According to study, “Global Aerospace Defense Fluid Conveyance Systems Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global aerospace defense fluid conveyance systems market are AIM Aerospace, Exotic Metals Forming LLC, Arrowhead Products Corporation, Parker Hannifin Corporation, Eaton Corporation, GKN plc., PFW Aerospace AG, Encore Group, Stelia Aerospace, ITT Corporation, Triumph Group Inc., Meggitt PLC, Unison Industries, Zodiac Aerospace, Senior plc. Key companies are aggressively focusing towards investment in research & development (R&D) of new products, primarily to make certain that new products enter production beneficially and are in line with customer milestones. Further, execution of development programs, developing strategic customer relationships, portfolio expansion and acquisition of innovative or adjacent technologies are key success factors of the market.
The fluid conveyance system constitutes of the components, which carry critical liquids across the aircraft. It is essentially responsible for distributing & managing the fluid flow in low and high temperature areas of the aircrafts. It distributes and arranges the fluids or liquids in certain temperature & pressure areas of fixed and rotary winged aircraft for both military and civil applications. The system includes high pressure ducting, low pressure ducting, hoses & tubes and other components. Tubes and hoses are built to transport fluids to components, valves, tools and actuators.
Based on component type, aerospace defense fluid conveyance systems market is segmented into joints, ducts, tube fittings, bellows, couplings, and flanges among others. The ducts are further sub-segmented into low pressure ducts and high pressure ducts. Low pressure ducts are used in low pressure & low temperature applications, such as cabin sidewall riser duct, windscreen demisting, flight deck air distribution, transition duct, acoustic silencer, flight deck instrumentation cooling, cabin recirculation, avionics ventilation, and air conditioned supply. Whereas, the high pressure ducting system are used in environmental control system (ECS systems), APU air intake / exhaust, engine bleed air, thermal anti-ice systems, and engine starter duct systems. Based on fluid type, market is segmented into fuel, hydraulic, pneumatic and others. Based on aircraft type, market is segmented into passenger aircraft, helicopters, cargo aircraft, and defense aircraft. Based on material type, market is segmented into nickel & alloys, stainless steel & alloys, titanium & alloys, composites, and others. Based on application, market is segmented into airframe conveyance system and engine conveyance system. In addition, based on end-use, market is segmented into general aviation, military aircraft and civil aviation.
The aerospace defense fluid conveyance systems market is driven by rise in aircraft fleet size, followed by growth in advancement in fluid conveyance technology to address the emerging requirements for the enlargement of high-thrust turbofan engines, rise in military sector and increase in demand for lightweight fluid conveyance systems. However, recyclability issues of the composite ingredients along with backlog in aircraft deliveries may impact the market. Moreover, growth in consumption of alternative fuels and rise in demand for lightweight materials & energy-efficient engines are key trends for market.
Based on geography, the North-American region dominates the aerospace defense fluid conveyance systems market owing to growth in production of aircrafts along with the presence of various ageing aircrafts in the region. Whereas, the Asian-Pacific and European regions are expected to witness higher growth rate due to introduction of offset policy, commencement of commercial & regional aircraft manufacturing increase in number of aircraft deliveries as a result of rise in air passenger traffic over the forecast period.
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Aerospace Defense Fluid Conveyance Systems Market
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