Overview and Scope
Aerospace and defense ducting is a specialized tubing or channel used for transferring air, gases, and liquids from one point to another point within an aircraft, spacecraft, or military vehicle. They play a crucial part in an aircraft’s performance by dispersing air to guarantee adequate temperature regulation, ventilation, humidity control, and noise reduction.
Sizing and Forecast
The aerospace & defense ducting market size has grown steadily in recent years. It will grow from $5.41 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to military expenditure, aircraft production rates, regulatory compliance, supply chain shifts, economic cycles..
The aerospace & defense ducting market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to cybersecurity requirements, mro industry growth, aircraft maintenance & upgrades, increased air travel, aerospace innovation.. Major trends in the forecast period include augmented reality assistance, condition-based maintenance, adaptability to uavs, enhanced durability, thermal management solutions..
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The aerospace & defense ducting market covered in this report is segmented –
1) By Duct Type: Rigid, Semi-Rigid, Flexible
2) By Material: Titanium Ducts, Stainless Steel Ducts, Nickel Alloy Ducts, Composite Ducts
3) By Pressure: High Pressure, Low Pressure
4) By Application: Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft
North America was the largest region in the aerospace and defense ducting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace and defense ducting market report during the forecast period. The regions covered in the aerospace & defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in aircraft production is expected to propel the growth of the aerospace and defense ducting market going forward. The rise in aircraft production refers to an increase in the number of aircraft being manufactured. This shift is due to the growing demand for air travel, the need for the replacement of aging aircraft, and the introduction of new aircraft models. The aerospace and defense ducting helps in aircraft production by providing ducting tubes, channels, and ducting systems that enable ventilation, air conditioning, heating, and fuel transfer within an aircraft. For instance, in January 2023, according to an article published by Airbus SE, a Netherlands-based manufacturer and developer of aerospace services, solutions, and products, in 2022, the business delivered 661 commercial aircraft to 84 customers and received 1,078 gross new orders. Airbus had a backlog of 7,239 aircraft as of December 2022. In 2022, the company supplied 84 customers with 661 deliveries, an 8 percent increase over 2021. Therefore, the rise in the production of aircraft is driving the growth of the aerospace and defense ducting market.
Key Industry Players
Major companies operating in the aerospace and defense ducting market are developing strategic partnerships to access new markets and customers within the industry. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2022, Wencor Group, a Georgia-based airline company, announced an exclusive multi-year defense channel partnership with AMETEK FMH, a US-based aviation and aerospace component manufacturing provider of sensors and fluid management systems, for military and government applications. The aim of Wencor and AMETEK FMH’s partnership is to strengthen their position in the defense market and provide greater access to innovative products and solutions for military and government customers.
The aerospace & defense ducting market report table of contents includes:
1. Executive Summary
2. Aerospace & Defense Ducting Characteristics
3. Aerospace & Defense Ducting Trends And Strategies
4. Aerospace & Defense Ducting – Macro Economic Scenario
5. Global Aerospace & Defense Ducting Size and Growth
…..
32. Global Aerospace & Defense Ducting Competitive Benchmarking
33. Global Aerospace & Defense Ducting Competitive Dashboard
34. Key Mergers And Acquisitions In The Aerospace & Defense Ducting
35. Aerospace & Defense Ducting Future Outlook and Potential Analysis
36. Appendix
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