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Aerospace Couplers Global Market Report 2024 Market Size And Strategies 2024-2033 - Growth Analysis, Outlook, Overview
Aerospace Couplers Global Market Report
According to The Business Research Company's, The aerospace couplers market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to advancements in aircraft systems, stringent safety regulations, rise in defense spending, increased adoption of fly-by-wire systems, growing aircraft production.
The aerospace couplers market size is expected to see strong growth in the next few years. It will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rapid growth in unmanned aerial vehicles (uavs), emergence of electric aircraft, integration of more advanced avionics, focus on lightweight materials, increased connectivity requirements. Major trends in the forecast period include increased demand for lightweight materials, advancements in material technologies, integration of smart technologies, adherence to stringent safety standards, increased automation in manufacturing processes.
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Market Drivers and Trends:
The rising aerospace industry is expected to propel the growth of the aerospace couplers market going forward. The aerospace industry refers to the sector encompassing the development, production, and operation of aircraft, spacecraft, and related systems and services. Aerospace couplers are utilized in a wide range of applications, including compressors, dynamometer test stands, fans, flywheels, gas turbines, gearboxes, generators, mixers, outfeed rollers, pumps, and others. For instance, in February 2023, according to the International Trade Administration, a US-based Department of Commerce, in 2022, UK civil aerospace turnover totaled approximately $34.5 billion. Therefore, the rising aerospace industry is driving the growth of the aerospace couplers market.
Major companies operating in the aerospace couplers market are developing innovative products such as coaxial couplers to witness significant growth. The coaxial couplers are designed to provide optimal performance in assigned frequencies ranging from UHF to Ku-band. For instance, in January 2023, Smiths Interconnect, a UK-based electronics company introduced coaxial couplers for space satellite launch systems, deep-space mission management, and military ground, airborne, and naval defense applications. The coaxial couplers are designed to perform in assigned frequencies from UHF to Ku-band and are tested to customer specifications. The introduction of coaxial couplers designed for space satellites, deep-space mission management, and military applications allows Smiths Interconnect to expand its market presence and address the growing demand for high-performance coupler components in these critical sectors.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Coupling Corporation of America; Intrex Aerospace LLC; United Technologies Corporation India Pvt; Eaton Corporation plc; Senior Aerospace Metal Bellows LLC; Parker Hannifin Corporation; Cla-Val Co.; Carlisle Companies Inc; International Telephone And Telegraph Corporation; Rosenberger Hochfrequenztechnik GmbH & Co. KG.; Amphenol Corporation; TE Connectivity Ltd.; Esterline Technologies Corporation; Smiths Group Plc; Conesys Inc.; Ametek Aerospace & Defense; Radiall SA; Souriau SAS; Aero-Electric Connector Inc.; Glenair Inc.; Winchester Interconnect Corporation; Fischer Connectors SA; LEMO SA; Hirose Electric Co. Ltd.; Molex LLC; Cinch Connectivity Solutions; Omnetics Connector Corporation; AirBorn Inc.; Odu GmbH & Co. KG; Interstate Connecting Components Inc.
Aerospace Couplers Market 2024 Key Insights:
• The aerospace couplers market will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Aerospace Industry Propelling Aerospace Couplers Market
• Smiths Interconnect's Coaxial Couplers Reshaping Aerospace Connectivity
• North America was the largest region in the aerospace couplers market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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