Press release
Aerospace Composite Ducting Market is Forecasted to Reach US$ 810.2 million in 2028, Says Stratview Research
The global aerospace composite ducting market is projected to witness a growth rate of 10.7% annually from 2023 to 2028, with an anticipated size of US$ 810.2 million by 2028, according to an analysis by Stratview Research.Stratview Research, a global market research firm has launched a report on the global aerospace composite ducting 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:
https://www.stratviewresearch.com/Request-Sample/244/aerospace-and-defense-composite-ducting-market.html#form
Report Highlights:
Market Size in 2028: US$ 810.2 million
Growth (CAGR): 10.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Segment Insights on the Aerospace Composite Ducting Market:
The global aerospace composite ducting market is segmented based on platform type, reinforcement type, material type, pressure type, application type, and region.
Based on platform type - The aerospace composite ducting market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, UAVs, and spacecraft. Commercial aircraft is projected to remain the largest and fastest-growing segment of the aerospace composite ducting market during the forecast period, driven by the ungrounding of the B737 Max, the ramp-up of Airbus A320 family monthly production, and the development of high-thrust engines.
Based on the duct type - Low-pressure applications dominate the global aerospace composite ducting market. Composite ducting is widely preferred in low-pressure applications throughout the entire breadth of fixed and rotary-wing aircraft types and offers several advantages, such as being lightweight, excellent strength, thermal resistance, and the ability to mold complex shapes.
Based on the reinforcement type - The market has been segmented as glass fiber composites, carbon fiber composites, and other composites. Glass fiber is the most widely used reinforcement type in the 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 glass fibers to manufacture ducting. Carbon fiber is likely to witness the highest growth over the next five years.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/244/aerospace-and-defense-composite-ducting-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market for aerospace composite ducting assemblies over the next five years. This growth outlook is majorly attributed to the following-
- The region is the manufacturing capital of the aerospace industry with the presence of several major players, such as Boeing, Lockheed Martin, and Bombardier, and the presence of major composite ducting manufacturers.
- Asia-Pacific is likely to experience the highest growth in the coming five years.
- The commencement of commercial and regional aircraft manufacturing in China and Japan, upcoming indigenous aircraft, C919, and increasing defense spending.
Aerospace Composite Ducting Market Drivers:
Some of the key drivers listed in the report are given below.
- Rising aircraft production, increasing demand for lightweight and fuel-efficient components, advancements in composite materials, and stringent regulatory standards for emissions.
- Growing adoption in commercial and military aviation, along with expanding applications in next-generation aircraft.
Top Companies in the Aerospace Composite Ducting Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AIM Aerospace
• Arrowhead Products Corporation
• ITT Corporation
• Parker-Hannifin Corporation
• Senior Aerospace
• Stelia Aerospace
• Triumph Group
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Aerospace Composite Ducting 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?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Aerospace & Defense Thermoplastic Composites Market: https://www.stratviewresearch.com/299/aerospace-&-defense-thermoplastic-composites-market.html
• Aerospace Thermoplastics Market: https://www.stratviewresearch.com/686/aerospace-thermoplastics-market.html
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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.
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