Aerospace & Defense Water & Waste Systems Market to reach US$ 1,250.4 million in 2022.

Aerospace & Defense Water & Waste Systems Market: Highlights

The global aerospace & defense water & waste systems market offers an attractive growth opportunity throughout the eco-system of the market. The global aerospace water and waste systems market is likely to grow at a healthy CAGR of 5.1% over the next five years to reach US$ 1,250.4 million in 2022. Increasing deliveries of commercial aircraft, increasing demand for wide-body aircraft, increasing global aircraft fleet, high demand of hygiene and convenience by passengers during travel, and an advancement in lightweight and easy maintenance systems are some of the major growth drivers that are increasing the demand for water & waste systems in the global aerospace & defense industry.

Aerospace & Defense Water & Waste Systems Market — Insights by Aircraft Type:

The global aerospace & defense water & waste systems market is segmented based on aircraft type: commercial aircraft, regional aircraft, business jet, and military aircraft. Commercial aircraft has been the largest water & waste system market in the global aerospace & defense industry and is forecasted to remain the largest segment over the next five years as well. Increased production rates of major commercial aircraft, such as B737, A320 family, A350XWB, and B787; high number of lavatories per aircraft; and an expected entry of upcoming aircraft, such as Comac C919 are going to propel the demand for water & waste systems in the global commercial aerospace industry in coming five years. In addition to that, regional aircraft is also expected to grow at a healthy rate to ensure better hygiene and convenient journey to passengers.

Aerospace & Defense Water & Waste Systems Market — Insights by System Type:

Aerospace & defense water & waste systems market is segmented into potable water system, vacuum waste system, recirculating blue water system, and other systems. Vacuum waste system currently dominates the global aerospace & defense water & waste systems market and is projected to remain the largest system type during the forecast period. It is the most widely preferred waste system in all new aircraft, such as B787, A350XWB, and A380 as it offers several advantages over recirculating blue water system, such as low weight, high reliability, easy maintenance, and odor free. This system type would continue to replace recirculating waste systems in the foreseeable future.

Aerospace & Defense Water & Waste Systems Market — Insights by Region:

The global aerospace & defense water and waste systems market is divided into North America, Europe, Asia-Pacific and Rest of the World.Asia-Pacific is likely to experience the fastest growth during the forecast period owing to upcoming commercial and regional aircraft, such as Comac C919 & ARJ21 and Mitsubishi MRJ and rising aircraft fleet size.North America is expected to remain the largest market in the global aerospace & defense water and waste systems market over the next five years as it is manufacturing capital of aerospace & defense industry with the presence of several small to large OEMs, airlines, tier players including water & waste system manufacturers, and raw material suppliers.

The major companies that provide aircraft water and waste system solutions are Zodiac Water & Waste Systems, BE Aerospace, UTC Aerospace Systems, MT Aerospace, TransDigm Group Inc, Apparatebau Gauting GmbH, Albany International, and Yokohama Aerospace America Inc. New product development, proximity to the OEMs, regional expansion, and long-term contracts with customers are the key strategies adopted by the key players to gain a competitive edge in the market.

Source: https://www.stratviewresearch.com/190/aerospace-and-defense-water-and-waste-system.html