Aerospace Fluid Conveyance Systems Market Worth US$ 4.3 billion in 2023

Stratview Research has published a new research report on Aerospace Fluid Conveyance Systems Market. This extensive 182-page report by Stratview Research analyses the growth of Aerospace Fluid Conveyance Systems 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, Military Aircraft, and Others)
• by Application Type (Fuel-based Systems, Air-based system, and Others)
• by Product Type (Hoses, High-Pressure Ducts, and Low-Pressure Ducts)
• by Material Type (Nickel & Alloys, Titanium & Alloys, and Others)
• and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing production rates of commercial and regional aircraft

The aerospace & defense fluid conveyance systems market is likely to grow at a healthy rate over the next five years to reach US$ 4.3 billion in 2023. Increasing production rates of commercial and regional aircraft, rising aircraft fleet size, increasing demand for lightweight fluid conveyance systems, and an advancement in fluid conveyance technology to address the emerging requirements for the development of high-thrust turbofan engines are major growth drivers of the market. The fluid conveyance system manages and distributes fluids in the low- as well as high-pressure and high-temperature areas of fixed-wing and rotary wing aircraft for civil and military applications.

Commercial aircraft to remain the largest and fastest-growing segment of the
market

The market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others. Commercial aircraft is projected to remain the largest and fastest-growing segment of the fluid conveyance systems market during the forecast period, driven by increasing production rates of the best-selling aircraft, such as A320 family, B737, B787, and A350XWB and rising aircraft fleet size. Composite materials will continue to gain the market traction over the next five years by replacing metals, such as aluminum and stainless steel.

Hoses are designed to convey fluids to components

Based on the product type, the aerospace & defense fluid conveyance systems market is segmented as Hoses, Low-Pressure Ducts, and High-Pressure Ducts. Hoses are designed to convey fluids to components, valves, actuators, and tools. A hose is typically flexible, often reinforced and usually constructed with several layers of reinforcement. Teflon, rubber, kevlar, thermoplastic, and stainless steel are the key materials used to manufacture hoses.

Major applications of high-pressure ducting systems

High-pressure ducts are deployed throughout the aircraft, from the engines, through the fuselage, to the leading edges of the wings. The major applications of high-pressure ducting systems are environmental control system (ECS systems), engine bleed air, thermal anti-ice systems, APU air intake/exhaust, fuel tank inerting systems, and engine starter duct systems.

All the major players are using exotic metals, such as nickel and titanium to provide absolute optimum ducting system solutions. Composites and aluminum are the most preferred materials for low-pressure ducting. Low-pressure ducts are used in low-temperature and low-pressure applications, such as cabin sidewall riser duct, transition duct, acoustic silencer, windscreen demisting, flight deck air distribution, flight deck instrumentation cooling, avionics ventilation, cabin recirculation, and air-conditioning supply.

North America to remain the largest market

Based on regions, North America is expected to remain the largest market for the fluid conveyance systems over the next five years. The region is the manufacturing capital of the aerospace & defense industry with the presence of several major players, such as Boeing, Lockheed Martin, and Bombardier and the presence of major fluid conveyance manufacturers. Asia-Pacific is likely to experience the highest growth, driven by the commencement of commercial and regional aircraft manufacturing in China and Japan, the introduction of offset policy, and increasing defense spending.

Top market players

The supply chain of this market comprises raw material manufacturers, fluid conveyance system manufacturers, aircraft engine OEMs, aircraft OEMs, and airline companies. The key aerospace engine manufacturers are CFM, GE Aviation Engines, Pratt & Whitney, and Rolls-Royce. The key aircraft OEMs are Boeing, Airbus, Lockheed Martin, Bombardier, Embraer, ATR, Cessna, and Gulfstream. The key fluid conveyance system manufacturers for the aerospace & defense industry are Eaton Aerospace, Parker Hannifin Corporation, Senior Aerospace, PFW Aerospace, Zodiac Aerospace, ITT Aerospace, and Unison Industries. New product development, 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 Fluid Conveyance Systems 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.

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