Press release
Aerospace & Defense Ducting Market in Composite Material Segment is Expected to Witness Significant Growth By 2024| Key Players are AIM, Stelia, Meggitt PLC., Eaton, Parker Hannifin, Senior, Safran, ITT Inc., Herber Aircraft Service, and Unison, LLC
The demand for Global aerospace & defense ducting market is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.The aerospace & defense ducting market place, based on material is segmented into composites, stainless steel & alloys, and titanium & titanium alloys. Composite material is expected to witness significant growth owing to the requirement for replacements of heavy metals including stainless steel and aluminum with composite in both low- and high-pressure application according to the system requirements. Further, lower weight and superior material strength are augmenting the industry share till 2025.
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Aerospace & Defense Ducting Market size is set to witness high growth over the forecast timeframe owing to rising production of major aircrafts including A320 family, B787, and B737, technological advancements, and increasing aircraft fleet size. Increasing demand for duct system owing to high requirements for balancing movements and loads arising from temperatures extremes, internal pressure, and airframe movements are positively influencing the market expansion till 2025.
Development of lightweight flexible ducting system is supporting the industry growth over the projected timeframe. Benefits including lower maintenance cost, improved flexibility, durability, and ease in installation are expanding the industry share till 2025. Applicability of these system for operation in low and high temperature environment is positively influencing the product demand over the projected timeframe. However, higher cost associated with manufacturing and maintaining the systems are hindering the aerospace & defense ducting market growth over the study timeframe.
Based on duct type, the aerospace & defense ducting market is segmented into semi-rigid and rigid. Semi-rigid will exhibit considerable growth in the aerospace & defense ducting market place owing to increased airflow on its installations within a limited space envelope. The increasing usage of semi rigid ducting system is attributed to the benefits offered including smooth bore solutions and lightweight composite material properties.
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Based on aircraft type, the segment is distinguished into commercial aircraft, military aircraft, and general aviation. Increasing production of commercial aircraft owing to high air travel demand is among the key aspects propelling the market growth. Additionally, rising military aircrafts demand coupled with expanding defense expenditures are further proliferating the segment growth over the projected timeframe.
Based on pressure type, the aerospace & defense ducting market place is characterized into high pressure and low-pressure. High pressure ducting is expected to observe rapid growth in the market place owing to its major applications across several aircraft including engine bleed air, environmental control systems, fuel tank inserting system, thermal anti-ice systems, and engine starter duct systems. Low pressure ducting system will exhibit steady growth over the forecast timeframe owing to its usage in low-temperature and low-pressure application such as transition duct, windscreen demisting, avionics ventilation, air-conditioning supply, cabin sidewall riser duct, and acoustic silencer.
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North America will showcase significant growth in the aerospace & defense ducting market over the projected timeframe. This can be credited to high concentration of prominent players in the region including Arrowhead Products, AIM Aerospace, Parker Hannifin, and ITT Aerospace. Additionally, high adoption of lightweight aircraft and increasing air traffic across the region are among the major factors proliferating the industry growth over the projected timeframe. Asia Pacific is expected to witness remarkable growth owing to increasing defense spending and rising popularity of low-cost airlines.
Major players in the aerospace & defense ducting market place includes Arrowhead Products, AIM Aerospace, Stelia Aerospace, Meggitt PLC., Eaton, Parker Hannifin Corp, Senior Aerospace, Safran, ITT Inc., Herber Aircraft Service, Inc., and Unison, LLC. Industry participants are entering into strategic partnerships and agreements for increasing their industry share. For instance, in October 2018, Arrowhead Products entered into a strategic distribution partnership with STS Component Solutions that will enable the company to enhance its presence in commercial aircraft aftermarket.
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