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Aircraft Hydraulic System Market: Improved Performance Opens Avenues for Growth

Azurair Boeing 757-200 | Antonio Doblado

Aircraft hydraulic systems are crucial to the functioning of the aircraft since they facilitate easy operation of flaps, landing gear, brakes, and flight control surfaces in aircraft, and enhance the overall efficiency of the aircraft. The complexity of an aircraft hydraulic system is directly proportional to the size of the aircraft. For instance, smaller aircraft utilize hydraulic fluid only for wheel brakes, whereas larger commercial aircraft need bigger and sophisticated hydraulic systems. 

To facilitate large operations, the complex hydraulic systems are comprised of numerous subsystems including actuators & filters, reservoir, pump, vane & spur gear, hydraulic fluid, pressure regulator, accumulator, valves, and others (connectors). Owing to their ability to smoothly undertake crucial aspects involved during the flight, hydraulic systems are extremely important. On this premise, the growth of the aircraft hydraulic systems market is directly reliant on the growth of the aircraft industry. Moreover, factors such as a rise in global air travel and surge in new aircraft deliveries in countries such as China, Mexico, Brazil, and India are expected to drive the demand for hydraulic systems in the years to come.

In the recent past, hydraulic systems have gone through a significant transformation in terms of numerous physical characteristics. For instance, aircraft manufacturers are focusing on reducing the weight of the aircraft, thus asserting manufacturers of hydraulic systems to lighten the systems. Likewise, end-users are requiring simplification of inspection, ease of installation, and minimal maintenance requirements. 

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Although the concept of hydraulic systems is not entirely new to the aircraft market, the ever-evolving industry is adapting newer, efficient systems to improve the overall functionality. On this premise, modern hydraulic systems are being developed to cater to the changing needs of the aircraft industry, thereby ensuring healthy growth in the forthcoming years. Besides, the advantages associated with hydraulic systems, such as lower cooling cost, high reliability, load handling capacity and high power to weight ratio will continue to propel the demand for aircraft hydraulic systems.

Market Challenges

Although hydraulic systems are an essential part of an aircraft, the growth of the market has a certain set of challenges. Primarily, the volatile situation of the aviation industry has been pushed into by COVID-19 is likely to play a major adversary to the growth of the aircraft hydraulic system. The prevailing pandemic has exposed the cracks of the industry, while uncertainty wafts over economic revamp. 

On this premise, the production and operations in aviation have come to a screeching halt either to complete termination or partial operation. This has subsequently affected the sales of these systems in the second and third quarters of 2020, with major investments being held back. Besides, factors such as high maintenance cost and high system weight have pushed end-users to opt for electric systems which is also acting as a restraint for the global aircraft hydraulic system market.

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This situation will pose a major challenge to the swift growth of the aircraft hydraulic system market, market players wait for the socioeconomic atmosphere to resign with normality. 

Competitive Landscape of Aircraft Hydraulic System Market

The global aircraft hydraulic system market is segmented into North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain), Eastern, Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC Countries, S. Africa, Northern Africa). Among these, Asia Pacific is forecasted to account for the majority of share in global revenue, on the back of economic growth, new structural activities and high demand for new aircrafts. 

In Asia Pacific, Japan will remain at the forefront of growth, backed by the strong presence of manufacturers in the region. Likewise, the U.S. is forecasted to bestow remunerative opportunities as the aircraft industry is undertaking international projects to develop small jets and transport & patrol aircrafts for defence. Some of the prominent players operating in the market include Senior plc., PARKER, HANNIFIN CORP, Eaton Corporation PLC, TRIUMPH GROUP, INC., United Technologies Corporation, Arkwin Industries Inc., Beaver Aerospace & Defense, Inc., Moog Inc., General Aerospace GmbH, and Safran S.A.

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