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  • Aerospace Filters Market Expected to Witness High Growth over the Forecast Period 2027

    (Aviation-NewsWire.Com, May 03, 2019 ) The global aerospace filters market accounted to US$ 1.05 Bn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2019 - 2027, to account to US$ 2.03 Bn by 2027.

    North America and the Asia Pacific were the leading regions geographically where it is anticipated that the APAC region would be the highest revenue contributor at the end of the forecast period by 2027. The constantly rising passenger air traffic has created huge demands for additions of commercial aircraft carriers in the APAC region and thus propel the growth of aerospace filters market in the region.

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    A prominent increase in the number of commercial aircraft to create opportunities for aerospace filters
    The global aviation sector is witnessing a huge demand for modern aircrafts in both commercial as well as military aviation. Attributing to the fact that, the disposable income in the developing countries is increasing substantially, the need for air travel is also increasing at the same pace. On a global scenario, commercial air traffic is foreseen to maintain constant growth over the period, despite various challenges faced by commercial airlines. However, the challenges are succeeded by the rise in passenger numbers across the globe. The low-cost carriers (LCC) in the developed economies as well as developing economies are turning the revolution by offering low fare business models which are increasing the demand for air travel among the upper middle class and middle-class society of developing nations. India is expected to replace the United Kingdom, to become the third largest commercial air carriers in the world. This factor would generate opportunities in the aerospace filters market significantly.

    Aerospace Filters Market - Company Profiles
    Donaldson Company, Inc.
    Eaton Filtration
    Freudenberg Group
    GKN Aerospace
    Hollingsworth & Vose
    Pall Corporation
    Parker Hannifin Corp.
    Porvair plc
    Recco Filters, Ltd.
    Safran Filtration Systems


    Global Aerospace filters market By Type
    Air Filter
    Liquid Filter
    Gas Filter

    Global Aerospace filters market By Application
    Hydraulic System

    Global Aerospace filters market By Aircraft Type
    Fixed Wing Aircraft
    Rotary Wing Aircraft

    Global Aerospace filters market By End-User

    Global Aerospace filters market By Geography
    North America
    Rest of Europe
    Asia Pacific (APAC)
    South Korea
    Rest of Asia Pacific
    Middle East and Africa (MEA)
    Saudi Arabia
    South Africa
    Rest of MEA
    South America
    Rest of South America (SAM)

    The Insight Partners

    Sameer Joshi



    Source: EmailWire.Com

    Source: EmailWire.com

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