FactMR has actively published a new research study titled "Aerospace Filter Market Steady Growth to be Witnessed by 2017 to 2022 | Key Players are Honeywell International Inc., Mott Corporation, Pall Corporation, etc." to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the aerospace filters market during 2017-2022. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global aerospace filters market is expected to showcase impressive growth at 7.4% CAGR during the period until 2022.
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Aerospace filters are used for maintaining the quality life of aircrafts, enhancing performance & efficiencies, and providing clean air for customers. With rising purchasing power of continuously expanding population across the globe, especially in developing countries, and robust expansion of the aerospace sector, demand for aircrafts is expected to witness an upsurge in the near future. This will further propel the demand for various 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.
Aerospace filters comprise filtering materials, which help in removing impurities from fuels as well as prevent contamination of the fuel. Many variants of aerospace filters are available including fuel filters, cabin air filters, pneumatic & liquid oxygen filters, and oil filters. Modern airlines utilize high-efficiency particulate air (HEPA) filters for reducing airborne pathogens in the recirculated air.
The global aerospace filter market is projected to rise at a CAGR of 7.4% during the forecast period 2017 to 2022, according to the recent report by FactMR. In 2017, the global market for automotive aerospace filters is expected to surpass US$ 7,000 Mn in revenues; by 2022 this number is estimated to exceed US$ 10,000 Mn.
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.
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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.
Asia Pacific excluding Japan (APEJ) is anticipated to remain dominant in the global aerospace filter market, registering an impressive expansion during the forecast period. The market in APEJ is estimated to create an absolute $ opportunity of nearly US$ 1,200 Mn between 2017 and 2022. The automotive aerospace filter market in North America and APEJ are expected to exhibit similar CAGRs through 2022. Europe will remain the second most lucrative region in the global market.
Liquid filter will continue to be sought-after among products in the global market, with sales expanding at a steady CAGR through 2022. However, sales of air filter in aircrafts are expected to exhibit the fastest expansion throughout the forecast period. 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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