throughout the forecast period 2017 to 2022. Revenues from the global automotive aerospace filter market is projected to increase from US$ 7,141.1 Mn in 2017 to surpass US$ 10,000 Mn by 2022-end.
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Filters have become an indispensable part of modern aircrafts. 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 aerospace filters, which in turn will drive growth of the global automotive aerospace filter market.
Increasing Regulations on Emissions of Aircrafts to Fuel Demand for Aerospace Filters
Several regulations associated with the environment safety, and emission standards imposed by regulatory bodies have become more severe. For example – both International Civil Aviation Organization (ICAO), and the Environmental Protection Agency (EPA) are developing regulations, with an aim to lower carbon emissions from commercial planes. This has compelled aircraft manufacturers to develop and integrate advanced filters in aircraft engines, cabins, and hydraulic systems.
Filters have become an imperative part of the aircrafts. Aerospace filters are used for maintaining the quality life of aircrafts, enhancing performance & efficiencies, and providing clean air for passengers. With the rise in purchasing power of the rapidly growing population across the globe, especially in developing countries, and robust expansion of the aerospace sector, the demand for aircrafts is expected to witness an upsurge in the near future. This will further propel the demand for various aerospace filters. These factors are expected to propel demand for aerospace filters.
Military Applications of Aerospace Filters will Remain Dominant in the Market
Based on end-use, military segment is expected to remain dominant in the market. Sales of aerospace filters for military aircrafts will account for the largest revenues by 2022-end, and are expected to reflect the highest CAGR over the forecast period. In addition, sales of aerospace filters in commercial and business aircrafts are expected to collectively account for revenues worth US$ 3,994.5 Mn by 2022-end.
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Aerospace filters are expected to witness the largest application in aircraft engines. Revenues from sales of aerospace filters in engines is expected to account for more than half share of the market by 2022-end. Sales of aerospace filters for application in cabin and hydraulic system of aircrafts are expected to register comparative lower CAGRs than in aircraft engines during the forecast period. Avionics application of aerospace filters will continue to account for the lowest revenues in the market.
Competition Tracking
Key players profiled in Fact.MR’s report on the global automotive aerospace filter market include Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc, Mott Corporation, Pall Corporation, Parker-Hannifin Corporation, Porvair plc, Swift Filters, Inc., Amphenol Corporation, and Hollingsworth & Vose Company.
Table of Content:
Chapter 1 Global Aerospace Filter Market - Executive Summary 13
Chapter 2 Global Aerospace Filter Market Overview 15
2.1 Introduction 15
2.1.1 Global Aerospace Filter Market Taxonomy 15
2.1.2 Global Aerospace Filter Market Definition 15
2.2 Global Aerospace Filter Market Size (US$ Mn) and Forecast, 2012-2022 16
2.2.1 Global Aerospace Filter Market Y-o-Y Growth 16
2.3 Global Automotive Seat Market: Macroeconomic Factors 16
2.3.1 Economic Outlook 16
2.3.2 Profitability of Enterprises 17
2.3.3 Inflation and Deflation 17
2.3.4 Increasing Purchasing Power of Middle Class 17
2.3.5 Complex Eco System 17
2.3.6 Risk Mitigation 18
2.4 Global Automotive Seat Market: Impact Factor Analysis 18
2.4.1 Shift toward Green Technology 18
2.4.2 The Influence of China 18
2.4.3 Dilemma on Shift to New Technologies 18
2.4.4 Increasing R&D expenditure 19
2.5 Supply Chain 19
2.6 Cost Structure 20
2.7 Key Participants Market Presence (Intensity Map) By Region 2
Continued……………..
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