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(Transportation-News.com, May 01, 2019 ) The global aerospace filters market accounted to US$ 1.05 Bn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 - 2027, to account to US$ 2.03 Bn by 2027.
North America and the Asia Pacific were the leading regions geographically where it is anticipated that the APAC region would be the highest revenue contributor at the end of the forecast period by 2027. The constantly rising passenger air traffic has created huge demands for additions of commercial aircraft carriers in the APAC region and thus propel the growth of aerospace filters market in the region.
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Key Benefits:
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Aerospace Filters Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Aerospace Filters Market - Company Profiles
Donaldson Company, Inc.
Eaton Filtration
Freudenberg Group
GKN Aerospace
Hollingsworth & Vose
Pall Corporation
Parker Hannifin Corp.
Porvair plc
Recco Filters, Ltd.
Safran Filtration Systems
A prominent increase in the number of commercial aircraft to create opportunities for aerospace filters
The global aviation sector is witnessing a huge demand for modern aircrafts in both commercial as well as military aviation. Attributing to the fact that, the disposable income in the developing countries is increasing substantially, the need for air travel is also increasing at the same pace. On a global scenario, commercial air traffic is foreseen to maintain constant growth over the period, despite various challenges faced by commercial airlines. However, the challenges are succeeded by the rise in passenger numbers across the globe. The low-cost carriers (LCC) in the developed economies as well as developing economies are turning the revolution by offering low fare business models which are increasing the demand for air travel among the upper middle class and middle-class society of developing nations. India is expected to replace the United Kingdom, to become the third largest commercial air carriers in the world. This factor would generate opportunities in the aerospace filters market significantly.
Environmental regulations on reducing carbon footprints and the need for regular maintenance of aircraft components would drive adoptions
The global market for aerospace filters is estimated to witness immense growth opportunities in the aftermarket owing to the limited life span of the filters. It is recommended that the oil filters need to be replaced in about 1 to 3 years. In case these are not replaced, the contaminants might enter the components of the aircraft and may cause critical damage. The effective filtration in aircraft is imperative to assure that all the systems are free from the contaminants and can ensure reliability, safety, durability, and cost-effectiveness under challenging situations.
GLOBAL AEROSPACE FILTERS - MARKET SEGMENTATION
Global Aerospace filters market – By Type
Air Filter
Liquid Filter
Gas Filter
Global Aerospace filters market – By Application
Hydraulic System
Engine
Avionics
Cabin
Global Aerospace filters market – By Aircraft Type
Fixed Wing Aircraft
Rotary Wing Aircraft
Global Aerospace filters market – By End-User
Commercial
Military
Global Aerospace filters market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Russia
UK
Rest of Europe
Asia Pacific (APAC)
South Korea
China
India
Australia
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America (SAM)
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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