Global Aircraft Hydraulic System Market to Reach $1.2 Billion by 2027
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 2027, growing at aCAGR of 2.9% over the period 2020-2027. 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 an early 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 $265.4 Million, While China is Forecast to Grow at 5.3% CAGR
The Aircraft Hydraulic System market in the U.S. is estimated at US$265.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$241.7 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.We bring years of research experience to this 7th edition of our report. The 284-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Arkwin Industries Inc.
- Beaver Aerospace & Defense, Inc.
- Eaton Corporation PLC
- Liebherr-International AG
- Moog, Inc.
- Parker Hannifin Corporation
- Triumph Group, Inc.
- United Technologies Corporation (UTC)
- Woodward, Inc.