United States, Rockville MD, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The global aerospace filters industry is poised to reach a market value of US$ 2,964.49 Million in 2032 by registering a CAGR of 7.5%, according to a recently concluded study published by Fact.MR. As of 2022, demand for aerospace filters is forecast to accrue US$ 1,398.82 Million. Growth of the market is attributed to increasing growth of commercial flights across different countries. In addition, regulations for reducing carbon emissions are playing a key role in the integration of aerospace filters.

From 2016-2021, aerospace filters market demand accelerated at an impressive 4% value CAGR, concluding at US$ 1,297.79 Million. Although the COVID-19 pandemic affected the demand for aerospace filters, the demand for the same has increased owing to the travel and tourism industry. Most people have exhibited a growing inclination towards traveling by air. This has led to an increase in the production of commercial flights, thus, resulting in increasing sales of aerospace filters.

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The aviation sector is investing in filters due to the numerous benefits it provides. Moreover, the modernization of aircraft along with a high demand for military aircraft is changing the landscape for aerospace filters. Furthermore, research for manufacturing aerospace filters for different aircraft is expected to drive growth of the market.

Modernization of Aircraft boosting growth of Aerospace Filters

The aerospace filtration products include an assortment of standard filter assemblies that are required to fulfil certain industry standards. Increasing investments in the enhancements of the quality of aircraft to provide new opportunities to the market players operating in the aerospace filters market is the key driver of the aerospace filters market. Increasing modernizations in aircraft coupled with a rise in the aircraft fleets supports the growth of the global aerospace filters market during the forecast period.

Contaminations including odor causing compounds, allergens, volatile organic compounds, and other particulate may enter from outside the system. Thus, air purification systems are installed for treating both the recirculated air and the outside air (bleed air). This creates a potential health hazard to the passengers and the crew. For avoiding this, efficient filters for filtering the hazardous contaminants are installed within the aircraft.

Among the end use segments, filter installed in military aviation are expected to capture more than 48% of the market share in 2022. Demand for military aircraft has risen due to increased spending on the defense sector across different developed and developing economies such as the U.S., China, India, and Russia.

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Key Takeaways from the Market Study

Key Segments Profiled in the Aerospace Filters Industry Survey

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Key players in the aerospace filters 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. 

Fact.MR, in its new offering, presents an unbiased analysis of the global aerospace filters market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product (Cabin Air Filters, Avionics Filters, Hydraulic Filters, Engine Air Intake Filters, Fuel Filters, Oil & Lube Filters, Others), by Filter Media (Fiberglass, Metal Mesh, Pleated Paper, Others (Polymers, Fibers), by Aircraft (Narrow Body Aircraft, Wide Body Aircraft, Regional Body Aircraft, Turboprop, Rotary Wing), by End Use (Commercial Aviation, Business Aviation, Military Aviation) by Sales Channel (OEMs, Aftermarket) across three major regions (North America, Latin America, Europe, APEJ, Japan, Middle East and Africa)

Check out more related studies published by Fact.MR Research: 

Automotive Filter Market -The global market for automotive filters expanded at a steady pace, clocking a CAGR of over 3% from 2016 to 2020. Toughening standards on vehicular emissions has prompted this increase in sales across the historical period. Motorcycle Filter Market - The global motorcycle filter market is poised to exhibit a CAGR of 6.2% during the forecast period of 2017-2022. The synthetic sub-segment of the filter media segment is going to exhibit a robust CAGR growth during the forecast period.

Car Air Filter Market - The global car air filter market is estimated at USD 9.9 Billion in 2022 and is forecast to surpass USD 13.8 Billion by 2032. The automobile industry in North America is gaining grip with the increasing demand for vehicles in the region.

Car Fuel Filter Market - The global car fuel filter market is estimated at USD 490 Million in 2022 and is forecast to surpass USD 671 Million by 2032. Rising governmental laws about stringent emission criteria are expected to assist the car fuel filter market.

Automotive Fuel Tank Market - The automotive fuel tank market has garnered a market value of US$ 30 Bn in 2022, anticipated to register a positive CAGR of 6% in the forecast period 2022-2032 and reach a value of US$ 53.8 Bn.

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