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Aerospace and Defense Fluid Conveyance Systems Market to Reach US$ 4.3 billion in 2023.

 


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The Global Aerospace and Defense Fluid Conveyance Systems Market: Highlights The global 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. Aerospace Fluid Conveyance Systems Market - Insights by Aircraft Type: Commercial aircraft is projected to remain the largest and fastest-growing segment of the aerospace & defense 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. Aerospace Fluid Conveyance Systems Market - Insights by Application Type: 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.

Aerospace Fluid Conveyance Systems Market - Insights by Product Type: Based on the product type, the global 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. Aerospace Fluid Conveyance Systems Market - Insights by Region: 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. North America is expected to remain the largest market for global aerospace & defense 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. 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.

Report Link:- https://www.stratviewresearch.com/148/aerospace-&-defense-fluid-conveyance-systems-market.html.

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