Aircraft Band Clamps Market is Forecasted to Reach US$ 246.4 million in 2027, Says Stratview Research

The global aircraft band clamps market is projected to witness a growth rate of 11.4% annually from 2022 to 2027, with an anticipated size of US$ 246.4 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft band clamps market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2027: US$ 246.4 million
Growth (CAGR): 11.4% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Band Clamps Market:
The global aircraft band clamps market is segmented based on aircraft type, application type, band material type, band clamp type, and region.

Based on aircraft type - The market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. The commercial segment occupied a market share of more than 55% in 2021 & is expected to be the fastest-growing aircraft type in the market during the forecast period driven by the expected rebounding of air passenger traffic, reapproval of B737 Max, and projected ramp-up in production rates of key aircraft programs.

Furthermore, both aerospace giants, Boeing and Airbus, are optimistic about the market recovery, in the long run, forecasting over 40,000 commercial and regional aircraft deliveries in the next twenty years, assuring a sustainable demand for band clamps in the coming yearst.

Based on the application type - The market is segmented into engines and others. The engine segment remains dominant in the market with more than 90% share in 2021 as it consists of maximum connections of ducts, tubes, and hoses which need to be connected intact to withstand intense temperatures and pressure.

Based on the band material type - The market is segmented as steel/stainless steel, aluminum, titanium, nickel alloys, and others. Steel & stainless steel accounted for a share of more than 50% in 2021, & are projected to remain dominant in the market during the forecast.
Owing to their various benefits over other materials, such as the ability to withstand extreme vibrations, shock, temperature, and pressure. Steel/stainless steel is also cost-effective as compared to titanium and nickel alloys.

Based on the band clamp type - The market is segmented into T-bolt band clamps and V-band clamps. The T-Bolt band clamp occupied a market share of more than 80% in 2021 & is expected to remain the most dominant clamp type during the forecast period.
They are used in a majority of functionalities in the engine and other aircraft applications to hold all types of ducts, tubes, and hoses. It is also cost-effective and inhibits several properties, strengthening the connectivity in extreme temperatures and pressure.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2861/aircraft-band-clamps-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America dominated the market with a share of more than 45% in 2021, and is expected to remain the largest region during the forecast period. This growth outlook is majorly attributed to the following-
- The presence of a large number of OEMs: such as Airbus, Boeing, and Lockheed Martin; tier players, and raw material suppliers in the region.
- The North American market is highly competitive with the presence of a large number of leading global players, such as TransDigm Inc., Eaton Corporation, Voss Industries Inc., and Caillau in the region.

Aircraft Band Clamps Market Drivers:

Some of the key drivers listed in the report are given below.
- Growing commercial aircraft fleet and increasing demand for new aircraft deliveries.
- The lifting of the grounding of the 737 Max and the increase in new aircraft deliveries will contribute to driving the market.
- Upcoming aircraft programs like Boeing 777X, COMAC, Aerion AS2, and Bell V-280 Valor.
- The increasing demand for air travel has resulted in a rise in aircraft production and maintenance activities. This, in turn, has led to an increase in demand for aircraft clamps.

Top Companies in the Aircraft Band Clamps Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• TransDigm Group Inc. (AdelWiggins and TA Aerospace)
• Teconnex Ltd
• Voss Industries Inc. (A CAM Company)
• Eaton Corporation
• Caillau
• Ho-Ho Kus. Inc
• J&M Products, Inc.
• National Utilities Co./NUCO
• Pacmet Aerospace

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Band Clamps Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.