The global intake filter media market generated $5.15 billion in 2019, and is projected to reach $6.85 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027.
By application, the market is categorized into automotive, aerospace, marine, and others. The automotive segment accounted for the highest revenue in 2019, owing to the high demand for intake filter media by the automotive industry. The advent of nanofibers is anticipated to propel the demand for air filters equipped with nanofiber media. Filters fitted with nonwovens can attain considerably larger dust capture capacities than their cellulose-based filter media. With rapid urbanization in developing countries, an increased demand for vehicles is being witnessed, which is anticipated to drive the demand for air filter media over the years.
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Moreover, the aerospace segment is anticipated to witness a significant CAGR over the forecast timeframe. Aircraft engines run at higher speeds and a small error or lower efficiency can lead to drastic circumstances. Maintaining air quality that enters the aircraft engines is of utmost importance. An aircraft travels across different regions with different air qualities, and the presence of dust in the air can hamper the performance of the engine if an appropriate air filter media is not installed.
Factors, such as stringent government regulations regarding harmful automobile emissions and use of nanotechnology for air filtration, are expected to drive the growth of the global intake filter media market. However, certification changes for the use of inlet barrier filters for helicopters and the emergence of washable air filters are expected to restrain the growth of the market during the forecast period. Furthermore, the growing demand for intake filter media for alternative fuel vehicles is expected to offer potential opportunities for the global intake filter media market during the forecast period.
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Key players operating in the global intake filter media market include Ahlstrom-Munksjรถ, ACDelco, Brackett Aero Filters, Inc., Cummins Inc., Denso Corporation, Donaldson Company Inc., Freudenberg SE, Hengst SE, K&N Engineering, Inc., MAHLE GmbH, MANN+HUMMEL International GmbH & Co. KG, Parker Hannifin Corp, Porvair Filtration Group, Sogefi S.P.A., and Toyota Boshoku Corporation.
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By application, the automotive segment is expected to register a significant growth during the forecast period.
By filter media, the synthetic segment is anticipated to exhibit significant growth in the near future.
By distribution channel, the aftermarket segment is projected to lead the global intake filter media market, owing to higher CAGR as compared to the OEM segment.
By vehicle type, the commercial vehicle segment is projected to lead the global intake filter media market size, owing to higher CAGR as compared to other vehicle types.
By mode, the on road segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
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