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Electrical components are finding many takers in the aerospace industry for their ability to make aircrafts more efficient and lighter, while providing operators with greater control over them. Electrically powered solutions also help eliminate bulky hydraulic systems and hoses with higher maintenance costs because of leakages.
New analysis from Frost & Sullivan (industrialautomation.frost.com), North American Hydraulic Components Markets for Aerospace Applications, reveals that market revenues totaled $1.46 billion in 2004 and expects to reach $2.03 billion in 2011.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the North American Hydraulic Components Markets for Aerospace Applications, then send an e-mail to Trisha Bradley, Corporate Communications, at trisha.bradley[.]frost.com, with the following information: your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
Despite airplanes such as the Lockheed Martin F-35 opting for electromechanical systems, hydraulics still retains its market for high-pressure applications – especially in large commercial aircraft. For instance, the actuators on board the B7E7 will operate at higher pressures (5000 psi), enabling actuator manufacturers to build lighter devices.
End users are beginning to see the benefits of integrating electronics with hydraulic systems for better performance and reprogrammable digital control and settings. Market participants that can provide integrated systems and take on the responsibilities of assembling and installing these systems will succeed.
“Apart from integrated systems, robust growth in military aerospace market and improving economies will also provide opportunities for hydraulic component manufacturers,” say Frost & Sullivan Research Analysts Udayachandra A.S. and Arjun Bagri.
The 9/11 attacks, the outbreak of severe acute respiratory syndrome (SARS), and the 2003 Iraq war has severely affected the commercial aerospace industry. However, improving economies are helping it get back on track, as proved by the Bureau of Transportation Statistics.
This organization estimates that there was a 7.2 percent rise in the domestic passengers from 2003 to 2004 in U.S. airlines. With Airbus and Boeing introducing more airplanes, hydraulic components and systems sales are expected to receive a huge boost.
The U.S. military spending has also increased substantially as the country is actively deploying troops to fight insurgency and terrorism in various parts of the world.
“The Department of Defense (DoD) is developing various programs to replace its aging aircraft and helicopters,” says Arjun Bagri. “This, in turn expects to assist growth in the hydraulic component and systems markets.”
The top tier participants that cater to the aerospace industry’s demand for hydraulic devices produce components, subsystems, and systems. They have established close relations with aircraft manufacturers and are responsive to their needs.
“More than 50 percent of the hydraulic components market for aerospace applications is occupied by tier 1 companies,” explains Udayachandra A.S “They are most likely to grab future business opportunities, as they have proven their ability to successfully support programs.”
Market participants need to develop technologies and solutions that will significantly benefit end users in terms of reduced operating costs, higher efficiency, and lesser maintenance.
North American Hydraulic Components Markets for Aerospace Applications is part of the 9937-A5 service and segments the market into hydraulic cylinders, valves, as well as motors and pumps. It discusses market drivers and restraints as well as industry challenges. It also provides information on the growth trends, competitive structure, and market opportunities, thereby enabling companies to align their positioning strategies to benefit from the changing markets and obtain maximum return on investment. Analyst interviews and executive summaries are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
North American Hydraulic Components Markets for Aerospace Applications
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Contact:
Kristina Menzefricke
Corporate Communications – Europe
P: +44 (0) 20 7343 8376
F: +44 (0) 20 7730 3343
E: kristina.menzefricke[.]frost.com
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +603 6304 5832
F: +603 6201 7402
E: djeremiah[.]frost.com
Keywords in this release: hydraulic components, aerospace applications, North America, hydraulic cylinders, valves, motors, pumps, severe acute respiratory syndrome, SARS, research, information, market, trends, technology, service, forecast, market share
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