Aerospace Cylinders Market Scope
There are several types of cylinders used in the aerospace cylinders category. One type is the cylinder which is the part of the engine where the engine's power is produced. This cylinder is used in the engine and houses the piston and the connecting rod, as well as providing a combustion chamber for gas combustion and expansion. Another type of aerospace cylinders could be oxygen cylinders which are used by passengers in certain conditions. Aerospace cylinders should be: a) Strong enough to withstand the internal stresses generated during engine operation; b) Made of lightweight metal to reduce weight; c) Have reasonable heat-conducting properties for effective cooling; if used in engine and d) Relatively simple and inexpensive to produce, test, and maintain. Aluminum alloy is often used for the cylinder head of an air-cooled engine. Another type of material can be manufactured by a number of materials. With the increase in air travel and increasing airplane production; the demand for aerospace cylinders is increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Luxfer Holdings PLC (United Kingdom), Parker Hannifin Corp. (United States), Norris Cylinder (United States), Adams Rite Aerospace (United States), Aerox (Spain), COBHAM (United Kingdom), Issoire Aviation (France), Rockwell Collins (United States) and Sky OX (United States) |
CAGR | % |
The market is dominated by a few firms. Market leaders lead the market in innovation and new launches. High capital expenses and R&D expenses are to be expected to operate in this market. Production quality must also pass the quality requirements. For a new entrant; focusing on a niche and then diversifying could be a good strategy. The market is clustered in North America. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aerospace Cylinders market throughout the predicted period.
Luxfer Holdings PLC (United Kingdom), Parker Hannifin Corp. (United States), Norris Cylinder (United States), Adams Rite Aerospace (United States), Aerox (Spain), COBHAM (United Kingdom), Issoire Aviation (France), Rockwell Collins (United States) and Sky OX (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aerospace Cylinders market by Type and Region with country level break-up.
On the basis of geography, the market of Aerospace Cylinders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 21 July 2021, Luxfer Gas Cylinders a leading manufacturer of high-pressure composite and aluminum cylinders worldwide is joining forces with Octopus Hydrogen a subsidiary of green energy tech pioneer Octopus Energy in the specification and supply of bulk gas transport modules that will carry green hydrogen across the UK.
Influencing Trend:
Increasing R&D on Making Lightweight Cylinders
Market Growth Drivers:
Increasing Demand for Air Travel and Need of Safety Precautions Are Responsible for Increased Demand of Aerospace Cylinders
Challenges:
Decreased Demand Due to Travel Ban Caused by Covid-19 and High Capital Expenses Required for The Manufacture of Aerospace Cylinders
Restraints:
Cylinders Often Add Weight in The Aircraft Which Makes the Flight Difficult
Opportunities:
Increasing Use of New Materials to Make Cylinders More Durable and Growing Construction of Airports Are Making Air Travel More Accessible
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Aerospace Cylinders Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others