A $1.2 Billion Global Opportunity for Aircraft Hydraulic System by 2026, According to a New Study by GIA

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Aug 19, 2021, 11:20 ET

SAN FRANCISCO, Aug. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aircraft Hydraulic System - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 4353
Companies: 41 - Players covered include Arkwin Industries Inc.; Beaver Aerospace & Defense, Inc.; Eaton Corporation PLC; Liebherr-International AG; Moog, Inc.; Parker Hannifin Corporation; Safran; Triumph Group, Inc.; United Technologies Corporation (UTC); Woodward, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Component (Filters, Pumps, Accumulators, Actuators, Hydraulic Fluid, Reservoir); Type (Open-Center, Closed-Center)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Aircraft Hydraulic System Market to Reach $1.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Aircraft Hydraulic System estimated at US$982 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 2.9% over the analysis period. Open-Center, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$368.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Closed-Center segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $272.3 Million in 2021, While China is Forecast to Reach $231 Million by 2026
The Aircraft Hydraulic System market in the U.S. is estimated at US$272.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$231 Million by the year 2026 trailing a CAGR of 5.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.