Research Reports
Sales of Aerospace Filter Market to Expand 2X by 2030
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The Aerospace Filter Market is projected to double by 2030, driven by environmental regulations and increased military aircraft demand.
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Aerospace Filter Market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Aerospace Filter Market in the report and the impact of the COVID-19 on these facets of the market. Further, the micro and macro-economic factors that are likely to impact the growth of the Aerospace Filter Market are thoroughly studied in the presented market study.
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Aerospace Filter Market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Aerospace Filter Market in the report and the impact of the COVID-19 on these facets of the market. Further, the micro and macro-economic factors that are likely to impact the growth of the Aerospace Filter Market are thoroughly studied in the presented market study.
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The global aerospace filter market is estimated to be valued at US$ 6.6 Bn in 2020, and surpass US$ 13 Bn by the end of the forecast period (2020-2030). Presently, the spread of COVID-19 has affected the aviation industry, as suppliers in the market are seeing a steep fall in their profits with flights were grounded, resulting in declining sales of aerospace filters. Further, the International Air Transport Association (IATA) estimates that, the industry will require a cash infusion of nearly US$ 200 Bn to keep going. The capital-intensive nature of the industry has raised concerns about cash flow and liquidity, which, in turn, is hampering the growth of the aerospace filter market.
However, regulations associated with environment safety and emission standards imposed by regulatory bodies have become more severe. For example – both, the International Civil Aviation Organization (ICAO) and the Environmental Protection Agency (EPA) are formulating regulations with an aim to lower carbon emissions from commercial planes. This is expected to boost the demand of aerospace filters during the forecast period.
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Further, with geopolitical tensions escalating rapidly, demand for military aircraft is expected to ramp up. Thus, surge in demand from the U.S., India, and China for military aircraft is expected to create growth avenues for aerospace filter manufacturers during the forecast duration.
Key Takeaways from Aerospace Filter Market Study
Strategic Acquisitions to Remain Key Strategy in Aerospace Filter Market
Prominent players in the aerospace filter market are Donaldson Company, Inc., Freudenberg & Co. KG, Honeywell International Inc., Parker-Hannifin Corporation, Mott Corporation, Pall Corporation, Porvair plc, Swift Filters, Inc., Amphenol Corporation, Hollingsworth & Vose Company, and Woodward, Inc., among others. These players are focusing on increasing their business presence in the global market by engaging in acquisitions.
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The article discusses the projected growth of the Aerospace Filter Market by 2030.
COVID-19 has led to a decline in profits due to grounded flights, impacting the aerospace filter market.
Environmental regulations and increased demand for military aircraft are key growth drivers.
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