Aerospace Accumulator Market Study by Regional Outlook and Competitive Landscape to 2026

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Aerospace Accumulator Market Study by Regional
Outlook and Competitive Landscape to 2026

• Growing urbanization and rising popularity of air
  travel attributing to more convenience and less
  travel time is anticipated to increase the demand
  for aircrafts thereby stimulating aerospace
  accumulator market over the coming years. As a
  result of affordable and safer air travel there
  has been a notable surge in the volume of air
  passengers which has increased the demand for
  airplanes. According to Global Market Insights,
  Inc. report, aerospace accumulator market is
  projected to surpass USD 8.8 million by 2026.
• Various countries across the globe have
  considerably increased their defense budget for
  strengthening the national security which is
  likely to impel the demand for aerospace
  accumulator. For instance, during FY 2020, the
  U.S. had observed a growth of more than 7 in the
  defense budget as compared to that during FY
  2018. Additionally, the U.S. government is
  intending to increase the military budget to over
  USD 721.5 billion in the FY 2020.

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• In terms of product, bladder accumulator segment
  is estimated to grow at a CAGR of 3 over the
  forecast timeframe. These accumulators find
  extensive use in hydraulic systems of passenger
  aircrafts for energy storage application. Bladder
  accumulator features light weight, higher
  frequencies of charging and discharging, lower
  maintenance, and improved overall system
  handling. Furthermore, rising aircraft production
  along with burgeoning demand for new generation
  aircrafts will significantly drive the segmental
  growth.

• Considering the aircraft type, business jets
  segment is expected to mark a substantial growth
  during the ensuing years on account of increasing
  globalization and rising multi-national business
  activities. Geographic expansion of several large
  organizations has increased the overseas
  operations which necessitates their employees to
  travel to several destinations for managing and
  developing their business ventures. This has
  indeed laid a positive impact on the segmental
  growth.

• Owing to growing inter-continental business
  operations, the demand for business jets has
  significantly increased, which has ultimately
  prompted the industry players to focus on
  providing superior product to their clients while
  enhancing the companys market position. Citing
  an instance, in 2020, Embraer inked a deal worth
  USD 14 billion with one of the global leaders in
  private jet travel- Flexjet. Under this deal,
  Embraer had announced the delivery of its
  recently certified Phenom 300 and Praetor jets,
  thereby bolstering their enduring partnership.

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• Regional Analysis

• Asia Pacific aerospace accumulator market is
  expected to witness a commendable growth owing to
  rising number of air passengers in the region.
  Growing economy, increasing preference for
  low-cost air carriers coupled with an upsurge in
  disposable income are some of the pivotal factors
  contributing to the growth of regional market.
  Additionally, elevating demand for military and
  commercial aircrafts from countries such as China
  and India will positively influence the industry
  growth.

• Competitive Analysis

• Prominent market players operating in the
  industry are focused on developing
  technologically advanced products in order to
  improve their offering and gain a competitive
  edge in the market. Some of the renown names in
  the market are Senior Aerospace, Eaton
  Corporation, Triumph Group, Woodward, Haydac
  Technologies, APPH Group, Parker Hannifin and
  Valcor Engineering.

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