Press release
Aerospace & Defense Composite Ducting Market Worth US$ 815.8 million in 2023
Stratview Research has published a new research report on Aerospace & Defense Composite Ducting Market. This extensive 198-page report by Stratview Research analyses the growth of Aerospace & Defense Composite Ducting Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -• by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
• by Pressure Type (Low & High-Pressure Composite Ducts)
● by Application Type (Environment Control System, Auxiliary Power Unit, and Others)
• by Reinforcement Type (Glass & Carbon Fiber Composites, and Others)
• by Matrix Type (Epoxy Composites, Phenolic Composites, and Others)
● by Manufacturing Process Type (Autoclave, Out of Autoclave, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)
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Increasing production rates of major aircraft programs
The aerospace & defense composite ducting market is projected to reach US$ 815.8 million in 2023. Increasing production rates of major aircraft programs, such as A320 family, A350XWB, B737, and B787; upcoming aircraft and introduction of variants of the existing aircraft platforms, such as C919, MC-21, B737 Max, and A320neo; continuous shift from metal ducts to composite ducts to achieve greater fuel efficiency; an advancement in the ducting technology; and growing aircraft fleet size are major growth drivers of the aerospace & defense composite ducting market.
Commercial aircraft to remain the growth engine in the market
Commercial aircraft is expected to remain the growth engine of the aerospace & defense composite ducting market during the forecast period. This aircraft segment is also expected to witness the highest growth over the next five years, driven by increasing production rates of key aircraft programs, such as B737, A320, B787, and A350 and continuous shift from metal ducts to composite ducts in both low-pressure and high-pressure applications. Regional aircraft is also projected to witness an impressive growth during the same period.
Low-pressure applications currently dominate the aerospace & defense composite ducting market. Composite ducting is widely preferred in the low-pressure applications throughout the entire breadth of fixed and rotary wing aircraft types and offers several advantages, such as lightweight, an excellent strength, thermal resistance, and ability to mold complex shapes.
Glass fiber is the most widely used reinforcement type
Glass fiber is the most widely used reinforcement type in the aerospace & defense composite ducting market and is expected to remain the largest reinforcement type over the next five years. This fiber type is highly preferred in low-pressure applications, such as cabin air recirculation and cabin sidewall riser as it offers good mechanical performance at a relatively lower cost. Epoxy, phenolic, and thermoplastic resins are used along with the glass fibers to manufacture ducting. Carbon fiber is likely to witness the highest growth over the next five years.
North America to remain the largest market
North America is expected to remain the largest market for aerospace & defense composite ducting over the next five years. This region is the manufacturing hub of the advanced composites industry with the presence of several large- to small-sized part fabricators, prepreggers, and raw material suppliers. Boeing, Bombardier, and Lockheed Martin are major aircraft manufacturers in North America. Asia-Pacific is likely to experience the highest growth during the forecast period, driven by the demand for composite ducting in upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ.
The Supply chain
The supply chain of this market comprises raw material manufacturers, composite ducting manufacturers, Engine OEMs, and aircraft OEMs, and airline companies. The key aerospace engine manufacturers are CFM, GE Aviation Engines, and Pratt & Whitney and key aircraft OEMs are Boeing, Airbus, Lockheed Martin, Bombardier, Embraer, ATR, Cessna, and Gulfstream.
Top market players
The key composite ducting manufacturers for the aerospace & defense industry are Senior Aerospace, Triumph Group, ITT Corporation, Parker Hannifin Corporation, Arrowhead Products, AIM Aerospace, and Stelia North America. New product development, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Aerospace & Defense Composite Ducting Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.
Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market/report/Aerospace-Defense.html
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
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