Aerospace Couplers Global Market Report 2024

The Aerospace Couplers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aerospace Couplers Global Market Report 2024, 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.

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.

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The aerospace couplers market covered in this report is segmented –

1) By Type: Emergency Breakaway Coupler, Pressure Coupler, Hydrant Coupler

2) By Application: Commercial, Military

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.

The aerospace couplers market report table of contents includes: